623, Safi Apartments 1B
Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 623, Safi Apartments 1B
What is 623 worth today?
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Source: Dubai Land Department. Updated 25 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,340 sqft
- Floor
- 6th of 7
- Parking
- P-454,p-345
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 1.14M · October 2015
- Building
- Safi Apartments 1B
About 623, Safi Apartments 1B
623 is a three-bedroom apartment of 1,340 sqft on the 6th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 13 October 2015 for AED 1,139,888, or AED 850 per sqft, in line with the AED 827 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 June 2025, is AED 108,000 a year: a gross yield of 9.5% on the 2015 price.
Sales and rents for 623 over time
623 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Safi Apartments 1B, and where 623 sits
All 36 3-beds →623 last sold in October 2015 at AED 850 per sqft, in line with what three-beds in Safi Apartments 1B were fetching at the time (AED 827). Over the last 12 months three-beds sold for AED 1,660,000, around AED 1,238 per sqft, and rent for AED 120,000 to 132,000 a year.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 1,340 sqft | 1,660,000 | 1,238 | ||
| 11 Jul 202511 July 2025 | 2,257 sqft | 1,780,000 | 788 | ||
| 13 May 202513 May 2025 | 1,408 sqft | 1,590,000 | 1,129 | ||
| 9 Apr 20259 April 2025 | 2,593 sqft | 1,980,000 | 763 |
Safi Apartments 1B
Building181 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,281
- Typical sale
- AED 1.2M
- Typical rent
- AED 64K /yr
- Typical yield
- 7.3%
Other units on the 6th floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 937 sqft | AED 1.18MAED 1,175,000 · Mar 2025March 2025 | 68,000 /yr | |
| 602 | 3-bed | 2,593 sqft | AED 1.98MAED 1,980,000 · Apr 2025April 2025 | ||
| 603 | 2-bed | 929 sqft | AED 806KAED 805,888 · Oct 2015October 2015 | 90,000 /yr | |
| 604 | Studio | 319 sqft | AED 380KAED 379,888 · Oct 2015October 2015 | 33,000 /yr | |
| 605 | 1-bed | 596 sqft | AED 562KAED 561,888 · Oct 2015October 2015 | 60,000 /yr | |
| 606 | 3-bed | 1,412 sqft | AED 1.01MAED 1,014,888 · Jul 2020July 2020 | 132,000 /yr | |
| 607 | 2-bed | 888 sqft | AED 1.1MAED 1,100,000 · Jun 2025June 2025 | 55,000 /yr | |
| 608 | 2-bed | 887 sqft | AED 767KAED 766,888 · Oct 2015October 2015 | 63,525 /yr | |
| 609 | 1-bed | 628 sqft | AED 750KAED 750,000 · Mar 2025March 2025 | 70,000 /yr | |
| 610 | 1-bed | 629 sqft | AED 750KAED 750,000 · Oct 2024October 2024 | 65,000 /yr | |
| 611 | 2-bed | 887 sqft | AED 771KAED 770,888 · Oct 2015October 2015 | 69,800 /yr | |
| 612 | 2-bed | 888 sqft | AED 771KAED 770,888 · Oct 2015October 2015 | 80,000 /yr | |
| 613 | 3-bed | 1,412 sqft | AED 1.31MAED 1,312,888 · Oct 2017October 2017 | ||
| 614 | 1-bed | 596 sqft | AED 385KAED 384,867 · Dec 2021December 2021 | 67,000 /yr | |
| 615 | Studio | 319 sqft | AED 356KAED 355,888 · Oct 2015October 2015 | 40,000 /yr | |
| 616 | 2-bed | 929 sqft | AED 756KAED 755,888 · Dec 2015December 2015 | 57,200 /yr | |
| 617 | 3-bed | 2,593 sqft | AED 1.65MAED 1,650,000 · Sep 2023September 2023 | 70,000 /yr | |
| 618 | 937 sqft | AED 1.19MAED 1,190,000 · Nov 2025November 2025 | 55,000 /yr | ||
| 619 | 1-bed | 573 sqft | AED 584KAED 583,888 · Oct 2015October 2015 | 55,000 /yr | |
| 620 | 2-bed | 976 sqft | AED 850KAED 850,000 · Jan 2024January 2024 | ||
| 621 | 2-bed | 1,041 sqft | AED 933KAED 932,888 · Oct 2015October 2015 | 63,800 /yr | |
| 622 | 2-bed | 905 sqft | AED 1.14MAED 1,140,000 · Jan 2025January 2025 | 40,000 /yr |
623, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 13 October 2015 for AED 1,139,888, or AED 850 per sqft.
- Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 70,000 in 2020 and recovered to AED 108,000 by June 2025.
- At AED 108,000 a year the gross yield on the 2015 price is 9.5%.
- Three-beds in Safi Apartments 1B sold for AED 1,660,000–1,660,000 in the 12 months to November 2026; the building's median across all types is AED 1,281 per sqft.
Source: Dubai Land Department. Updated 25 June 2025.
Questions about 623, Safi Apartments 1B
What did unit 623 last sell for?
AED 1,139,888 on 13 October 2015, sold by the developer: AED 850 per sqft for 1,340 sqft. It is the only registered sale of the unit.
What is the rent for unit 623?
AED 108,000 a year on the contract renewed on 25 June 2025. The previous contract, from June 2024, was AED 96,000; the unit has been rented since June 2019.
How big is unit 623?
1,340 sqft (124.5 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.
What is unit 623 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 1B sold for AED 1,660,000 to 1,660,000 in the last 12 months, around AED 1,238 per sqft.
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Mortgage on 623, Safi Apartments 1B
Starts from the last sale price (AED 1.14M, 13 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,139,888
- Deposit, UAE resident (20%)
- AED 227,978
- Deposit, non-resident (40%)
- AED 455,955
- Monthly over 25 years at 3.7%
- AED 4,664
Plus AED 52,886 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →