2-bed · 937 sqftSafi Apartments 1B, Town Square · 7th floor · completed 2018

718, 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.

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Unit 718 · DLD and Ejari recordsUpdated 1 July 2024

Last soldAED 844K25 October 2015

Current rentAED 70K /yr1 July 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 718, Safi Apartments 1B

Today

What is 718 worth today?

Last sold for AED 843,888 in 2015

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1 Jul 2024

1 Jul 2024RentedRenewal

AED 70,000/yr12 months · AED 75 per sqft

1 Jul 2023

1 Jul 2023RentedRenewal

AED 51,500/yr12 months · AED 55 per sqft

1 Jul 2022

1 Jul 2022RentedRenewal

AED 48,875/yr12 months · AED 52 per sqft

1 Jul 2021

1 Jul 2021RentedNew contract

AED 42,500/yr12 months · AED 45 per sqft

15 Sep 2020

15 Sep 2020RentedRenewal

AED 55,000/yr12 months · AED 59 per sqft

15 Sep 2019

15 Sep 2019RentedNew contract

AED 65,000/yr12 months · AED 69 per sqft

25 Oct 2015

25 Oct 2015Sold by developerOff-plan

AED 843,888AED 900 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type: 2-bed apartment
Size: 937 sqft
Floor: 7th of 7
Parking: P-409,P-195
Developer: Nshmi Development
Completed: 2018
Last sold: AED 844K · October 2015
Building: Safi Apartments 1B

About 718, Safi Apartments 1B

718 is a two-bedroom apartment of 937 sqft on the 7th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 25 October 2015 for AED 843,888, or AED 900 per sqft, in line with the AED 874 two-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 1 July 2024, is AED 70,000 a year: a gross yield of 8.3% on the 2015 price.

Sales and rents for 718 over time

Sales

Unit 718, each saleTypical two-bed in Safi Apartments 1B

718 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 718, each contractTypical two-bed in Safi Apartments 1B

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Safi Apartments 1B, and where 718 sits

All 66 2-beds →

2-beds in Safi Apartments 1B · last 12 months1,281 /sqft Safi Apartments 1B · all types1,281 /sqft

718 last sold in October 2015 at AED 900 per sqft, in line with what two-beds in Safi Apartments 1B were fetching at the time (AED 874). Over the last 12 months two-beds sold for AED 1,190,000 to 1,200,000, around AED 1,281 per sqft, and rent for AED 66,150 to 105,000 a year. 718's AED 70,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
6 Feb 20266 February 2026	937 sqft	1,200,000	1,281
2 Feb 20262 February 2026	929 sqft	1,190,000	1,281
17 Dec 202517 December 2025	937 sqft	1,200,000	1,281
10 Dec 202510 December 2025	881 sqft	1,200,000	1,362

4 2-bed sales in the last 12 months

Safi Apartments 1B

Building

181 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%

Safi Apartments 1B, Town Square: prices, sales and rents →

Other units on the 7th floor

All 181 units in Safi Apartments 1B


701	2-bed	937 sqft	AED 900KAED 900,000 · Aug 2024August 2024	54,000 /yr
702	3-bed	1,498 sqft	AED 1.25MAED 1,249,888 · Oct 2015October 2015	120,000 /yr
703	2-bed	929 sqft	AED 1.24MAED 1,235,000 · May 2025May 2025	80,000 /yr
704	Studio	319 sqft	AED 427KAED 426,888 · Jun 2016June 2016	36,000 /yr
705	1-bed	596 sqft	AED 565KAED 564,888 · Oct 2015October 2015	63,000 /yr
706	3-bed	1,408 sqft	AED 925KAED 925,000 · Apr 2021April 2021	60,000 /yr
707	2-bed	881 sqft	AED 771KAED 770,888 · Oct 2015October 2015	80,000 /yr
708	2-bed	883 sqft	AED 800KAED 799,999 · Jan 2018January 2018	78,750 /yr
709	1-bed	629 sqft	AED 613KAED 612,888 · Jul 2016July 2016	47,500 /yr
710	1-bed	629 sqft	AED 556KAED 555,888 · Oct 2015October 2015	63,000 /yr
711	2-bed	883 sqft	AED 650KAED 650,000 · Oct 2019October 2019	105,000 /yr
712	2-bed	881 sqft	AED 776KAED 775,888 · Oct 2015October 2015	80,000 /yr
713	3-bed	1,408 sqft	AED 1.36MAED 1,360,000 · Apr 2024April 2024	73,000 /yr
714	1-bed	596 sqft	AED 575KAED 574,888 · Jul 2016July 2016	55,000 /yr
715	Studio	319 sqft	AED 350KAED 350,000 · Jun 2023June 2023	36,960 /yr
716	2-bed	929 sqft	AED 1.19MAED 1,190,000 · Feb 2026February 2026	65,000 /yr
717	3-bed	1,498 sqft	AED 985KAED 985,000 · Aug 2021August 2021	70,000 /yr
719	1-bed	573 sqft	AED 530KAED 530,000 · Oct 2019October 2019
720	2-bed	976 sqft	AED 789KAED 788,888 · Jul 2020July 2020	60,000 /yr
721	2-bed	1,041 sqft	AED 1.1MAED 1,100,000 · May 2019May 2019
722	2-bed	904 sqft	AED 834KAED 833,888 · Oct 2015October 2015	67,000 /yr
723	3-bed	1,340 sqft	AED 1.02MAED 1,020,888 · Jun 2020June 2020

1–7 of 22

718, Safi Apartments 1B in numbers

Sold once: by Nshmi Development on 25 October 2015 for AED 843,888, or AED 900 per sqft.
Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 65,000 to AED 42,500 in 2021 and recovered to AED 70,000 by July 2024.
At AED 70,000 a year the gross yield on the 2015 price is 8.3%.
Two-beds in Safi Apartments 1B sold for AED 1,190,000–1,200,000 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 1 July 2024.

Questions about 718, Safi Apartments 1B

What did unit 718 last sell for?

AED 843,888 on 25 October 2015, sold by the developer: AED 900 per sqft for 937 sqft. It is the only registered sale of the unit.

What is the rent for unit 718?

AED 70,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 51,500; the unit has been rented since September 2019.

How big is unit 718?

937 sqft (87.1 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 718 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safi Apartments 1B sold for AED 1,190,000 to 1,200,000 in the last 12 months, around AED 1,281 per sqft.

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Mortgage on 718, Safi Apartments 1B

Starts from the last sale price (AED 844K, 25 October 2015). Switch to today's estimate once you have unlocked it.

Price: AED 843,888
Deposit, UAE resident (20%): AED 168,778
Deposit, non-resident (40%): AED 337,555
Monthly over 25 years at 3.7%: AED 3,453

Plus AED 40,454 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →