2-bed · 1,585 sqftSafi Apartments 2A, Town Square · 1st floor · completed 2018

103, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in July 2020, and rented once, from June 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 835K20 July 2020
Current rentAED 90K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, Safi Apartments 2A

What is 103 worth today?

Last sold for AED 834,888 in 2020

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10 Jun 2024RentedNew contract
AED 90,000/yr12 months · AED 57 per sqft
20 Jul 2020Sold by developerReady
AED 834,888AED 526 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
2-bed apartment
Size
1,585 sqft
Floor
1st of 7
Parking
P-47
Developer
Nshmi Development
Completed
2018
Service charge
AED 24,200 /yr
Last sold
AED 835K · July 2020

About 103, Safi Apartments 2A

103 is a two-bedroom apartment of 1,585 sqft on the 1st floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 20 July 2020 for AED 834,888, or AED 526 per sqft, 35% below the AED 809 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 June 2024. The current contract, signed on 10 June 2024, is AED 90,000 a year: a gross yield of 10.8% on the 2020 price, before the service charge of about AED 24,200 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical two-bed in Safi Apartments 2A
800K1M1.2M20152018202120242027Typical sale price by year: 2015 AED 803,888; 2016 AED 790,888; 2020 AED 780,888; 2022 AED 732,500; 2023 AED 765,000; 2024 AED 900,000; 2025 AED 1,100,000; 2026 AED 1,145,000Sold by developer, July 2020: AED 834,888 (AED 526 per sqft)

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

Rents
Unit 103, each contractTypical two-bed in Safi Apartments 2A
50K75K20192021202320252027Typical rent by year: 2019 AED 52,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 57,750; 2024 AED 66,150; 2025 AED 80,000; 2026 AED 81,000New contract, June 2024: AED 90,000 a year

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 2A, and where 103 sits

All 93 2-beds →

103 last sold in July 2020 at AED 526 per sqft, 35% below what two-beds in Safi Apartments 2A were fetching at the time (AED 809). Over the last 12 months two-beds sold for AED 1,130,000 to 1,170,000, around AED 1,276 per sqft, and rent for AED 62,890 to 95,000 a year. 103's AED 90,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20261,130,000
3 Feb 20261,150,000
22 Jan 20261,140,000
16 Jan 20261,170,000
4 2-bed sales in the last 12 months

Safi Apartments 2A

Building

153 apartments, 1-bed 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 1,271
Typical sale
AED 1.15M
Typical rent
AED 83K /yr
Typical yield
6.6%
Safi Apartments 2A, Town Square: prices, sales and rents →

Other units on the 1st floor

All 153 units in Safi Apartments 2A
Value
1012-bedAED 978K · Sep 2015
1023-bedAED 1.5M · Jan 2024
1042-bedAED 780K · Oct 2015
1052-bedAED 891K · Apr 2017
1063-bedAED 1.33M · Sep 2017
1072-bedAED 1.14M · Jan 2026
1083-bedAED 1.7M · Apr 2025
1–7 of 19

103, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 20 July 2020 for AED 834,888, or AED 526 per sqft.
  • Rented since June 2024 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2020 price is 10.8%, before a service charge of about AED 24,200 a year (AED 15.28 per sqft).
  • Two-beds in Safi Apartments 2A sold for AED 1,130,000–1,170,000 in the 12 months to November 2026; the building's median across all types is AED 1,271 per sqft.

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 103, Safi Apartments 2A

What did unit 103 last sell for?

AED 834,888 on 20 July 2020, sold by the developer: AED 526 per sqft for 1,585 sqft. It is the only registered sale of the unit.

What is the rent for unit 103?

AED 90,000 a year on the contract signed on 10 June 2024.

How big is unit 103?

1,585 sqft (147.3 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 103 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 2A sold for AED 1,130,000 to 1,170,000 in the last 12 months, around AED 1,276 per sqft.

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Mortgage on 103, Safi Apartments 2A

Starts from the last sale price (AED 835K, 20 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 834,888
Deposit, UAE resident (20%)
AED 166,978
Deposit, non-resident (40%)
AED 333,955
Monthly over 25 years at 3.7%
AED 3,416

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →