2-bed · 977 sqftSafi Apartments 2A, Town Square · 3rd floor · completed 2018

320, Safi Apartments 2A

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 320 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 825K9 October 2024
Current rentAED 57K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 320, Safi Apartments 2A

What is 320 worth today?

Last sold for AED 825,000 in 2024

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9 Oct 2024SoldReady
AED 825,000AED 844 per sqft
1 Oct 2024RentedNew contract
AED 56,925/yr12 months · AED 58 per sqft
1 Oct 2023RentedNew contract
AED 49,500/yr12 months · AED 51 per sqft
1 Oct 2022RentedRenewal
AED 45,000/yr12 months · AED 46 per sqft
1 Oct 2021RentedRenewal
AED 45,000/yr12 months · AED 46 per sqft
1 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 56 per sqft
13 Oct 2015Sold by developerOff-plan
AED 810,888AED 830 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
977 sqft
Floor
3rd of 7
Parking
G-93
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,900 /yr
Last sold
AED 825K · October 2024

About 320, Safi Apartments 2A

320 is a two-bedroom apartment of 977 sqft on the 3rd floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 9 October 2024 for AED 825,000, or AED 844 per sqft, 8% below the AED 913 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 October 2024, is AED 56,925 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 14,900 a year.

Sales and rents for 320 over time

Sales
Unit 320, 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, October 2015: AED 810,888 (AED 830 per sqft)Sold, October 2024: AED 825,000 (AED 844 per sqft)

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

Rents
Unit 320, each contractTypical two-bed in Safi Apartments 2A
40K60K80K20192021202320252027Typical 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, August 2019: AED 55,000 a yearRenewal, October 2021: AED 45,000 a yearRenewal, October 2022: AED 45,000 a yearNew contract, October 2023: AED 49,500 a yearNew contract, October 2024: AED 56,925 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 320 sits

All 93 2-beds →

320 last sold in October 2024 at AED 844 per sqft, 8% below what two-beds in Safi Apartments 2A were fetching at the time (AED 913). 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. 320's AED 56,925 is at the bottom 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 3rd floor

All 153 units in Safi Apartments 2A
Value
3012-bedAED 885K · May 2023
3023-bedAED 1.18M · Oct 2015
3032-bedAED 850K · Jul 2024
3042-bedAED 750K · Sep 2023
3052-bedAED 771K · Oct 2015
3063-bedAED 1.18M · Oct 2015
3072-bedAED 975K · Nov 2024
1–7 of 22

320, Safi Apartments 2A in numbers

  • Sold twice: first on 13 October 2015 for AED 810,888, last on 9 October 2024 for AED 825,000 (AED 844 per sqft).
  • Rented since August 2019 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2022 and recovered to AED 56,925 by October 2024.
  • At AED 56,925 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 14,900 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 9 October 2024.

Questions about 320, Safi Apartments 2A

What did unit 320 last sell for?

AED 825,000 on 9 October 2024: AED 844 per sqft for 977 sqft. The unit has 2 registered sales; the first was AED 810,888 in October 2015.

What is the rent for unit 320?

AED 56,925 a year on the contract signed on 1 October 2024. The previous contract, from October 2023, was AED 49,500; the unit has been rented since August 2019.

How big is unit 320?

977 sqft (90.8 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 320 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 320, Safi Apartments 2A

Starts from the last sale price (AED 825K, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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