3-bed · 1,412 sqftSafi Apartments 2A, Town Square · 6th floor · completed 2018

605, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 11 February 2023
Last soldAED 1.34M1 October 2017
Current rentAED 85K /yr11 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Safi Apartments 2A

What is 605 worth today?

Last sold for AED 1,344,888 in 2017

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11 Feb 2023RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
11 Feb 2022RentedNew contract
AED 77,000/yr12 months · AED 55 per sqft
1 Oct 2021RentedRenewal
AED 66,000/yr12 months · AED 47 per sqft
1 Oct 2020RentedRenewal
AED 66,000/yr12 months · AED 47 per sqft
1 Oct 2019RentedNew contract
AED 74,000/yr12 months · AED 52 per sqft
1 Oct 2017Sold by developerOff-plan
AED 1,344,888AED 952 per sqft

Source: Dubai Land Department. Updated 11 February 2023.

Key facts

Type
3-bed apartment
Size
1,412 sqft
Floor
6th of 7
Parking
P-67
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,600 /yr
Last sold
AED 1.34M · October 2017

About 605, Safi Apartments 2A

605 is a three-bedroom apartment of 1,412 sqft on the 6th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 1 October 2017 for AED 1,344,888, or AED 952 per sqft, in line with the AED 929 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 11 February 2023, is AED 85,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 21,600 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical three-bed in Safi Apartments 2A
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,185,888; 2017 AED 1,318,888; 2020 AED 1,064,888; 2021 AED 1,208,888; 2022 AED 1,100,000; 2024 AED 1,450,000; 2025 AED 1,620,000Sold by developer, October 2017: AED 1,344,888 (AED 952 per sqft)

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

Rents
Unit 605, each contractTypical three-bed in Safi Apartments 2A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 70,000; 2020 AED 65,500; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 85,000; 2024 AED 110,000; 2025 AED 118,000; 2026 AED 99,225New contract, October 2019: AED 74,000 a yearRenewal, October 2020: AED 66,000 a yearRenewal, October 2021: AED 66,000 a yearNew contract, February 2022: AED 77,000 a yearRenewal, February 2023: AED 85,000 a year

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 2A, and where 605 sits

All 38 3-beds →

605 last sold in October 2017 at AED 952 per sqft, in line with what three-beds in Safi Apartments 2A were fetching at the time (AED 929). Over the last 12 months three-beds sold for AED 1,780,000, around AED 1,254 per sqft, and rent for AED 92,345 to 130,000 a year. 605's AED 85,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Feb 20261,780,000
20 Jun 20251,620,000
24 Apr 20251,700,000
14 Apr 20251,500,000
1 3-bed sale 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 6th floor

All 153 units in Safi Apartments 2A
Value
6012-bedAED 839K · Sep 2015
6023-bedAED 1.78M · Oct 2015
6032-bedAED 799K · Oct 2015
6042-bedAED 781K · Oct 2015
6062-bedAED 725K · Jun 2023
6072-bedAED 810K · Oct 2015
6081-bedAED 620K · Nov 2023
1–7 of 20

605, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 1 October 2017 for AED 1,344,888, or AED 952 per sqft.
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 74,000 to AED 66,000 in 2021 and recovered to AED 85,000 by February 2023.
  • At AED 85,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 21,600 a year (AED 15.28 per sqft).
  • Three-beds in Safi Apartments 2A sold for AED 1,780,000–1,780,000 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 11 February 2023.

Questions about 605, Safi Apartments 2A

What did unit 605 last sell for?

AED 1,344,888 on 1 October 2017, sold by the developer: AED 952 per sqft for 1,412 sqft. It is the only registered sale of the unit.

What is the rent for unit 605?

AED 85,000 a year on the contract renewed on 11 February 2023. The previous contract, from February 2022, was AED 77,000; the unit has been rented since October 2019.

How big is unit 605?

1,412 sqft (131.2 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 605 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 2A sold for AED 1,780,000 to 1,780,000 in the last 12 months, around AED 1,254 per sqft.

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Mortgage on 605, Safi Apartments 2A

Starts from the last sale price (AED 1.34M, 1 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,344,888
Deposit, UAE resident (20%)
AED 268,978
Deposit, non-resident (40%)
AED 537,955
Monthly over 25 years at 3.7%
AED 5,502

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