2-bed · 887 sqftSafi Apartments 2A, Town Square · 6th floor · completed 2018

607, Safi Apartments 2A

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.

Unit 607 · DLD and Ejari recordsUpdated 5 December 2023
Last soldAED 810K25 October 2015
Current rentAED 51K /yr5 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Safi Apartments 2A

What is 607 worth today?

Last sold for AED 809,888 in 2015

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5 Dec 2023RentedRenewal
AED 50,600/yr12 months · AED 57 per sqft
5 Dec 2022RentedRenewal
AED 46,000/yr12 months · AED 52 per sqft
5 Dec 2021RentedRenewal
AED 43,000/yr12 months · AED 49 per sqft
5 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
25 Oct 2015Sold by developerOff-plan
AED 809,888AED 913 per sqft

Source: Dubai Land Department. Updated 5 December 2023.

Key facts

Type
2-bed apartment
Size
887 sqft
Floor
6th of 7
Parking
P-114
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,600 /yr
Last sold
AED 810K · October 2015

About 607, Safi Apartments 2A

607 is a two-bedroom apartment of 887 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 25 October 2015 for AED 809,888, or AED 913 per sqft, 4% above the AED 879 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 5 December 2023, is AED 50,600 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 13,600 a year.

Sales and rents for 607 over time

Sales
Unit 607, 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 809,888 (AED 913 per sqft)

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

Rents
Unit 607, 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, December 2019: AED 50,000 a yearRenewal, December 2021: AED 43,000 a yearRenewal, December 2022: AED 46,000 a yearRenewal, December 2023: AED 50,600 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 607 sits

All 93 2-beds →

607 last sold in October 2015 at AED 913 per sqft, 4% above what two-beds in Safi Apartments 2A were fetching at the time (AED 879). 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. 607's AED 50,600 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 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
6053-bedAED 1.34M · Oct 2017
6062-bedAED 725K · Jun 2023
6081-bedAED 620K · Nov 2023
1–7 of 20

607, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 25 October 2015 for AED 809,888, or AED 913 per sqft.
  • Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 50,000 to AED 43,000 in 2021 and recovered to AED 50,600 by December 2023.
  • At AED 50,600 a year the gross yield on the 2015 price is 6.3%, before a service charge of about AED 13,600 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 5 December 2023.

Questions about 607, Safi Apartments 2A

What did unit 607 last sell for?

AED 809,888 on 25 October 2015, sold by the developer: AED 913 per sqft for 887 sqft. It is the only registered sale of the unit.

What is the rent for unit 607?

AED 50,600 a year on the contract renewed on 5 December 2023. The previous contract, from December 2022, was AED 46,000; the unit has been rented since December 2019.

How big is unit 607?

887 sqft (82.4 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 607 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 607, Safi Apartments 2A

Starts from the last sale price (AED 810K, 25 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 809,888
Deposit, UAE resident (20%)
AED 161,978
Deposit, non-resident (40%)
AED 323,955
Monthly over 25 years at 3.7%
AED 3,314

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