2-bed · 1,076 sqftSafi Apartments 2B, Town Square · 3rd floor · completed 2018

312, Safi Apartments 2B

Sold prices and rental history: sold twice, last in January 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 8 May 2022
Last soldAED 625K7 January 2020
Current rentAED 48K /yr8 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Safi Apartments 2B

What is 312 worth today?

Last sold for AED 625,000 in 2020

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8 May 2022RentedRenewal
AED 48,400/yr15 months · AED 45 per sqft
8 May 2021RentedNew contract
AED 44,000/yr12 months · AED 41 per sqft
7 Jan 2020SoldReady
AED 625,000AED 581 per sqft
10 Sep 2019RentedNew contract
AED 53,000/yr12 months · AED 49 per sqft
28 Oct 2015Sold by developerOff-plan
AED 930,888AED 865 per sqft

Source: Dubai Land Department. Updated 8 May 2022.

Key facts

Type
2-bed apartment
Size
1,076 sqft
Floor
3rd of 7
Parking
P-215
Developer
Nshmi Development
Completed
2018
Last sold
AED 625K · January 2020

About 312, Safi Apartments 2B

312 is a two-bedroom apartment of 1,076 sqft on the 3rd floor of Safi Apartments 2B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 7 January 2020 for AED 625,000, or AED 581 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 8 May 2022, is AED 48,400 a year: a gross yield of 7.7% on the 2020 price.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical two-bed in Safi Apartments 2B
750K1M2015201820212024Typical sale price by year: 2015 AED 849,388; 2016 AED 834,388; 2020 AED 794,888; 2023 AED 800,000; 2024 AED 850,000; 2025 AED 1,100,000Sold by developer, October 2015: AED 930,888 (AED 865 per sqft)Sold, January 2020: AED 625,000 (AED 581 per sqft)

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

Rents
Unit 312, each contractTypical two-bed in Safi Apartments 2B
40K60K80K20192021202320252027Typical rent by year: 2019 AED 53,000; 2020 AED 45,000; 2021 AED 46,000; 2022 AED 50,000; 2023 AED 55,276; 2024 AED 62,500; 2025 AED 69,703; 2026 AED 78,250New contract, September 2019: AED 53,000 a yearNew contract, May 2021: AED 44,000 a yearRenewal, May 2022: AED 48,400 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 2B, and where 312 sits

All 39 2-beds →

312's AED 48,400 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 May 20251,170,000
29 Apr 20251,075,000
22 Apr 20251,100,000
24 Mar 20251,100,000
0 2-bed sales in the last 12 months

Safi Apartments 2B

Building

89 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 2 sold in the last 12 months.

Typical price per sqft
AED 1,248
Typical sale
AED 1.25M
Typical rent
AED 77K /yr
Typical yield
6.2%
Safi Apartments 2B, Town Square: prices, sales and rents →

Other units on the 3rd floor

All 89 units in Safi Apartments 2B
Value
3012-bedAED 848K · Oct 2015
3023-bedAED 1.35M · Sep 2023
303AED 840K · Nov 2025
3041-bedAED 564K · Oct 2015
3051-bedAED 267K · Jun 2025
306StudioAED 490K · Mar 2025
3071-bedAED 500K · Jun 2025
1–7 of 13

312, Safi Apartments 2B in numbers

  • Sold twice: first on 28 October 2015 for AED 930,888, last on 7 January 2020 for AED 625,000 (AED 581 per sqft).
  • Rented since September 2019 on 3 Ejari contracts, from AED 53,000 to AED 48,400 a year.
  • At AED 48,400 a year the gross yield on the 2020 price is 7.7%.

Source: Dubai Land Department. Updated 8 May 2022.

Questions about 312, Safi Apartments 2B

What did unit 312 last sell for?

AED 625,000 on 7 January 2020: AED 581 per sqft for 1,076 sqft. The unit has 2 registered sales; the first was AED 930,888 in October 2015.

What is the rent for unit 312?

AED 48,400 a year on the contract renewed on 8 May 2022. The previous contract, from May 2021, was AED 44,000; the unit has been rented since September 2019.

How big is unit 312?

1,076 sqft (100.0 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 312, Safi Apartments 2B

Starts from the last sale price (AED 625K, 7 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

Plus AED 31,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →