2-bed · 929 sqftSafi Apartments 2B, Town Square · 5th floor · completed 2018

501, Safi Apartments 2B

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

Unit 501 · DLD and Ejari recordsUpdated 20 September 2025
Last soldAED 820K17 December 2024
Current rentAED 85K /yr20 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Safi Apartments 2B

What is 501 worth today?

Last sold for AED 820,000 in 2024

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20 Sep 2025RentedNew contract
AED 85,000/yr12 months · AED 92 per sqft
26 Dec 2024RentedNew contract
AED 85,000/yr12 months · AED 92 per sqft
17 Dec 2024SoldReady
AED 820,000AED 883 per sqft
10 Dec 2023RentedRenewal
AED 53,130/yr12 months · AED 57 per sqft
10 Dec 2022RentedNew contract
AED 48,300/yr12 months · AED 52 per sqft
10 Dec 2021RentedNew contract
AED 42,000/yr12 months · AED 45 per sqft
10 Nov 2020RentedNew contract
AED 42,000/yr13 months · AED 45 per sqft
15 Sep 2019RentedNew contract
AED 52,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 20 September 2025.

Key facts

Type
2-bed apartment
Size
929 sqft
Floor
5th of 7
Parking
P-144
Developer
Nshmi Development
Completed
2018
Last sold
AED 820K · December 2024

About 501, Safi Apartments 2B

501 is a two-bedroom apartment of 929 sqft on the 5th floor of Safi Apartments 2B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 17 December 2024 for AED 820,000, or AED 883 per sqft, in line with the AED 894 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 20 September 2025, is AED 85,000 a year: a gross yield of 10.4% on the 2024 price.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Safi Apartments 2B
800K1M2015201820212024Typical 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 867,888 (AED 934 per sqft)Sold, December 2024: AED 820,000 (AED 883 per sqft)

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

Rents
Unit 501, 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 52,000 a yearNew contract, November 2020: AED 42,000 a yearNew contract, December 2021: AED 42,000 a yearNew contract, December 2022: AED 48,300 a yearRenewal, December 2023: AED 53,130 a yearNew contract, December 2024: AED 85,000 a yearNew contract, September 2025: AED 85,000 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 2B, and where 501 sits

All 39 2-beds →

501 last sold in December 2024 at AED 883 per sqft, in line with what two-beds in Safi Apartments 2B were fetching at the time (AED 894). 501's AED 85,000 is in the lower half 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 5th floor

All 89 units in Safi Apartments 2B
Value
5023-bedAED 1.3M · Aug 2024
5031-bedAED 591K · Oct 2015
5041-bedAED 578K · Oct 2015
5051-bedAED 603K · Oct 2015
506StudioAED 400K · May 2025
5071-bedAED 571K · Oct 2015
5083-bedAED 1.25M · Sep 2024
1–7 of 13

501, Safi Apartments 2B in numbers

  • Sold twice: first on 18 October 2015 for AED 867,888, last on 17 December 2024 for AED 820,000 (AED 883 per sqft).
  • Rented since September 2019 on 7 Ejari contracts. The rent fell from AED 52,000 to AED 42,000 in 2021 and recovered to AED 85,000 by September 2025.
  • At AED 85,000 a year the gross yield on the 2024 price is 10.4%.

Source: Dubai Land Department. Updated 20 September 2025.

Questions about 501, Safi Apartments 2B

What did unit 501 last sell for?

AED 820,000 on 17 December 2024: AED 883 per sqft for 929 sqft. The unit has 2 registered sales; the first was AED 867,888 in October 2015.

What is the rent for unit 501?

AED 85,000 a year on the contract signed on 20 September 2025. The previous contract, from December 2024, was AED 85,000; the unit has been rented since September 2019.

How big is unit 501?

929 sqft (86.3 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 501 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 501, Safi Apartments 2B

Starts from the last sale price (AED 820K, 17 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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