2-bed · 1,071 sqftSafi Apartments 1A, Town Square · 1st floor · completed 2018

107, Safi Apartments 1A

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

Unit 107 · DLD and Ejari recordsUpdated 21 June 2024
Last soldAED 815K21 June 2024
Current rentAED 50K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 107, Safi Apartments 1A

What is 107 worth today?

Last sold for AED 815,000 in 2024

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21 Jun 2024SoldReady
AED 815,000AED 760 per sqft
1 Jul 2023RentedRenewal
AED 50,000/yr12 months · AED 46 per sqft
1 Jul 2022RentedRenewal
AED 47,250/yr12 months · AED 44 per sqft
1 Jul 2021RentedRenewal
AED 45,000/yr12 months · AED 42 per sqft
1 Jul 2020RentedRenewal
AED 45,000/yr12 months · AED 42 per sqft
1 Jul 2019RentedNew contract
AED 55,000/yr12 months · AED 51 per sqft
19 Oct 2015Sold by developerOff-plan
AED 823,888AED 769 per sqft

Source: Dubai Land Department. Updated 21 June 2024.

Key facts

Type
2-bed apartment
Size
1,071 sqft
Floor
1st of 7
Parking
P-252
Developer
Nshmi Development
Completed
2018
Service charge
AED 16,400 /yr
Last sold
AED 815K · June 2024

About 107, Safi Apartments 1A

107 is a two-bedroom apartment of 1,071 sqft on the 1st floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 21 June 2024 for AED 815,000, or AED 760 per sqft, 17% below the AED 912 two-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 1 July 2023, is AED 50,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 16,400 a year.

Sales and rents for 107 over time

Sales
Unit 107, each saleTypical two-bed in Safi Apartments 1A
750K1M20152018202120242027Typical sale price by year: 2015 AED 801,388; 2016 AED 881,888; 2018 AED 803,888; 2019 AED 660,000; 2020 AED 665,000; 2021 AED 650,000; 2022 AED 730,000; 2023 AED 800,000; 2024 AED 920,000; 2025 AED 1,100,000; 2026 AED 1,087,500Sold by developer, October 2015: AED 823,888 (AED 769 per sqft)Sold, June 2024: AED 815,000 (AED 760 per sqft)

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

Rents
Unit 107, each contractTypical two-bed in Safi Apartments 1A
40K60K80K20192021202320252027Typical rent by year: 2019 AED 52,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 60,084; 2024 AED 70,068; 2025 AED 80,000; 2026 AED 80,000New contract, July 2019: AED 55,000 a yearRenewal, July 2020: AED 45,000 a yearRenewal, July 2021: AED 45,000 a yearRenewal, July 2022: AED 47,250 a yearRenewal, July 2023: AED 50,000 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 1A, and where 107 sits

All 97 2-beds →

107 last sold in June 2024 at AED 760 per sqft, 17% below what two-beds in Safi Apartments 1A were fetching at the time (AED 912). Over the last 12 months two-beds sold for AED 1,000,000 to 1,280,000, around AED 1,197 per sqft, and rent for AED 60,000 to 110,000 a year. 107's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,075,000
26 Oct 20261,175,000
10 Sep 20261,200,000
3 Jun 20261,025,000
13 2-bed sales in the last 12 months

Safi Apartments 1A

Building

156 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 19 sold in the last 12 months.

Typical price per sqft
AED 1,217 Up 9.9%
Typical sale
AED 1.1M
Typical rent
AED 80K /yr
Typical yield
7.1%
Safi Apartments 1A, Town Square: prices, sales and rents →

Other units on the 1st floor

All 156 units in Safi Apartments 1A
Value
1012-bedAED 995K · May 2017
1023-bedAED 2.05M · May 2026
1032-bedAED 1.25M · Jul 2025
1042-bedAED 1.03M · Jan 2026
1052-bedAED 800K · Oct 2015
1063-bedAED 1000K · Jul 2020
1083-bedAED 1.17M · Oct 2015
1–7 of 22

107, Safi Apartments 1A in numbers

  • Sold twice: first on 19 October 2015 for AED 823,888, last on 21 June 2024 for AED 815,000 (AED 760 per sqft).
  • Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2021 and recovered to AED 50,000 by July 2023.
  • At AED 50,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 16,400 a year (AED 15.28 per sqft).
  • Two-beds in Safi Apartments 1A sold for AED 1,000,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 1,217 per sqft.

Source: Dubai Land Department. Updated 21 June 2024.

Questions about 107, Safi Apartments 1A

What did unit 107 last sell for?

AED 815,000 on 21 June 2024: AED 760 per sqft for 1,071 sqft. The unit has 2 registered sales; the first was AED 823,888 in October 2015.

What is the rent for unit 107?

AED 50,000 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 47,250; the unit has been rented since July 2019.

How big is unit 107?

1,071 sqft (99.5 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 107 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 1A sold for AED 1,000,000 to 1,280,000 in the last 12 months, around AED 1,197 per sqft.

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Mortgage on 107, Safi Apartments 1A

Starts from the last sale price (AED 815K, 21 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 815,000
Deposit, UAE resident (20%)
AED 163,000
Deposit, non-resident (40%)
AED 326,000
Monthly over 25 years at 3.7%
AED 3,334

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