Home
Dubai prices
About
Research
2-bed · 1,214 sqftSafi Apartments 1A, Town Square · 1st floor · completed 2018

115, Safi Apartments 1A

Sold prices and rental history: sold twice, last in March 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 16 March 2021
Last soldAED 690K16 March 2021
Current rentAED 47K /yr27 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 115

Property timeline for 115, Safi Apartments 1A

What is 115 worth today?

Last sold for AED 690,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

16 Mar 2021SoldReady
AED 690,000AED 568 per sqft
27 Nov 2020RentedNew contract
AED 47,000/yr12 months · AED 39 per sqft
18 Aug 2019RentedNew contract
AED 65,000/yr12 months · AED 53 per sqft
13 Oct 2015Sold by developerOff-plan
AED 815,888AED 672 per sqft

Source: Dubai Land Department. Updated 16 March 2021.

Key facts

Type
2-bed apartment
Size
1,214 sqft
Floor
1st of 7
Parking
P-258
Developer
Nshmi Development
Completed
2018
Service charge
AED 18,600 /yr
Last sold
AED 690K · March 2021
Building
Safi Apartments 1A

About 115, Safi Apartments 1A

115 is a two-bedroom apartment of 1,214 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 16 March 2021 for AED 690,000, or AED 568 per sqft, 25% below the AED 753 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 27 November 2020, is AED 47,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 18,600 a year.

Sales and rents for 115 over time

Sales
Unit 115, 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 815,888 (AED 672 per sqft)Sold, March 2021: AED 690,000 (AED 568 per sqft)

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

Rents
Unit 115, 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, August 2019: AED 65,000 a yearNew contract, November 2020: AED 47,000 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 115 sits

All 97 2-beds →

115 last sold in March 2021 at AED 568 per sqft, 25% below what two-beds in Safi Apartments 1A were fetching at the time (AED 753). 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. 115's AED 47,000 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
1072-bedAED 815K · Jun 2024
1–7 of 22

115, Safi Apartments 1A in numbers

  • Sold twice: first on 13 October 2015 for AED 815,888, last on 16 March 2021 for AED 690,000 (AED 568 per sqft).
  • Rented since August 2019 on 2 Ejari contracts, from AED 65,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 18,600 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 16 March 2021.

Questions about 115, Safi Apartments 1A

What did unit 115 last sell for?

AED 690,000 on 16 March 2021: AED 568 per sqft for 1,214 sqft. The unit has 2 registered sales; the first was AED 815,888 in October 2015.

What is the rent for unit 115?

AED 47,000 a year on the contract signed on 27 November 2020. The previous contract, from August 2019, was AED 65,000.

How big is unit 115?

1,214 sqft (112.8 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 115 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.

Selling 115? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 115, Safi Apartments 1A

Starts from the last sale price (AED 690K, 16 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 690,000
Deposit, UAE resident (20%)
AED 138,000
Deposit, non-resident (40%)
AED 276,000
Monthly over 25 years at 3.7%
AED 2,823

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