2-bed · 904 sqftSafi Apartments 1A, Town Square · 2nd floor · completed 2018

221, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 794K23 August 2015
Current rentAED 75K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 221, Safi Apartments 1A

What is 221 worth today?

Last sold for AED 793,888 in 2015

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1 Dec 2024RentedNew contract
AED 75,000/yr12 months · AED 83 per sqft
1 Dec 2023RentedNew contract
AED 75,000/yr12 months · AED 83 per sqft
21 Aug 2022RentedRenewal
AED 58,000/yr15 months · AED 64 per sqft
21 Aug 2021RentedRenewal
AED 45,000/yr12 months · AED 50 per sqft
21 Aug 2020RentedRenewal
AED 45,000/yr12 months · AED 50 per sqft
21 Aug 2019RentedNew contract
AED 52,500/yr12 months · AED 58 per sqft
23 Aug 2015Sold by developerOff-plan
AED 793,888AED 877 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
2-bed apartment
Size
904 sqft
Floor
2nd of 7
Parking
G-282
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,800 /yr
Last sold
AED 794K · August 2015

About 221, Safi Apartments 1A

221 is a two-bedroom apartment of 904 sqft on the 2nd floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 23 August 2015 for AED 793,888, or AED 877 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 1 December 2024, is AED 75,000 a year: a gross yield of 9.4% on the 2015 price, before the service charge of about AED 13,800 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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, August 2015: AED 793,888 (AED 877 per sqft)

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

Rents
Unit 221, 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 52,500 a yearRenewal, August 2020: AED 45,000 a yearRenewal, August 2021: AED 45,000 a yearRenewal, August 2022: AED 58,000 a yearNew contract, December 2023: AED 75,000 a yearNew contract, December 2024: AED 75,000 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 221 sits

All 97 2-beds →

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. 221's AED 75,000 is in the lower half 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 2nd floor

All 156 units in Safi Apartments 1A
Value
2012-bedAED 780K · Feb 2023
2023-bedAED 1.15M · Jun 2016
2032-bedAED 732K · Oct 2015
2042-bedAED 741K · Oct 2015
2052-bedAED 835K · Nov 2023
2063-bedAED 1.4M · Jan 2018
2072-bedAED 788K · Oct 2015
1–7 of 21

221, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 23 August 2015 for AED 793,888, or AED 877 per sqft.
  • Rented since August 2019 on 6 Ejari contracts. The rent fell from AED 52,500 to AED 45,000 in 2021 and recovered to AED 75,000 by December 2024.
  • At AED 75,000 a year the gross yield on the 2015 price is 9.4%, before a service charge of about AED 13,800 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 1 December 2024.

Questions about 221, Safi Apartments 1A

What did unit 221 last sell for?

AED 793,888 on 23 August 2015, sold by the developer: AED 877 per sqft for 904 sqft. It is the only registered sale of the unit.

What is the rent for unit 221?

AED 75,000 a year on the contract signed on 1 December 2024. The previous contract, from December 2023, was AED 75,000; the unit has been rented since August 2019.

How big is unit 221?

904 sqft (84.0 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 221 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 221, Safi Apartments 1A

Starts from the last sale price (AED 794K, 23 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 793,888
Deposit, UAE resident (20%)
AED 158,778
Deposit, non-resident (40%)
AED 317,555
Monthly over 25 years at 3.7%
AED 3,248

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