3-bed · 1,340 sqftSafi Apartments 1A, Town Square · 2nd floor · completed 2018

222, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in June 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 222 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 1.02M30 June 2020
Current rentAED 84K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 222, Safi Apartments 1A

What is 222 worth today?

Last sold for AED 1,018,888 in 2020

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15 Sep 2024RentedRenewal
AED 84,000/yr12 months · AED 62 per sqft
15 Sep 2023RentedRenewal
AED 73,500/yr12 months · AED 55 per sqft
15 Sep 2022RentedRenewal
AED 70,000/yr12 months · AED 52 per sqft
15 Sep 2021RentedRenewal
AED 65,000/yr12 months · AED 48 per sqft
15 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 48 per sqft
30 Jun 2020Sold by developerReady
AED 1,018,888AED 760 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
3-bed apartment
Size
1,340 sqft
Floor
2nd of 7
Parking
G-340
Developer
Nshmi Development
Completed
2018
Service charge
AED 20,500 /yr
Last sold
AED 1.02M · June 2020

About 222, Safi Apartments 1A

222 is a three-bedroom apartment of 1,340 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 30 June 2020 for AED 1,018,888, or AED 760 per sqft, 14% above the AED 669 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 84,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 20,500 a year.

Sales and rents for 222 over time

Sales
Unit 222, each saleTypical three-bed in Safi Apartments 1A
1M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,182,888; 2016 AED 1,171,888; 2017 AED 1,425,888; 2018 AED 1,175,388; 2020 AED 1,018,888; 2024 AED 1,450,000; 2025 AED 1,600,000; 2026 AED 1,765,000Sold by developer, June 2020: AED 1,018,888 (AED 760 per sqft)

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

Rents
Unit 222, each contractTypical three-bed in Safi Apartments 1A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 65,000; 2021 AED 68,500; 2022 AED 74,750; 2023 AED 80,000; 2024 AED 91,100; 2025 AED 110,000; 2026 AED 120,000New contract, September 2020: AED 65,000 a yearRenewal, September 2021: AED 65,000 a yearRenewal, September 2022: AED 70,000 a yearRenewal, September 2023: AED 73,500 a yearRenewal, September 2024: AED 84,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Safi Apartments 1A, and where 222 sits

All 38 3-beds →

222 last sold in June 2020 at AED 760 per sqft, 14% above what three-beds in Safi Apartments 1A were fetching at the time (AED 669). Over the last 12 months three-beds sold for AED 1,680,000 to 2,050,000, around AED 1,243 per sqft, and rent for AED 60,000 to 175,000 a year. 222's AED 84,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20261,680,000
22 May 20262,050,000
10 Feb 20261,765,000
18 Sep 20251,650,000
3 3-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

222, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 30 June 2020 for AED 1,018,888, or AED 760 per sqft.
  • Rented since September 2020 on 5 Ejari contracts, from AED 65,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 20,500 a year (AED 15.28 per sqft).
  • Three-beds in Safi Apartments 1A sold for AED 1,680,000–2,050,000 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 15 September 2024.

Questions about 222, Safi Apartments 1A

What did unit 222 last sell for?

AED 1,018,888 on 30 June 2020, sold by the developer: AED 760 per sqft for 1,340 sqft. It is the only registered sale of the unit.

What is the rent for unit 222?

AED 84,000 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 73,500; the unit has been rented since September 2020.

How big is unit 222?

1,340 sqft (124.5 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 222 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 1A sold for AED 1,680,000 to 2,050,000 in the last 12 months, around AED 1,243 per sqft.

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Mortgage on 222, Safi Apartments 1A

Starts from the last sale price (AED 1.02M, 30 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,888
Deposit, UAE resident (20%)
AED 203,778
Deposit, non-resident (40%)
AED 407,555
Monthly over 25 years at 3.7%
AED 4,169

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