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3-bed · 1,419 sqftSafi Apartments 1A, Town Square · 3rd floor · completed 2018

302, Safi Apartments 1A

Sold prices and rental history: sold 3 times, last in September 2020, and rented once, from June 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 16 September 2020
Last soldAED 1M16 September 2020
Current rentAED 65K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Safi Apartments 1A

What is 302 worth today?

Last sold for AED 1,000,000 in 2020

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16 Sep 2020SoldReady
AED 1,000,000AED 704 per sqft
1 Jun 2020RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
1 Nov 2018SoldOff-plan
AED 1,171,888AED 825 per sqft
19 Oct 2015Sold by developerOff-plan
AED 1,171,888AED 825 per sqft

Source: Dubai Land Department. Updated 16 September 2020.

Key facts

Type
3-bed apartment
Size
1,419 sqft
Floor
3rd of 7
Parking
P-278
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,700 /yr
Last sold
AED 1M · September 2020
Building
Safi Apartments 1A

About 302, Safi Apartments 1A

302 is a three-bedroom apartment of 1,419 sqft on the 3rd floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 16 September 2020 for AED 1,000,000, or AED 704 per sqft, in line with the AED 711 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2020. The current contract, signed on 1 June 2020, is AED 65,000 a year: a gross yield of 6.5% on the 2020 price, before the service charge of about AED 21,700 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, October 2015: AED 1,171,888 (AED 825 per sqft)Sold, November 2018: AED 1,171,888 (AED 825 per sqft)Sold, September 2020: AED 1,000,000 (AED 704 per sqft)

302 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 302, 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, June 2020: AED 65,000 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 302 sits

All 38 3-beds →

302 last sold in September 2020 at AED 704 per sqft, in line with what three-beds in Safi Apartments 1A were fetching at the time (AED 711). 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. 302's AED 65,000 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 3rd floor

All 156 units in Safi Apartments 1A
Value
3012-bedAED 1.18M · Oct 2026
3032-bedAED 880K · Jul 2024
3042-bedAED 826K · Apr 2024
3052-bedAED 650K · Jun 2021
3063-bedAED 1.4M · Feb 2025
3072-bedAED 650K · May 2021
3082-bedAED 840K · May 2023
1–7 of 22

302, Safi Apartments 1A in numbers

  • Sold 3 times: first on 19 October 2015 for AED 1,171,888, last on 16 September 2020 for AED 1,000,000 (AED 704 per sqft).
  • Rented since June 2020 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2020 price is 6.5%, before a service charge of about AED 21,700 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 16 September 2020.

Questions about 302, Safi Apartments 1A

What did unit 302 last sell for?

AED 1,000,000 on 16 September 2020: AED 704 per sqft for 1,419 sqft. The unit has 3 registered sales; the first was AED 1,171,888 in October 2015.

What is the rent for unit 302?

AED 65,000 a year on the contract signed on 1 June 2020.

How big is unit 302?

1,419 sqft (131.8 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 302 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 302, Safi Apartments 1A

Starts from the last sale price (AED 1M, 16 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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