2-bed · 963 sqftSafi Apartments 1A, Town Square · 3rd floor · completed 2018

303, Safi Apartments 1A

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

Unit 303 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 880K22 July 2024
Current rentAED 65K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Safi Apartments 1A

What is 303 worth today?

Last sold for AED 880,000 in 2024

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22 Jul 2024SoldReady
AED 880,000AED 913 per sqft
10 Dec 2023RentedRenewal
AED 65,000/yr12 months · AED 68 per sqft
10 Sep 2023RentedRenewal
AED 54,848/yr3 months · AED 57 per sqft
10 Sep 2022RentedRenewal
AED 50,000/yr12 months · AED 52 per sqft
10 Sep 2021RentedRenewal
AED 47,500/yr12 months · AED 50 per sqft
10 Sep 2020RentedRenewal
AED 45,000/yr12 months · AED 47 per sqft
10 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
14 Sep 2015Sold by developerOff-plan
AED 736,888AED 764 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
2-bed apartment
Size
963 sqft
Floor
3rd of 7
Parking
P-362
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,700 /yr
Last sold
AED 880K · July 2024

About 303, Safi Apartments 1A

303 is a two-bedroom apartment of 963 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 22 July 2024 for AED 880,000, or AED 913 per sqft, in line with the AED 913 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 65,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 14,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, September 2015: AED 736,888 (AED 764 per sqft)Sold, July 2024: AED 880,000 (AED 913 per sqft)

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

Rents
Unit 303, 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, September 2019: AED 50,000 a yearRenewal, September 2020: AED 45,000 a yearRenewal, September 2021: AED 47,500 a yearRenewal, September 2022: AED 50,000 a yearRenewal, September 2023: AED 54,848 a yearRenewal, December 2023: AED 65,000 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 303 sits

All 97 2-beds →

303 last sold in July 2024 at AED 913 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 913). 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. 303's AED 65,000 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 3rd floor

All 156 units in Safi Apartments 1A
Value
3012-bedAED 1.18M · Oct 2026
3023-bedAED 1M · Sep 2020
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

303, Safi Apartments 1A in numbers

  • Sold twice: first on 14 September 2015 for AED 736,888, last on 22 July 2024 for AED 880,000 (AED 913 per sqft).
  • Rented since September 2019 on 6 Ejari contracts, from AED 50,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 14,700 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 22 July 2024.

Questions about 303, Safi Apartments 1A

What did unit 303 last sell for?

AED 880,000 on 22 July 2024: AED 913 per sqft for 963 sqft. The unit has 2 registered sales; the first was AED 736,888 in September 2015.

What is the rent for unit 303?

AED 65,000 a year on the contract renewed on 10 December 2023. The previous contract, from September 2023, was AED 54,848; the unit has been rented since September 2019.

How big is unit 303?

963 sqft (89.5 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 303 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 303, Safi Apartments 1A

Starts from the last sale price (AED 880K, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

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