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2-bed · 1,002 sqftSafi Apartments 1A, Town Square · 3rd floor · completed 2018

308, Safi Apartments 1A

Sold prices and rental history: sold twice, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 18 May 2023
Last soldAED 840K18 May 2023
Current rentAED 54K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Safi Apartments 1A

What is 308 worth today?

Last sold for AED 840,000 in 2023

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18 May 2023SoldReady
AED 840,000AED 838 per sqft
1 Mar 2022RentedRenewal
AED 54,000/yr12 months · AED 54 per sqft
1 Mar 2021RentedNew contract
AED 54,000/yr12 months · AED 54 per sqft
19 Oct 2015Sold by developerOff-plan
AED 815,888AED 814 per sqft

Source: Dubai Land Department. Updated 18 May 2023.

Key facts

Type
2-bed apartment
Size
1,002 sqft
Floor
3rd of 7
Parking
P-366
Developer
Nshmi Development
Completed
2018
Service charge
AED 15,300 /yr
Last sold
AED 840K · May 2023
Building
Safi Apartments 1A

About 308, Safi Apartments 1A

308 is a two-bedroom apartment of 1,002 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 18 May 2023 for AED 840,000, or AED 838 per sqft, in line with the AED 832 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 54,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 15,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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 814 per sqft)Sold, May 2023: AED 840,000 (AED 838 per sqft)

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

Rents
Unit 308, 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, March 2021: AED 54,000 a yearRenewal, March 2022: AED 54,000 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 308 sits

All 97 2-beds →

308 last sold in May 2023 at AED 838 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 832). 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. 308's AED 54,000 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 3rd floor

All 156 units in Safi Apartments 1A
Value
3012-bedAED 1.18M · Oct 2026
3023-bedAED 1M · Sep 2020
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
1–7 of 22

308, Safi Apartments 1A in numbers

  • Sold twice: first on 19 October 2015 for AED 815,888, last on 18 May 2023 for AED 840,000 (AED 838 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, at AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 15,300 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 18 May 2023.

Questions about 308, Safi Apartments 1A

What did unit 308 last sell for?

AED 840,000 on 18 May 2023: AED 838 per sqft for 1,002 sqft. The unit has 2 registered sales; the first was AED 815,888 in October 2015.

What is the rent for unit 308?

AED 54,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 54,000.

How big is unit 308?

1,002 sqft (93.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 308 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 308, Safi Apartments 1A

Starts from the last sale price (AED 840K, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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