408, Safi Apartments 1A
Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Safi Apartments 1A
What is 408 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 883 sqft
- Floor
- 4th of 7
- Parking
- P-238
- Developer
- Nshmi Development
- Completed
- 2018
- Service charge
- AED 13,500 /yr
- Last sold
- AED 910K · September 2024
- Building
- Safi Apartments 1A
About 408, Safi Apartments 1A
408 is a two-bedroom apartment of 883 sqft on the 4th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 5 September 2024 for AED 910,000, or AED 1,030 per sqft, 11% above the AED 927 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 23 September 2023, is AED 70,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 13,500 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the two-bed median of each year in the building.
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 408 sits
All 97 2-beds →408 last sold in September 2024 at AED 1,030 per sqft, 11% above what two-beds in Safi Apartments 1A were fetching at the time (AED 927). 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. 408's AED 70,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 883 sqft | 1,075,000 | 1,217 | ||
| 26 Oct 202626 October 2026 | 937 sqft | 1,175,000 | 1,254 | ||
| 10 Sep 202610 September 2026 | 1,002 sqft | 1,200,000 | 1,197 | ||
| 3 Jun 20263 June 2026 | 928 sqft | 1,025,000 | 1,104 |
Safi Apartments 1A
Building156 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%
Other units on the 4th floor
All 156 units in Safi Apartments 1A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 937 sqft | AED 950KAED 950,000 · Aug 2024August 2024 | 50,000 /yr | |
| 402 | 3-bed | 1,419 sqft | AED 1.77MAED 1,765,000 · Feb 2026February 2026 | ||
| 403 | 2-bed | 964 sqft | AED 742KAED 741,888 · Oct 2015October 2015 | ||
| 404 | 2-bed | 931 sqft | AED 746KAED 745,888 · Oct 2015October 2015 | 80,083 /yr | |
| 405 | 2-bed | 882 sqft | AED 729KAED 728,888 · Sep 2015September 2015 | 75,000 /yr | |
| 406 | 3-bed | 1,408 sqft | AED 1.01MAED 1,010,888 · Jul 2020July 2020 | 129,305 /yr | |
| 407 | 2-bed | 881 sqft | AED 940KAED 940,000 · Oct 2024October 2024 | 70,000 /yr | |
| 409 | 1-bed | 691 sqft | AED 700KAED 700,000 · Apr 2025April 2025 | 50,000 /yr | |
| 410 | 1-bed | 692 sqft | AED 850KAED 850,000 · Oct 2026October 2026 | 37,500 /yr | |
| 411 | 2-bed | 883 sqft | AED 1.08MAED 1,075,000 · Nov 2026November 2026 | 82,000 /yr | |
| 412 | 2-bed | 881 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 76,000 /yr | |
| 413 | 3-bed | 1,408 sqft | AED 1.19MAED 1,186,888 · Oct 2015October 2015 | 125,000 /yr | |
| 414 | 2-bed | 882 sqft | AED 975KAED 975,000 · Oct 2024October 2024 | 75,000 /yr | |
| 415 | 2-bed | 931 sqft | AED 1.08MAED 1,075,000 · Dec 2025December 2025 | 80,000 /yr | |
| 416 | 2-bed | 964 sqft | AED 757KAED 756,888 · Oct 2015October 2015 | 80,040 /yr | |
| 417 | 3-bed | 1,419 sqft | AED 1.4MAED 1,400,000 · Jan 2024January 2024 | 33,000 /yr | |
| 418 | 2-bed | 937 sqft | AED 1.2MAED 1,200,000 · Dec 2025December 2025 | ||
| 419 | 1-bed | 573 sqft | AED 526KAED 525,888 · Sep 2015September 2015 | 50,000 /yr | |
| 420 | 2-bed | 977 sqft | AED 816KAED 815,888 · Oct 2015October 2015 | 80,000 /yr | |
| 421 | 2-bed | 1,040 sqft | AED 750KAED 750,000 · Nov 2019November 2019 | 87,500 /yr | |
| 422 | 2-bed | 905 sqft | AED 700KAED 700,000 · Jun 2019June 2019 | 80,000 /yr | |
| 423 | 3-bed | 1,340 sqft | AED 1.13MAED 1,132,888 · Oct 2015October 2015 | 80,042 /yr |
408, Safi Apartments 1A in numbers
- Sold twice: first on 19 October 2015 for AED 798,888, last on 5 September 2024 for AED 910,000 (AED 1,030 per sqft).
- Rented since October 2019 on 4 Ejari contracts, from AED 52,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 13,500 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 5 September 2024.
Questions about 408, Safi Apartments 1A
What did unit 408 last sell for?
AED 910,000 on 5 September 2024: AED 1,030 per sqft for 883 sqft. The unit has 2 registered sales; the first was AED 798,888 in October 2015.
What is the rent for unit 408?
AED 70,000 a year on the contract signed on 23 September 2023. The previous contract, from September 2022, was AED 50,000; the unit has been rented since October 2019.
How big is unit 408?
883 sqft (82.0 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.
What is unit 408 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 408, Safi Apartments 1A
Starts from the last sale price (AED 910K, 5 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 910,000
- Deposit, UAE resident (20%)
- AED 182,000
- Deposit, non-resident (40%)
- AED 364,000
- Monthly over 25 years at 3.7%
- AED 3,723
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →