2-bed · 882 sqftSafi Apartments 1A, Town Square · 4th floor · completed 2018

414, Safi Apartments 1A

Sold prices and rental history: sold twice, last in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 975K17 October 2024
Current rentAED 75K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Safi Apartments 1A

What is 414 worth today?

Last sold for AED 975,000 in 2024

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17 Oct 2024SoldReady
AED 975,000AED 1,105 per sqft
1 Sep 2023RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft
25 Aug 2022RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
19 Oct 2015Sold by developerOff-plan
AED 742,888AED 842 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
2-bed apartment
Size
882 sqft
Floor
4th of 7
Parking
P-348
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 975K · October 2024

About 414, Safi Apartments 1A

414 is a two-bedroom apartment of 882 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 17 October 2024 for AED 975,000, or AED 1,105 per sqft, 16% above the AED 952 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 September 2023, is AED 75,000 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 414 over time

Sales
Unit 414, 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 742,888 (AED 842 per sqft)Sold, October 2024: AED 975,000 (AED 1,105 per sqft)

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

Rents
Unit 414, 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, August 2022: AED 50,000 a yearNew contract, September 2023: AED 75,000 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 414 sits

All 97 2-beds →

414 last sold in October 2024 at AED 1,105 per sqft, 16% above what two-beds in Safi Apartments 1A were fetching at the time (AED 952). 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. 414's AED 75,000 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 4th floor

All 156 units in Safi Apartments 1A
Value
4012-bedAED 950K · Aug 2024
4023-bedAED 1.77M · Feb 2026
4032-bedAED 742K · Oct 2015
4042-bedAED 746K · Oct 2015
4052-bedAED 729K · Sep 2015
4063-bedAED 1.01M · Jul 2020
4072-bedAED 940K · Oct 2024
1–7 of 22

414, Safi Apartments 1A in numbers

  • Sold twice: first on 19 October 2015 for AED 742,888, last on 17 October 2024 for AED 975,000 (AED 1,105 per sqft).
  • Rented since August 2022 on 2 Ejari contracts, from AED 50,000 to AED 75,000 a year.
  • At AED 75,000 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 17 October 2024.

Questions about 414, Safi Apartments 1A

What did unit 414 last sell for?

AED 975,000 on 17 October 2024: AED 1,105 per sqft for 882 sqft. The unit has 2 registered sales; the first was AED 742,888 in October 2015.

What is the rent for unit 414?

AED 75,000 a year on the contract signed on 1 September 2023. The previous contract, from August 2022, was AED 50,000.

How big is unit 414?

882 sqft (81.9 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 414 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 414, Safi Apartments 1A

Starts from the last sale price (AED 975K, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

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