3-bed · 1,419 sqftSafi Apartments 1A, Town Square · 4th floor · completed 2018

417, Safi Apartments 1A

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

Unit 417 · DLD and Ejari recordsUpdated 5 January 2024
Last soldAED 1.4M5 January 2024
Current rentAED 33K /yr17 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 417, Safi Apartments 1A

What is 417 worth today?

Last sold for AED 1,400,000 in 2024

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5 Jan 2024SoldReady
AED 1,400,000AED 986 per sqft
17 Aug 2023RentedRenewal
AED 33,000/yr12 months · AED 23 per sqft
17 Aug 2022RentedRenewal
AED 66,000/yr12 months · AED 47 per sqft
17 Aug 2021RentedRenewal
AED 60,000/yr12 months · AED 42 per sqft
17 Aug 2020RentedRenewal
AED 60,000/yr12 months · AED 42 per sqft
17 Aug 2019RentedNew contract
AED 70,000/yr12 months · AED 49 per sqft
13 Oct 2015Sold by developerOff-plan
AED 1,178,888AED 830 per sqft

Source: Dubai Land Department. Updated 5 January 2024.

Key facts

Type
3-bed apartment
Size
1,419 sqft
Floor
4th of 7
Parking
P-292
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,700 /yr
Last sold
AED 1.4M · January 2024

About 417, Safi Apartments 1A

417 is a three-bedroom apartment of 1,419 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 January 2024 for AED 1,400,000, or AED 986 per sqft, 20% above the AED 820 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 17 August 2023, is AED 33,000 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 21,700 a year.

Sales and rents for 417 over time

Sales
Unit 417, 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 1,178,888 (AED 830 per sqft)Sold, January 2024: AED 1,400,000 (AED 986 per sqft)

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

Rents
Unit 417, each contractTypical three-bed in Safi Apartments 1A
50K100K20192021202320252027Typical 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, August 2019: AED 70,000 a yearRenewal, August 2020: AED 60,000 a yearRenewal, August 2021: AED 60,000 a yearRenewal, August 2022: AED 66,000 a yearRenewal, August 2023: AED 33,000 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 417 sits

All 38 3-beds →

417 last sold in January 2024 at AED 986 per sqft, 20% above what three-beds in Safi Apartments 1A were fetching at the time (AED 820). 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. 417's AED 33,000 is at the bottom 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 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

417, Safi Apartments 1A in numbers

  • Sold twice: first on 13 October 2015 for AED 1,178,888, last on 5 January 2024 for AED 1,400,000 (AED 986 per sqft).
  • Rented since August 2019 on 5 Ejari contracts, from AED 70,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2024 price is 2.4%, 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 5 January 2024.

Questions about 417, Safi Apartments 1A

What did unit 417 last sell for?

AED 1,400,000 on 5 January 2024: AED 986 per sqft for 1,419 sqft. The unit has 2 registered sales; the first was AED 1,178,888 in October 2015.

What is the rent for unit 417?

AED 33,000 a year on the contract renewed on 17 August 2023. The previous contract, from August 2022, was AED 66,000; the unit has been rented since August 2019.

How big is unit 417?

1,419 sqft (131.8 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 417 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 417, Safi Apartments 1A

Starts from the last sale price (AED 1.4M, 5 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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