2-bed · 883 sqftSafi Apartments 1A, Town Square · 5th floor · completed 2018

508, Safi Apartments 1A

Sold prices and rental history: sold twice, last in January 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 16 January 2020
Last soldAED 620K16 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Safi Apartments 1A

What is 508 worth today?

Last sold for AED 620,000 in 2020

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16 Jan 2020SoldReady
AED 620,000AED 702 per sqft
15 Sep 2015Sold by developerOff-plan
AED 803,888AED 910 per sqft

Source: Dubai Land Department. Updated 16 January 2020.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
5th of 7
Parking
P-330
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 620K · January 2020

About 508, Safi Apartments 1A

508 is a two-bedroom apartment of 883 sqft on the 5th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 16 January 2020 for AED 620,000, or AED 702 per sqft, in line with the AED 702 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, 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 803,888 (AED 910 per sqft)Sold, January 2020: AED 620,000 (AED 702 per sqft)

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

Rents
Unit 508, 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 80,000

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 508 sits

All 97 2-beds →

508 last sold in January 2020 at AED 702 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 702). 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.

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 5th floor

All 156 units in Safi Apartments 1A
Value
5012-bedAED 834K · Oct 2015
5023-bedAED 1.19M · Oct 2015
5032-bedAED 747K · Oct 2015
5042-bedAED 850K · Apr 2024
5052-bedAED 734K · Sep 2015
5063-bedAED 1.4M · Oct 2024
5072-bedAED 613K · Aug 2019
1–7 of 22

508, Safi Apartments 1A in numbers

  • Sold twice: first on 15 September 2015 for AED 803,888, last on 16 January 2020 for AED 620,000 (AED 702 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 16 January 2020.

Questions about 508, Safi Apartments 1A

What did unit 508 last sell for?

AED 620,000 on 16 January 2020: AED 702 per sqft for 883 sqft. The unit has 2 registered sales; the first was AED 803,888 in September 2015.

How big is unit 508?

883 sqft (82.0 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 508 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 508, Safi Apartments 1A

Starts from the last sale price (AED 620K, 16 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

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