Home
Dubai prices
About
Blog
2-bed · 883 sqftSafi Apartments 1A, Town Square · 5th floor · completed 2018

511, Safi Apartments 1A

Sold prices and rental history: sold 3 times, last in August 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 28 August 2023
Last soldAED 850K7 August 2023
Current rentAED 70K /yr28 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 511

Property timeline for 511, Safi Apartments 1A

What is 511 worth today?

Last sold for AED 850,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Aug 2023RentedNew contract
AED 70,000/yr12 months · AED 79 per sqft
7 Aug 2023SoldReady
AED 850,000AED 963 per sqft
7 Dec 2020SoldReady
AED 665,000AED 753 per sqft
25 Jul 2019RentedNew contract
AED 52,000/yr12 months · AED 59 per sqft
19 Oct 2015Sold by developerOff-plan
AED 808,888AED 916 per sqft

Source: Dubai Land Department. Updated 28 August 2023.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
5th of 7
Parking
P-338
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 850K · August 2023
Building
Safi Apartments 1A

About 511, Safi Apartments 1A

511 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 7 August 2023 for AED 850,000, or AED 963 per sqft, 15% above the AED 838 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 28 August 2023, is AED 70,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 13,500 a year.

Sales and rents for 511 over time

Sales
Unit 511, 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 808,888 (AED 916 per sqft)Sold, December 2020: AED 665,000 (AED 753 per sqft)Sold, August 2023: AED 850,000 (AED 963 per sqft)

511 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 511, 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, July 2019: AED 52,000 a yearNew contract, August 2023: AED 70,000 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 511 sits

All 97 2-beds →

511 last sold in August 2023 at AED 963 per sqft, 15% above what two-beds in Safi Apartments 1A were fetching at the time (AED 838). 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. 511's AED 70,000 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 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

511, Safi Apartments 1A in numbers

  • Sold 3 times: first on 19 October 2015 for AED 808,888, last on 7 August 2023 for AED 850,000 (AED 963 per sqft).
  • Rented since July 2019 on 2 Ejari contracts, from AED 52,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 8.2%, 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 28 August 2023.

Questions about 511, Safi Apartments 1A

What did unit 511 last sell for?

AED 850,000 on 7 August 2023: AED 963 per sqft for 883 sqft. The unit has 3 registered sales; the first was AED 808,888 in October 2015.

What is the rent for unit 511?

AED 70,000 a year on the contract signed on 28 August 2023. The previous contract, from July 2019, was AED 52,000.

How big is unit 511?

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

What is unit 511 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.

Selling 511? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 511, Safi Apartments 1A

Starts from the last sale price (AED 850K, 7 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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