3-bed · 1,408 sqftSafi Apartments 1A, Town Square · 5th floor · completed 2018

513, Safi Apartments 1A

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

Unit 513 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.5M1 November 2024
Current rentAED 80K /yr10 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 513, Safi Apartments 1A

What is 513 worth today?

Last sold for AED 1,500,000 in 2024

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1 Nov 2024SoldReady
AED 1,500,000AED 1,065 per sqft
10 Nov 2023RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
10 Nov 2022RentedRenewal
AED 74,500/yr12 months · AED 53 per sqft
10 Nov 2021RentedNew contract
AED 70,000/yr12 months · AED 50 per sqft
20 Aug 2020RentedNew contract
AED 63,000/yr12 months · AED 45 per sqft
1 Jul 2019RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
19 Oct 2015Sold by developerOff-plan
AED 1,193,888AED 848 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
3-bed apartment
Size
1,408 sqft
Floor
5th of 7
Parking
G-225
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,500 /yr
Last sold
AED 1.5M · November 2024

About 513, Safi Apartments 1A

513 is a three-bedroom apartment of 1,408 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 1 November 2024 for AED 1,500,000, or AED 1,065 per sqft, 7% above the AED 994 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 10 November 2023, is AED 80,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 21,500 a year.

Sales and rents for 513 over time

Sales
Unit 513, 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 1,193,888 (AED 848 per sqft)Sold, November 2024: AED 1,500,000 (AED 1,065 per sqft)

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

Rents
Unit 513, each contractTypical three-bed in Safi Apartments 1A
100K20192021202320252027Typical 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, July 2019: AED 75,000 a yearNew contract, August 2020: AED 63,000 a yearNew contract, November 2021: AED 70,000 a yearRenewal, November 2022: AED 74,500 a yearRenewal, November 2023: AED 80,000 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 513 sits

All 38 3-beds →

513 last sold in November 2024 at AED 1,065 per sqft, 7% above what three-beds in Safi Apartments 1A were fetching at the time (AED 994). 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. 513's AED 80,000 is in the lower half 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 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

513, Safi Apartments 1A in numbers

  • Sold twice: first on 19 October 2015 for AED 1,193,888, last on 1 November 2024 for AED 1,500,000 (AED 1,065 per sqft).
  • Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 63,000 in 2020 and recovered to AED 80,000 by November 2023.
  • At AED 80,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 21,500 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 1 November 2024.

Questions about 513, Safi Apartments 1A

What did unit 513 last sell for?

AED 1,500,000 on 1 November 2024: AED 1,065 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,193,888 in October 2015.

What is the rent for unit 513?

AED 80,000 a year on the contract renewed on 10 November 2023. The previous contract, from November 2022, was AED 74,500; the unit has been rented since July 2019.

How big is unit 513?

1,408 sqft (130.8 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 513 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 513, Safi Apartments 1A

Starts from the last sale price (AED 1.5M, 1 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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