2-bed · 888 sqftSafi Apartments 1A, Town Square · 6th floor · completed 2018

611, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 611 · DLD and Ejari recordsUpdated 10 September 2024
Last soldAED 810K19 October 2015
Current rentAED 59K /yr10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 611, Safi Apartments 1A

What is 611 worth today?

Last sold for AED 809,888 in 2015

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10 Sep 2024RentedRenewal
AED 59,290/yr12 months · AED 67 per sqft
10 Sep 2023RentedRenewal
AED 53,900/yr12 months · AED 61 per sqft
10 Sep 2022RentedRenewal
AED 49,000/yr12 months · AED 56 per sqft
10 Sep 2021RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
10 Sep 2020RentedRenewal
AED 46,000/yr12 months · AED 52 per sqft
10 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
19 Oct 2015Sold by developerOff-plan
AED 809,888AED 912 per sqft

Source: Dubai Land Department. Updated 10 September 2024.

Key facts

Type
2-bed apartment
Size
888 sqft
Floor
6th of 7
Parking
P-332
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,600 /yr
Last sold
AED 810K · October 2015

About 611, Safi Apartments 1A

611 is a two-bedroom apartment of 888 sqft on the 6th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 October 2015 for AED 809,888, or AED 912 per sqft, 6% above the AED 859 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 10 September 2024, is AED 59,290 a year: a gross yield of 7.3% on the 2015 price, before the service charge of about AED 13,600 a year.

Sales and rents for 611 over time

Sales
Unit 611, 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 809,888 (AED 912 per sqft)

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

Rents
Unit 611, 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, September 2019: AED 50,000 a yearRenewal, September 2020: AED 46,000 a yearRenewal, September 2021: AED 45,000 a yearRenewal, September 2022: AED 49,000 a yearRenewal, September 2023: AED 53,900 a yearRenewal, September 2024: AED 59,290 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 611 sits

All 97 2-beds →

611 last sold in October 2015 at AED 912 per sqft, 6% above what two-beds in Safi Apartments 1A were fetching at the time (AED 859). 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. 611's AED 59,290 is at the bottom 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 6th floor

All 156 units in Safi Apartments 1A
Value
6012-bedAED 1.2M · Feb 2026
6023-bedAED 1.47M · Mar 2023
6032-bedAED 756K · Dec 2015
6042-bedAED 730K · May 2023
6053-bedAED 1.65M · Sep 2025
6062-bedAED 1.2M · Nov 2024
6072-bedAED 1.23M · Jan 2026
1–7 of 20

611, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 809,888, or AED 912 per sqft.
  • Rented since September 2019 on 6 Ejari contracts, from AED 50,000 to AED 59,290 a year.
  • At AED 59,290 a year the gross yield on the 2015 price is 7.3%, before a service charge of about AED 13,600 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 10 September 2024.

Questions about 611, Safi Apartments 1A

What did unit 611 last sell for?

AED 809,888 on 19 October 2015, sold by the developer: AED 912 per sqft for 888 sqft. It is the only registered sale of the unit.

What is the rent for unit 611?

AED 59,290 a year on the contract renewed on 10 September 2024. The previous contract, from September 2023, was AED 53,900; the unit has been rented since September 2019.

How big is unit 611?

888 sqft (82.5 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 611 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 611, Safi Apartments 1A

Starts from the last sale price (AED 810K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 809,888
Deposit, UAE resident (20%)
AED 161,978
Deposit, non-resident (40%)
AED 323,955
Monthly over 25 years at 3.7%
AED 3,314

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