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2-bed · 928 sqftSafi Apartments 1A, Town Square · 7th floor · completed 2018

703, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in June 2016, and rented once, from July 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 23 July 2019
Last soldAED 798K27 June 2016
Current rentAED 45K /yr23 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Safi Apartments 1A

What is 703 worth today?

Last sold for AED 797,888 in 2016

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23 Jul 2019RentedNew contract
AED 45,000/yr12 months · AED 49 per sqft
27 Jun 2016Sold by developerOff-plan
AED 797,888AED 859 per sqft

Source: Dubai Land Department. Updated 23 July 2019.

Key facts

Type
2-bed apartment
Size
928 sqft
Floor
7th of 7
Parking
P-313
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,200 /yr
Last sold
AED 798K · June 2016
Building
Safi Apartments 1A

About 703, Safi Apartments 1A

703 is a two-bedroom apartment of 928 sqft on the 7th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 27 June 2016 for AED 797,888, or AED 859 per sqft, in line with the AED 856 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 July 2019. The current contract, signed on 23 July 2019, is AED 45,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 14,200 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, June 2016: AED 797,888 (AED 859 per sqft)

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

Rents
Unit 703, 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 45,000 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 703 sits

All 97 2-beds →

703 last sold in June 2016 at AED 859 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 856). 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. 703's AED 45,000 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 7th floor

All 156 units in Safi Apartments 1A
Value
7012-bedAED 850K · Oct 2015
7023-bedAED 1.25M · Oct 2015
7042-bedAED 630K · Jul 2022
7053-bedAED 1.43M · Dec 2017
7062-bedAED 818K · Oct 2015
7072-bedAED 1.05M · Feb 2025
7081-bedAED 604K · Sep 2024
1–7 of 20

703, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 27 June 2016 for AED 797,888, or AED 859 per sqft.
  • Rented since July 2019 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 14,200 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 23 July 2019.

Questions about 703, Safi Apartments 1A

What did unit 703 last sell for?

AED 797,888 on 27 June 2016, sold by the developer: AED 859 per sqft for 928 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 45,000 a year on the contract signed on 23 July 2019.

How big is unit 703?

928 sqft (86.2 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 703 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 703, Safi Apartments 1A

Starts from the last sale price (AED 798K, 27 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 797,888
Deposit, UAE resident (20%)
AED 159,578
Deposit, non-resident (40%)
AED 319,155
Monthly over 25 years at 3.7%
AED 3,264

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