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2-bed · 1,041 sqftSafi Apartments 1A, Town Square · 7th floor · completed 2018

719, Safi Apartments 1A

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

Unit 719 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 980K20 May 2024
Current rentAED 58K /yr28 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 719, Safi Apartments 1A

What is 719 worth today?

Last sold for AED 980,000 in 2024

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20 May 2024SoldReady
AED 980,000AED 941 per sqft
28 May 2023RentedRenewal
AED 57,750/yr12 months · AED 55 per sqft
28 May 2022RentedNew contract
AED 55,000/yr12 months · AED 53 per sqft
5 Nov 2021RentedRenewal
AED 48,000/yr6 months · AED 46 per sqft
5 Jan 2021RentedRenewal
AED 48,000/yr10 months · AED 46 per sqft
5 Oct 2020RentedRenewal
AED 60,000/yr3 months · AED 57 per sqft
5 May 2020RentedRenewal
AED 60,000/yr5 months · AED 57 per sqft
5 May 2019RentedNew contract
AED 65,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
2-bed apartment
Size
1,041 sqft
Floor
7th of 7
Parking
P-308
Developer
Nshmi Development
Completed
2018
Service charge
AED 15,900 /yr
Last sold
AED 980K · May 2024
Building
Safi Apartments 1A

About 719, Safi Apartments 1A

719 is a two-bedroom apartment of 1,041 sqft on the 7th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 20 May 2024 for AED 980,000, or AED 941 per sqft, in line with the AED 927 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 28 May 2023, is AED 57,750 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 15,900 a year.

Sales and rents for 719 over time

Sales
Unit 719, 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 937,888 (AED 901 per sqft)Sold, May 2024: AED 980,000 (AED 941 per sqft)

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

Rents
Unit 719, 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, May 2019: AED 65,000 a yearRenewal, May 2020: AED 60,000 a yearRenewal, October 2020: AED 60,000 a yearRenewal, January 2021: AED 48,000 a yearRenewal, November 2021: AED 48,000 a yearNew contract, May 2022: AED 55,000 a yearRenewal, May 2023: AED 57,750 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 719 sits

All 97 2-beds →

719 last sold in May 2024 at AED 941 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 927). 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. 719's AED 57,750 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
7032-bedAED 798K · Jun 2016
7042-bedAED 630K · Jul 2022
7053-bedAED 1.43M · Dec 2017
7062-bedAED 818K · Oct 2015
7072-bedAED 1.05M · Feb 2025
1–7 of 20

719, Safi Apartments 1A in numbers

  • Sold twice: first on 28 October 2015 for AED 937,888, last on 20 May 2024 for AED 980,000 (AED 941 per sqft).
  • Rented since May 2019 on 7 Ejari contracts. The rent fell from AED 65,000 to AED 48,000 in 2021 and recovered to AED 57,750 by May 2023.
  • At AED 57,750 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 15,900 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 20 May 2024.

Questions about 719, Safi Apartments 1A

What did unit 719 last sell for?

AED 980,000 on 20 May 2024: AED 941 per sqft for 1,041 sqft. The unit has 2 registered sales; the first was AED 937,888 in October 2015.

What is the rent for unit 719?

AED 57,750 a year on the contract renewed on 28 May 2023. The previous contract, from May 2022, was AED 55,000; the unit has been rented since May 2019.

How big is unit 719?

1,041 sqft (96.7 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 719 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 719, Safi Apartments 1A

Starts from the last sale price (AED 980K, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 980,000
Deposit, UAE resident (20%)
AED 196,000
Deposit, non-resident (40%)
AED 392,000
Monthly over 25 years at 3.7%
AED 4,009

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