115, Safi Apartments 1B
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.
Property timeline for 115, Safi Apartments 1B
What is 115 worth today?
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Source: Dubai Land Department. Updated 30 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 330 sqft
- Floor
- 1st of 7
- Parking
- G-320
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 351K · October 2015
- Building
- Safi Apartments 1B
About 115, Safi Apartments 1B
115 is a studio of 330 sqft on the 1st floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 October 2015 for AED 350,888, or AED 1,062 per sqft, 5% below the AED 1,117 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 30 October 2025, is AED 40,000 a year: a gross yield of 11.4% on the 2015 price.
Sales and rents for 115 over time
115 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safi Apartments 1B, and where 115 sits
All 22 studios →115 last sold in October 2015 at AED 1,062 per sqft, 5% below what studios in Safi Apartments 1B were fetching at the time (AED 1,117). Over the last 12 months studios sold for AED 525,000 to 528,000, around AED 1,631 per sqft, and rent for AED 30,000 to 42,000 a year. 115's AED 40,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Mar 202623 March 2026 | 319 sqft | 525,000 | 1,645 | ||
| 16 Mar 202616 March 2026 | 327 sqft | 528,000 | 1,616 | ||
| 18 Sep 202518 September 2025 | 327 sqft | 450,000 | 1,377 | ||
| 24 Jul 202524 July 2025 | 330 sqft | 390,000 | 1,181 |
Safi Apartments 1B
Building181 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 14 sold in the last 12 months.
- Typical price per sqft
- AED 1,276 Up 8.0%
- Typical sale
- AED 1.2M
- Typical rent
- AED 64K /yr
- Typical yield
- 7.1%
Other units on the 1st floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,391 sqft | AED 995KAED 994,888 · May 2017May 2017 | 90,000 /yr | |
| 102 | 3-bed | 2,257 sqft | AED 1.78MAED 1,780,000 · Jul 2025July 2025 | 117,342 /yr | |
| 103 | 2-bed | 1,584 sqft | AED 900KAED 899,888 · Oct 2015October 2015 | 80,000 /yr | |
| 104 | 2-bed | 929 sqft | AED 821KAED 820,888 · Jul 2020July 2020 | 80,000 /yr | |
| 105 | Studio | 319 sqft | AED 350KAED 350,000 · Jun 2023June 2023 | 40,020 /yr | |
| 106 | 1-bed | 848 sqft | AED 650KAED 649,888 · Oct 2015October 2015 | 60,000 /yr | |
| 107 | 3-bed | 1,431 sqft | AED 580KAED 580,000 · Sep 2022September 2022 | 70,000 /yr | |
| 108 | 2-bed | 1,070 sqft | AED 819KAED 818,888 · Oct 2015October 2015 | 68,000 /yr | |
| 109 | Studio | 331 sqft | AED 325KAED 325,000 · May 2022May 2022 | 31,973 /yr | |
| 110 | Studio | 330 sqft | AED 390KAED 390,000 · Jul 2025July 2025 | 42,000 /yr | |
| 111 | Studio | 330 sqft | AED 285KAED 285,000 · Sep 2022September 2022 | 39,893 /yr | |
| 112 | Studio | 334 sqft | AED 373KAED 372,888 · Oct 2015October 2015 | 36,000 /yr | |
| 113 | Studio | 327 sqft | AED 528KAED 528,000 · Mar 2026March 2026 | 38,500 /yr | |
| 114 | Studio | 320 sqft | AED 350KAED 350,000 · Nov 2019November 2019 | ||
| 116 | Studio | 331 sqft | AED 460KAED 460,000 · Mar 2024March 2024 | 35,000 /yr | |
| 117 | 2-bed | 1,070 sqft | AED 819KAED 818,888 · Oct 2015October 2015 | 70,000 /yr | |
| 118 | 3-bed | 1,431 sqft | AED 1.19MAED 1,190,000 · Apr 2024April 2024 | 69,300 /yr | |
| 119 | 1-bed | 844 sqft | AED 620KAED 619,888 · Oct 2015October 2015 | 59,000 /yr | |
| 120 | Studio | 319 sqft | AED 413KAED 412,888 · Jul 2016July 2016 | 35,000 /yr | |
| 121 | 2-bed | 929 sqft | AED 753KAED 752,888 · Feb 2016February 2016 | 75,000 /yr | |
| 122 | 2-bed | 1,569 sqft | AED 910KAED 909,888 · Aug 2016August 2016 | 90,000 /yr | |
| 123 | 3-bed | 2,257 sqft | AED 1.6MAED 1,600,000 · May 2024May 2024 | 120,254 /yr | |
| 124 | 2-bed | 1,391 sqft | AED 978KAED 977,888 · Oct 2015October 2015 | 64,033 /yr | |
| 125 | 3-bed | 1,767 sqft | AED 1.3MAED 1,299,888 · Oct 2015October 2015 | 130,000 /yr | |
| 126 | 2-bed | 1,456 sqft | AED 864KAED 863,888 · Dec 2019December 2019 | 66,150 /yr | |
| 127 | 2-bed | 1,470 sqft | AED 1.3MAED 1,300,000 · Nov 2024November 2024 | 105,000 /yr | |
| 128 | 3-bed | 1,769 sqft | AED 1.3MAED 1,299,888 · Oct 2015October 2015 | 120,000 /yr |
115, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 19 October 2015 for AED 350,888, or AED 1,062 per sqft.
- Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 26,000 to AED 20,000 in 2021 and recovered to AED 40,000 by October 2025.
- At AED 40,000 a year the gross yield on the 2015 price is 11.4%.
- Studios in Safi Apartments 1B sold for AED 525,000–528,000 in the 12 months to November 2026; the building's median across all types is AED 1,276 per sqft.
Source: Dubai Land Department. Updated 30 October 2025.
Questions about 115, Safi Apartments 1B
What did unit 115 last sell for?
AED 350,888 on 19 October 2015, sold by the developer: AED 1,062 per sqft for 330 sqft. It is the only registered sale of the unit.
What is the rent for unit 115?
AED 40,000 a year on the contract renewed on 30 October 2025. The previous contract, from November 2024, was AED 36,195; the unit has been rented since August 2019.
How big is unit 115?
330 sqft (30.7 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.
What is unit 115 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safi Apartments 1B sold for AED 525,000 to 528,000 in the last 12 months, around AED 1,631 per sqft.
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Mortgage on 115, Safi Apartments 1B
Starts from the last sale price (AED 351K, 19 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 350,888
- Deposit, UAE resident (20%)
- AED 70,178
- Deposit, non-resident (40%)
- AED 140,355
- Monthly over 25 years at 3.7%
- AED 1,436
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →