120, Safi Apartments 1B
Sold prices and rental history: sold once, by the developer in July 2016, 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 120, Safi Apartments 1B
What is 120 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 319 sqft
- Floor
- 1st of 7
- Parking
- G-326
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 413K · July 2016
- Building
- Safi Apartments 1B
About 120, Safi Apartments 1B
120 is a studio of 319 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 24 July 2016 for AED 412,888, or AED 1,293 per sqft, 16% above the AED 1,118 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 1 August 2025, is AED 35,000 a year: a gross yield of 8.5% on the 2016 price.
Sales and rents for 120 over time
120 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 120 sits
All 22 studios →120 last sold in July 2016 at AED 1,293 per sqft, 16% above what studios in Safi Apartments 1B were fetching at the time (AED 1,118). 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. 120's AED 35,000 is in the lower 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 | ||
| 115 | Studio | 330 sqft | AED 351KAED 350,888 · Oct 2015October 2015 | 40,000 /yr | |
| 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 | |
| 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 |
120, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 24 July 2016 for AED 412,888, or AED 1,293 per sqft.
- Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 26,000 to AED 22,000 in 2021 and recovered to AED 35,000 by August 2025.
- At AED 35,000 a year the gross yield on the 2016 price is 8.5%.
- 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 1 August 2025.
Questions about 120, Safi Apartments 1B
What did unit 120 last sell for?
AED 412,888 on 24 July 2016, sold by the developer: AED 1,293 per sqft for 319 sqft. It is the only registered sale of the unit.
What is the rent for unit 120?
AED 35,000 a year on the contract signed on 1 August 2025. The previous contract, from February 2025, was AED 34,100; the unit has been rented since August 2019.
How big is unit 120?
319 sqft (29.6 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.
What is unit 120 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 120, Safi Apartments 1B
Starts from the last sale price (AED 413K, 24 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 412,888
- Deposit, UAE resident (20%)
- AED 82,578
- Deposit, non-resident (40%)
- AED 165,155
- Monthly over 25 years at 3.7%
- AED 1,689
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →