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3-bed · 2,257 sqftSafi Apartments 1B, Town Square · 1st floor · completed 2018

123, Safi Apartments 1B

Sold prices and rental history: sold twice, last in May 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 30 May 2024
Last soldAED 1.6M30 May 2024
Current rentAED 120K /yr31 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Safi Apartments 1B

What is 123 worth today?

Last sold for AED 1,600,000 in 2024

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30 May 2024SoldReady
AED 1,600,000AED 708 per sqft
31 Mar 2024RentedRenewal
AED 120,254/yr8 months · AED 53 per sqft
31 Mar 2023RentedNew contract
AED 120,000/yr12 months · AED 53 per sqft
2 Jul 2018Sold by developerOff-plan
AED 1,592,888AED 705 per sqft

Source: Dubai Land Department. Updated 30 May 2024.

Key facts

Type
3-bed apartment
Size
2,257 sqft
Floor
1st of 7
Parking
P-471
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.6M · May 2024
Building
Safi Apartments 1B

About 123, Safi Apartments 1B

123 is a three-bedroom apartment of 2,257 sqft on the 1st floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 30 May 2024 for AED 1,600,000, or AED 708 per sqft, 15% below the AED 831 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 31 March 2024, is AED 120,254 a year: a gross yield of 7.5% on the 2024 price.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical three-bed in Safi Apartments 1B
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,164,888; 2017 AED 1,341,888; 2018 AED 1,399,888; 2020 AED 1,025,888; 2021 AED 937,500; 2023 AED 1,150,000; 2024 AED 1,360,000; 2025 AED 1,780,000Sold by developer, July 2018: AED 1,592,888 (AED 705 per sqft)Sold, May 2024: AED 1,600,000 (AED 708 per sqft)

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

Rents
Unit 123, each contractTypical three-bed in Safi Apartments 1B
100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 64,500; 2021 AED 68,000; 2022 AED 74,775; 2023 AED 84,500; 2024 AED 108,000; 2025 AED 120,000; 2026 AED 125,000New contract, March 2023: AED 120,000 a yearRenewal, March 2024: AED 120,254 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Safi Apartments 1B, and where 123 sits

All 37 3-beds →

123 last sold in May 2024 at AED 708 per sqft, 15% below what three-beds in Safi Apartments 1B were fetching at the time (AED 831). Over the last 12 months three-beds sold for AED 1,660,000 to 1,800,000, around AED 1,253 per sqft, and rent for AED 114,000 to 220,000 a year. 123's AED 120,254 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 May 20261,800,000
4 Feb 20261,660,000
11 Jul 20251,780,000
13 May 20251,590,000
2 3-bed sales in the last 12 months

Safi Apartments 1B

Building

181 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%
Safi Apartments 1B, Town Square: prices, sales and rents →

Other units on the 1st floor

All 181 units in Safi Apartments 1B
Value
1012-bedAED 995K · May 2017
1023-bedAED 1.78M · Jul 2025
1032-bedAED 900K · Oct 2015
1042-bedAED 821K · Jul 2020
105StudioAED 350K · Jun 2023
1061-bedAED 650K · Oct 2015
1073-bedAED 580K · Sep 2022
1–7 of 27

123, Safi Apartments 1B in numbers

  • Sold twice: first on 2 July 2018 for AED 1,592,888, last on 30 May 2024 for AED 1,600,000 (AED 708 per sqft).
  • Rented since March 2023 on 2 Ejari contracts, from AED 120,000 to AED 120,254 a year.
  • At AED 120,254 a year the gross yield on the 2024 price is 7.5%.
  • Three-beds in Safi Apartments 1B sold for AED 1,660,000–1,800,000 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 May 2024.

Questions about 123, Safi Apartments 1B

What did unit 123 last sell for?

AED 1,600,000 on 30 May 2024: AED 708 per sqft for 2,257 sqft. The unit has 2 registered sales; the first was AED 1,592,888 in July 2018.

What is the rent for unit 123?

AED 120,254 a year on the contract renewed on 31 March 2024. The previous contract, from March 2023, was AED 120,000.

How big is unit 123?

2,257 sqft (209.7 sqm): a three-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 123 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 1B sold for AED 1,660,000 to 1,800,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 123, Safi Apartments 1B

Starts from the last sale price (AED 1.6M, 30 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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