3-bed · 1,419 sqftSafi Apartments 1B, Town Square · 2nd floor · completed 2018

202, Safi Apartments 1B

Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 10 December 2024
Last soldAED 1.65M10 December 2024
Current rentAED 74K /yr4 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Safi Apartments 1B

What is 202 worth today?

Last sold for AED 1,650,000 in 2024

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10 Dec 2024SoldReady
AED 1,650,000AED 1,162 per sqft
17 Oct 2023SoldReady
AED 1,390,000AED 979 per sqft
4 Mar 2023RentedRenewal
AED 73,920/yr6 months · AED 52 per sqft
4 Mar 2022RentedRenewal
AED 70,400/yr12 months · AED 50 per sqft
4 Mar 2021RentedNew contract
AED 64,000/yr12 months · AED 45 per sqft
1 May 2020RentedRenewal
AED 71,500/yr12 months · AED 51 per sqft
1 May 2019RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
13 Oct 2015Sold by developerOff-plan
AED 1,164,888AED 820 per sqft

Source: Dubai Land Department. Updated 10 December 2024.

Key facts

Type
3-bed apartment
Size
1,419 sqft
Floor
2nd of 7
Parking
P-421
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.65M · December 2024

About 202, Safi Apartments 1B

202 is a three-bedroom apartment of 1,419 sqft on the 2nd floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 10 December 2024 for AED 1,650,000, or AED 1,162 per sqft, 20% above the AED 965 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 4 March 2023, is AED 73,920 a year: a gross yield of 4.5% on the 2024 price.

Sales and rents for 202 over time

Sales
Unit 202, 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, October 2015: AED 1,164,888 (AED 820 per sqft)Sold, October 2023: AED 1,390,000 (AED 979 per sqft)Sold, December 2024: AED 1,650,000 (AED 1,162 per sqft)

202 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 202, 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, May 2019: AED 75,000 a yearRenewal, May 2020: AED 71,500 a yearNew contract, March 2021: AED 64,000 a yearRenewal, March 2022: AED 70,400 a yearRenewal, March 2023: AED 73,920 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 202 sits

All 37 3-beds →

202 last sold in December 2024 at AED 1,162 per sqft, 20% above what three-beds in Safi Apartments 1B were fetching at the time (AED 965). 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. 202's AED 73,920 is at the bottom 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 2nd floor

All 181 units in Safi Apartments 1B
Value
2012-bedAED 819K · Oct 2015
2031-bedAED 740K · Oct 2024
2041-bedAED 470K · Sep 2019
2051-bedAED 600K · Oct 2015
206StudioAED 419K · Jan 2016
2071-bedAED 550K · Sep 2015
2083-bedAED 1.11M · Oct 2015
1–7 of 25

202, Safi Apartments 1B in numbers

  • Sold 3 times: first on 13 October 2015 for AED 1,164,888, last on 10 December 2024 for AED 1,650,000 (AED 1,162 per sqft).
  • Rented since May 2019 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 64,000 in 2021 and recovered to AED 73,920 by March 2023.
  • At AED 73,920 a year the gross yield on the 2024 price is 4.5%.
  • 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 10 December 2024.

Questions about 202, Safi Apartments 1B

What did unit 202 last sell for?

AED 1,650,000 on 10 December 2024: AED 1,162 per sqft for 1,419 sqft. The unit has 3 registered sales; the first was AED 1,164,888 in October 2015.

What is the rent for unit 202?

AED 73,920 a year on the contract renewed on 4 March 2023. The previous contract, from March 2022, was AED 70,400; the unit has been rented since May 2019.

How big is unit 202?

1,419 sqft (131.8 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 202 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 202, Safi Apartments 1B

Starts from the last sale price (AED 1.65M, 10 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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