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1-bed · 687 sqftSafi Apartments 1B, Town Square · 3rd floor · completed 2018

312, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 15 August 2026
Last soldAED 611K12 May 2016
Current rentAED 50K /yr15 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Safi Apartments 1B

What is 312 worth today?

Last sold for AED 610,888 in 2016

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15 Aug 2026RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
15 Feb 2025RentedNew contract
AED 45,480/yr12 months · AED 66 per sqft
15 Feb 2024RentedRenewal
AED 40,480/yr12 months · AED 59 per sqft
15 Feb 2023RentedRenewal
AED 36,800/yr12 months · AED 53 per sqft
15 Feb 2022RentedNew contract
AED 32,000/yr12 months · AED 46 per sqft
25 Oct 2021RentedNew contract
AED 32,000/yr12 months · AED 46 per sqft
1 Jun 2020RentedRenewal
AED 36,000/yr12 months · AED 52 per sqft
1 Jun 2019RentedNew contract
AED 45,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 15 August 2026.

Key facts

Type
1-bed apartment
Size
687 sqft
Floor
3rd of 7
Parking
G-313
Developer
Nshmi Development
Completed
2018
Last sold
AED 611K · May 2016
Building
Safi Apartments 1B

About 312, Safi Apartments 1B

312 is a one-bedroom apartment of 687 sqft on the 3rd floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 12 May 2016 for AED 610,888, or AED 888 per sqft, in line with the AED 904 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 15 August 2026, is AED 50,000 a year: a gross yield of 8.2% on the 2016 price.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical one-bed in Safi Apartments 1B
400K600K2015201820212024Typical sale price by year: 2015 AED 567,888; 2016 AED 582,888; 2019 AED 540,000; 2021 AED 417,434; 2023 AED 499,000; 2024 AED 715,000; 2025 AED 737,500Sold by developer, May 2016: AED 610,888 (AED 888 per sqft)

312 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 312, each contractTypical one-bed in Safi Apartments 1B
40K60K201920222025Typical rent by year: 2019 AED 38,000; 2020 AED 34,000; 2021 AED 33,000; 2022 AED 38,000; 2023 AED 42,650; 2024 AED 50,000; 2025 AED 59,000; 2026 AED 60,000New contract, June 2019: AED 45,000 a yearRenewal, June 2020: AED 36,000 a yearNew contract, October 2021: AED 32,000 a yearNew contract, February 2022: AED 32,000 a yearRenewal, February 2023: AED 36,800 a yearRenewal, February 2024: AED 40,480 a yearNew contract, February 2025: AED 45,480 a yearNew contract, August 2026: AED 50,000 a year

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

1-beds in Safi Apartments 1B, and where 312 sits

All 55 1-beds →

312 last sold in May 2016 at AED 888 per sqft, in line with what one-beds in Safi Apartments 1B were fetching at the time (AED 904). 312's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Sep 2025750,000
28 May 2025705,000
12 Mar 2025750,000
3 Feb 2025725,000
0 1-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 3rd floor

All 181 units in Safi Apartments 1B
Value
3012-bedAED 800K · Apr 2023
3023-bedAED 950K · May 2021
3031-bedAED 573K · Oct 2015
3041-bedAED 427K · Oct 2020
3051-bedAED 725K · Feb 2025
306StudioAED 463K · Jul 2016
3071-bedAED 750K · Sep 2025
1–7 of 26

312, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 12 May 2016 for AED 610,888, or AED 888 per sqft.
  • Rented since June 2019 on 8 Ejari contracts. The rent fell from AED 45,000 to AED 32,000 in 2022 and recovered to AED 50,000 by August 2026.
  • At AED 50,000 a year the gross yield on the 2016 price is 8.2%.

Source: Dubai Land Department. Updated 15 August 2026.

Questions about 312, Safi Apartments 1B

What did unit 312 last sell for?

AED 610,888 on 12 May 2016, sold by the developer: AED 888 per sqft for 687 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 50,000 a year on the contract signed on 15 August 2026. The previous contract, from February 2025, was AED 45,480; the unit has been rented since June 2019.

How big is unit 312?

687 sqft (63.8 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 312, Safi Apartments 1B

Starts from the last sale price (AED 611K, 12 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 610,888
Deposit, UAE resident (20%)
AED 122,178
Deposit, non-resident (40%)
AED 244,355
Monthly over 25 years at 3.7%
AED 2,499

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