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3-bed · 1,412 sqftSafi Apartments 1B, Town Square · 3rd floor · completed 2018

315, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in May 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 6 December 2021
Last soldAED 1.29M15 May 2017
Current rentAED 70K /yr6 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 315, Safi Apartments 1B

What is 315 worth today?

Last sold for AED 1,290,888 in 2017

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6 Dec 2021RentedRenewal
AED 70,400/yr12 months · AED 50 per sqft
6 Nov 2020RentedNew contract
AED 64,000/yr13 months · AED 45 per sqft
15 May 2017Sold by developerOff-plan
AED 1,290,888AED 914 per sqft

Source: Dubai Land Department. Updated 6 December 2021.

Key facts

Type
3-bed apartment
Size
1,412 sqft
Floor
3rd of 7
Parking
P-440
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.29M · May 2017
Building
Safi Apartments 1B

About 315, Safi Apartments 1B

315 is a three-bedroom apartment of 1,412 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 15 May 2017 for AED 1,290,888, or AED 914 per sqft, 8% above the AED 849 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 6 December 2021, is AED 70,400 a year: a gross yield of 5.5% on the 2017 price.

Sales and rents for 315 over time

Sales
Unit 315, 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, May 2017: AED 1,290,888 (AED 914 per sqft)

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

Rents
Unit 315, 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, November 2020: AED 64,000 a yearRenewal, December 2021: AED 70,400 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 315 sits

All 37 3-beds →

315 last sold in May 2017 at AED 914 per sqft, 8% above what three-beds in Safi Apartments 1B were fetching at the time (AED 849). 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. 315's AED 70,400 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 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

315, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 15 May 2017 for AED 1,290,888, or AED 914 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 64,000 to AED 70,400 a year.
  • At AED 70,400 a year the gross yield on the 2017 price is 5.5%.
  • 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 6 December 2021.

Questions about 315, Safi Apartments 1B

What did unit 315 last sell for?

AED 1,290,888 on 15 May 2017, sold by the developer: AED 914 per sqft for 1,412 sqft. It is the only registered sale of the unit.

What is the rent for unit 315?

AED 70,400 a year on the contract renewed on 6 December 2021. The previous contract, from November 2020, was AED 64,000.

How big is unit 315?

1,412 sqft (131.2 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 315 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 315, Safi Apartments 1B

Starts from the last sale price (AED 1.29M, 15 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,290,888
Deposit, UAE resident (20%)
AED 258,178
Deposit, non-resident (40%)
AED 516,355
Monthly over 25 years at 3.7%
AED 5,281

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