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1-bed · 596 sqftSafi Apartments 1B, Town Square · 3rd floor · completed 2018

316, Safi Apartments 1B

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 8 May 2024
Last soldAED 499K6 July 2023
Current rentAED 38K /yr8 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, Safi Apartments 1B

What is 316 worth today?

Last sold for AED 499,000 in 2023

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8 May 2024RentedNew contract
AED 37,878/yr10 months · AED 64 per sqft
6 Jul 2023SoldReady
AED 499,000AED 837 per sqft
7 May 2023RentedRenewal
AED 38,397/yr12 months · AED 65 per sqft
7 May 2022RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft
6 Sep 2020RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft
10 Oct 2019RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft
13 Oct 2015Sold by developerOff-plan
AED 532,888AED 894 per sqft

Source: Dubai Land Department. Updated 8 May 2024.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
3rd of 7
Parking
G-294
Developer
Nshmi Development
Completed
2018
Last sold
AED 499K · July 2023
Building
Safi Apartments 1B

About 316, Safi Apartments 1B

316 is a one-bedroom apartment of 596 sqft on the 3rd floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 6 July 2023 for AED 499,000, or AED 837 per sqft, in line with the AED 815 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 8 May 2024, is AED 37,878 a year: a gross yield of 7.6% on the 2023 price.

Sales and rents for 316 over time

Sales
Unit 316, 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, October 2015: AED 532,888 (AED 894 per sqft)Sold, July 2023: AED 499,000 (AED 837 per sqft)

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

Rents
Unit 316, each contractTypical one-bed in Safi Apartments 1B
40K60K20192021202320252027Typical 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, October 2019: AED 35,000 a yearNew contract, September 2020: AED 35,000 a yearNew contract, May 2022: AED 35,000 a yearRenewal, May 2023: AED 38,397 a yearNew contract, May 2024: AED 37,878 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 316 sits

All 55 1-beds →

316 last sold in July 2023 at AED 837 per sqft, in line with what one-beds in Safi Apartments 1B were fetching at the time (AED 815). 316's AED 37,878 is at the bottom 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

316, Safi Apartments 1B in numbers

  • Sold twice: first on 13 October 2015 for AED 532,888, last on 6 July 2023 for AED 499,000 (AED 837 per sqft).
  • Rented since October 2019 on 5 Ejari contracts, from AED 35,000 to AED 37,878 a year.
  • At AED 37,878 a year the gross yield on the 2023 price is 7.6%.

Source: Dubai Land Department. Updated 8 May 2024.

Questions about 316, Safi Apartments 1B

What did unit 316 last sell for?

AED 499,000 on 6 July 2023: AED 837 per sqft for 596 sqft. The unit has 2 registered sales; the first was AED 532,888 in October 2015.

What is the rent for unit 316?

AED 37,878 a year on the contract signed on 8 May 2024. The previous contract, from May 2023, was AED 38,397; the unit has been rented since October 2019.

How big is unit 316?

596 sqft (55.4 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 316 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 316, Safi Apartments 1B

Starts from the last sale price (AED 499K, 6 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 499,000
Deposit, UAE resident (20%)
AED 99,800
Deposit, non-resident (40%)
AED 199,600
Monthly over 25 years at 3.7%
AED 2,042

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