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3-bed · 1,419 sqftSafi Apartments 1B, Town Square · 4th floor · completed 2018

402, Safi Apartments 1B

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

Unit 402 · DLD and Ejari recordsUpdated 19 April 2023
Last soldAED 1.15M19 April 2023
Current rentAED 66K /yr11 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Safi Apartments 1B

What is 402 worth today?

Last sold for AED 1,150,000 in 2023

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19 Apr 2023SoldReady
AED 1,150,000AED 810 per sqft
11 Oct 2022RentedRenewal
AED 66,000/yr12 months · AED 46 per sqft
11 Oct 2021RentedRenewal
AED 60,000/yr12 months · AED 42 per sqft
11 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 42 per sqft
3 Sep 2019RentedNew contract
AED 76,000/yr12 months · AED 53 per sqft
18 Oct 2015Sold by developerOff-plan
AED 1,178,888AED 830 per sqft

Source: Dubai Land Department. Updated 19 April 2023.

Key facts

Type
3-bed apartment
Size
1,419 sqft
Floor
4th of 7
Parking
P-433
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.15M · April 2023
Building
Safi Apartments 1B

About 402, Safi Apartments 1B

402 is a three-bedroom apartment of 1,419 sqft on the 4th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 19 April 2023 for AED 1,150,000, or AED 810 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 11 October 2022, is AED 66,000 a year: a gross yield of 5.7% on the 2023 price.

Sales and rents for 402 over time

Sales
Unit 402, 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 1,178,888 (AED 830 per sqft)Sold, April 2023: AED 1,150,000 (AED 810 per sqft)

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

Rents
Unit 402, each contractTypical three-bed in Safi Apartments 1B
50K100K20192021202320252027Typical 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, September 2019: AED 76,000 a yearNew contract, October 2020: AED 60,000 a yearRenewal, October 2021: AED 60,000 a yearRenewal, October 2022: AED 66,000 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 402 sits

All 37 3-beds →

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. 402's AED 66,000 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 4th floor

All 181 units in Safi Apartments 1B
Value
4012-bedAED 1.2M · Feb 2026
4031-bedAED 495K · Oct 2021
4041-bedAED 561K · Oct 2015
4051-bedAED 607K · Oct 2015
406StudioAED 350K · Jan 2025
4071-bedAED 705K · May 2025
4083-bedAED 900K · Apr 2021
1–7 of 26

402, Safi Apartments 1B in numbers

  • Sold twice: first on 18 October 2015 for AED 1,178,888, last on 19 April 2023 for AED 1,150,000 (AED 810 per sqft).
  • Rented since September 2019 on 4 Ejari contracts, from AED 76,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2023 price is 5.7%.
  • 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 19 April 2023.

Questions about 402, Safi Apartments 1B

What did unit 402 last sell for?

AED 1,150,000 on 19 April 2023: AED 810 per sqft for 1,419 sqft. The unit has 2 registered sales; the first was AED 1,178,888 in October 2015.

What is the rent for unit 402?

AED 66,000 a year on the contract renewed on 11 October 2022. The previous contract, from October 2021, was AED 60,000; the unit has been rented since September 2019.

How big is unit 402?

1,419 sqft (131.8 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 402 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 402, Safi Apartments 1B

Starts from the last sale price (AED 1.15M, 19 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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