408, Safi Apartments 1B
Sold prices and rental history: sold twice, last in April 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Safi Apartments 1B
What is 408 worth today?
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Source: Dubai Land Department. Updated 21 September 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,408 sqft
- Floor
- 4th of 7
- Parking
- P-434
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 900K · April 2021
- Building
- Safi Apartments 1B
About 408, Safi Apartments 1B
408 is a three-bedroom apartment of 1,408 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 18 April 2021 for AED 900,000, or AED 639 per sqft, 11% below the AED 722 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 21 September 2026, is AED 125,000 a year: a gross yield of 13.9% on the 2021 price.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the three-bed median of each year in the building.
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 408 sits
All 37 3-beds →408 last sold in April 2021 at AED 639 per sqft, 11% below what three-beds in Safi Apartments 1B were fetching at the time (AED 722). 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. 408's AED 125,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20266 May 2026 | 1,419 sqft | 1,800,000 | 1,268 | ||
| 4 Feb 20264 February 2026 | 1,340 sqft | 1,660,000 | 1,238 | ||
| 11 Jul 202511 July 2025 | 2,257 sqft | 1,780,000 | 788 | ||
| 13 May 202513 May 2025 | 1,408 sqft | 1,590,000 | 1,129 |
Safi Apartments 1B
Building181 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%
Other units on the 4th floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 937 sqft | AED 1.2MAED 1,200,000 · Feb 2026February 2026 | 85,000 /yr | |
| 402 | 3-bed | 1,419 sqft | AED 1.15MAED 1,150,000 · Apr 2023April 2023 | 66,000 /yr | |
| 403 | 1-bed | 633 sqft | AED 495KAED 495,000 · Oct 2021October 2021 | 38,000 /yr | |
| 404 | 1-bed | 614 sqft | AED 561KAED 560,888 · Oct 2015October 2015 | 50,000 /yr | |
| 405 | 1-bed | 674 sqft | AED 607KAED 606,888 · Oct 2015October 2015 | 30,000 /yr | |
| 406 | Studio | 319 sqft | AED 350KAED 350,000 · Jan 2025January 2025 | 40,000 /yr | |
| 407 | 1-bed | 596 sqft | AED 705KAED 705,000 · May 2025May 2025 | 60,000 /yr | |
| 409 | 2-bed | 881 sqft | AED 1.2MAED 1,200,000 · Dec 2025December 2025 | ||
| 410 | 2-bed | 883 sqft | AED 700KAED 700,000 · May 2022May 2022 | 44,000 /yr | |
| 411 | 1-bed | 692 sqft | AED 600KAED 599,888 · Oct 2015October 2015 | 65,000 /yr | |
| 412 | 1-bed | 692 sqft | AED 600KAED 599,888 · Oct 2015October 2015 | 60,000 /yr | |
| 413 | 2-bed | 883 sqft | AED 760KAED 759,888 · Oct 2015October 2015 | 80,000 /yr | |
| 414 | 2-bed | 881 sqft | AED 750KAED 750,000 · Dec 2023December 2023 | 46,500 /yr | |
| 415 | 3-bed | 1,408 sqft | AED 1.17MAED 1,171,888 · Aug 2016August 2016 | 65,000 /yr | |
| 416 | 1-bed | 596 sqft | AED 575KAED 574,888 · May 2016May 2016 | 63,000 /yr | |
| 417 | Studio | 319 sqft | AED 354KAED 353,888 · Oct 2015October 2015 | 40,000 /yr | |
| 418 | 1-bed | 674 sqft | AED 568KAED 567,888 · Oct 2015October 2015 | 60,000 /yr | |
| 419 | 1-bed | 628 sqft | AED 540KAED 540,000 · Jun 2019June 2019 | 46,000 /yr | |
| 420 | 1-bed | 633 sqft | AED 556KAED 555,888 · Sep 2015September 2015 | 55,000 /yr | |
| 421 | 3-bed | 1,419 sqft | AED 950KAED 950,000 · Aug 2019August 2019 | 220,000 /yr | |
| 422 | 2-bed | 937 sqft | AED 1.2MAED 1,200,000 · Dec 2025December 2025 | 90,000 /yr | |
| 423 | 1-bed | 573 sqft | AED 480KAED 480,000 · Jan 2023January 2023 | 70,000 /yr | |
| 424 | 2-bed | 977 sqft | AED 630KAED 630,000 · Nov 2021November 2021 | 93,000 /yr | |
| 425 | 2-bed | 1,040 sqft | AED 440KAED 440,000 · Apr 2023April 2023 | 49,500 /yr | |
| 426 | 2-bed | 905 sqft | AED 819KAED 818,888 · Oct 2015October 2015 | 66,000 /yr | |
| 427 | 3-bed | 1,340 sqft | AED 1.1MAED 1,100,000 · Jun 2023June 2023 | 71,400 /yr |
408, Safi Apartments 1B in numbers
- Sold twice: first on 23 January 2019 for AED 1,260,888, last on 18 April 2021 for AED 900,000 (AED 639 per sqft).
- Rented since August 2022 on 5 Ejari contracts, from AED 85,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2021 price is 13.9%.
- 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 21 September 2026.
Questions about 408, Safi Apartments 1B
What did unit 408 last sell for?
AED 900,000 on 18 April 2021: AED 639 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,260,888 in January 2019.
What is the rent for unit 408?
AED 125,000 a year on the contract signed on 21 September 2026. The previous contract, from August 2025, was AED 111,000; the unit has been rented since August 2022.
How big is unit 408?
1,408 sqft (130.8 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.
What is unit 408 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 408, Safi Apartments 1B
Starts from the last sale price (AED 900K, 18 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →