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3-bed · 1,408 sqftSafi Apartments 1B, Town Square · 4th floor · completed 2018

415, Safi Apartments 1B

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

Unit 415 · DLD and Ejari recordsUpdated 24 June 2021
Last soldAED 1.17M1 August 2016
Current rentAED 65K /yr24 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 415, Safi Apartments 1B

What is 415 worth today?

Last sold for AED 1,171,888 in 2016

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24 Jun 2021RentedRenewal
AED 65,000/yr12 months · AED 46 per sqft
24 Jun 2020RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
6 Jun 2019RentedNew contract
AED 82,500/yr12 months · AED 59 per sqft
1 Aug 2016Sold by developerOff-plan
AED 1,171,888AED 832 per sqft

Source: Dubai Land Department. Updated 24 June 2021.

Key facts

Type
3-bed apartment
Size
1,408 sqft
Floor
4th of 7
Parking
P-448,P-283
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.17M · August 2016
Building
Safi Apartments 1B

About 415, Safi Apartments 1B

415 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. The developer sold it on 1 August 2016 for AED 1,171,888, or AED 832 per sqft, in line with the AED 825 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 24 June 2021, is AED 65,000 a year: a gross yield of 5.5% on the 2016 price.

Sales and rents for 415 over time

Sales
Unit 415, 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, August 2016: AED 1,171,888 (AED 832 per sqft)

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

Rents
Unit 415, 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, June 2019: AED 82,500 a yearNew contract, June 2020: AED 65,000 a yearRenewal, June 2021: AED 65,000 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 415 sits

All 37 3-beds →

415 last sold in August 2016 at AED 832 per sqft, in line with what three-beds in Safi Apartments 1B were fetching at the time (AED 825). 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. 415's AED 65,000 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
4023-bedAED 1.15M · Apr 2023
4031-bedAED 495K · Oct 2021
4041-bedAED 561K · Oct 2015
4051-bedAED 607K · Oct 2015
406StudioAED 350K · Jan 2025
4071-bedAED 705K · May 2025
1–7 of 26

415, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 1 August 2016 for AED 1,171,888, or AED 832 per sqft.
  • Rented since June 2019 on 3 Ejari contracts, from AED 82,500 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2016 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 24 June 2021.

Questions about 415, Safi Apartments 1B

What did unit 415 last sell for?

AED 1,171,888 on 1 August 2016, sold by the developer: AED 832 per sqft for 1,408 sqft. It is the only registered sale of the unit.

What is the rent for unit 415?

AED 65,000 a year on the contract renewed on 24 June 2021. The previous contract, from June 2020, was AED 65,000; the unit has been rented since June 2019.

How big is unit 415?

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 415 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 415, Safi Apartments 1B

Starts from the last sale price (AED 1.17M, 1 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,171,888
Deposit, UAE resident (20%)
AED 234,378
Deposit, non-resident (40%)
AED 468,755
Monthly over 25 years at 3.7%
AED 4,795

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