2-bed · 1,040 sqftSafi Apartments 1B, Town Square · 4th floor · completed 2018

425, 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 425 · DLD and Ejari recordsUpdated 17 April 2023
Last soldAED 440K17 April 2023
Current rentAED 50K /yr11 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 425, Safi Apartments 1B

What is 425 worth today?

Last sold for AED 440,000 in 2023

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17 Apr 2023SoldReady
AED 440,000AED 422 per sqft
11 Nov 2022RentedRenewal
AED 49,500/yr12 months · AED 47 per sqft
11 Nov 2021RentedRenewal
AED 49,500/yr12 months · AED 47 per sqft
11 Nov 2020RentedNew contract
AED 45,000/yr12 months · AED 43 per sqft
9 Jun 2019RentedNew contract
AED 65,000/yr12 months · AED 62 per sqft
19 Oct 2015Sold by developerOff-plan
AED 922,888AED 887 per sqft

Source: Dubai Land Department. Updated 17 April 2023.

Key facts

Type
2-bed apartment
Size
1,040 sqft
Floor
4th of 7
Parking
P-371
Developer
Nshmi Development
Completed
2018
Last sold
AED 440K · April 2023

About 425, Safi Apartments 1B

425 is a two-bedroom apartment of 1,040 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 17 April 2023 for AED 440,000, or AED 422 per sqft, 48% below the AED 813 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 11 November 2022, is AED 49,500 a year: a gross yield of 11.3% on the 2023 price.

Sales and rents for 425 over time

Sales
Unit 425, each saleTypical two-bed in Safi Apartments 1B
500K1M20152018202120242027Typical sale price by year: 2015 AED 813,888; 2016 AED 851,388; 2018 AED 855,444; 2019 AED 670,000; 2020 AED 712,944; 2021 AED 660,000; 2023 AED 760,000; 2024 AED 1,025,000; 2025 AED 1,160,000; 2026 AED 1,190,000Sold by developer, October 2015: AED 922,888 (AED 887 per sqft)Sold, April 2023: AED 440,000 (AED 422 per sqft)

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

Rents
Unit 425, each contractTypical two-bed in Safi Apartments 1B
40K60K80K20192021202320252027Typical rent by year: 2019 AED 55,000; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 49,750; 2023 AED 55,220; 2024 AED 68,250; 2025 AED 78,750; 2026 AED 80,000New contract, June 2019: AED 65,000 a yearNew contract, November 2020: AED 45,000 a yearRenewal, November 2021: AED 49,500 a yearRenewal, November 2022: AED 49,500 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Safi Apartments 1B, and where 425 sits

All 67 2-beds →

425 last sold in April 2023 at AED 422 per sqft, 48% below what two-beds in Safi Apartments 1B were fetching at the time (AED 813). Over the last 12 months two-beds sold for AED 987,000 to 1,200,000, around AED 1,276 per sqft, and rent for AED 61,365 to 115,000 a year. 425's AED 49,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20261,030,000
4 Sep 20261,100,000
15 May 2026987,000
13 Mar 20261,200,000
10 2-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

425, Safi Apartments 1B in numbers

  • Sold twice: first on 19 October 2015 for AED 922,888, last on 17 April 2023 for AED 440,000 (AED 422 per sqft).
  • Rented since June 2019 on 4 Ejari contracts, from AED 65,000 to AED 49,500 a year.
  • At AED 49,500 a year the gross yield on the 2023 price is 11.3%.
  • Two-beds in Safi Apartments 1B sold for AED 987,000–1,200,000 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 17 April 2023.

Questions about 425, Safi Apartments 1B

What did unit 425 last sell for?

AED 440,000 on 17 April 2023: AED 422 per sqft for 1,040 sqft. The unit has 2 registered sales; the first was AED 922,888 in October 2015.

What is the rent for unit 425?

AED 49,500 a year on the contract renewed on 11 November 2022. The previous contract, from November 2021, was AED 49,500; the unit has been rented since June 2019.

How big is unit 425?

1,040 sqft (96.6 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 425 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safi Apartments 1B sold for AED 987,000 to 1,200,000 in the last 12 months, around AED 1,276 per sqft.

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Mortgage on 425, Safi Apartments 1B

Starts from the last sale price (AED 440K, 17 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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