Home
Dubai prices
About
Blog
1-bed · 674 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

505, Safi Apartments 1B

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

Unit 505 · DLD and Ejari recordsUpdated 15 October 2026
Last soldAED 610K11 May 2016
Current rentAED 75K /yr15 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 505

Property timeline for 505, Safi Apartments 1B

What is 505 worth today?

Last sold for AED 609,888 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Oct 2026RentedRenewal
AED 75,000/yr12 months · AED 111 per sqft
15 Oct 2026RentedRenewal
AED 70,000/yr12 months · AED 103 per sqft
15 Oct 2025RentedRenewal
AED 58,000/yr12 months · AED 86 per sqft
15 Oct 2024RentedRenewal
AED 47,000/yr12 months · AED 69 per sqft
15 Oct 2023RentedRenewal
AED 40,000/yr12 months · AED 59 per sqft
15 Oct 2022RentedNew contract
AED 34,500/yr12 months · AED 51 per sqft
15 Oct 2019RentedNew contract
AED 37,000/yr12 months · AED 55 per sqft
11 May 2016Sold by developerOff-plan
AED 609,888AED 904 per sqft

Source: Dubai Land Department. Updated 15 October 2026.

Key facts

Type
1-bed apartment
Size
674 sqft
Floor
5th of 7
Parking
G-305
Developer
Nshmi Development
Completed
2018
Last sold
AED 610K · May 2016
Building
Safi Apartments 1B

About 505, Safi Apartments 1B

505 is a one-bedroom apartment of 674 sqft on the 5th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 11 May 2016 for AED 609,888, or AED 904 per sqft, in line with the AED 904 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 75,000 a year: a gross yield of 12.3% on the 2016 price.

Sales and rents for 505 over time

Sales
Unit 505, 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, May 2016: AED 609,888 (AED 904 per sqft)

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

Rents
Unit 505, each contractTypical one-bed in Safi Apartments 1B
40K60K80K201920222025Typical 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 37,000 a yearNew contract, October 2022: AED 34,500 a yearRenewal, October 2023: AED 40,000 a yearRenewal, October 2024: AED 47,000 a yearRenewal, October 2025: AED 58,000 a yearRenewal, October 2026: AED 75,000 a yearRenewal, October 2026: AED 70,000 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 505 sits

All 55 1-beds →

505 last sold in May 2016 at AED 904 per sqft, in line with what one-beds in Safi Apartments 1B were fetching at the time (AED 904). 505's AED 75,000 is in the upper half 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 5th floor

All 181 units in Safi Apartments 1B
Value
5012-bedAED 878K · Jul 2016
5023-bedAED 1.8M · May 2026
5031-bedAED 579K · May 2016
5041-bedAED 561K · May 2016
506StudioAED 427K · Jun 2016
5071-bedAED 559K · May 2016
5083-bedAED 1.59M · May 2025
1–7 of 26

505, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 11 May 2016 for AED 609,888, or AED 904 per sqft.
  • Rented since October 2019 on 7 Ejari contracts, from AED 37,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 12.3%.

Source: Dubai Land Department. Updated 15 October 2026.

Questions about 505, Safi Apartments 1B

What did unit 505 last sell for?

AED 609,888 on 11 May 2016, sold by the developer: AED 904 per sqft for 674 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 75,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2026, was AED 70,000; the unit has been rented since October 2019.

How big is unit 505?

674 sqft (62.6 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 505? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 505, Safi Apartments 1B

Starts from the last sale price (AED 610K, 11 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 609,888
Deposit, UAE resident (20%)
AED 121,978
Deposit, non-resident (40%)
AED 243,955
Monthly over 25 years at 3.7%
AED 2,495

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