506, Safi Apartments 1B
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Safi Apartments 1B
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 319 sqft
- Floor
- 5th of 7
- Parking
- G-316
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 427K · June 2016
- Building
- Safi Apartments 1B
About 506, Safi Apartments 1B
506 is a studio of 319 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 2 June 2016 for AED 426,888, or AED 1,337 per sqft, 20% above the AED 1,117 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 1 February 2026, is AED 30,000 a year: a gross yield of 7.0% on the 2016 price.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safi Apartments 1B, and where 506 sits
All 22 studios →506 last sold in June 2016 at AED 1,337 per sqft, 20% above what studios in Safi Apartments 1B were fetching at the time (AED 1,117). Over the last 12 months studios sold for AED 525,000 to 528,000, around AED 1,631 per sqft, and rent for AED 30,000 to 42,000 a year. 506's AED 30,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Mar 202623 March 2026 | 319 sqft | 525,000 | 1,645 | ||
| 16 Mar 202616 March 2026 | 327 sqft | 528,000 | 1,616 | ||
| 18 Sep 202518 September 2025 | 327 sqft | 450,000 | 1,377 | ||
| 24 Jul 202524 July 2025 | 330 sqft | 390,000 | 1,181 |
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 5th floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 937 sqft | AED 878KAED 877,888 · Jul 2016July 2016 | 75,000 /yr | |
| 502 | 3-bed | 1,419 sqft | AED 1.8MAED 1,800,000 · May 2026May 2026 | 125,000 /yr | |
| 503 | 1-bed | 633 sqft | AED 579KAED 578,888 · May 2016May 2016 | 65,000 /yr | |
| 504 | 1-bed | 614 sqft | AED 561KAED 560,888 · May 2016May 2016 | 39,000 /yr | |
| 505 | 1-bed | 674 sqft | AED 610KAED 609,888 · May 2016May 2016 | 70,000 /yr | |
| 507 | 1-bed | 596 sqft | AED 559KAED 558,888 · May 2016May 2016 | 50,000 /yr | |
| 508 | 3-bed | 1,408 sqft | AED 1.59MAED 1,590,000 · May 2025May 2025 | 86,250 /yr | |
| 509 | 2-bed | 881 sqft | AED 1.1MAED 1,100,000 · Sep 2026September 2026 | 79,000 /yr | |
| 510 | 2-bed | 883 sqft | AED 798KAED 797,888 · May 2016May 2016 | 76,000 /yr | |
| 511 | 1-bed | 628 sqft | AED 557KAED 556,888 · Jun 2016June 2016 | 55,000 /yr | |
| 512 | 1-bed | 628 sqft | AED 613KAED 612,888 · Jul 2016July 2016 | 62,000 /yr | |
| 513 | 2-bed | 883 sqft | AED 1.1MAED 1,100,000 · Mar 2025March 2025 | 57,750 /yr | |
| 514 | 2-bed | 881 sqft | AED 690KAED 690,000 · Dec 2021December 2021 | 50,000 /yr | |
| 515 | 3-bed | 1,408 sqft | AED 1.15MAED 1,150,000 · Apr 2023April 2023 | 70,000 /yr | |
| 516 | 1-bed | 596 sqft | AED 575KAED 574,888 · Jun 2016June 2016 | 54,575 /yr | |
| 517 | Studio | 319 sqft | AED 355KAED 354,888 · Mar 2016March 2016 | 36,000 /yr | |
| 518 | 1-bed | 674 sqft | AED 597KAED 596,888 · May 2016May 2016 | 64,000 /yr | |
| 519 | 1-bed | 624 sqft | AED 575KAED 574,888 · Jun 2016June 2016 | 73,000 /yr | |
| 520 | 1-bed | 633 sqft | AED 584KAED 583,888 · May 2016May 2016 | 62,500 /yr | |
| 521 | 3-bed | 1,419 sqft | AED 1.03MAED 1,030,888 · Jul 2020July 2020 | 115,000 /yr | |
| 522 | 2-bed | 937 sqft | AED 878KAED 877,888 · Jul 2016July 2016 | 78,000 /yr | |
| 523 | 1-bed | 573 sqft | AED 568KAED 567,888 · Jun 2020June 2020 | 45,121 /yr | |
| 524 | 2-bed | 976 sqft | AED 670KAED 670,000 · Sep 2019September 2019 | 80,000 /yr | |
| 525 | 2-bed | 1,041 sqft | AED 1.15MAED 1,150,000 · Jun 2025June 2025 | 59,400 /yr | |
| 526 | 2-bed | 905 sqft | AED 1.15MAED 1,150,000 · Nov 2024November 2024 | ||
| 527 | 3-bed | 1,340 sqft | AED 1.66MAED 1,660,000 · Feb 2026February 2026 | 97,125 /yr |
506, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 2 June 2016 for AED 426,888, or AED 1,337 per sqft.
- Rented since November 2019 on 6 Ejari contracts. The rent fell from AED 26,000 to AED 22,000 in 2020 and recovered to AED 30,000 by February 2026.
- At AED 30,000 a year the gross yield on the 2016 price is 7.0%.
- Studios in Safi Apartments 1B sold for AED 525,000–528,000 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 1 February 2026.
Questions about 506, Safi Apartments 1B
What did unit 506 last sell for?
AED 426,888 on 2 June 2016, sold by the developer: AED 1,337 per sqft for 319 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 30,000 a year on the contract signed on 1 February 2026. The previous contract, from February 2026, was AED 40,000; the unit has been rented since November 2019.
How big is unit 506?
319 sqft (29.6 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safi Apartments 1B sold for AED 525,000 to 528,000 in the last 12 months, around AED 1,631 per sqft.
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Mortgage on 506, Safi Apartments 1B
Starts from the last sale price (AED 427K, 2 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 426,888
- Deposit, UAE resident (20%)
- AED 85,378
- Deposit, non-resident (40%)
- AED 170,755
- Monthly over 25 years at 3.7%
- AED 1,747
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →