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1-bed · 628 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

512, Safi Apartments 1B

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

Unit 512 · DLD and Ejari recordsUpdated 1 July 2026
Last soldAED 613K24 July 2016
Current rentAED 62K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 512, Safi Apartments 1B

What is 512 worth today?

Last sold for AED 612,888 in 2016

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1 Jul 2026RentedRenewal
AED 62,000/yr12 months · AED 99 per sqft
1 Jul 2025RentedNew contract
AED 62,000/yr12 months · AED 99 per sqft
2 Jun 2024RentedRenewal
AED 53,000/yr12 months · AED 85 per sqft
2 Jun 2023RentedRenewal
AED 45,000/yr12 months · AED 72 per sqft
2 Jun 2022RentedNew contract
AED 40,000/yr12 months · AED 64 per sqft
1 Oct 2021RentedRenewal
AED 34,000/yr12 months · AED 54 per sqft
1 Oct 2020RentedRenewal
AED 32,000/yr12 months · AED 51 per sqft
1 Oct 2019RentedNew contract
AED 38,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 1 July 2026.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
5th of 7
Parking
G-395
Developer
Nshmi Development
Completed
2018
Last sold
AED 613K · July 2016
Building
Safi Apartments 1B

About 512, Safi Apartments 1B

512 is a one-bedroom apartment of 628 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 24 July 2016 for AED 612,888, or AED 975 per sqft, 7% above the AED 913 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 1 July 2026, is AED 62,000 a year: a gross yield of 10.1% on the 2016 price.

Sales and rents for 512 over time

Sales
Unit 512, 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, July 2016: AED 612,888 (AED 975 per sqft)

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

Rents
Unit 512, each contractTypical one-bed in Safi Apartments 1B
40K60K201920222025Typical 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 38,000 a yearRenewal, October 2020: AED 32,000 a yearRenewal, October 2021: AED 34,000 a yearNew contract, June 2022: AED 40,000 a yearRenewal, June 2023: AED 45,000 a yearRenewal, June 2024: AED 53,000 a yearNew contract, July 2025: AED 62,000 a yearRenewal, July 2026: AED 62,000 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 512 sits

All 55 1-beds →

512 last sold in July 2016 at AED 975 per sqft, 7% above what one-beds in Safi Apartments 1B were fetching at the time (AED 913). 512's AED 62,000 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
5051-bedAED 610K · May 2016
506StudioAED 427K · Jun 2016
5071-bedAED 559K · May 2016
1–7 of 26

512, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 24 July 2016 for AED 612,888, or AED 975 per sqft.
  • Rented since October 2019 on 8 Ejari contracts. The rent fell from AED 38,000 to AED 32,000 in 2020 and recovered to AED 62,000 by July 2026.
  • At AED 62,000 a year the gross yield on the 2016 price is 10.1%.

Source: Dubai Land Department. Updated 1 July 2026.

Questions about 512, Safi Apartments 1B

What did unit 512 last sell for?

AED 612,888 on 24 July 2016, sold by the developer: AED 975 per sqft for 628 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 62,000 a year on the contract renewed on 1 July 2026. The previous contract, from July 2025, was AED 62,000; the unit has been rented since October 2019.

How big is unit 512?

628 sqft (58.3 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 512 worth today?

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

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Mortgage on 512, Safi Apartments 1B

Starts from the last sale price (AED 613K, 24 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 612,888
Deposit, UAE resident (20%)
AED 122,578
Deposit, non-resident (40%)
AED 245,155
Monthly over 25 years at 3.7%
AED 2,508

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