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2-bed · 881 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

514, Safi Apartments 1B

Sold prices and rental history: sold twice, last in December 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 13 December 2021
Last soldAED 690K13 December 2021
Current rentAED 50K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, Safi Apartments 1B

What is 514 worth today?

Last sold for AED 690,000 in 2021

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13 Dec 2021SoldReady
AED 690,000AED 783 per sqft
1 Sep 2020RentedRenewal
AED 50,000/yr12 months · AED 57 per sqft
1 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
19 May 2016Sold by developerOff-plan
AED 766,888AED 870 per sqft

Source: Dubai Land Department. Updated 13 December 2021.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
5th of 7
Parking
P-399
Developer
Nshmi Development
Completed
2018
Last sold
AED 690K · December 2021
Building
Safi Apartments 1B

About 514, Safi Apartments 1B

514 is a two-bedroom apartment of 881 sqft on the 5th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 13 December 2021 for AED 690,000, or AED 783 per sqft, 21% above the AED 645 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 50,000 a year: a gross yield of 7.2% on the 2021 price.

Sales and rents for 514 over time

Sales
Unit 514, each saleTypical two-bed in Safi Apartments 1B
750K1M1.25M20152018202120242027Typical 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, May 2016: AED 766,888 (AED 870 per sqft)Sold, December 2021: AED 690,000 (AED 783 per sqft)

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

Rents
Unit 514, 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, September 2019: AED 50,000 a yearRenewal, September 2020: AED 50,000 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 514 sits

All 67 2-beds →

514 last sold in December 2021 at AED 783 per sqft, 21% above what two-beds in Safi Apartments 1B were fetching at the time (AED 645). 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. 514's AED 50,000 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 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

514, Safi Apartments 1B in numbers

  • Sold twice: first on 19 May 2016 for AED 766,888, last on 13 December 2021 for AED 690,000 (AED 783 per sqft).
  • Rented since September 2019 on 2 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 7.2%.
  • 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 13 December 2021.

Questions about 514, Safi Apartments 1B

What did unit 514 last sell for?

AED 690,000 on 13 December 2021: AED 783 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 766,888 in May 2016.

What is the rent for unit 514?

AED 50,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 50,000.

How big is unit 514?

881 sqft (81.8 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 514 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 514, Safi Apartments 1B

Starts from the last sale price (AED 690K, 13 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 690,000
Deposit, UAE resident (20%)
AED 138,000
Deposit, non-resident (40%)
AED 276,000
Monthly over 25 years at 3.7%
AED 2,823

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