Home
Dubai prices
About
Research
1-bed · 596 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

516, 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.

Unit 516 · DLD and Ejari recordsUpdated 5 August 2026
Last soldAED 575K19 June 2016
Current rentAED 55K /yr5 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 516

Property timeline for 516, Safi Apartments 1B

What is 516 worth today?

Last sold for AED 574,888 in 2016

Unlock today's estimate, updated daily, with

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

5 Aug 2026RentedRenewal
AED 54,575/yr12 months · AED 92 per sqft
5 Aug 2025RentedNew contract
AED 49,612/yr12 months · AED 83 per sqft
5 Aug 2024RentedNew contract
AED 47,250/yr12 months · AED 80 per sqft
5 Aug 2023RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft
20 Oct 2021RentedNew contract
AED 28,000/yr12 months · AED 47 per sqft
20 Oct 2019RentedNew contract
AED 38,000/yr12 months · AED 64 per sqft
19 Jun 2016Sold by developerOff-plan
AED 574,888AED 964 per sqft

Source: Dubai Land Department. Updated 5 August 2026.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
5th of 7
Parking
G-397
Developer
Nshmi Development
Completed
2018
Last sold
AED 575K · June 2016
Building
Safi Apartments 1B

About 516, Safi Apartments 1B

516 is a one-bedroom apartment of 596 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 19 June 2016 for AED 574,888, or AED 964 per sqft, 6% above the AED 909 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 5 August 2026, is AED 54,575 a year: a gross yield of 9.5% on the 2016 price.

Sales and rents for 516 over time

Sales
Unit 516, 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, June 2016: AED 574,888 (AED 964 per sqft)

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

Rents
Unit 516, 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 yearNew contract, October 2021: AED 28,000 a yearNew contract, August 2023: AED 45,000 a yearNew contract, August 2024: AED 47,250 a yearNew contract, August 2025: AED 49,612 a yearRenewal, August 2026: AED 54,575 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 516 sits

All 55 1-beds →

516 last sold in June 2016 at AED 964 per sqft, 6% above what one-beds in Safi Apartments 1B were fetching at the time (AED 909). 516's AED 54,575 is in the lower 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

516, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 19 June 2016 for AED 574,888, or AED 964 per sqft.
  • Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 38,000 to AED 28,000 in 2021 and recovered to AED 54,575 by August 2026.
  • At AED 54,575 a year the gross yield on the 2016 price is 9.5%.

Source: Dubai Land Department. Updated 5 August 2026.

Questions about 516, Safi Apartments 1B

What did unit 516 last sell for?

AED 574,888 on 19 June 2016, sold by the developer: AED 964 per sqft for 596 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 54,575 a year on the contract renewed on 5 August 2026. The previous contract, from August 2025, was AED 49,612; the unit has been rented since October 2019.

How big is unit 516?

596 sqft (55.4 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 516 worth today?

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

Selling 516? 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 516, Safi Apartments 1B

Starts from the last sale price (AED 575K, 19 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 574,888
Deposit, UAE resident (20%)
AED 114,978
Deposit, non-resident (40%)
AED 229,955
Monthly over 25 years at 3.7%
AED 2,352

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