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2-bed · 1,041 sqftSafi Apartments 1B, Town Square · 6th floor · completed 2018

621, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 621 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 933K19 October 2015
Current rentAED 64K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 621, Safi Apartments 1B

What is 621 worth today?

Last sold for AED 932,888 in 2015

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1 Jul 2024RentedRenewal
AED 63,800/yr12 months · AED 61 per sqft
1 Jul 2023RentedRenewal
AED 58,000/yr12 months · AED 56 per sqft
1 Jul 2022RentedRenewal
AED 54,000/yr12 months · AED 52 per sqft
1 Jul 2021RentedNew contract
AED 49,000/yr12 months · AED 47 per sqft
1 Jun 2020RentedNew contract
AED 44,000/yr12 months · AED 42 per sqft
19 Oct 2015Sold by developerOff-plan
AED 932,888AED 896 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
1,041 sqft
Floor
6th of 7
Parking
P-397
Developer
Nshmi Development
Completed
2018
Last sold
AED 933K · October 2015
Building
Safi Apartments 1B

About 621, Safi Apartments 1B

621 is a two-bedroom apartment of 1,041 sqft on the 6th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 October 2015 for AED 932,888, or AED 896 per sqft, in line with the AED 874 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 63,800 a year: a gross yield of 6.8% on the 2015 price.

Sales and rents for 621 over time

Sales
Unit 621, 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, October 2015: AED 932,888 (AED 896 per sqft)

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

Rents
Unit 621, 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, June 2020: AED 44,000 a yearNew contract, July 2021: AED 49,000 a yearRenewal, July 2022: AED 54,000 a yearRenewal, July 2023: AED 58,000 a yearRenewal, July 2024: AED 63,800 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 621 sits

All 67 2-beds →

621 last sold in October 2015 at AED 896 per sqft, in line with what two-beds in Safi Apartments 1B were fetching at the time (AED 874). 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. 621's AED 63,800 is in the lower half 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 6th floor

All 181 units in Safi Apartments 1B
Value
6012-bedAED 1.03M · Oct 2026
6023-bedAED 1.98M · Apr 2025
6032-bedAED 806K · Oct 2015
604StudioAED 380K · Oct 2015
6051-bedAED 562K · Oct 2015
6063-bedAED 1.01M · Jul 2020
6072-bedAED 1.1M · Jun 2025
1–7 of 22

621, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 932,888, or AED 896 per sqft.
  • Rented since June 2020 on 5 Ejari contracts, from AED 44,000 to AED 63,800 a year.
  • At AED 63,800 a year the gross yield on the 2015 price is 6.8%.
  • 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 1 July 2024.

Questions about 621, Safi Apartments 1B

What did unit 621 last sell for?

AED 932,888 on 19 October 2015, sold by the developer: AED 896 per sqft for 1,041 sqft. It is the only registered sale of the unit.

What is the rent for unit 621?

AED 63,800 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 58,000; the unit has been rented since June 2020.

How big is unit 621?

1,041 sqft (96.7 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 621 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 621, Safi Apartments 1B

Starts from the last sale price (AED 933K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 932,888
Deposit, UAE resident (20%)
AED 186,578
Deposit, non-resident (40%)
AED 373,155
Monthly over 25 years at 3.7%
AED 3,817

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