701, Safi Apartments 1B
Sold prices and rental history: sold twice, last in August 2024, 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 701, Safi Apartments 1B
What is 701 worth today?
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Source: Dubai Land Department. Updated 19 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 937 sqft
- Floor
- 7th of 7
- Parking
- P-412
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 900K · August 2024
- Building
- Safi Apartments 1B
About 701, Safi Apartments 1B
701 is a two-bedroom apartment of 937 sqft on the 7th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 19 August 2024 for AED 900,000, or AED 960 per sqft, 10% above the AED 870 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 10 August 2023, is AED 54,000 a year: a gross yield of 6.0% on the 2024 price.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the two-bed median of each year in the building.
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 701 sits
All 67 2-beds →701 last sold in August 2024 at AED 960 per sqft, 10% above what two-beds in Safi Apartments 1B were fetching at the time (AED 870). 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. 701's AED 54,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 937 sqft | 1,030,000 | 1,099 | ||
| 4 Sep 20264 September 2026 | 881 sqft | 1,100,000 | 1,248 | ||
| 15 May 202615 May 2026 | 937 sqft | 987,000 | 1,053 | ||
| 13 Mar 202613 March 2026 | 937 sqft | 1,200,000 | 1,281 |
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 7th floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 1,498 sqft | AED 1.25MAED 1,249,888 · Oct 2015October 2015 | 160,800 /yr | |
| 703 | 2-bed | 929 sqft | AED 1.24MAED 1,235,000 · May 2025May 2025 | 82,500 /yr | |
| 704 | Studio | 319 sqft | AED 427KAED 426,888 · Jun 2016June 2016 | 36,000 /yr | |
| 705 | 1-bed | 596 sqft | AED 565KAED 564,888 · Oct 2015October 2015 | 52,500 /yr | |
| 706 | 3-bed | 1,408 sqft | AED 925KAED 925,000 · Apr 2021April 2021 | 60,000 /yr | |
| 707 | 2-bed | 881 sqft | AED 771KAED 770,888 · Oct 2015October 2015 | 80,000 /yr | |
| 708 | 2-bed | 883 sqft | AED 800KAED 799,999 · Jan 2018January 2018 | 115,000 /yr | |
| 709 | 1-bed | 629 sqft | AED 613KAED 612,888 · Jul 2016July 2016 | 47,500 /yr | |
| 710 | 1-bed | 629 sqft | AED 556KAED 555,888 · Oct 2015October 2015 | 66,000 /yr | |
| 711 | 2-bed | 883 sqft | AED 650KAED 650,000 · Oct 2019October 2019 | 105,000 /yr | |
| 712 | 2-bed | 881 sqft | AED 776KAED 775,888 · Oct 2015October 2015 | 80,000 /yr | |
| 713 | 3-bed | 1,408 sqft | AED 1.36MAED 1,360,000 · Apr 2024April 2024 | 120,000 /yr | |
| 714 | 1-bed | 596 sqft | AED 575KAED 574,888 · Jul 2016July 2016 | 55,000 /yr | |
| 715 | Studio | 319 sqft | AED 350KAED 350,000 · Jun 2023June 2023 | 38,000 /yr | |
| 716 | 2-bed | 929 sqft | AED 1.19MAED 1,190,000 · Feb 2026February 2026 | 65,000 /yr | |
| 717 | 3-bed | 1,498 sqft | AED 985KAED 985,000 · Aug 2021August 2021 | 70,000 /yr | |
| 718 | 2-bed | 937 sqft | AED 1.2MAED 1,200,000 · Mar 2026March 2026 | 90,000 /yr | |
| 719 | 1-bed | 573 sqft | AED 530KAED 530,000 · Oct 2019October 2019 | ||
| 720 | 2-bed | 976 sqft | AED 789KAED 788,888 · Jul 2020July 2020 | 60,000 /yr | |
| 721 | 2-bed | 1,041 sqft | AED 1.1MAED 1,100,000 · May 2019May 2019 | ||
| 722 | 2-bed | 904 sqft | AED 834KAED 833,888 · Oct 2015October 2015 | 67,000 /yr | |
| 723 | 3-bed | 1,340 sqft | AED 1.02MAED 1,020,888 · Jun 2020June 2020 |
701, Safi Apartments 1B in numbers
- Sold twice: first on 19 October 2015 for AED 843,888, last on 19 August 2024 for AED 900,000 (AED 960 per sqft).
- Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2021 and recovered to AED 54,000 by August 2023.
- At AED 54,000 a year the gross yield on the 2024 price is 6.0%.
- 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 19 August 2024.
Questions about 701, Safi Apartments 1B
What did unit 701 last sell for?
AED 900,000 on 19 August 2024: AED 960 per sqft for 937 sqft. The unit has 2 registered sales; the first was AED 843,888 in October 2015.
What is the rent for unit 701?
AED 54,000 a year on the contract renewed on 10 August 2023. The previous contract, from August 2022, was AED 49,000; the unit has been rented since July 2019.
How big is unit 701?
937 sqft (87.1 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.
What is unit 701 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 701, Safi Apartments 1B
Starts from the last sale price (AED 900K, 19 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →