Studio · 319 sqftSafi Apartments 1B, Town Square · 7th floor · completed 2018

704, 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.

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Unit 704 · DLD and Ejari recordsUpdated 16 December 2025

Last soldAED 427K12 June 2016

Current rentAED 36K /yr16 December 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 704, Safi Apartments 1B

Today

What is 704 worth today?

Last sold for AED 426,888 in 2016

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16 Dec 2025

16 Dec 2025RentedNew contract

AED 36,000/yr12 months · AED 111 per sqft

9 Dec 2024

9 Dec 2024RentedRenewal

AED 31,500/yr12 months · AED 101 per sqft

9 Dec 2023

9 Dec 2023RentedRenewal

AED 30,000/yr12 months · AED 93 per sqft

9 Dec 2022

9 Dec 2022RentedNew contract

AED 30,000/yr12 months · AED 93 per sqft

1 Feb 2022

1 Feb 2022RentedRenewal

AED 32,000/yr3 months · AED 99 per sqft

1 Aug 2021

1 Aug 2021RentedRenewal

AED 25,000/yr6 months · AED 77 per sqft

1 Aug 2020

1 Aug 2020RentedRenewal

AED 25,000/yr12 months · AED 77 per sqft

1 Aug 2019

1 Aug 2019RentedNew contract

AED 25,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 16 December 2025.

Key facts

Type: Studio apartment
Size: 319 sqft
Floor: 7th of 7
Parking: G-270
Developer: Nshmi Development
Completed: 2018
Last sold: AED 427K · June 2016
Building: Safi Apartments 1B

About 704, Safi Apartments 1B

704 is a studio of 319 sqft on the 7th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 12 June 2016 for AED 426,888, or AED 1,337 per sqft, 20% above the AED 1,117 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 16 December 2025, is AED 36,000 a year: a gross yield of 8.4% on the 2016 price.

Sales and rents for 704 over time

Sales

Unit 704, each saleTypical studio in Safi Apartments 1B

704 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 704, each contractTypical studio in Safi Apartments 1B

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Safi Apartments 1B, and where 704 sits

All 22 studios →

Studios in Safi Apartments 1B · last 12 months1,631 /sqft Safi Apartments 1B · all types1,276 /sqft

704 last sold in June 2016 at AED 1,337 per sqft, 20% above what studios in Safi Apartments 1B were fetching at the time (AED 1,117). Over the last 12 months studios sold for AED 525,000 to 528,000, around AED 1,631 per sqft, and rent for AED 30,000 to 42,000 a year. 704's AED 36,000 is in the upper half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
23 Mar 202623 March 2026	319 sqft	525,000	1,645
16 Mar 202616 March 2026	327 sqft	528,000	1,616
18 Sep 202518 September 2025	327 sqft	450,000	1,377
24 Jul 202524 July 2025	330 sqft	390,000	1,181

2 studio 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 7th floor

All 181 units in Safi Apartments 1B


701	2-bed	937 sqft	AED 900KAED 900,000 · Aug 2024August 2024	54,000 /yr
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
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

1–7 of 22

704, Safi Apartments 1B in numbers

Sold once: by Nshmi Development on 12 June 2016 for AED 426,888, or AED 1,337 per sqft.
Rented since August 2019 on 8 Ejari contracts, from AED 25,000 to AED 36,000 a year.
At AED 36,000 a year the gross yield on the 2016 price is 8.4%.
Studios in Safi Apartments 1B sold for AED 525,000–528,000 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 16 December 2025.

Questions about 704, Safi Apartments 1B

What did unit 704 last sell for?

AED 426,888 on 12 June 2016, sold by the developer: AED 1,337 per sqft for 319 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 36,000 a year on the contract signed on 16 December 2025. The previous contract, from December 2024, was AED 31,500; the unit has been rented since August 2019.

How big is unit 704?

319 sqft (29.6 sqm): a studio on the 7th floor of a 7-storey tower completed in 2018.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safi Apartments 1B sold for AED 525,000 to 528,000 in the last 12 months, around AED 1,631 per sqft.

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Mortgage on 704, Safi Apartments 1B

Starts from the last sale price (AED 427K, 12 June 2016). Switch to today's estimate once you have unlocked it.

Price: AED 426,888
Deposit, UAE resident (20%): AED 85,378
Deposit, non-resident (40%): AED 170,755
Monthly over 25 years at 3.7%: AED 1,747

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