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3-bed · 1,498 sqftSafi Apartments 1B, Town Square · 7th floor · completed 2018

717, Safi Apartments 1B

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

Unit 717 · DLD and Ejari recordsUpdated 2 August 2021
Last soldAED 985K2 August 2021
Current rentAED 70K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 717, Safi Apartments 1B

What is 717 worth today?

Last sold for AED 985,000 in 2021

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2 Aug 2021SoldReady
AED 985,000AED 657 per sqft
1 Nov 2020RentedNew contract
AED 70,000/yr12 months · AED 47 per sqft
1 Oct 2019RentedNew contract
AED 85,000/yr12 months · AED 57 per sqft
19 Oct 2015Sold by developerOff-plan
AED 1,249,888AED 834 per sqft

Source: Dubai Land Department. Updated 2 August 2021.

Key facts

Type
3-bed apartment
Size
1,498 sqft
Floor
7th of 7
Parking
P-443
Developer
Nshmi Development
Completed
2018
Last sold
AED 985K · August 2021
Building
Safi Apartments 1B

About 717, Safi Apartments 1B

717 is a three-bedroom apartment of 1,498 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 2 August 2021 for AED 985,000, or AED 657 per sqft, in line with the AED 656 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 November 2020, is AED 70,000 a year: a gross yield of 7.1% on the 2021 price.

Sales and rents for 717 over time

Sales
Unit 717, each saleTypical three-bed in Safi Apartments 1B
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,164,888; 2017 AED 1,341,888; 2018 AED 1,399,888; 2020 AED 1,025,888; 2021 AED 937,500; 2023 AED 1,150,000; 2024 AED 1,360,000; 2025 AED 1,780,000Sold by developer, October 2015: AED 1,249,888 (AED 834 per sqft)Sold, August 2021: AED 985,000 (AED 657 per sqft)

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

Rents
Unit 717, each contractTypical three-bed in Safi Apartments 1B
100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 64,500; 2021 AED 68,000; 2022 AED 74,775; 2023 AED 84,500; 2024 AED 108,000; 2025 AED 120,000; 2026 AED 125,000New contract, October 2019: AED 85,000 a yearNew contract, November 2020: AED 70,000 a year

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

3-beds in Safi Apartments 1B, and where 717 sits

All 37 3-beds →

717 last sold in August 2021 at AED 657 per sqft, in line with what three-beds in Safi Apartments 1B were fetching at the time (AED 656). Over the last 12 months three-beds sold for AED 1,660,000 to 1,800,000, around AED 1,253 per sqft, and rent for AED 114,000 to 220,000 a year. 717's AED 70,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 May 20261,800,000
4 Feb 20261,660,000
11 Jul 20251,780,000
13 May 20251,590,000
2 3-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 7th floor

All 181 units in Safi Apartments 1B
Value
7012-bedAED 900K · Aug 2024
7023-bedAED 1.25M · Oct 2015
7032-bedAED 1.24M · May 2025
704StudioAED 427K · Jun 2016
7051-bedAED 565K · Oct 2015
7063-bedAED 925K · Apr 2021
7072-bedAED 771K · Oct 2015
1–7 of 22

717, Safi Apartments 1B in numbers

  • Sold twice: first on 19 October 2015 for AED 1,249,888, last on 2 August 2021 for AED 985,000 (AED 657 per sqft).
  • Rented since October 2019 on 2 Ejari contracts, from AED 85,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2021 price is 7.1%.
  • Three-beds in Safi Apartments 1B sold for AED 1,660,000–1,800,000 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 2 August 2021.

Questions about 717, Safi Apartments 1B

What did unit 717 last sell for?

AED 985,000 on 2 August 2021: AED 657 per sqft for 1,498 sqft. The unit has 2 registered sales; the first was AED 1,249,888 in October 2015.

What is the rent for unit 717?

AED 70,000 a year on the contract signed on 1 November 2020. The previous contract, from October 2019, was AED 85,000.

How big is unit 717?

1,498 sqft (139.2 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 717 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 1B sold for AED 1,660,000 to 1,800,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 717, Safi Apartments 1B

Starts from the last sale price (AED 985K, 2 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 985,000
Deposit, UAE resident (20%)
AED 197,000
Deposit, non-resident (40%)
AED 394,000
Monthly over 25 years at 3.7%
AED 4,030

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