2-bed · 1,456 sqftSafi Apartments 2A, Town Square · 1st floor · completed 2018

118, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 7 September 2026
Last soldAED 1.01M23 May 2017
Current rentAED 79K /yr7 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 118, Safi Apartments 2A

What is 118 worth today?

Last sold for AED 1,010,888 in 2017

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7 Sep 2026RentedRenewal
AED 79,000/yr12 months · AED 54 per sqft
7 Sep 2025RentedRenewal
AED 78,000/yr12 months · AED 54 per sqft
7 Sep 2024RentedRenewal
AED 60,000/yr12 months · AED 41 per sqft
7 Sep 2023RentedNew contract
AED 60,000/yr12 months · AED 41 per sqft
7 Aug 2021RentedNew contract
AED 60,000/yr13 months · AED 41 per sqft
5 Aug 2020RentedNew contract
AED 60,000/yr12 months · AED 41 per sqft
5 Aug 2019RentedNew contract
AED 70,000/yr12 months · AED 48 per sqft
23 May 2017Sold by developerOff-plan
AED 1,010,888AED 694 per sqft

Source: Dubai Land Department. Updated 7 September 2026.

Key facts

Type
2-bed apartment
Size
1,456 sqft
Floor
1st of 7
Parking
P-63
Developer
Nshmi Development
Completed
2018
Service charge
AED 22,300 /yr
Last sold
AED 1.01M · May 2017

About 118, Safi Apartments 2A

118 is a two-bedroom apartment of 1,456 sqft on the 1st floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 23 May 2017 for AED 1,010,888, or AED 694 per sqft, 5% below the AED 733 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 7 September 2026, is AED 79,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 22,300 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical two-bed in Safi Apartments 2A
800K1M1.2M20152018202120242027Typical sale price by year: 2015 AED 806,388; 2016 AED 790,888; 2020 AED 780,888; 2022 AED 732,500; 2023 AED 765,000; 2024 AED 890,000; 2025 AED 1,100,000; 2026 AED 1,130,000Sold by developer, May 2017: AED 1,010,888 (AED 694 per sqft)

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

Rents
Unit 118, each contractTypical two-bed in Safi Apartments 2A
40K60K80K201920222025Typical rent by year: 2019 AED 52,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 57,750; 2024 AED 65,100; 2025 AED 80,000; 2026 AED 80,000New contract, August 2019: AED 70,000 a yearNew contract, August 2020: AED 60,000 a yearNew contract, August 2021: AED 60,000 a yearNew contract, September 2023: AED 60,000 a yearRenewal, September 2024: AED 60,000 a yearRenewal, September 2025: AED 78,000 a yearRenewal, September 2026: AED 79,000 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 2A, and where 118 sits

All 97 2-beds →

118 last sold in May 2017 at AED 694 per sqft, 5% below what two-beds in Safi Apartments 2A were fetching at the time (AED 733). Over the last 12 months two-beds sold for AED 1,050,000 to 1,425,000, around AED 1,174 per sqft, and rent for AED 55,000 to 110,000 a year. 118's AED 79,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20261,100,000
18 Aug 20261,130,000
10 Aug 202640,138
3 Jul 20261,050,000
10 2-bed sales in the last 12 months

Safi Apartments 2A

Building

153 apartments, 1-bed to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 15 sold in the last 12 months.

Typical price per sqft
AED 1,251 Up 6.6%
Typical sale
AED 1.15M
Typical rent
AED 81K /yr
Typical yield
6.8%
Safi Apartments 2A, Town Square: prices, sales and rents →

Other units on the 1st floor

All 153 units in Safi Apartments 2A
Value
1012-bedAED 978K · Sep 2015
1023-bedAED 1.5M · Jan 2024
1032-bedAED 1.43M · May 2026
1042-bedAED 780K · Oct 2015
1052-bedAED 891K · Apr 2017
1063-bedAED 1.33M · Sep 2017
1072-bedAED 1.14M · Jan 2026
1–7 of 19

118, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 23 May 2017 for AED 1,010,888, or AED 694 per sqft.
  • Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2024 and recovered to AED 79,000 by September 2026.
  • At AED 79,000 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 22,300 a year (AED 15.28 per sqft).
  • Two-beds in Safi Apartments 2A sold for AED 1,050,000–1,425,000 in the 12 months to November 2026; the building's median across all types is AED 1,251 per sqft.

Source: Dubai Land Department. Updated 7 September 2026.

Questions about 118, Safi Apartments 2A

What did unit 118 last sell for?

AED 1,010,888 on 23 May 2017, sold by the developer: AED 694 per sqft for 1,456 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 79,000 a year on the contract renewed on 7 September 2026. The previous contract, from September 2025, was AED 78,000; the unit has been rented since August 2019.

How big is unit 118?

1,456 sqft (135.3 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 118 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 2A sold for AED 1,050,000 to 1,425,000 in the last 12 months, around AED 1,174 per sqft.

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Mortgage on 118, Safi Apartments 2A

Starts from the last sale price (AED 1.01M, 23 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,888
Deposit, UAE resident (20%)
AED 202,178
Deposit, non-resident (40%)
AED 404,355
Monthly over 25 years at 3.7%
AED 4,136

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