2-bed · 881 sqftSafi Apartments 2A, Town Square · 2nd floor · completed 2018

212, Safi Apartments 2A

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

Unit 212 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 781K19 June 2020
Current rentAED 80K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 212, Safi Apartments 2A

What is 212 worth today?

Last sold for AED 780,888 in 2020

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20 Aug 2024RentedRenewal
AED 80,000/yr12 months · AED 91 per sqft
20 Aug 2023RentedRenewal
AED 73,000/yr12 months · AED 83 per sqft
20 Aug 2022RentedRenewal
AED 49,450/yr12 months · AED 56 per sqft
20 Aug 2021RentedRenewal
AED 43,000/yr12 months · AED 49 per sqft
20 Aug 2020RentedNew contract
AED 43,000/yr12 months · AED 49 per sqft
19 Jun 2020Sold by developerReady
AED 780,888AED 886 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
2nd of 7
Parking
G-84
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 781K · June 2020

About 212, Safi Apartments 2A

212 is a two-bedroom apartment of 881 sqft on the 2nd floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 June 2020 for AED 780,888, or AED 886 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 August 2024, is AED 80,000 a year: a gross yield of 10.2% on the 2020 price, before the service charge of about AED 13,500 a year.

Sales and rents for 212 over time

Sales
Unit 212, 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, June 2020: AED 780,888 (AED 886 per sqft)

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

Rents
Unit 212, each contractTypical two-bed in Safi Apartments 2A
40K60K80K20192021202320252027Typical 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 2020: AED 43,000 a yearRenewal, August 2021: AED 43,000 a yearRenewal, August 2022: AED 49,450 a yearRenewal, August 2023: AED 73,000 a yearRenewal, August 2024: AED 80,000 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 212 sits

All 97 2-beds →

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. 212's AED 80,000 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 2nd floor

All 153 units in Safi Apartments 2A
Value
2012-bedAED 780K · May 2023
2023-bedAED 1.09M · Sep 2020
2032-bedAED 776K · Sep 2015
2042-bedAED 779K · Oct 2015
2052-bedAED 771K · Oct 2015
2063-bedAED 1.29M · Sep 2017
2072-bedAED 825K · Feb 2024
1–7 of 21

212, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 19 June 2020 for AED 780,888, or AED 886 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 43,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 10.2%, before a service charge of about AED 13,500 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 20 August 2024.

Questions about 212, Safi Apartments 2A

What did unit 212 last sell for?

AED 780,888 on 19 June 2020, sold by the developer: AED 886 per sqft for 881 sqft. It is the only registered sale of the unit.

What is the rent for unit 212?

AED 80,000 a year on the contract renewed on 20 August 2024. The previous contract, from August 2023, was AED 73,000; the unit has been rented since August 2020.

How big is unit 212?

881 sqft (81.8 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 212 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 212, Safi Apartments 2A

Starts from the last sale price (AED 781K, 19 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 780,888
Deposit, UAE resident (20%)
AED 156,178
Deposit, non-resident (40%)
AED 312,355
Monthly over 25 years at 3.7%
AED 3,195

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