2-bed · 882 sqftSafi Apartments 2A, Town Square · 2nd floor · completed 2018

214, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 214 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 700K13 October 2015
Current rentAED 68K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 214, Safi Apartments 2A

What is 214 worth today?

Last sold for AED 699,988 in 2015

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1 Nov 2023RentedRenewal
AED 68,000/yr12 months · AED 77 per sqft
1 Nov 2022RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
1 Nov 2021RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
1 Nov 2020RentedNew contract
AED 42,000/yr12 months · AED 48 per sqft
1 Oct 2019RentedNew contract
AED 52,000/yr12 months · AED 59 per sqft
13 Oct 2015Sold by developerOff-plan
AED 699,988AED 793 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
882 sqft
Floor
2nd of 7
Parking
G-85
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 700K · October 2015

About 214, Safi Apartments 2A

214 is a two-bedroom apartment of 882 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 13 October 2015 for AED 699,988, or AED 793 per sqft, 8% below the AED 865 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 1 November 2023, is AED 68,000 a year: a gross yield of 9.7% on the 2015 price, before the service charge of about AED 13,500 a year.

Sales and rents for 214 over time

Sales
Unit 214, 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, October 2015: AED 699,988 (AED 793 per sqft)

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

Rents
Unit 214, 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, October 2019: AED 52,000 a yearNew contract, November 2020: AED 42,000 a yearRenewal, November 2021: AED 45,000 a yearRenewal, November 2022: AED 45,000 a yearRenewal, November 2023: AED 68,000 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 214 sits

All 97 2-beds →

214 last sold in October 2015 at AED 793 per sqft, 8% below what two-beds in Safi Apartments 2A were fetching at the time (AED 865). 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. 214's AED 68,000 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

214, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 13 October 2015 for AED 699,988, or AED 793 per sqft.
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 42,000 in 2020 and recovered to AED 68,000 by November 2023.
  • At AED 68,000 a year the gross yield on the 2015 price is 9.7%, 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 1 November 2023.

Questions about 214, Safi Apartments 2A

What did unit 214 last sell for?

AED 699,988 on 13 October 2015, sold by the developer: AED 793 per sqft for 882 sqft. It is the only registered sale of the unit.

What is the rent for unit 214?

AED 68,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 45,000; the unit has been rented since October 2019.

How big is unit 214?

882 sqft (81.9 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 214 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 214, Safi Apartments 2A

Starts from the last sale price (AED 700K, 13 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 699,988
Deposit, UAE resident (20%)
AED 139,998
Deposit, non-resident (40%)
AED 279,995
Monthly over 25 years at 3.7%
AED 2,864

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