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2-bed · 964 sqftSafi Apartments 2A, Town Square · 2nd floor · completed 2018

216, Safi Apartments 2A

Sold prices and rental history: sold twice, last in August 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 720K17 August 2023
Current rentAED 65K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, Safi Apartments 2A

What is 216 worth today?

Last sold for AED 720,000 in 2023

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1 Jul 2024RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
17 Aug 2023SoldReady
AED 720,000AED 746 per sqft
1 Jul 2022RentedNew contract
AED 58,000/yr12 months · AED 60 per sqft
18 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
25 Oct 2015Sold by developerOff-plan
AED 736,888AED 764 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
964 sqft
Floor
2nd of 7
Parking
G-119
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,700 /yr
Last sold
AED 720K · August 2023
Building
Safi Apartments 2A

About 216, Safi Apartments 2A

216 is a two-bedroom apartment of 964 sqft on the 2nd floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 17 August 2023 for AED 720,000, or AED 746 per sqft, 9% below the AED 818 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 July 2024, is AED 65,000 a year: a gross yield of 9.0% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 216 over time

Sales
Unit 216, 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 736,888 (AED 764 per sqft)Sold, August 2023: AED 720,000 (AED 746 per sqft)

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

Rents
Unit 216, 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, September 2019: AED 50,000 a yearNew contract, July 2022: AED 58,000 a yearNew contract, July 2024: AED 65,000 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 216 sits

All 97 2-beds →

216 last sold in August 2023 at AED 746 per sqft, 9% below what two-beds in Safi Apartments 2A were fetching at the time (AED 818). 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. 216's AED 65,000 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

216, Safi Apartments 2A in numbers

  • Sold twice: first on 25 October 2015 for AED 736,888, last on 17 August 2023 for AED 720,000 (AED 746 per sqft).
  • Rented since September 2019 on 3 Ejari contracts, from AED 50,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 9.0%, before a service charge of about AED 14,700 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 July 2024.

Questions about 216, Safi Apartments 2A

What did unit 216 last sell for?

AED 720,000 on 17 August 2023: AED 746 per sqft for 964 sqft. The unit has 2 registered sales; the first was AED 736,888 in October 2015.

What is the rent for unit 216?

AED 65,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2022, was AED 58,000; the unit has been rented since September 2019.

How big is unit 216?

964 sqft (89.6 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 216 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 216, Safi Apartments 2A

Starts from the last sale price (AED 720K, 17 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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