2-bed · 886 sqftSafi Apartments 2A, Town Square · 2nd floor · completed 2018

220, Safi Apartments 2A

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 220 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 825K9 October 2024
Current rentAED 57K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 220, Safi Apartments 2A

What is 220 worth today?

Last sold for AED 825,000 in 2024

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9 Oct 2024SoldReady
AED 825,000AED 930 per sqft
1 Sep 2024RentedNew contract
AED 56,925/yr12 months · AED 64 per sqft
1 Sep 2024RentedRenewal
AED 56,925/yr12 months · AED 64 per sqft
1 Sep 2023RentedRenewal
AED 49,500/yr12 months · AED 56 per sqft
1 Sep 2022RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
1 Sep 2021RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
1 Sep 2020RentedNew contract
AED 45,000/yr12 months · AED 51 per sqft
15 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
886 sqft
Floor
2nd of 7
Parking
G-117
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 825K · October 2024

About 220, Safi Apartments 2A

220 is a two-bedroom apartment of 886 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 9 October 2024 for AED 825,000, or AED 930 per sqft, in line with the AED 918 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 1 September 2024, is AED 56,925 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 13,500 a year.

Sales and rents for 220 over time

Sales
Unit 220, 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 794,888 (AED 896 per sqft)Sold, October 2024: AED 825,000 (AED 930 per sqft)

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

Rents
Unit 220, 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 2019: AED 55,000 a yearNew contract, September 2020: AED 45,000 a yearRenewal, September 2021: AED 45,000 a yearRenewal, September 2022: AED 45,000 a yearRenewal, September 2023: AED 49,500 a yearNew contract, September 2024: AED 56,925 a yearRenewal, September 2024: AED 56,925 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 220 sits

All 97 2-beds →

220 last sold in October 2024 at AED 930 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 918). 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. 220's AED 56,925 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

220, Safi Apartments 2A in numbers

  • Sold twice: first on 13 October 2015 for AED 794,888, last on 9 October 2024 for AED 825,000 (AED 930 per sqft).
  • Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2022 and recovered to AED 56,925 by September 2024.
  • At AED 56,925 a year the gross yield on the 2024 price is 6.9%, 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 9 October 2024.

Questions about 220, Safi Apartments 2A

What did unit 220 last sell for?

AED 825,000 on 9 October 2024: AED 930 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 794,888 in October 2015.

What is the rent for unit 220?

AED 56,925 a year on the contract signed on 1 September 2024. The previous contract, from September 2024, was AED 56,925; the unit has been rented since August 2019.

How big is unit 220?

886 sqft (82.3 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 220 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 220, Safi Apartments 2A

Starts from the last sale price (AED 825K, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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