2-bed · 963 sqftSafi Apartments 2A, Town Square · 3rd floor · completed 2018

303, Safi Apartments 2A

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 30 July 2024
Last soldAED 850K30 July 2024
Current rentAED 55K /yr30 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Safi Apartments 2A

What is 303 worth today?

Last sold for AED 850,000 in 2024

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30 Jul 2024SoldReady
AED 850,000AED 882 per sqft
30 Nov 2023RentedRenewal
AED 55,000/yr12 months · AED 57 per sqft
30 Nov 2022RentedRenewal
AED 50,000/yr12 months · AED 52 per sqft
30 Nov 2021RentedRenewal
AED 46,000/yr12 months · AED 48 per sqft
30 Nov 2020RentedNew contract
AED 40,000/yr12 months · AED 42 per sqft
14 Sep 2015Sold by developerOff-plan
AED 785,888AED 815 per sqft

Source: Dubai Land Department. Updated 30 July 2024.

Key facts

Type
2-bed apartment
Size
963 sqft
Floor
3rd of 7
Parking
G-99
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,700 /yr
Last sold
AED 850K · July 2024

About 303, Safi Apartments 2A

303 is a two-bedroom apartment of 963 sqft on the 3rd floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 30 July 2024 for AED 850,000, or AED 882 per sqft, in line with the AED 903 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 30 November 2023, is AED 55,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 14,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, September 2015: AED 785,888 (AED 815 per sqft)Sold, July 2024: AED 850,000 (AED 882 per sqft)

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

Rents
Unit 303, 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, November 2020: AED 40,000 a yearRenewal, November 2021: AED 46,000 a yearRenewal, November 2022: AED 50,000 a yearRenewal, November 2023: AED 55,000 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 303 sits

All 97 2-beds →

303 last sold in July 2024 at AED 882 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 903). 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. 303's AED 55,000 is at the bottom 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 3rd floor

All 153 units in Safi Apartments 2A
Value
3012-bedAED 885K · May 2023
3023-bedAED 1.18M · Oct 2015
3042-bedAED 750K · Sep 2023
3052-bedAED 771K · Oct 2015
3063-bedAED 1.18M · Oct 2015
3072-bedAED 975K · Nov 2024
3082-bedAED 816K · Oct 2015
1–7 of 22

303, Safi Apartments 2A in numbers

  • Sold twice: first on 14 September 2015 for AED 785,888, last on 30 July 2024 for AED 850,000 (AED 882 per sqft).
  • Rented since November 2020 on 4 Ejari contracts, from AED 40,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 6.5%, 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 30 July 2024.

Questions about 303, Safi Apartments 2A

What did unit 303 last sell for?

AED 850,000 on 30 July 2024: AED 882 per sqft for 963 sqft. The unit has 2 registered sales; the first was AED 785,888 in September 2015.

What is the rent for unit 303?

AED 55,000 a year on the contract renewed on 30 November 2023. The previous contract, from November 2022, was AED 50,000; the unit has been rented since November 2020.

How big is unit 303?

963 sqft (89.5 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 303 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 303, Safi Apartments 2A

Starts from the last sale price (AED 850K, 30 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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