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2-bed · 882 sqftSafi Apartments 2A, Town Square · 3rd floor · completed 2018

305, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 771K13 October 2015
Current rentAED 75K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Safi Apartments 2A

What is 305 worth today?

Last sold for AED 770,888 in 2015

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1 Jun 2024RentedRenewal
AED 75,000/yr12 months · AED 86 per sqft
1 Jun 2023RentedRenewal
AED 68,250/yr12 months · AED 77 per sqft
1 Jun 2022RentedNew contract
AED 65,000/yr12 months · AED 74 per sqft
13 Oct 2015Sold by developerOff-plan
AED 770,888AED 873 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
2-bed apartment
Size
882 sqft
Floor
3rd of 7
Parking
G-97
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 771K · October 2015
Building
Safi Apartments 2A

About 305, Safi Apartments 2A

305 is a two-bedroom apartment of 882 sqft on the 3rd 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 770,888, or AED 873 per sqft, in line with the AED 865 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 75,000 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 305 over time

Sales
Unit 305, 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 770,888 (AED 873 per sqft)

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

Rents
Unit 305, 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, June 2022: AED 65,000 a yearRenewal, June 2023: AED 68,250 a yearRenewal, June 2024: AED 75,000 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 305 sits

All 97 2-beds →

305 last sold in October 2015 at AED 873 per sqft, in line with 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. 305's AED 75,000 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 3rd floor

All 153 units in Safi Apartments 2A
Value
3012-bedAED 885K · May 2023
3023-bedAED 1.18M · Oct 2015
3032-bedAED 850K · Jul 2024
3042-bedAED 750K · Sep 2023
3063-bedAED 1.18M · Oct 2015
3072-bedAED 975K · Nov 2024
3082-bedAED 816K · Oct 2015
1–7 of 22

305, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 13 October 2015 for AED 770,888, or AED 873 per sqft.
  • Rented since June 2022 on 3 Ejari contracts, from AED 65,000 to AED 75,000 a year.
  • At AED 75,000 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 June 2024.

Questions about 305, Safi Apartments 2A

What did unit 305 last sell for?

AED 770,888 on 13 October 2015, sold by the developer: AED 873 per sqft for 882 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 75,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 68,250; the unit has been rented since June 2022.

How big is unit 305?

882 sqft (81.9 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 305 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 305, Safi Apartments 2A

Starts from the last sale price (AED 771K, 13 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 770,888
Deposit, UAE resident (20%)
AED 154,178
Deposit, non-resident (40%)
AED 308,355
Monthly over 25 years at 3.7%
AED 3,154

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