2-bed · 1,002 sqftSafi Apartments 2A, Town Square · 3rd floor · completed 2018

311, Safi Apartments 2A

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

Unit 311 · DLD and Ejari recordsUpdated 12 October 2024
Last soldAED 815K2 February 2024
Current rentAED 57K /yr12 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Safi Apartments 2A

What is 311 worth today?

Last sold for AED 815,000 in 2024

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12 Oct 2024RentedRenewal
AED 56,500/yr6 months · AED 56 per sqft
2 Feb 2024SoldReady
AED 815,000AED 813 per sqft
12 Oct 2023RentedRenewal
AED 53,130/yr12 months · AED 53 per sqft
12 Oct 2022RentedRenewal
AED 50,600/yr12 months · AED 50 per sqft
12 Oct 2021RentedRenewal
AED 46,000/yr12 months · AED 46 per sqft
12 Oct 2020RentedRenewal
AED 43,000/yr12 months · AED 43 per sqft
12 Oct 2019RentedNew contract
AED 50,000/yr12 months · AED 50 per sqft
26 Oct 2015Sold by developerOff-plan
AED 815,888AED 814 per sqft

Source: Dubai Land Department. Updated 12 October 2024.

Key facts

Type
2-bed apartment
Size
1,002 sqft
Floor
3rd of 7
Parking
G-88
Developer
Nshmi Development
Completed
2018
Service charge
AED 15,300 /yr
Last sold
AED 815K · February 2024

About 311, Safi Apartments 2A

311 is a two-bedroom apartment of 1,002 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 2 February 2024 for AED 815,000, or AED 813 per sqft, in line with the AED 832 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 12 October 2024, is AED 56,500 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 15,300 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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 815,888 (AED 814 per sqft)Sold, February 2024: AED 815,000 (AED 813 per sqft)

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

Rents
Unit 311, 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 50,000 a yearRenewal, October 2020: AED 43,000 a yearRenewal, October 2021: AED 46,000 a yearRenewal, October 2022: AED 50,600 a yearRenewal, October 2023: AED 53,130 a yearRenewal, October 2024: AED 56,500 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 311 sits

All 97 2-beds →

311 last sold in February 2024 at AED 813 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 832). 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. 311's AED 56,500 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
3052-bedAED 771K · Oct 2015
3063-bedAED 1.18M · Oct 2015
3072-bedAED 975K · Nov 2024
1–7 of 22

311, Safi Apartments 2A in numbers

  • Sold twice: first on 26 October 2015 for AED 815,888, last on 2 February 2024 for AED 815,000 (AED 813 per sqft).
  • Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 43,000 in 2020 and recovered to AED 56,500 by October 2024.
  • At AED 56,500 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 15,300 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 12 October 2024.

Questions about 311, Safi Apartments 2A

What did unit 311 last sell for?

AED 815,000 on 2 February 2024: AED 813 per sqft for 1,002 sqft. The unit has 2 registered sales; the first was AED 815,888 in October 2015.

What is the rent for unit 311?

AED 56,500 a year on the contract renewed on 12 October 2024. The previous contract, from October 2023, was AED 53,130; the unit has been rented since October 2019.

How big is unit 311?

1,002 sqft (93.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 311 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 311, Safi Apartments 2A

Starts from the last sale price (AED 815K, 2 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 815,000
Deposit, UAE resident (20%)
AED 163,000
Deposit, non-resident (40%)
AED 326,000
Monthly over 25 years at 3.7%
AED 3,334

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