Home
Dubai prices
About
Research
2-bed · 881 sqftSafi Apartments 2A, Town Square · 4th floor · completed 2018

407, Safi Apartments 2A

Sold prices and rental history: sold twice, last in June 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 7 June 2022
Last soldAED 700K7 June 2022
Current rentAED 45K /yr5 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 407

Property timeline for 407, Safi Apartments 2A

What is 407 worth today?

Last sold for AED 700,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

7 Jun 2022SoldReady
AED 700,000AED 794 per sqft
5 Sep 2020RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
5 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
13 Oct 2015Sold by developerOff-plan
AED 797,888AED 905 per sqft

Source: Dubai Land Department. Updated 7 June 2022.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
4th of 7
Parking
G-53
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 700K · June 2022
Building
Safi Apartments 2A

About 407, Safi Apartments 2A

407 is a two-bedroom apartment of 881 sqft on the 4th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 7 June 2022 for AED 700,000, or AED 794 per sqft, in line with the AED 790 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 5 September 2020, is AED 45,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 13,500 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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 797,888 (AED 905 per sqft)Sold, June 2022: AED 700,000 (AED 794 per sqft)

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

Rents
Unit 407, 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 yearRenewal, September 2020: AED 45,000 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 407 sits

All 97 2-beds →

407 last sold in June 2022 at AED 794 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 790). 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. 407's AED 45,000 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 4th floor

All 153 units in Safi Apartments 2A
Value
4012-bedAED 829K · Sep 2015
4023-bedAED 1.19M · Sep 2015
4032-bedAED 791K · Oct 2015
4042-bedAED 1.05M · Nov 2025
4052-bedAED 1.03M · May 2024
4063-bedAED 1.19M · Sep 2015
4082-bedAED 799K · Sep 2015
1–7 of 22

407, Safi Apartments 2A in numbers

  • Sold twice: first on 13 October 2015 for AED 797,888, last on 7 June 2022 for AED 700,000 (AED 794 per sqft).
  • Rented since September 2019 on 2 Ejari contracts, from AED 50,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 6.4%, 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 7 June 2022.

Questions about 407, Safi Apartments 2A

What did unit 407 last sell for?

AED 700,000 on 7 June 2022: AED 794 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 797,888 in October 2015.

What is the rent for unit 407?

AED 45,000 a year on the contract renewed on 5 September 2020. The previous contract, from September 2019, was AED 50,000.

How big is unit 407?

881 sqft (81.8 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 407 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.

Selling 407? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 407, Safi Apartments 2A

Starts from the last sale price (AED 700K, 7 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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