2-bed · 883 sqftSafi Apartments 2A, Town Square · 4th floor · completed 2018

408, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 27 January 2026
Last soldAED 799K15 September 2015
Current rentAED 85K /yr27 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Safi Apartments 2A

What is 408 worth today?

Last sold for AED 798,888 in 2015

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27 Jan 2026RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
10 Jan 2025RentedRenewal
AED 59,895/yr12 months · AED 68 per sqft
10 Jan 2025RentedRenewal
AED 59,895/yr12 months · AED 68 per sqft
10 Jan 2023RentedRenewal
AED 54,450/yr12 months · AED 62 per sqft
10 Jan 2022RentedRenewal
AED 49,500/yr12 months · AED 56 per sqft
10 Jan 2021RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
10 Jan 2020RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
15 Sep 2015Sold by developerOff-plan
AED 798,888AED 904 per sqft

Source: Dubai Land Department. Updated 27 January 2026.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
4th of 7
Parking
G-52
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 799K · September 2015

About 408, Safi Apartments 2A

408 is a two-bedroom apartment of 883 sqft on the 4th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 15 September 2015 for AED 798,888, or AED 904 per sqft, 3% above the AED 874 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 27 January 2026, is AED 85,000 a year: a gross yield of 10.6% on the 2015 price, before the service charge of about AED 13,500 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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 798,888 (AED 904 per sqft)

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

Rents
Unit 408, 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, January 2020: AED 50,000 a yearRenewal, January 2021: AED 45,000 a yearRenewal, January 2022: AED 49,500 a yearRenewal, January 2023: AED 54,450 a yearRenewal, January 2025: AED 59,895 a yearRenewal, January 2025: AED 59,895 a yearNew contract, January 2026: AED 85,000 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 408 sits

All 97 2-beds →

408 last sold in September 2015 at AED 904 per sqft, 3% above what two-beds in Safi Apartments 2A were fetching at the time (AED 874). 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. 408's AED 85,000 is in the upper 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 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
4072-bedAED 700K · Jun 2022
1–7 of 22

408, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 15 September 2015 for AED 798,888, or AED 904 per sqft.
  • Rented since January 2020 on 7 Ejari contracts, from AED 50,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2015 price is 10.6%, 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 27 January 2026.

Questions about 408, Safi Apartments 2A

What did unit 408 last sell for?

AED 798,888 on 15 September 2015, sold by the developer: AED 904 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 85,000 a year on the contract signed on 27 January 2026. The previous contract, from January 2025, was AED 59,895; the unit has been rented since January 2020.

How big is unit 408?

883 sqft (82.0 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 408 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 408, Safi Apartments 2A

Starts from the last sale price (AED 799K, 15 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 798,888
Deposit, UAE resident (20%)
AED 159,778
Deposit, non-resident (40%)
AED 319,555
Monthly over 25 years at 3.7%
AED 3,268

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