2-bed · 1,040 sqftSafi Apartments 2A, Town Square · 4th floor · completed 2018

421, Safi Apartments 2A

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

Unit 421 · DLD and Ejari recordsUpdated 23 October 2024
Last soldAED 950K29 August 2024
Current rentAED 66K /yr23 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 421, Safi Apartments 2A

What is 421 worth today?

Last sold for AED 950,000 in 2024

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23 Oct 2024RentedRenewal
AED 66,150/yr12 months · AED 64 per sqft
29 Aug 2024SoldReady
AED 950,000AED 913 per sqft
23 Oct 2023RentedRenewal
AED 63,000/yr12 months · AED 61 per sqft
23 Oct 2022RentedNew contract
AED 60,000/yr12 months · AED 58 per sqft
16 Jul 2022RentedRenewal
AED 51,000/yr12 months · AED 49 per sqft
16 Jul 2021RentedRenewal
AED 47,000/yr12 months · AED 45 per sqft
16 Jul 2020RentedRenewal
AED 47,000/yr12 months · AED 45 per sqft
16 Jul 2019RentedNew contract
AED 65,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 23 October 2024.

Key facts

Type
2-bed apartment
Size
1,040 sqft
Floor
4th of 7
Parking
G-200
Developer
Nshmi Development
Completed
2018
Service charge
AED 15,900 /yr
Last sold
AED 950K · August 2024

About 421, Safi Apartments 2A

421 is a two-bedroom apartment of 1,040 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 29 August 2024 for AED 950,000, or AED 913 per sqft, in line with the AED 913 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 23 October 2024, is AED 66,150 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 15,900 a year.

Sales and rents for 421 over time

Sales
Unit 421, 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 922,888 (AED 887 per sqft)Sold, August 2024: AED 950,000 (AED 913 per sqft)

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

Rents
Unit 421, 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, July 2019: AED 65,000 a yearRenewal, July 2020: AED 47,000 a yearRenewal, July 2021: AED 47,000 a yearRenewal, July 2022: AED 51,000 a yearNew contract, October 2022: AED 60,000 a yearRenewal, October 2023: AED 63,000 a yearRenewal, October 2024: AED 66,150 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 421 sits

All 97 2-beds →

421 last sold in August 2024 at AED 913 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 913). 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. 421's AED 66,150 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 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

421, Safi Apartments 2A in numbers

  • Sold twice: first on 19 October 2015 for AED 922,888, last on 29 August 2024 for AED 950,000 (AED 913 per sqft).
  • Rented since July 2019 on 7 Ejari contracts. The rent fell from AED 65,000 to AED 47,000 in 2021 and recovered to AED 66,150 by October 2024.
  • At AED 66,150 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 15,900 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 23 October 2024.

Questions about 421, Safi Apartments 2A

What did unit 421 last sell for?

AED 950,000 on 29 August 2024: AED 913 per sqft for 1,040 sqft. The unit has 2 registered sales; the first was AED 922,888 in October 2015.

What is the rent for unit 421?

AED 66,150 a year on the contract renewed on 23 October 2024. The previous contract, from October 2023, was AED 63,000; the unit has been rented since July 2019.

How big is unit 421?

1,040 sqft (96.6 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 421 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 421, Safi Apartments 2A

Starts from the last sale price (AED 950K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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