3-bed · 1,340 sqftSafi Apartments 2A, Town Square · 4th floor · completed 2018

423, 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 423 · DLD and Ejari recordsUpdated 13 February 2024
Last soldAED 1.33M13 February 2024
Current rentAED 110K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 423, Safi Apartments 2A

What is 423 worth today?

Last sold for AED 1,330,000 in 2024

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13 Feb 2024SoldReady
AED 1,330,000AED 992 per sqft
1 Jan 2023RentedRenewal
AED 110,000/yr12 months · AED 82 per sqft
1 Jan 2022RentedNew contract
AED 95,000/yr12 months · AED 71 per sqft
31 Aug 2020RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
1 Sep 2019RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
19 Oct 2015Sold by developerOff-plan
AED 1,125,888AED 840 per sqft

Source: Dubai Land Department. Updated 13 February 2024.

Key facts

Type
3-bed apartment
Size
1,340 sqft
Floor
4th of 7
Parking
P-81
Developer
Nshmi Development
Completed
2018
Service charge
AED 20,500 /yr
Last sold
AED 1.33M · February 2024

About 423, Safi Apartments 2A

423 is a three-bedroom apartment of 1,340 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 13 February 2024 for AED 1,330,000, or AED 992 per sqft, 4% above the AED 953 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 January 2023, is AED 110,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 20,500 a year.

Sales and rents for 423 over time

Sales
Unit 423, each saleTypical three-bed in Safi Apartments 2A
1M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,185,888; 2016 AED 1,239,888; 2017 AED 1,318,888; 2020 AED 1,064,888; 2021 AED 1,208,888; 2022 AED 1,100,000; 2024 AED 1,417,500; 2025 AED 1,620,000; 2026 AED 1,840,000Sold by developer, October 2015: AED 1,125,888 (AED 840 per sqft)Sold, February 2024: AED 1,330,000 (AED 992 per sqft)

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

Rents
Unit 423, each contractTypical three-bed in Safi Apartments 2A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 72,000; 2020 AED 65,000; 2021 AED 69,100; 2022 AED 80,000; 2023 AED 87,500; 2024 AED 104,875; 2025 AED 118,000; 2026 AED 120,000New contract, September 2019: AED 75,000 a yearNew contract, August 2020: AED 65,000 a yearNew contract, January 2022: AED 95,000 a yearRenewal, January 2023: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Safi Apartments 2A, and where 423 sits

All 39 3-beds →

423 last sold in February 2024 at AED 992 per sqft, 4% above what three-beds in Safi Apartments 2A were fetching at the time (AED 953). Over the last 12 months three-beds sold for AED 1,770,000 to 1,910,000, around AED 1,333 per sqft, and rent for AED 92,345 to 130,000 a year. 423's AED 110,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Aug 20261,770,000
27 Apr 20261,900,000
6 Apr 20261,910,000
5 Feb 20261,780,000
4 3-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

423, Safi Apartments 2A in numbers

  • Sold twice: first on 19 October 2015 for AED 1,125,888, last on 13 February 2024 for AED 1,330,000 (AED 992 per sqft).
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 75,000 to AED 65,000 in 2020 and recovered to AED 110,000 by January 2023.
  • At AED 110,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 20,500 a year (AED 15.28 per sqft).
  • Three-beds in Safi Apartments 2A sold for AED 1,770,000–1,910,000 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 13 February 2024.

Questions about 423, Safi Apartments 2A

What did unit 423 last sell for?

AED 1,330,000 on 13 February 2024: AED 992 per sqft for 1,340 sqft. The unit has 2 registered sales; the first was AED 1,125,888 in October 2015.

What is the rent for unit 423?

AED 110,000 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 95,000; the unit has been rented since September 2019.

How big is unit 423?

1,340 sqft (124.5 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 423 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 2A sold for AED 1,770,000 to 1,910,000 in the last 12 months, around AED 1,333 per sqft.

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Mortgage on 423, Safi Apartments 2A

Starts from the last sale price (AED 1.33M, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,330,000
Deposit, UAE resident (20%)
AED 266,000
Deposit, non-resident (40%)
AED 532,000
Monthly over 25 years at 3.7%
AED 5,441

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