2-bed · 881 sqftSafi Apartments 2A, Town Square · 5th floor · completed 2018

507, Safi Apartments 2A

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

Unit 507 · DLD and Ejari recordsUpdated 6 March 2024
Last soldAED 910K6 March 2024
Current rentAED 47K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Safi Apartments 2A

What is 507 worth today?

Last sold for AED 910,000 in 2024

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6 Mar 2024SoldReady
AED 910,000AED 1,032 per sqft
1 Dec 2022RentedRenewal
AED 47,000/yr12 months · AED 53 per sqft
1 Dec 2021RentedRenewal
AED 42,000/yr12 months · AED 48 per sqft
1 Dec 2020RentedNew contract
AED 40,000/yr12 months · AED 45 per sqft
10 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
15 Sep 2015Sold by developerOff-plan
AED 802,888AED 911 per sqft

Source: Dubai Land Department. Updated 6 March 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
5th of 7
Parking
G-102
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 910K · March 2024

About 507, Safi Apartments 2A

507 is a two-bedroom apartment of 881 sqft on the 5th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 6 March 2024 for AED 910,000, or AED 1,032 per sqft, 20% above the AED 859 two-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 December 2022, is AED 47,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 13,500 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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 802,888 (AED 911 per sqft)Sold, March 2024: AED 910,000 (AED 1,032 per sqft)

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

Rents
Unit 507, 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, December 2019: AED 50,000 a yearNew contract, December 2020: AED 40,000 a yearRenewal, December 2021: AED 42,000 a yearRenewal, December 2022: AED 47,000 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 507 sits

All 97 2-beds →

507 last sold in March 2024 at AED 1,032 per sqft, 20% above what two-beds in Safi Apartments 2A were fetching at the time (AED 859). 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. 507's AED 47,000 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 5th floor

All 153 units in Safi Apartments 2A
Value
5012-bedAED 1.05M · Jul 2026
5023-bedAED 1.65M · Apr 2025
5032-bedAED 791K · Sep 2015
5042-bedAED 799K · Oct 2015
5052-bedAED 644K · Sep 2022
5063-bedAED 1.24M · Jul 2016
5082-bedAED 804K · Oct 2015
1–7 of 22

507, Safi Apartments 2A in numbers

  • Sold twice: first on 15 September 2015 for AED 802,888, last on 6 March 2024 for AED 910,000 (AED 1,032 per sqft).
  • Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 50,000 to AED 40,000 in 2020 and recovered to AED 47,000 by December 2022.
  • At AED 47,000 a year the gross yield on the 2024 price is 5.2%, 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 6 March 2024.

Questions about 507, Safi Apartments 2A

What did unit 507 last sell for?

AED 910,000 on 6 March 2024: AED 1,032 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 802,888 in September 2015.

What is the rent for unit 507?

AED 47,000 a year on the contract renewed on 1 December 2022. The previous contract, from December 2021, was AED 42,000; the unit has been rented since December 2019.

How big is unit 507?

881 sqft (81.8 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 507 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 507, Safi Apartments 2A

Starts from the last sale price (AED 910K, 6 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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