1-bed · 314 sqftSafi Apartments 2A, Town Square · 5th floor · completed 2018

509, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 565K19 October 2015
Current rentAED 47K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Safi Apartments 2A

What is 509 worth today?

Last sold for AED 564,888 in 2015

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1 Dec 2024RentedRenewal
AED 46,691/yr12 months · AED 74 per sqft
1 Dec 2023RentedRenewal
AED 44,468/yr12 months · AED 71 per sqft
1 Dec 2022RentedRenewal
AED 42,350/yr12 months · AED 68 per sqft
1 Dec 2021RentedRenewal
AED 38,500/yr12 months · AED 62 per sqft
1 Dec 2020RentedNew contract
AED 35,000/yr12 months · AED 56 per sqft
12 Sep 2019RentedNew contract
AED 38,000/yr12 months · AED 61 per sqft
19 Oct 2015Sold by developerOff-plan
AED 564,888AED 899 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed apartment
Size
314 sqft
Floor
5th of 7
Parking
G-70
Developer
Nshmi Development
Completed
2018
Service charge
AED 4,800 /yr
Last sold
AED 565K · October 2015

About 509, Safi Apartments 2A

509 is a one-bedroom apartment of 314 sqft on the 5th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 October 2015 for AED 564,888, or AED 899 per sqft, in line with the AED 899 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 46,691 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 4,800 a year.

Sales and rents for 509 over time

Rents
Unit 509, each contractTypical one-bed in Safi Apartments 2A
40K50K60K20192021202320252027Typical rent by year: 2019 AED 38,000; 2020 AED 35,000; 2021 AED 35,000; 2022 AED 40,000; 2023 AED 44,500; 2024 AED 46,691; 2025 AED 56,000; 2026 AED 57,000New contract, September 2019: AED 38,000 a yearNew contract, December 2020: AED 35,000 a yearRenewal, December 2021: AED 38,500 a yearRenewal, December 2022: AED 42,350 a yearRenewal, December 2023: AED 44,468 a yearRenewal, December 2024: AED 46,691 a year

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

1-beds in Safi Apartments 2A, and where 509 sits

All 17 1-beds →

509 last sold in October 2015 at AED 899 per sqft, in line with what one-beds in Safi Apartments 2A were fetching at the time (AED 899). Over the last 12 months one-beds sold for AED 760,000, around AED 1,209 per sqft, and rent for AED 44,906 to 65,000 a year. 509's AED 46,691 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 May 2026760,000
17 Feb 2025820,000
6 Nov 2023620,000
12 Jun 2023565,000
1 1-bed sale 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
5072-bedAED 910K · Mar 2024
1–7 of 22

509, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 564,888, or AED 899 per sqft.
  • Rented since September 2019 on 6 Ejari contracts, from AED 38,000 to AED 46,691 a year.
  • At AED 46,691 a year the gross yield on the 2015 price is 8.3%, before a service charge of about AED 4,800 a year (AED 15.28 per sqft).
  • One-beds in Safi Apartments 2A sold for AED 760,000–760,000 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 1 December 2024.

Questions about 509, Safi Apartments 2A

What did unit 509 last sell for?

AED 564,888 on 19 October 2015, sold by the developer: AED 899 per sqft for 314 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 46,691 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 44,468; the unit has been rented since September 2019.

How big is unit 509?

314 sqft (29.2 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Safi Apartments 2A sold for AED 760,000 to 760,000 in the last 12 months, around AED 1,209 per sqft.

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Mortgage on 509, Safi Apartments 2A

Starts from the last sale price (AED 565K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 564,888
Deposit, UAE resident (20%)
AED 112,978
Deposit, non-resident (40%)
AED 225,955
Monthly over 25 years at 3.7%
AED 2,311

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