516, Safi Apartments 2A
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Safi Apartments 2A
What is 516 worth today?
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Source: Dubai Land Department. Updated 31 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 964 sqft
- Floor
- 5th of 7
- Parking
- P-100
- Developer
- Nshmi Development
- Completed
- 2018
- Service charge
- AED 14,700 /yr
- Last sold
- AED 900K · October 2024
- Building
- Safi Apartments 2A
About 516, Safi Apartments 2A
516 is a two-bedroom apartment of 964 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 31 October 2024 for AED 900,000, or AED 933 per sqft, in line with the AED 923 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 52,920 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 14,700 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the two-bed median of each year in the building.
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 516 sits
All 97 2-beds →516 last sold in October 2024 at AED 933 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 923). 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. 516's AED 52,920 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 937 sqft | 1,100,000 | 1,174 | ||
| 18 Aug 202618 August 2026 | 1,041 sqft | 1,130,000 | 1,085 | ||
| 10 Aug 202610 August 2026 | 964 sqft | 40,138 | 41 | ||
| 3 Jul 20263 July 2026 | 937 sqft | 1,050,000 | 1,120 |
Safi Apartments 2A
Building153 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%
Other units on the 5th floor
All 153 units in Safi Apartments 2A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 937 sqft | AED 1.05MAED 1,050,000 · Jul 2026July 2026 | 85,000 /yr | |
| 502 | 3-bed | 1,419 sqft | AED 1.65MAED 1,650,000 · Apr 2025April 2025 | 125,000 /yr | |
| 503 | 2-bed | 964 sqft | AED 791KAED 790,888 · Sep 2015September 2015 | 75,000 /yr | |
| 504 | 2-bed | 931 sqft | AED 799KAED 798,888 · Oct 2015October 2015 | 78,000 /yr | |
| 505 | 2-bed | 882 sqft | AED 644KAED 643,500 · Sep 2022September 2022 | 85,000 /yr | |
| 506 | 3-bed | 1,408 sqft | AED 1.24MAED 1,239,888 · Jul 2016July 2016 | 120,000 /yr | |
| 507 | 2-bed | 881 sqft | AED 910KAED 910,000 · Mar 2024March 2024 | 47,000 /yr | |
| 508 | 2-bed | 883 sqft | AED 804KAED 803,888 · Oct 2015October 2015 | 85,000 /yr | |
| 509 | 1-bed | 314 sqft | AED 565KAED 564,888 · Oct 2015October 2015 | 46,691 /yr | |
| 510 | 1-bed | 628 sqft | AED 606KAED 605,888 · May 2016May 2016 | ||
| 511 | 2-bed | 883 sqft | AED 804KAED 803,888 · Oct 2015October 2015 | 65,000 /yr | |
| 512 | 2-bed | 881 sqft | AED 803KAED 802,888 · Oct 2015October 2015 | 60,375 /yr | |
| 513 | 3-bed | 1,408 sqft | AED 1.13MAED 1,125,888 · Feb 2021February 2021 | ||
| 514 | 2-bed | 882 sqft | AED 1.13MAED 1,125,000 · Oct 2025October 2025 | 61,318 /yr | |
| 515 | 2-bed | 931 sqft | AED 756KAED 755,888 · Oct 2015October 2015 | 67,914 /yr | |
| 517 | 3-bed | 1,419 sqft | AED 1.1MAED 1,100,000 · Feb 2023February 2023 | 75,000 /yr | |
| 518 | 2-bed | 937 sqft | AED 834KAED 833,888 · Oct 2015October 2015 | 64,000 /yr | |
| 519 | 1-bed | 573 sqft | AED 557KAED 556,888 · Oct 2015October 2015 | 46,690 /yr | |
| 520 | 2-bed | 976 sqft | AED 880KAED 880,000 · Mar 2024March 2024 | ||
| 521 | 2-bed | 1,041 sqft | AED 928KAED 927,888 · Oct 2015October 2015 | 90,000 /yr | |
| 522 | 2-bed | 904 sqft | AED 1.09MAED 1,090,000 · Oct 2025October 2025 | 65,100 /yr | |
| 523 | 3-bed | 1,340 sqft | AED 1.5MAED 1,500,000 · Apr 2025April 2025 | 99,750 /yr |
516, Safi Apartments 2A in numbers
- Sold twice: first on 23 December 2015 for AED 751,888, last on 31 October 2024 for AED 900,000 (AED 933 per sqft).
- Rented since September 2019 on 5 Ejari contracts, from AED 50,000 to AED 52,920 a year.
- At AED 52,920 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 14,700 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 31 October 2024.
Questions about 516, Safi Apartments 2A
What did unit 516 last sell for?
AED 900,000 on 31 October 2024: AED 933 per sqft for 964 sqft. The unit has 2 registered sales; the first was AED 751,888 in December 2015.
What is the rent for unit 516?
AED 52,920 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 49,000; the unit has been rented since September 2019.
How big is unit 516?
964 sqft (89.6 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.
What is unit 516 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 516, Safi Apartments 2A
Starts from the last sale price (AED 900K, 31 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →