3-bed · 1,419 sqftSafi Apartments 2A, Town Square · 5th floor · completed 2018

517, Safi Apartments 2A

Sold prices and rental history: sold twice, last in February 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 22 February 2023
Last soldAED 1.1M22 February 2023
Current rentAED 75K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, Safi Apartments 2A

What is 517 worth today?

Last sold for AED 1,100,000 in 2023

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22 Feb 2023SoldReady
AED 1,100,000AED 775 per sqft
1 Mar 2022RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
8 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 42 per sqft
20 Sep 2019RentedNew contract
AED 70,000/yr12 months · AED 49 per sqft
26 Oct 2015Sold by developerOff-plan
AED 1,185,888AED 835 per sqft

Source: Dubai Land Department. Updated 22 February 2023.

Key facts

Type
3-bed apartment
Size
1,419 sqft
Floor
5th of 7
Parking
P-96
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,700 /yr
Last sold
AED 1.1M · February 2023

About 517, Safi Apartments 2A

517 is a three-bedroom apartment of 1,419 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 22 February 2023 for AED 1,100,000, or AED 775 per sqft, in line with the AED 790 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 March 2022, is AED 75,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 21,700 a year.

Sales and rents for 517 over time

Sales
Unit 517, 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 1,185,888 (AED 835 per sqft)Sold, February 2023: AED 1,100,000 (AED 775 per sqft)

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

Rents
Unit 517, each contractTypical three-bed in Safi Apartments 2A
50K100K20192021202320252027Typical 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 70,000 a yearNew contract, October 2020: AED 60,000 a yearNew contract, March 2022: AED 75,000 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 517 sits

All 39 3-beds →

517 last sold in February 2023 at AED 775 per sqft, in line with what three-beds in Safi Apartments 2A were fetching at the time (AED 790). 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. 517's AED 75,000 is at the bottom 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 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

517, Safi Apartments 2A in numbers

  • Sold twice: first on 26 October 2015 for AED 1,185,888, last on 22 February 2023 for AED 1,100,000 (AED 775 per sqft).
  • Rented since September 2019 on 3 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2020 and recovered to AED 75,000 by March 2022.
  • At AED 75,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 21,700 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 22 February 2023.

Questions about 517, Safi Apartments 2A

What did unit 517 last sell for?

AED 1,100,000 on 22 February 2023: AED 775 per sqft for 1,419 sqft. The unit has 2 registered sales; the first was AED 1,185,888 in October 2015.

What is the rent for unit 517?

AED 75,000 a year on the contract signed on 1 March 2022. The previous contract, from October 2020, was AED 60,000; the unit has been rented since September 2019.

How big is unit 517?

1,419 sqft (131.8 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 517 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 517, Safi Apartments 2A

Starts from the last sale price (AED 1.1M, 22 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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