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2-bed · 928 sqftSafi Apartments 2A, Town Square · 6th floor · completed 2018

614, Safi Apartments 2A

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

Unit 614 · DLD and Ejari recordsUpdated 6 November 2019
Last soldAED 761K19 October 2015
Current rentAED 65K /yr6 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 614, Safi Apartments 2A

What is 614 worth today?

Last sold for AED 760,888 in 2015

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6 Nov 2019RentedNew contract
AED 65,000/yr12 months · AED 70 per sqft
19 Oct 2015Sold by developerOff-plan
AED 760,888AED 819 per sqft

Source: Dubai Land Department. Updated 6 November 2019.

Key facts

Type
2-bed apartment
Size
928 sqft
Floor
6th of 7
Parking
P-105
Developer
Nshmi Development
Completed
2018
Service charge
AED 14,200 /yr
Last sold
AED 761K · October 2015
Building
Safi Apartments 2A

About 614, Safi Apartments 2A

614 is a two-bedroom apartment of 928 sqft on the 6th 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 760,888, or AED 819 per sqft, 6% below the AED 873 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 November 2019. The current contract, signed on 6 November 2019, is AED 65,000 a year: a gross yield of 8.5% on the 2015 price, before the service charge of about AED 14,200 a year.

Sales and rents for 614 over time

Sales
Unit 614, 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, October 2015: AED 760,888 (AED 819 per sqft)

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

Rents
Unit 614, 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, November 2019: AED 65,000 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 614 sits

All 97 2-beds →

614 last sold in October 2015 at AED 819 per sqft, 6% below what two-beds in Safi Apartments 2A were fetching at the time (AED 873). 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. 614's AED 65,000 is in the lower half 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 6th floor

All 153 units in Safi Apartments 2A
Value
6012-bedAED 839K · Sep 2015
6023-bedAED 1.78M · Oct 2015
6032-bedAED 799K · Oct 2015
6042-bedAED 781K · Oct 2015
6053-bedAED 1.9M · Apr 2026
6062-bedAED 725K · Jun 2023
6072-bedAED 810K · Oct 2015
1–7 of 20

614, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 760,888, or AED 819 per sqft.
  • Rented since November 2019 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2015 price is 8.5%, before a service charge of about AED 14,200 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 November 2019.

Questions about 614, Safi Apartments 2A

What did unit 614 last sell for?

AED 760,888 on 19 October 2015, sold by the developer: AED 819 per sqft for 928 sqft. It is the only registered sale of the unit.

What is the rent for unit 614?

AED 65,000 a year on the contract signed on 6 November 2019.

How big is unit 614?

928 sqft (86.2 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 614 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 614, Safi Apartments 2A

Starts from the last sale price (AED 761K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 760,888
Deposit, UAE resident (20%)
AED 152,178
Deposit, non-resident (40%)
AED 304,355
Monthly over 25 years at 3.7%
AED 3,113

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