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3-bed · 2,593 sqftSafi Apartments 2A, Town Square · 6th floor · completed 2018

615, Safi Apartments 2A

Sold prices and rental history: sold twice, last in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 26 September 2024
Last soldAED 1.8M26 September 2024
Current rentAED 100K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, Safi Apartments 2A

What is 615 worth today?

Last sold for AED 1,800,000 in 2024

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26 Sep 2024SoldReady
AED 1,800,000AED 694 per sqft
1 Dec 2022RentedRenewal
AED 100,000/yr12 months · AED 39 per sqft
1 Dec 2021RentedNew contract
AED 100,000/yr12 months · AED 39 per sqft
14 Sep 2015Sold by developerOff-plan
AED 1,775,888AED 684 per sqft

Source: Dubai Land Department. Updated 26 September 2024.

Key facts

Type
3-bed apartment
Size
2,593 sqft
Floor
6th of 7
Parking
P-72
Developer
Nshmi Development
Completed
2018
Service charge
AED 39,600 /yr
Last sold
AED 1.8M · September 2024
Building
Safi Apartments 2A

About 615, Safi Apartments 2A

615 is a three-bedroom apartment of 2,593 sqft on the 6th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 26 September 2024 for AED 1,800,000, or AED 694 per sqft, 27% below the AED 953 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 December 2022, is AED 100,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 39,600 a year.

Sales and rents for 615 over time

Sales
Unit 615, 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, September 2015: AED 1,775,888 (AED 684 per sqft)Sold, September 2024: AED 1,800,000 (AED 694 per sqft)

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

Rents
Unit 615, each contractTypical three-bed in Safi Apartments 2A
75K100K125K20192021202320252027Typical 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, December 2021: AED 100,000 a yearRenewal, December 2022: AED 100,000 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 615 sits

All 39 3-beds →

615 last sold in September 2024 at AED 694 per sqft, 27% below what three-beds in Safi Apartments 2A were fetching at the time (AED 953). 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. 615's AED 100,000 is in the lower half 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 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

615, Safi Apartments 2A in numbers

  • Sold twice: first on 14 September 2015 for AED 1,775,888, last on 26 September 2024 for AED 1,800,000 (AED 694 per sqft).
  • Rented since December 2021 on 2 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 39,600 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 26 September 2024.

Questions about 615, Safi Apartments 2A

What did unit 615 last sell for?

AED 1,800,000 on 26 September 2024: AED 694 per sqft for 2,593 sqft. The unit has 2 registered sales; the first was AED 1,775,888 in September 2015.

What is the rent for unit 615?

AED 100,000 a year on the contract renewed on 1 December 2022. The previous contract, from December 2021, was AED 100,000.

How big is unit 615?

2,593 sqft (240.9 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 615 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 615, Safi Apartments 2A

Starts from the last sale price (AED 1.8M, 26 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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