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3-bed · 1,408 sqftSafi Apartments 2A, Town Square · 7th floor · completed 2018

705, Safi Apartments 2A

Sold prices and rental history: sold once, by the developer in May 2016, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 6 May 2023
Last soldAED 1.21M25 May 2016
Current rentAED 40K /yr6 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Safi Apartments 2A

What is 705 worth today?

Last sold for AED 1,207,888 in 2016

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6 May 2023RentedNew contract
AED 40,000/yr12 months · AED 28 per sqft
25 Jul 2020RentedNew contract
AED 58,000/yr12 months · AED 41 per sqft
25 May 2016Sold by developerOff-plan
AED 1,207,888AED 857 per sqft

Source: Dubai Land Department. Updated 6 May 2023.

Key facts

Type
3-bed apartment
Size
1,408 sqft
Floor
7th of 7
Parking
P-70
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,500 /yr
Last sold
AED 1.21M · May 2016
Building
Safi Apartments 2A

About 705, Safi Apartments 2A

705 is a three-bedroom apartment of 1,408 sqft on the 7th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 25 May 2016 for AED 1,207,888, or AED 857 per sqft, in line with the AED 835 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 6 May 2023, is AED 40,000 a year: a gross yield of 3.3% on the 2016 price, before the service charge of about AED 21,500 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, May 2016: AED 1,207,888 (AED 857 per sqft)

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

Rents
Unit 705, 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, July 2020: AED 58,000 a yearNew contract, May 2023: AED 40,000 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 705 sits

All 39 3-beds →

705 last sold in May 2016 at AED 857 per sqft, in line with what three-beds in Safi Apartments 2A were fetching at the time (AED 835). 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. 705's AED 40,000 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 7th floor

All 153 units in Safi Apartments 2A
Value
7012-bedAED 844K · Oct 2015
7023-bedAED 1.04M · Jun 2020
7032-bedAED 804K · Oct 2015
7042-bedAED 1.1M · Jun 2025
7062-bedAED 725K · Dec 2022
7072-bedAED 814K · Oct 2015
7081-bedAED 565K · Jun 2023
1–7 of 20

705, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 25 May 2016 for AED 1,207,888, or AED 857 per sqft.
  • Rented since July 2020 on 2 Ejari contracts, from AED 58,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2016 price is 3.3%, before a service charge of about AED 21,500 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 6 May 2023.

Questions about 705, Safi Apartments 2A

What did unit 705 last sell for?

AED 1,207,888 on 25 May 2016, sold by the developer: AED 857 per sqft for 1,408 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 40,000 a year on the contract signed on 6 May 2023. The previous contract, from July 2020, was AED 58,000.

How big is unit 705?

1,408 sqft (130.8 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 705 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 705, Safi Apartments 2A

Starts from the last sale price (AED 1.21M, 25 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,207,888
Deposit, UAE resident (20%)
AED 241,578
Deposit, non-resident (40%)
AED 483,155
Monthly over 25 years at 3.7%
AED 4,942

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