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2-bed · 881 sqftSafi Apartments 2A, Town Square · 7th floor · completed 2018

706, Safi Apartments 2A

Sold prices and rental history: sold twice, last in December 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 31 July 2024
Last soldAED 725K28 December 2022
Current rentAED 75K /yr31 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, Safi Apartments 2A

What is 706 worth today?

Last sold for AED 725,000 in 2022

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31 Jul 2024RentedNew contract
AED 74,799/yr12 months · AED 85 per sqft
28 Dec 2022SoldReady
AED 725,000AED 822 per sqft
8 Mar 2022RentedNew contract
AED 52,000/yr12 months · AED 59 per sqft
25 Oct 2015Sold by developerOff-plan
AED 812,888AED 922 per sqft

Source: Dubai Land Department. Updated 31 July 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
7th of 7
Parking
P-221
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 725K · December 2022
Building
Safi Apartments 2A

About 706, Safi Apartments 2A

706 is a two-bedroom apartment of 881 sqft on the 7th floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 28 December 2022 for AED 725,000, or AED 822 per sqft, in line with the AED 807 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 31 July 2024, is AED 74,799 a year: a gross yield of 10.3% on the 2022 price, before the service charge of about AED 13,500 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 812,888 (AED 922 per sqft)Sold, December 2022: AED 725,000 (AED 822 per sqft)

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

Rents
Unit 706, 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, March 2022: AED 52,000 a yearNew contract, July 2024: AED 74,799 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 706 sits

All 97 2-beds →

706 last sold in December 2022 at AED 822 per sqft, in line with what two-beds in Safi Apartments 2A were fetching at the time (AED 807). 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. 706's AED 74,799 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 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
7053-bedAED 1.21M · May 2016
7072-bedAED 814K · Oct 2015
7081-bedAED 565K · Jun 2023
1–7 of 20

706, Safi Apartments 2A in numbers

  • Sold twice: first on 25 October 2015 for AED 812,888, last on 28 December 2022 for AED 725,000 (AED 822 per sqft).
  • Rented since March 2022 on 2 Ejari contracts, from AED 52,000 to AED 74,799 a year.
  • At AED 74,799 a year the gross yield on the 2022 price is 10.3%, before a service charge of about AED 13,500 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 July 2024.

Questions about 706, Safi Apartments 2A

What did unit 706 last sell for?

AED 725,000 on 28 December 2022: AED 822 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 812,888 in October 2015.

What is the rent for unit 706?

AED 74,799 a year on the contract signed on 31 July 2024. The previous contract, from March 2022, was AED 52,000.

How big is unit 706?

881 sqft (81.8 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 706 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 706, Safi Apartments 2A

Starts from the last sale price (AED 725K, 28 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 725,000
Deposit, UAE resident (20%)
AED 145,000
Deposit, non-resident (40%)
AED 290,000
Monthly over 25 years at 3.7%
AED 2,966

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