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

711, Safi Apartments 2A

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

Unit 711 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 813K19 October 2015
Current rentAED 48K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, Safi Apartments 2A

What is 711 worth today?

Last sold for AED 812,888 in 2015

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10 Aug 2024RentedRenewal
AED 48,000/yr12 months · AED 55 per sqft
10 Aug 2024RentedRenewal
AED 48,400/yr12 months · AED 56 per sqft
10 Aug 2023RentedRenewal
AED 44,000/yr12 months · AED 50 per sqft
10 Aug 2022RentedRenewal
AED 44,000/yr12 months · AED 50 per sqft
10 Aug 2021RentedNew contract
AED 44,000/yr12 months · AED 50 per sqft
15 Aug 2020RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
15 Aug 2019RentedNew contract
AED 52,000/yr12 months · AED 59 per sqft
19 Oct 2015Sold by developerOff-plan
AED 812,888AED 922 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
7th of 7
Parking
P-127
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 813K · October 2015

About 711, Safi Apartments 2A

711 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. The developer sold it on 19 October 2015 for AED 812,888, or AED 922 per sqft, 6% above the AED 873 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 48,000 a year: a gross yield of 5.9% on the 2015 price, before the service charge of about AED 13,500 a year.

Sales and rents for 711 over time

Sales
Unit 711, 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)

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

Rents
Unit 711, 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, August 2019: AED 52,000 a yearRenewal, August 2020: AED 45,000 a yearNew contract, August 2021: AED 44,000 a yearRenewal, August 2022: AED 44,000 a yearRenewal, August 2023: AED 44,000 a yearRenewal, August 2024: AED 48,000 a yearRenewal, August 2024: AED 48,400 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 711 sits

All 97 2-beds →

711 last sold in October 2015 at AED 922 per sqft, 6% above 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. 711's AED 48,000 is at the bottom 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
7062-bedAED 725K · Dec 2022
7072-bedAED 814K · Oct 2015
1–7 of 20

711, Safi Apartments 2A in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 812,888, or AED 922 per sqft.
  • Rented since August 2019 on 7 Ejari contracts, from AED 52,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2015 price is 5.9%, 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 10 August 2024.

Questions about 711, Safi Apartments 2A

What did unit 711 last sell for?

AED 812,888 on 19 October 2015, sold by the developer: AED 922 per sqft for 881 sqft. It is the only registered sale of the unit.

What is the rent for unit 711?

AED 48,000 a year on the contract renewed on 10 August 2024. The previous contract, from August 2024, was AED 48,400; the unit has been rented since August 2019.

How big is unit 711?

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

What is unit 711 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 711, Safi Apartments 2A

Starts from the last sale price (AED 813K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 812,888
Deposit, UAE resident (20%)
AED 162,578
Deposit, non-resident (40%)
AED 325,155
Monthly over 25 years at 3.7%
AED 3,326

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