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

712, Safi Apartments 2A

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 29 January 2024
Last soldAED 1.32M29 January 2024
Current rentAED 83K /yr24 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Safi Apartments 2A

What is 712 worth today?

Last sold for AED 1,320,000 in 2024

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29 Jan 2024SoldReady
AED 1,320,000AED 937 per sqft
24 Oct 2022RentedRenewal
AED 82,500/yr12 months · AED 59 per sqft
24 Oct 2021RentedRenewal
AED 78,000/yr12 months · AED 55 per sqft
24 Oct 2020RentedRenewal
AED 78,000/yr12 months · AED 55 per sqft
24 Oct 2019RentedNew contract
AED 78,000/yr12 months · AED 55 per sqft
11 Sep 2017Sold by developerOff-plan
AED 1,329,888AED 944 per sqft

Source: Dubai Land Department. Updated 29 January 2024.

Key facts

Type
3-bed apartment
Size
1,408 sqft
Floor
7th of 7
Parking
P-64
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,500 /yr
Last sold
AED 1.32M · January 2024

About 712, Safi Apartments 2A

712 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. It last sold on 29 January 2024 for AED 1,320,000, or AED 937 per sqft, in line with the AED 937 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 24 October 2022, is AED 82,500 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 21,500 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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 2017: AED 1,329,888 (AED 944 per sqft)Sold, January 2024: AED 1,320,000 (AED 937 per sqft)

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

Rents
Unit 712, 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, October 2019: AED 78,000 a yearRenewal, October 2020: AED 78,000 a yearRenewal, October 2021: AED 78,000 a yearRenewal, October 2022: AED 82,500 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 712 sits

All 39 3-beds →

712 last sold in January 2024 at AED 937 per sqft, in line with what three-beds in Safi Apartments 2A were fetching at the time (AED 937). 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. 712's AED 82,500 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
7053-bedAED 1.21M · May 2016
7062-bedAED 725K · Dec 2022
7072-bedAED 814K · Oct 2015
1–7 of 20

712, Safi Apartments 2A in numbers

  • Sold twice: first on 11 September 2017 for AED 1,329,888, last on 29 January 2024 for AED 1,320,000 (AED 937 per sqft).
  • Rented since October 2019 on 4 Ejari contracts, from AED 78,000 to AED 82,500 a year.
  • At AED 82,500 a year the gross yield on the 2024 price is 6.3%, 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 29 January 2024.

Questions about 712, Safi Apartments 2A

What did unit 712 last sell for?

AED 1,320,000 on 29 January 2024: AED 937 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,329,888 in September 2017.

What is the rent for unit 712?

AED 82,500 a year on the contract renewed on 24 October 2022. The previous contract, from October 2021, was AED 78,000; the unit has been rented since October 2019.

How big is unit 712?

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 712 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 712, Safi Apartments 2A

Starts from the last sale price (AED 1.32M, 29 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,000
Deposit, UAE resident (20%)
AED 264,000
Deposit, non-resident (40%)
AED 528,000
Monthly over 25 years at 3.7%
AED 5,401

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