408, Safi Apartments 2B
Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Safi Apartments 2B
What is 408 worth today?
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Source: Dubai Land Department. Updated 16 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,408 sqft
- Floor
- 4th of 7
- Parking
- P-158
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 1.25M · December 2024
- Building
- Safi Apartments 2B
About 408, Safi Apartments 2B
408 is a three-bedroom apartment of 1,408 sqft on the 4th floor of Safi Apartments 2B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 16 December 2024 for AED 1,250,000, or AED 887 per sqft, 3% below the AED 916 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 86,250 a year: a gross yield of 6.9% on the 2024 price.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the three-bed median of each year in the building.
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 2B, and where 408 sits
All 23 3-beds →408 last sold in December 2024 at AED 887 per sqft, 3% below what three-beds in Safi Apartments 2B were fetching at the time (AED 916). Over the last 12 months three-beds sold for AED 1,650,000 to 1,930,000, around AED 1,264 per sqft, and rent for AED 87,864 to 125,000 a year. 408's AED 86,250 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Apr 202623 April 2026 | 1,418 sqft | 1,930,000 | 1,360 | ||
| 13 Nov 202513 November 2025 | 1,413 sqft | 1,650,000 | 1,168 | ||
| 13 Jun 202513 June 2025 | 2,257 sqft | 1,860,000 | 824 | ||
| 2 Oct 20242 October 2024 | 1,418 sqft | 1,300,000 | 916 |
Safi Apartments 2B
Building89 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,327
- Typical sale
- AED 1.15M
- Typical rent
- AED 80K /yr
- Typical yield
- 6.4%
Other units on the 4th floor
All 89 units in Safi Apartments 2B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 928 sqft | AED 1.1MAED 1,100,000 · Mar 2025March 2025 | 80,000 /yr | |
| 402 | 3-bed | 1,418 sqft | AED 1.3MAED 1,300,000 · Oct 2024October 2024 | 112,000 /yr | |
| 403 | 1-bed | 633 sqft | AED 591KAED 590,888 · Oct 2015October 2015 | 41,658 /yr | |
| 404 | 1-bed | 614 sqft | AED 577KAED 576,888 · Oct 2015October 2015 | 41,658 /yr | |
| 405 | 1-bed | 673 sqft | AED 603KAED 602,888 · Oct 2015October 2015 | 41,658 /yr | |
| 406 | Studio | 320 sqft | AED 528KAED 528,000 · Mar 2026March 2026 | 38,502 /yr | |
| 407 | 1-bed | 596 sqft | AED 570KAED 569,888 · Oct 2015October 2015 | 41,658 /yr | |
| 409 | 2-bed | 973 sqft | AED 1.1MAED 1,100,000 · Apr 2025April 2025 | 90,000 /yr | |
| 410 | 2-bed | 894 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 54,285 /yr | |
| 411 | 3-bed | 1,360 sqft | AED 1.5MAED 1,500,000 · Jul 2024July 2024 | 83,680 /yr | |
| 412 | 2-bed | 1,076 sqft | AED 880KAED 880,000 · Sep 2024September 2024 | 63,525 /yr | |
| 413 | 2-bed | 903 sqft | AED 810KAED 810,000 · Oct 2024October 2024 | 58,443 /yr | |
| 414 | 2-bed | 943 sqft | AED 1.18MAED 1,180,000 · Aug 2026August 2026 | 59,847 /yr |
408, Safi Apartments 2B in numbers
- Sold twice: first on 12 October 2015 for AED 1,163,888, last on 16 December 2024 for AED 1,250,000 (AED 887 per sqft).
- Rented since October 2019 on 6 Ejari contracts, from AED 72,000 to AED 86,250 a year.
- At AED 86,250 a year the gross yield on the 2024 price is 6.9%.
- Three-beds in Safi Apartments 2B sold for AED 1,650,000–1,930,000 in the 12 months to November 2026; the building's median across all types is AED 1,327 per sqft.
Source: Dubai Land Department. Updated 16 December 2024.
Questions about 408, Safi Apartments 2B
What did unit 408 last sell for?
AED 1,250,000 on 16 December 2024: AED 887 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,163,888 in October 2015.
What is the rent for unit 408?
AED 86,250 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 75,000; the unit has been rented since October 2019.
How big is unit 408?
1,408 sqft (130.8 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.
What is unit 408 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 2B sold for AED 1,650,000 to 1,930,000 in the last 12 months, around AED 1,264 per sqft.
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Mortgage on 408, Safi Apartments 2B
Starts from the last sale price (AED 1.25M, 16 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →