3-bed · 1,360 sqftSafi Apartments 2B, Town Square · 4th floor · completed 2018

411, Safi Apartments 2B

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

Unit 411 · DLD and Ejari recordsUpdated 31 July 2024
Last soldAED 1.5M31 July 2024
Current rentAED 84K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 411, Safi Apartments 2B

What is 411 worth today?

Last sold for AED 1,500,000 in 2024

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31 Jul 2024SoldReady
AED 1,500,000AED 1,102 per sqft
15 Jun 2024RentedRenewal
AED 83,680/yr12 months · AED 62 per sqft
15 Jun 2023RentedRenewal
AED 72,765/yr12 months · AED 53 per sqft
15 Jun 2022RentedRenewal
AED 69,300/yr12 months · AED 51 per sqft
15 Jun 2021RentedNew contract
AED 66,000/yr12 months · AED 49 per sqft
11 Sep 2020RentedRenewal
AED 60,000/yr6 months · AED 44 per sqft
11 Sep 2019RentedNew contract
AED 70,000/yr12 months · AED 52 per sqft
18 Oct 2015Sold by developerOff-plan
AED 1,167,888AED 858 per sqft

Source: Dubai Land Department. Updated 31 July 2024.

Key facts

Type
3-bed apartment
Size
1,360 sqft
Floor
4th of 7
Parking
P-157
Developer
Nshmi Development
Completed
2018
Last sold
AED 1.5M · July 2024

About 411, Safi Apartments 2B

411 is a three-bedroom apartment of 1,360 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 31 July 2024 for AED 1,500,000, or AED 1,102 per sqft, 32% above the AED 835 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 15 June 2024, is AED 83,680 a year: a gross yield of 5.6% on the 2024 price.

Sales and rents for 411 over time

Sales
Unit 411, each saleTypical three-bed in Safi Apartments 2B
1.2M1.4M1.6M2015201820212024Typical sale price by year: 2015 AED 1,177,888; 2017 AED 1,592,888; 2024 AED 1,300,000Sold by developer, October 2015: AED 1,167,888 (AED 858 per sqft)Sold, July 2024: AED 1,500,000 (AED 1,102 per sqft)

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

Rents
Unit 411, each contractTypical three-bed in Safi Apartments 2B
60K80K100K20192021202320252027Typical rent by year: 2019 AED 72,000; 2020 AED 66,000; 2021 AED 67,500; 2022 AED 73,000; 2023 AED 76,650; 2024 AED 87,125; 2025 AED 100,000; 2026 AED 103,750New contract, September 2019: AED 70,000 a yearRenewal, September 2020: AED 60,000 a yearNew contract, June 2021: AED 66,000 a yearRenewal, June 2022: AED 69,300 a yearRenewal, June 2023: AED 72,765 a yearRenewal, June 2024: AED 83,680 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 2B, and where 411 sits

All 23 3-beds →

411 last sold in July 2024 at AED 1,102 per sqft, 32% above what three-beds in Safi Apartments 2B were fetching at the time (AED 835). 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. 411's AED 83,680 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Apr 20261,930,000
13 Nov 20251,650,000
13 Jun 20251,860,000
16 Dec 20241,250,000
2 3-bed sales in the last 12 months

Safi Apartments 2B

Building

89 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%
Safi Apartments 2B, Town Square: prices, sales and rents →

Other units on the 4th floor

All 89 units in Safi Apartments 2B
Value
4012-bedAED 1.1M · Mar 2025
4023-bedAED 1.3M · Oct 2024
4031-bedAED 591K · Oct 2015
4041-bedAED 577K · Oct 2015
4051-bedAED 603K · Oct 2015
406StudioAED 528K · Mar 2026
4071-bedAED 570K · Oct 2015
1–7 of 13

411, Safi Apartments 2B in numbers

  • Sold twice: first on 18 October 2015 for AED 1,167,888, last on 31 July 2024 for AED 1,500,000 (AED 1,102 per sqft).
  • Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2020 and recovered to AED 83,680 by June 2024.
  • At AED 83,680 a year the gross yield on the 2024 price is 5.6%.
  • 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 31 July 2024.

Questions about 411, Safi Apartments 2B

What did unit 411 last sell for?

AED 1,500,000 on 31 July 2024: AED 1,102 per sqft for 1,360 sqft. The unit has 2 registered sales; the first was AED 1,167,888 in October 2015.

What is the rent for unit 411?

AED 83,680 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 72,765; the unit has been rented since September 2019.

How big is unit 411?

1,360 sqft (126.3 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 411 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 411, Safi Apartments 2B

Starts from the last sale price (AED 1.5M, 31 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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