508, Safi Apartments 2B
Sold prices and rental history: sold twice, last in September 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 508, Safi Apartments 2B
What is 508 worth today?
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Source: Dubai Land Department. Updated 18 September 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,408 sqft
- Floor
- 5th of 7
- Parking
- P-161
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 1.25M · September 2024
- Building
- Safi Apartments 2B
About 508, Safi Apartments 2B
508 is a three-bedroom apartment of 1,408 sqft on the 5th floor of Safi Apartments 2B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 18 September 2024 for AED 1,250,000, or AED 887 per sqft, in line with the AED 902 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 20 June 2024, is AED 110,000 a year: a gross yield of 8.8% on the 2024 price.
Sales and rents for 508 over time
508 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 508 sits
All 23 3-beds →508 last sold in September 2024 at AED 887 per sqft, in line with what three-beds in Safi Apartments 2B were fetching at the time (AED 902). 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. 508's AED 110,000 is in the upper half 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 | ||
| 16 Dec 202416 December 2024 | 1,408 sqft | 1,250,000 | 887 |
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 5th floor
All 89 units in Safi Apartments 2B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 929 sqft | AED 820KAED 820,000 · Dec 2024December 2024 | 85,000 /yr | |
| 502 | 3-bed | 1,418 sqft | AED 1.3MAED 1,300,000 · Aug 2024August 2024 | 120,000 /yr | |
| 503 | 1-bed | 633 sqft | AED 591KAED 590,888 · Oct 2015October 2015 | 34,500 /yr | |
| 504 | 1-bed | 614 sqft | AED 578KAED 577,888 · Oct 2015October 2015 | 41,658 /yr | |
| 505 | 1-bed | 673 sqft | AED 603KAED 602,888 · Oct 2015October 2015 | 41,658 /yr | |
| 506 | Studio | 320 sqft | AED 400KAED 400,000 · May 2025May 2025 | 38,000 /yr | |
| 507 | 1-bed | 596 sqft | AED 571KAED 570,888 · Oct 2015October 2015 | 41,658 /yr | |
| 509 | 2-bed | 973 sqft | AED 840KAED 840,000 · Sep 2024September 2024 | 59,225 /yr | |
| 510 | 2-bed | 894 sqft | AED 800KAED 800,000 · Sep 2024September 2024 | 55,650 /yr | |
| 511 | 3-bed | 1,361 sqft | AED 1.25MAED 1,250,000 · Aug 2024August 2024 | 95,700 /yr | |
| 512 | 2-bed | 1,076 sqft | AED 1.08MAED 1,075,000 · Apr 2025April 2025 | 85,051 /yr | |
| 513 | 2-bed | 904 sqft | AED 810KAED 810,000 · Sep 2024September 2024 | 62,500 /yr | |
| 514 | 2-bed | 943 sqft | AED 850KAED 850,000 · Oct 2024October 2024 | 82,000 /yr |
508, Safi Apartments 2B in numbers
- Sold twice: first on 18 October 2015 for AED 1,162,888, last on 18 September 2024 for AED 1,250,000 (AED 887 per sqft).
- Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 72,000 to AED 60,000 in 2021 and recovered to AED 110,000 by June 2024.
- At AED 110,000 a year the gross yield on the 2024 price is 8.8%.
- 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 18 September 2024.
Questions about 508, Safi Apartments 2B
What did unit 508 last sell for?
AED 1,250,000 on 18 September 2024: AED 887 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,162,888 in October 2015.
What is the rent for unit 508?
AED 110,000 a year on the contract signed on 20 June 2024. The previous contract, from December 2021, was AED 70,000; the unit has been rented since September 2019.
How big is unit 508?
1,408 sqft (130.8 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.
What is unit 508 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 508, Safi Apartments 2B
Starts from the last sale price (AED 1.25M, 18 September 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 →