2-bed · 894 sqftSafi Apartments 2B, Town Square · 5th floor · completed 2018

510, 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.

Unit 510 · DLD and Ejari recordsUpdated 17 September 2024
Last soldAED 800K17 September 2024
Current rentAED 56K /yr15 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Safi Apartments 2B

What is 510 worth today?

Last sold for AED 800,000 in 2024

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17 Sep 2024SoldReady
AED 800,000AED 894 per sqft
15 Apr 2024RentedRenewal
AED 55,650/yr12 months · AED 62 per sqft
15 Apr 2023RentedRenewal
AED 53,000/yr12 months · AED 59 per sqft
15 Apr 2022RentedNew contract
AED 53,000/yr12 months · AED 59 per sqft
25 Jul 2021RentedNew contract
AED 45,000/yr12 months · AED 50 per sqft
10 Sep 2020RentedRenewal
AED 41,000/yr12 months · AED 46 per sqft
10 Sep 2019RentedNew contract
AED 48,000/yr12 months · AED 54 per sqft
18 Oct 2015Sold by developerOff-plan
AED 791,888AED 885 per sqft

Source: Dubai Land Department. Updated 17 September 2024.

Key facts

Type
2-bed apartment
Size
894 sqft
Floor
5th of 7
Parking
P-146
Developer
Nshmi Development
Completed
2018
Last sold
AED 800K · September 2024

About 510, Safi Apartments 2B

510 is a two-bedroom apartment of 894 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 17 September 2024 for AED 800,000, or AED 894 per sqft, in line with the AED 880 two-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 April 2024, is AED 55,650 a year: a gross yield of 7.0% on the 2024 price.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical two-bed in Safi Apartments 2B
800K1M2015201820212024Typical sale price by year: 2015 AED 849,388; 2016 AED 834,388; 2020 AED 794,888; 2023 AED 800,000; 2024 AED 850,000; 2025 AED 1,100,000Sold by developer, October 2015: AED 791,888 (AED 885 per sqft)Sold, September 2024: AED 800,000 (AED 894 per sqft)

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

Rents
Unit 510, each contractTypical two-bed in Safi Apartments 2B
40K60K80K20192021202320252027Typical rent by year: 2019 AED 53,000; 2020 AED 45,000; 2021 AED 46,000; 2022 AED 50,000; 2023 AED 55,440; 2024 AED 62,500; 2025 AED 68,250; 2026 AED 80,000New contract, September 2019: AED 48,000 a yearRenewal, September 2020: AED 41,000 a yearNew contract, July 2021: AED 45,000 a yearNew contract, April 2022: AED 53,000 a yearRenewal, April 2023: AED 53,000 a yearRenewal, April 2024: AED 55,650 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 2B, and where 510 sits

All 39 2-beds →

510 last sold in September 2024 at AED 894 per sqft, in line with what two-beds in Safi Apartments 2B were fetching at the time (AED 880). Over the last 12 months two-beds sold for AED 1,148,720 to 1,180,000, around AED 1,092 per sqft, and rent for AED 63,000 to 110,000 a year. 510's AED 55,650 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Aug 20261,180,000
7 Aug 20261,148,720
6 May 20251,170,000
29 Apr 20251,075,000
2 2-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 5th floor

All 89 units in Safi Apartments 2B
Value
5012-bedAED 820K · Dec 2024
5023-bedAED 1.3M · Aug 2024
5031-bedAED 591K · Oct 2015
5041-bedAED 578K · Oct 2015
5051-bedAED 603K · Oct 2015
506StudioAED 400K · May 2025
5071-bedAED 571K · Oct 2015
1–7 of 13

510, Safi Apartments 2B in numbers

  • Sold twice: first on 18 October 2015 for AED 791,888, last on 17 September 2024 for AED 800,000 (AED 894 per sqft).
  • Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 48,000 to AED 41,000 in 2020 and recovered to AED 55,650 by April 2024.
  • At AED 55,650 a year the gross yield on the 2024 price is 7.0%.
  • Two-beds in Safi Apartments 2B sold for AED 1,148,720–1,180,000 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 17 September 2024.

Questions about 510, Safi Apartments 2B

What did unit 510 last sell for?

AED 800,000 on 17 September 2024: AED 894 per sqft for 894 sqft. The unit has 2 registered sales; the first was AED 791,888 in October 2015.

What is the rent for unit 510?

AED 55,650 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 53,000; the unit has been rented since September 2019.

How big is unit 510?

894 sqft (83.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 510 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 2B sold for AED 1,148,720 to 1,180,000 in the last 12 months, around AED 1,092 per sqft.

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Mortgage on 510, Safi Apartments 2B

Starts from the last sale price (AED 800K, 17 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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