2-bed · 904 sqftSafi Apartments 2B, Town Square · 5th floor · completed 2018

513, 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 513 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 810K18 September 2024
Current rentAED 63K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 513, Safi Apartments 2B

What is 513 worth today?

Last sold for AED 810,000 in 2024

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1 Nov 2024RentedRenewal
AED 62,500/yr12 months · AED 69 per sqft
18 Sep 2024SoldReady
AED 810,000AED 896 per sqft
1 Nov 2023RentedRenewal
AED 55,500/yr12 months · AED 61 per sqft
1 Nov 2022RentedRenewal
AED 52,800/yr12 months · AED 58 per sqft
1 Nov 2021RentedNew contract
AED 48,000/yr12 months · AED 53 per sqft
1 Nov 2019RentedNew contract
AED 54,000/yr12 months · AED 60 per sqft
12 Oct 2015Sold by developerOff-plan
AED 864,888AED 957 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
904 sqft
Floor
5th of 7
Parking
P-148
Developer
Nshmi Development
Completed
2018
Last sold
AED 810K · September 2024

About 513, Safi Apartments 2B

513 is a two-bedroom apartment of 904 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 810,000, or AED 896 per sqft, in line with the AED 887 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 62,500 a year: a gross yield of 7.7% on the 2024 price.

Sales and rents for 513 over time

Sales
Unit 513, 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 864,888 (AED 957 per sqft)Sold, September 2024: AED 810,000 (AED 896 per sqft)

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

Rents
Unit 513, 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, November 2019: AED 54,000 a yearNew contract, November 2021: AED 48,000 a yearRenewal, November 2022: AED 52,800 a yearRenewal, November 2023: AED 55,500 a yearRenewal, November 2024: AED 62,500 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 513 sits

All 39 2-beds →

513 last sold in September 2024 at AED 896 per sqft, in line with what two-beds in Safi Apartments 2B were fetching at the time (AED 887). 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. 513's AED 62,500 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

513, Safi Apartments 2B in numbers

  • Sold twice: first on 12 October 2015 for AED 864,888, last on 18 September 2024 for AED 810,000 (AED 896 per sqft).
  • Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 54,000 to AED 48,000 in 2021 and recovered to AED 62,500 by November 2024.
  • At AED 62,500 a year the gross yield on the 2024 price is 7.7%.
  • 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 1 November 2024.

Questions about 513, Safi Apartments 2B

What did unit 513 last sell for?

AED 810,000 on 18 September 2024: AED 896 per sqft for 904 sqft. The unit has 2 registered sales; the first was AED 864,888 in October 2015.

What is the rent for unit 513?

AED 62,500 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 55,500; the unit has been rented since November 2019.

How big is unit 513?

904 sqft (84.0 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 513 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 513, Safi Apartments 2B

Starts from the last sale price (AED 810K, 18 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 810,000
Deposit, UAE resident (20%)
AED 162,000
Deposit, non-resident (40%)
AED 324,000
Monthly over 25 years at 3.7%
AED 3,314

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