Studio · 320 sqftSafi Apartments 2B, Town Square · 6th floor · completed 2018

604, Safi Apartments 2B

Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 413K24 July 2016
Current rentAED 34K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Safi Apartments 2B

What is 604 worth today?

Last sold for AED 412,888 in 2016

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25 Mar 2024RentedRenewal
AED 34,100/yr12 months · AED 106 per sqft
25 Mar 2023RentedNew contract
AED 31,000/yr12 months · AED 96 per sqft
15 Nov 2022RentedRenewal
AED 28,000/yr12 months · AED 88 per sqft
15 Nov 2021RentedNew contract
AED 21,000/yr12 months · AED 66 per sqft
10 Aug 2020RentedRenewal
AED 26,000/yr12 months · AED 81 per sqft
10 Aug 2019RentedNew contract
AED 26,000/yr12 months · AED 81 per sqft
24 Jul 2016Sold by developerOff-plan
AED 412,888AED 1,291 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
Studio apartment
Size
320 sqft
Floor
6th of 7
Parking
G-111
Developer
Nshmi Development
Completed
2018
Last sold
AED 413K · July 2016

About 604, Safi Apartments 2B

604 is a studio of 320 sqft on the 6th floor of Safi Apartments 2B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 24 July 2016 for AED 412,888, or AED 1,291 per sqft, 4% above the AED 1,237 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 March 2024, is AED 34,100 a year: a gross yield of 8.3% on the 2016 price.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical studio in Safi Apartments 2B
400K450K500K2015201820212024Typical sale price by year: 2015 AED 387,888; 2025 AED 490,000Sold by developer, July 2016: AED 412,888 (AED 1,291 per sqft)

604 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 604, each contractTypical studio in Safi Apartments 2B
20K30K20192021202320252027Typical rent by year: 2019 AED 25,500; 2020 AED 24,500; 2021 AED 22,750; 2022 AED 23,750; 2023 AED 27,000; 2024 AED 33,050; 2025 AED 37,000; 2026 AED 35,322New contract, August 2019: AED 26,000 a yearRenewal, August 2020: AED 26,000 a yearNew contract, November 2021: AED 21,000 a yearRenewal, November 2022: AED 28,000 a yearNew contract, March 2023: AED 31,000 a yearRenewal, March 2024: AED 34,100 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Safi Apartments 2B, and where 604 sits

All 8 studios →

604 last sold in July 2016 at AED 1,291 per sqft, 4% above what studios in Safi Apartments 2B were fetching at the time (AED 1,237). Over the last 12 months studios sold for AED 528,000, around AED 1,651 per sqft, and rent for AED 29,400 to 40,000 a year. 604's AED 34,100 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Mar 2026528,000
30 Jul 2025500,000
29 May 2025400,000
27 Mar 2025490,000
1 studio sale 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 6th floor

All 89 units in Safi Apartments 2B
Value
6012-bedAED 774K · Jun 2016
6023-bedAED 1.42M · Jul 2020
6032-bedAED 800K · Oct 2023
6051-bedAED 613K · Jul 2016
6063-bedAED 1.65M · Nov 2025
6072-bedAED 825K · Jun 2016
6082-bedAED 720K · Jan 2023
1–7 of 10

604, Safi Apartments 2B in numbers

  • Sold once: by Nshmi Development on 24 July 2016 for AED 412,888, or AED 1,291 per sqft.
  • Rented since August 2019 on 6 Ejari contracts. The rent fell from AED 26,000 to AED 21,000 in 2021 and recovered to AED 34,100 by March 2024.
  • At AED 34,100 a year the gross yield on the 2016 price is 8.3%.
  • Studios in Safi Apartments 2B sold for AED 528,000–528,000 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 25 March 2024.

Questions about 604, Safi Apartments 2B

What did unit 604 last sell for?

AED 412,888 on 24 July 2016, sold by the developer: AED 1,291 per sqft for 320 sqft. It is the only registered sale of the unit.

What is the rent for unit 604?

AED 34,100 a year on the contract renewed on 25 March 2024. The previous contract, from March 2023, was AED 31,000; the unit has been rented since August 2019.

How big is unit 604?

320 sqft (29.7 sqm): a studio on the 6th floor of a 7-storey tower completed in 2018.

What is unit 604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safi Apartments 2B sold for AED 528,000 to 528,000 in the last 12 months, around AED 1,651 per sqft.

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Mortgage on 604, Safi Apartments 2B

Starts from the last sale price (AED 413K, 24 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 412,888
Deposit, UAE resident (20%)
AED 82,578
Deposit, non-resident (40%)
AED 165,155
Monthly over 25 years at 3.7%
AED 1,689

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