PropertyIndex

Safi

Completed · Q1 2019|588 units · 4 buildings · 1 podium

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Safi is a completed apartment development by NSHMI DEVELOPMENT L.L.C in Town Square, Al Yelayiss 2, comprising 588 registered units. 929 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,191 per sqft. At AED 1,191 per sqft, Safi prices 15% below the Town Square average of AED 1,409 per sqft on registered sales.

PIX© price · 25.5% YoY
1.20MAED
Typical
1,191AED
PSF
Gross yield
7.2%
PIX© rent ÷ PIX© price
Sale records
929
DLD · all time
Rent contracts
3,182
Ejari · all time
Safi

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
319 – 16,835 sqft
5881.20M1,19125.5%87K7.2%
Residential
Studio · Apartment
319 – 343 sqft
34
1 Bed · Apartment
573 – 848 sqft
108
2 Bed · Apartment
881 – 1,586 sqft
300
3 Bed · Apartment
1,339 – 2,643 sqft
137
Commercial
Office
16,835 sqft
1
Shop
550 – 2,149 sqft
8
Sales — Project-Wide929 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower & Floor Analysis
last 24 months
All towers · 166 sales
Floors 1-2 · 37 sales
Floors 3-4 · 62 sales
Floor 5 · 30 sales
Floors 6-7 · 37 sales
Town Square Safi 1b · 41 sales
Floors 1-2 · 8 sales
Floors 3-4 · 13 sales
Floor 5 · 8 sales
Floors 6-7 · 12 sales
Town Square Safi 2a · 40 sales
Floors 1-2 · 12 sales
Floors 3-4 · 13 sales
Floor 5
Floors 6-7 · 9 sales
Town Square Safi 1a · 48 sales
Floors 1-2 · 14 sales
Floors 3-4 · 13 sales
Floor 5
Floors 6-7 · 15 sales
Town Square Safi 2b · 37 sales
Floors 1-2
Floors 3-4 · 23 sales
Floor 5 · 10 sales
Floors 6-7
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
14 Aug 20262 BedTown Square Safi 2b · Floor 49431,180,0001,252+42.2%StandardStandard Sale
11 Aug 20263 BedTown Square Safi 2a · Floor 71,3401,770,0001,321+22.1%StandardStandard Sale
7 Aug 20262 BedTown Square Safi 2b · Floor 11,2311,148,720933+40.3%Entry LevelStandard Sale
Rentals — Project-Wide3,182 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 806 rentals
Floor 1 · 117 rentals
Floor 2 · 129 rentals
Floor 3 · 104 rentals
Floors 4-7 · 456 rentals
Town Square Safi 1a · 217 rentals
Floor 1 · 28 rentals
Floor 2 · 30 rentals
Floor 3 · 33 rentals
Floors 4-7 · 126 rentals
Town Square Safi 2a · 201 rentals
Floor 1 · 31 rentals
Floor 2 · 32 rentals
Floor 3 · 26 rentals
Floors 4-7 · 112 rentals
Town Square Safi 2b · 122 rentals
Floor 1 · 11 rentals
Floor 2 · 22 rentals
Floor 3 · 10 rentals
Floors 4-7 · 79 rentals
Town Square Safi 1b · 266 rentals
Floor 1 · 47 rentals
Floor 2 · 45 rentals
Floor 3 · 35 rentals
Floors 4-7 · 139 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
2 Jun 20273 Bed1,40894,80067Standardrenewal
1 Sep 20263 Bed1,431115,00080Standardrenewal
22 Aug 20261 Bed62857,00091Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Town Square

The closest-priced registered projects in Town Square.

Common questions about Safi

Answered from Dubai Land Department registered transactions.

How much does a property in Safi cost?

Property in Safi sells at a current PIX© price of AED 1,191 per sqft, or about AED 1,195,747 for a typical unit, based on 929 sales registered with the Dubai Land Department.

Is Safi completed?

Yes. Safi is recorded as completed in the Dubai Land Department project register (completed q1 2019).

Who is the developer of Safi?

Safi is developed by NSHMI DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Safi?

Safi yields 7.2% gross, calculated from current PIX© rent against current PIX© sale price, across 3,182 registered Ejari contracts.

How many units are in Safi?

Safi holds 588 registered units, per the Dubai Land Department unit register.

Have prices in Safi gone up or down?

Price per sqft has risen +25.5% over the last 12 months, to AED 1,191, across 929 registered sales.