203, Safeer Tower 1
Sold prices and rental history: sold 3 times, last in January 2026, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Safeer Tower 1
What is 203 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 445 sqft
- Floor
- 2nd of 15
- Parking
- B2 - 012
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,700 /yr
- Last sold
- AED 655K · January 2026
- Building
- Safeer Tower 1
About 203, Safeer Tower 1
203 is a studio of 445 sqft on the 2nd floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 9 January 2026 for AED 655,000, or AED 1,471 per sqft, 4% below the AED 1,537 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 October 2026, is AED 50,000 a year: a gross yield of 7.6% on the 2026 price, before the service charge of about AED 8,700 a year.
Sales and rents for 203 over time
203 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safeer Tower 1, and where 203 sits
All 86 studios →203 last sold in January 2026 at AED 1,471 per sqft, 4% below what studios in Safeer Tower 1 were fetching at the time (AED 1,537). Over the last 12 months studios sold for AED 600,000 to 740,000, around AED 1,438 per sqft, and rent for AED 44,000 to 84,000 a year. 203's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202623 June 2026 | 457 sqft | 640,000 | 1,399 | ||
| 2 Apr 20262 April 2026 | 455 sqft | 600,000 | 1,319 | ||
| 30 Mar 202630 March 2026 | 457 sqft | 665,000 | 1,454 | ||
| 25 Dec 202525 December 2025 | 445 sqft | 640,000 | 1,438 |
Safeer Tower 1
Building170 apartments, studios to 2-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,359 Up 16.6%
- Typical sale
- AED 703K
- Typical rent
- AED 64K /yr
- Typical yield
- 8.3%
Other units on the 2nd floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 961 sqft | AED 900KAED 900,000 · May 2023May 2023 | 48,000 /yr | |
| 202 | Studio | 332 sqft | AED 558KAED 558,000 · Jan 2024January 2024 | 47,871 /yr | |
| 204 | Studio | 429 sqft | AED 570KAED 570,000 · Dec 2023December 2023 | 45,000 /yr | |
| 205 | 1-bed | 1,011 sqft | AED 1.3MAED 1,300,000 · Aug 2017August 2017 | ||
| 206 | Studio | 457 sqft | AED 650KAED 650,000 · Jun 2024June 2024 | 30,000 /yr | |
| 207 | Studio | 462 sqft | AED 747KAED 747,233 · Jun 2017June 2017 | 65,000 /yr | |
| 208 | Studio | 455 sqft | AED 808KAED 807,570 · Aug 2017August 2017 | 45,000 /yr | |
| 209 | Studio | 476 sqft | AED 660KAED 660,000 · May 2025May 2025 | 55,000 /yr | |
| 210 | Studio | 457 sqft | AED 750KAED 749,670 · Aug 2017August 2017 | 44,000 /yr | |
| 211 | Studio | 462 sqft | AED 748KAED 747,840 · Jun 2017June 2017 | 50,000 /yr | |
| 212 | Studio | 457 sqft | AED 680KAED 680,000 · Dec 2024December 2024 | 65,000 /yr | |
| 213 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 96,000 /yr | |
| 214 | Studio | 429 sqft | AED 760KAED 760,414 · Aug 2016August 2016 | 47,000 /yr | |
| 215 | Studio | 445 sqft | AED 425KAED 425,000 · Jan 2020January 2020 | 60,000 /yr | |
| 216 | Studio | 427 sqft | AED 430KAED 430,000 · Sep 2021September 2021 | 72,000 /yr | |
| 217 | 1-bed | 961 sqft | AED 963KAED 963,000 · May 2025May 2025 | 75,000 /yr |
203, Safeer Tower 1 in numbers
- Sold 3 times: first on 26 August 2017 for AED 655,870, last on 9 January 2026 for AED 655,000 (AED 1,471 per sqft).
- Rented since July 2017 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2020 and recovered to AED 50,000 by October 2026.
- At AED 50,000 a year the gross yield on the 2026 price is 7.6%, before a service charge of about AED 8,700 a year (AED 19.53 per sqft).
- Studios in Safeer Tower 1 sold for AED 600,000–740,000 in the 12 months to November 2026; the building's median across all types is AED 1,359 per sqft.
Source: Dubai Land Department. Updated 1 October 2026.
Questions about 203, Safeer Tower 1
What did unit 203 last sell for?
AED 655,000 on 9 January 2026: AED 1,471 per sqft for 445 sqft. The unit has 3 registered sales; the first was AED 655,870 in August 2017.
What is the rent for unit 203?
AED 50,000 a year on the contract signed on 1 October 2026. The previous contract, from September 2025, was AED 52,000; the unit has been rented since July 2017.
How big is unit 203?
445 sqft (41.3 sqm): a studio on the 2nd floor of a 15-storey tower completed in 2017.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 1 sold for AED 600,000 to 740,000 in the last 12 months, around AED 1,438 per sqft.
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Mortgage on 203, Safeer Tower 1
Starts from the last sale price (AED 655K, 9 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 655,000
- Deposit, UAE resident (20%)
- AED 131,000
- Deposit, non-resident (40%)
- AED 262,000
- Monthly over 25 years at 3.7%
- AED 2,680
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →