206, Safeer Tower 1
Sold prices and rental history: sold twice, last in June 2024, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 206, Safeer Tower 1
What is 206 worth today?
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Source: Dubai Land Department. Updated 7 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 457 sqft
- Floor
- 2nd of 15
- Parking
- B2 - 010
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 650K · June 2024
- Building
- Safeer Tower 1
About 206, Safeer Tower 1
206 is a studio of 457 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 7 June 2024 for AED 650,000, or AED 1,421 per sqft, 6% above the AED 1,338 studios in the building were fetching at the time.
One Ejari contract is registered, from 14 April 2021. The current contract, signed on 14 April 2021, is AED 30,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 8,900 a year.
Sales and rents for 206 over time
206 has sold twice; 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 206 sits
All 86 studios →206 last sold in June 2024 at AED 1,421 per sqft, 6% above what studios in Safeer Tower 1 were fetching at the time (AED 1,338). 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. 206's AED 30,000 is at the bottom 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 | ||
| 9 Jan 20269 January 2026 | 445 sqft | 655,000 | 1,471 |
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 | |
| 203 | Studio | 445 sqft | AED 655KAED 655,000 · Jan 2026January 2026 | 50,000 /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 | ||
| 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 |
206, Safeer Tower 1 in numbers
- Sold twice: first on 26 August 2017 for AED 747,233, last on 7 June 2024 for AED 650,000 (AED 1,421 per sqft).
- Rented since April 2021 on one Ejari contract, at AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 8,900 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 7 June 2024.
Questions about 206, Safeer Tower 1
What did unit 206 last sell for?
AED 650,000 on 7 June 2024: AED 1,421 per sqft for 457 sqft. The unit has 2 registered sales; the first was AED 747,233 in August 2017.
What is the rent for unit 206?
AED 30,000 a year on the contract signed on 14 April 2021.
How big is unit 206?
457 sqft (42.5 sqm): a studio on the 2nd floor of a 15-storey tower completed in 2017.
What is unit 206 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 206, Safeer Tower 1
Starts from the last sale price (AED 650K, 7 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →