214, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2016, 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 214, Safeer Tower 1
What is 214 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 429 sqft
- Floor
- 2nd of 15
- Parking
- B2 - 003
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,400 /yr
- Last sold
- AED 760K · August 2016
- Building
- Safeer Tower 1
About 214, Safeer Tower 1
214 is a studio of 429 sqft on the 2nd floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 15 August 2016 for AED 760,414, or AED 1,770 per sqft, in line with the AED 1,770 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 15 November 2024, is AED 47,000 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 8,400 a year.
Sales and rents for 214 over time
214 has sold once; 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 214 sits
All 86 studios →214 last sold in August 2016 at AED 1,770 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 1,770). 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. 214's AED 47,000 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 | ||
| 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 | ||
| 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 | |
| 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 |
214, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 15 August 2016 for AED 760,414, or AED 1,770 per sqft.
- Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 30,000 in 2021 and recovered to AED 47,000 by November 2024.
- At AED 47,000 a year the gross yield on the 2016 price is 6.2%, before a service charge of about AED 8,400 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 15 November 2024.
Questions about 214, Safeer Tower 1
What did unit 214 last sell for?
AED 760,414 on 15 August 2016, sold by the developer: AED 1,770 per sqft for 429 sqft. It is the only registered sale of the unit.
What is the rent for unit 214?
AED 47,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2021, was AED 34,000; the unit has been rented since October 2017.
How big is unit 214?
429 sqft (39.9 sqm): a studio on the 2nd floor of a 15-storey tower completed in 2017.
What is unit 214 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 214, Safeer Tower 1
Starts from the last sale price (AED 760K, 15 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 760,414
- Deposit, UAE resident (20%)
- AED 152,083
- Deposit, non-resident (40%)
- AED 304,166
- Monthly over 25 years at 3.7%
- AED 3,111
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →