306, Safeer Tower 1
Sold prices and rental history: sold 3 times, last in March 2021, and rented once, from May 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, Safeer Tower 1
What is 306 worth today?
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Source: Dubai Land Department. Updated 4 March 2021.
Key facts
- Type
- Studio apartment
- Size
- 457 sqft
- Floor
- 3rd of 15
- Parking
- B2 - 049
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 400K · March 2021
- Building
- Safeer Tower 1
About 306, Safeer Tower 1
306 is a studio of 457 sqft on the 3rd floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 4 March 2021 for AED 400,000, or AED 874 per sqft, 19% above the AED 737 studios in the building were fetching at the time.
One Ejari contract is registered, from 2 May 2018. The current contract, signed on 2 May 2018, is AED 46,000 a year: a gross yield of 11.5% on the 2021 price, before the service charge of about AED 8,900 a year.
Sales and rents for 306 over time
306 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 306 sits
All 86 studios →306 last sold in March 2021 at AED 874 per sqft, 19% above what studios in Safeer Tower 1 were fetching at the time (AED 737). 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. 306's AED 46,000 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 3rd floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 934 sqft | AED 1.39MAED 1,393,381 · May 2015May 2015 | 70,000 /yr | |
| 302 | Studio | 427 sqft | AED 665KAED 665,000 · Jul 2024July 2024 | 59,500 /yr | |
| 303 | Studio | 445 sqft | AED 700KAED 700,000 · Sep 2025September 2025 | 66,000 /yr | |
| 304 | Studio | 429 sqft | AED 660KAED 660,000 · Jul 2025July 2025 | 57,600 /yr | |
| 305 | 1-bed | 1,011 sqft | AED 607KAED 606,762 · Nov 2020November 2020 | 110,400 /yr | |
| 307 | Studio | 457 sqft | AED 810KAED 809,670 · Jun 2015June 2015 | 50,000 /yr | |
| 308 | Studio | 455 sqft | AED 430KAED 430,000 · Feb 2023February 2023 | 70,072 /yr | |
| 309 | Studio | 476 sqft | AED 800KAED 800,000 · Jul 2017July 2017 | 55,000 /yr | |
| 310 | Studio | 457 sqft | AED 771KAED 771,115 · Apr 2015April 2015 | 46,659 /yr | |
| 311 | Studio | 462 sqft | AED 771KAED 771,115 · Apr 2015April 2015 | 35,000 /yr | |
| 312 | Studio | 457 sqft | AED 750KAED 750,000 · Mar 2025March 2025 | 67,000 /yr | |
| 313 | 1-bed | 1,011 sqft | AED 1.2MAED 1,200,000 · May 2018May 2018 | ||
| 314 | Studio | 429 sqft | AED 688KAED 687,994 · Aug 2017August 2017 | 56,000 /yr | |
| 315 | Studio | 445 sqft | AED 600KAED 600,000 · May 2024May 2024 | 50,000 /yr | |
| 316 | Studio | 427 sqft | AED 677KAED 676,972 · Feb 2015February 2015 | 64,000 /yr | |
| 317 | 1-bed | 961 sqft | AED 1.35MAED 1,347,696 · Jun 2017June 2017 | 68,619 /yr |
306, Safeer Tower 1 in numbers
- Sold 3 times: first on 13 April 2015 for AED 769,660, last on 4 March 2021 for AED 400,000 (AED 874 per sqft).
- Rented since May 2018 on one Ejari contract, at AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2021 price is 11.5%, 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 4 March 2021.
Questions about 306, Safeer Tower 1
What did unit 306 last sell for?
AED 400,000 on 4 March 2021: AED 874 per sqft for 457 sqft. The unit has 3 registered sales; the first was AED 769,660 in April 2015.
What is the rent for unit 306?
AED 46,000 a year on the contract signed on 2 May 2018.
How big is unit 306?
457 sqft (42.5 sqm): a studio on the 3rd floor of a 15-storey tower completed in 2017.
What is unit 306 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 306, Safeer Tower 1
Starts from the last sale price (AED 400K, 4 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →