505, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Safeer Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 8 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,011 sqft
- Floor
- 5th of 15
- Parking
- B2 - 051
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 19,800 /yr
- Last sold
- AED 607K · November 2020
- Building
- Safeer Tower 1
About 505, Safeer Tower 1
505 is a one-bedroom apartment of 1,011 sqft on the 5th 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 1 November 2020 for AED 606,762, or AED 600 per sqft, in line with the AED 599 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 8 November 2025, is AED 126,000 a year: a gross yield of 20.8% on the 2020 price, before the service charge of about AED 19,800 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Safeer Tower 1, and where 505 sits
All 54 1-beds →505 last sold in November 2020 at AED 600 per sqft, in line with what one-beds in Safeer Tower 1 were fetching at the time (AED 599). Over the last 12 months one-beds sold for AED 1,050,000 to 1,177,292, around AED 1,225 per sqft, and rent for AED 69,878 to 93,000 a year. 505's AED 126,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 857 sqft | 1,050,000 | 1,225 | ||
| 9 Mar 20269 March 2026 | 960 sqft | 1,177,292 | 1,226 | ||
| 27 Nov 202527 November 2025 | 1,011 sqft | 1,080,000 | 1,067 | ||
| 16 May 202516 May 2025 | 961 sqft | 963,000 | 1,002 |
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 5th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 961 sqft | AED 1.04MAED 1,035,000 · Nov 2024November 2024 | 78,000 /yr | |
| 502 | Studio | 427 sqft | AED 665KAED 665,000 · May 2024May 2024 | 50,000 /yr | |
| 503 | Studio | 445 sqft | AED 640KAED 640,000 · Dec 2025December 2025 | 60,000 /yr | |
| 504 | Studio | 429 sqft | AED 660KAED 660,000 · Sep 2025September 2025 | 60,000 /yr | |
| 506 | Studio | 457 sqft | AED 650KAED 650,000 · Jun 2024June 2024 | 46,000 /yr | |
| 507 | Studio | 462 sqft | AED 510KAED 510,000 · Jul 2023July 2023 | 66,000 /yr | |
| 508 | Studio | 455 sqft | AED 765KAED 765,000 · Aug 2016August 2016 | 58,000 /yr | |
| 509 | Studio | 476 sqft | AED 791KAED 791,010 · Jun 2017June 2017 | 48,000 /yr | |
| 510 | Studio | 457 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 63,000 /yr | |
| 511 | Studio | 462 sqft | AED 655KAED 655,000 · Nov 2025November 2025 | 62,400 /yr | |
| 512 | Studio | 457 sqft | AED 765KAED 765,000 · Aug 2017August 2017 | 44,879 /yr | |
| 513 | 1-bed | 1,011 sqft | AED 720KAED 720,000 · May 2023May 2023 | 44,000 /yr | |
| 514 | Studio | 429 sqft | AED 799KAED 798,813 · Jun 2017June 2017 | 49,500 /yr | |
| 515 | Studio | 445 sqft | AED 441KAED 440,600 · Aug 2023August 2023 | 33,000 /yr | |
| 516 | Studio | 427 sqft | AED 495KAED 495,300 · Nov 2019November 2019 | 48,000 /yr | |
| 517 | 1-bed | 961 sqft | AED 1.35MAED 1,347,696 · Aug 2017August 2017 | 80,000 /yr |
505, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 1 November 2020 for AED 606,762, or AED 600 per sqft.
- Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 65,000 to AED 45,000 in 2021 and recovered to AED 126,000 by November 2025.
- At AED 126,000 a year the gross yield on the 2020 price is 20.8%, before a service charge of about AED 19,800 a year (AED 19.53 per sqft).
- One-beds in Safeer Tower 1 sold for AED 1,050,000–1,177,292 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 8 November 2025.
Questions about 505, Safeer Tower 1
What did unit 505 last sell for?
AED 606,762 on 1 November 2020, sold by the developer: AED 600 per sqft for 1,011 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 126,000 a year on the contract signed on 8 November 2025. The previous contract, from June 2024, was AED 90,000; the unit has been rented since September 2018.
How big is unit 505?
1,011 sqft (93.9 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2017.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Safeer Tower 1 sold for AED 1,050,000 to 1,177,292 in the last 12 months, around AED 1,225 per sqft.
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Mortgage on 505, Safeer Tower 1
Starts from the last sale price (AED 607K, 1 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 606,762
- Deposit, UAE resident (20%)
- AED 121,352
- Deposit, non-resident (40%)
- AED 242,705
- Monthly over 25 years at 3.7%
- AED 2,482
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →