508, 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 508, Safeer Tower 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 455 sqft
- Floor
- 5th of 15
- Parking
- B1 - 013
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 765K · August 2016
- Building
- Safeer Tower 1
About 508, Safeer Tower 1
508 is a studio of 455 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 15 August 2016 for AED 765,000, or AED 1,681 per sqft, 5% below the AED 1,770 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 11 Ejari contracts. The current contract, signed on 25 January 2026, is AED 58,000 a year: a gross yield of 7.6% on the 2016 price, before the service charge of about AED 8,900 a year.
Sales and rents for 508 over time
508 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 508 sits
All 86 studios →508 last sold in August 2016 at AED 1,681 per sqft, 5% below 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. 508's AED 58,000 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 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 | |
| 505 | 1-bed | 1,011 sqft | AED 607KAED 606,762 · Nov 2020November 2020 | 126,000 /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 | |
| 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 |
508, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 15 August 2016 for AED 765,000, or AED 1,681 per sqft.
- Rented since September 2017 on 11 Ejari contracts. The rent fell from AED 56,000 to AED 32,000 in 2021 and recovered to AED 58,000 by January 2026.
- At AED 58,000 a year the gross yield on the 2016 price is 7.6%, 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 25 January 2026.
Questions about 508, Safeer Tower 1
What did unit 508 last sell for?
AED 765,000 on 15 August 2016, sold by the developer: AED 1,681 per sqft for 455 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 58,000 a year on the contract signed on 25 January 2026. The previous contract, from October 2025, was AED 55,000; the unit has been rented since September 2017.
How big is unit 508?
455 sqft (42.3 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 508 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 508, Safeer Tower 1
Starts from the last sale price (AED 765K, 15 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 765,000
- Deposit, UAE resident (20%)
- AED 153,000
- Deposit, non-resident (40%)
- AED 306,000
- Monthly over 25 years at 3.7%
- AED 3,130
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →