515, Safeer Tower 1
Sold prices and rental history: sold 3 times, last in August 2023, 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 515, Safeer Tower 1
What is 515 worth today?
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Source: Dubai Land Department. Updated 10 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 445 sqft
- Floor
- 5th of 15
- Parking
- B1 - 007
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,700 /yr
- Last sold
- AED 441K · August 2023
- Building
- Safeer Tower 1
About 515, Safeer Tower 1
515 is a studio of 445 sqft on the 5th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 10 August 2023 for AED 440,600, or AED 990 per sqft, in line with the AED 990 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 29 October 2021, is AED 33,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 8,700 a year.
Sales and rents for 515 over time
515 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 515 sits
All 86 studios →515 last sold in August 2023 at AED 990 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 990). 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. 515's AED 33,000 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 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 | |
| 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 | |
| 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 |
515, Safeer Tower 1 in numbers
- Sold 3 times: first on 9 April 2017 for AED 780,038, last on 10 August 2023 for AED 440,600 (AED 990 per sqft).
- Rented since July 2017 on 5 Ejari contracts, from AED 53,000 to AED 33,000 a year.
- At AED 33,000 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 8,700 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 10 August 2023.
Questions about 515, Safeer Tower 1
What did unit 515 last sell for?
AED 440,600 on 10 August 2023: AED 990 per sqft for 445 sqft. The unit has 3 registered sales; the first was AED 780,038 in April 2017.
What is the rent for unit 515?
AED 33,000 a year on the contract signed on 29 October 2021. The previous contract, from October 2020, was AED 34,800; the unit has been rented since July 2017.
How big is unit 515?
445 sqft (41.3 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 515 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 515, Safeer Tower 1
Starts from the last sale price (AED 441K, 10 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 440,600
- Deposit, UAE resident (20%)
- AED 88,120
- Deposit, non-resident (40%)
- AED 176,240
- Monthly over 25 years at 3.7%
- AED 1,803
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →