615, Safeer Tower 1
Sold prices and rental history: sold twice, last in March 2022, 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 615, Safeer Tower 1
What is 615 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 445 sqft
- Floor
- 6th of 15
- Parking
- B1 - 044
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,700 /yr
- Last sold
- AED 396K · March 2022
- Building
- Safeer Tower 1
About 615, Safeer Tower 1
615 is a studio of 445 sqft on the 6th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 1 March 2022 for AED 395,502, or AED 888 per sqft, in line with the AED 888 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 15 April 2024, is AED 72,000 a year: a gross yield of 18.2% on the 2022 price, before the service charge of about AED 8,700 a year.
Sales and rents for 615 over time
615 has sold twice; 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 615 sits
All 86 studios →615 last sold in March 2022 at AED 888 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 888). 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. 615's AED 72,000 is in the upper 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 6th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | 80,000 /yr | |
| 602 | Studio | 427 sqft | AED 720KAED 720,000 · Jul 2025July 2025 | 65,000 /yr | |
| 603 | Studio | 445 sqft | AED 740KAED 740,000 · Dec 2025December 2025 | 54,000 /yr | |
| 604 | Studio | 429 sqft | AED 738KAED 738,266 · Apr 2015April 2015 | ||
| 605 | 1-bed | 1,011 sqft | AED 1.08MAED 1,080,000 · Nov 2025November 2025 | 46,000 /yr | |
| 606 | Studio | 457 sqft | AED 823KAED 823,483 · Aug 2017August 2017 | 58,000 /yr | |
| 607 | Studio | 462 sqft | AED 825KAED 825,040 · Aug 2017August 2017 | 78,000 /yr | |
| 608 | Studio | 455 sqft | AED 740KAED 740,000 · May 2017May 2017 | 55,000 /yr | |
| 609 | Studio | 476 sqft | AED 827KAED 827,459 · Aug 2017August 2017 | 50,000 /yr | |
| 610 | Studio | 457 sqft | AED 791KAED 790,557 · Aug 2017August 2017 | 60,000 /yr | |
| 611 | Studio | 462 sqft | AED 791KAED 790,557 · Aug 2017August 2017 | 55,000 /yr | |
| 612 | Studio | 457 sqft | AED 402KAED 402,477 · Mar 2022March 2022 | 84,000 /yr | |
| 613 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 87,000 /yr | |
| 614 | Studio | 429 sqft | AED 525KAED 525,444 · Jul 2018July 2018 | 45,000 /yr | |
| 616 | Studio | 427 sqft | AED 713KAED 712,524 · Mar 2015March 2015 | 30,000 /yr | |
| 617 | 1-bed | 961 sqft | AED 940KAED 940,000 · Jan 2025January 2025 | 84,000 /yr |
615, Safeer Tower 1 in numbers
- Sold twice: first on 7 June 2015 for AED 724,321, last on 1 March 2022 for AED 395,502 (AED 888 per sqft).
- Rented since October 2017 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 28,000 in 2020 and recovered to AED 72,000 by April 2024.
- At AED 72,000 a year the gross yield on the 2022 price is 18.2%, 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 15 April 2024.
Questions about 615, Safeer Tower 1
What did unit 615 last sell for?
AED 395,502 on 1 March 2022: AED 888 per sqft for 445 sqft. The unit has 2 registered sales; the first was AED 724,321 in June 2015.
What is the rent for unit 615?
AED 72,000 a year on the contract signed on 15 April 2024. The previous contract, from October 2022, was AED 36,000; the unit has been rented since October 2017.
How big is unit 615?
445 sqft (41.3 sqm): a studio on the 6th floor of a 15-storey tower completed in 2017.
What is unit 615 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 615, Safeer Tower 1
Starts from the last sale price (AED 396K, 1 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 395,502
- Deposit, UAE resident (20%)
- AED 79,100
- Deposit, non-resident (40%)
- AED 158,201
- Monthly over 25 years at 3.7%
- AED 1,618
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →