716, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2017, 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 716, Safeer Tower 1
What is 716 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 427 sqft
- Floor
- 7th of 15
- Parking
- B1 - 030
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 713K · August 2017
- Building
- Safeer Tower 1
About 716, Safeer Tower 1
716 is a studio of 427 sqft on the 7th 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 26 August 2017 for AED 712,524, or AED 1,670 per sqft, in line with the AED 1,666 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 October 2024, is AED 50,000 a year: a gross yield of 7.0% on the 2017 price, before the service charge of about AED 8,300 a year.
Sales and rents for 716 over time
716 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 716 sits
All 86 studios →716 last sold in August 2017 at AED 1,670 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 1,666). 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. 716's AED 50,000 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 7th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | ||
| 702 | Studio | 427 sqft | AED 735KAED 734,930 · Mar 2015March 2015 | 58,909 /yr | |
| 703 | Studio | 445 sqft | AED 695KAED 695,000 · Jun 2017June 2017 | 53,000 /yr | |
| 704 | Studio | 429 sqft | AED 600KAED 600,000 · Oct 2024October 2024 | 67,000 /yr | |
| 705 | 1-bed | 1,011 sqft | AED 1.1MAED 1,100,000 · Sep 2023September 2023 | 105,000 /yr | |
| 706 | Studio | 457 sqft | AED 640KAED 640,000 · Jun 2026June 2026 | 27,950 /yr | |
| 707 | Studio | 462 sqft | AED 781KAED 780,557 · Aug 2017August 2017 | 53,000 /yr | |
| 708 | Studio | 455 sqft | AED 808KAED 807,953 · Aug 2017August 2017 | 50,400 /yr | |
| 709 | Studio | 476 sqft | AED 827KAED 827,459 · Aug 2017August 2017 | 50,000 /yr | |
| 710 | Studio | 457 sqft | AED 665KAED 665,000 · Mar 2026March 2026 | 55,000 /yr | |
| 711 | Studio | 462 sqft | AED 635KAED 635,000 · Nov 2024November 2024 | 65,000 /yr | |
| 712 | Studio | 457 sqft | AED 561KAED 560,500 · Aug 2023August 2023 | 60,000 /yr | |
| 713 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 93,000 /yr | |
| 714 | Studio | 429 sqft | AED 734KAED 733,620 · Feb 2017February 2017 | 33,000 /yr | |
| 715 | Studio | 445 sqft | AED 267KAED 266,988 · Nov 2020November 2020 | 84,000 /yr | |
| 717 | 1-bed | 961 sqft | AED 1.18MAED 1,178,000 · Jul 2024July 2024 | 82,000 /yr |
716, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 26 August 2017 for AED 712,524, or AED 1,670 per sqft.
- Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 30,000 in 2021 and recovered to AED 50,000 by October 2024.
- At AED 50,000 a year the gross yield on the 2017 price is 7.0%, before a service charge of about AED 8,300 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 1 October 2024.
Questions about 716, Safeer Tower 1
What did unit 716 last sell for?
AED 712,524 on 26 August 2017, sold by the developer: AED 1,670 per sqft for 427 sqft. It is the only registered sale of the unit.
What is the rent for unit 716?
AED 50,000 a year on the contract signed on 1 October 2024. The previous contract, from September 2022, was AED 36,000; the unit has been rented since November 2018.
How big is unit 716?
427 sqft (39.7 sqm): a studio on the 7th floor of a 15-storey tower completed in 2017.
What is unit 716 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 716, Safeer Tower 1
Starts from the last sale price (AED 713K, 26 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 712,524
- Deposit, UAE resident (20%)
- AED 142,505
- Deposit, non-resident (40%)
- AED 285,010
- Monthly over 25 years at 3.7%
- AED 2,915
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →