203, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in December 2015, 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 203, Safeer Tower 2
What is 203 worth today?
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Source: Dubai Land Department. Updated 26 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 477 sqft
- Floor
- 2nd of 15
- Parking
- B2-46
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,000 /yr
- Last sold
- AED 816K · December 2015
- Building
- Safeer Tower 2
About 203, Safeer Tower 2
203 is a studio of 477 sqft on the 2nd floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 27 December 2015 for AED 816,463, or AED 1,711 per sqft, 5% below the AED 1,794 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 26 February 2025, is AED 52,500 a year: a gross yield of 6.4% on the 2015 price, before the service charge of about AED 8,000 a year.
Sales and rents for 203 over time
203 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 2, and where 203 sits
All 102 studios →203 last sold in December 2015 at AED 1,711 per sqft, 5% below what studios in Safeer Tower 2 were fetching at the time (AED 1,794). Over the last 12 months studios sold for AED 615,000 to 750,000, around AED 1,550 per sqft, and rent for AED 40,000 to 96,000 a year. 203's AED 52,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 471 sqft | 700,000 | 1,486 | ||
| 3 Jul 20263 July 2026 | 483 sqft | 660,000 | 1,367 | ||
| 11 Jun 202611 June 2026 | 483 sqft | 662,700 | 1,372 | ||
| 5 Jun 20265 June 2026 | 484 sqft | 615,000 | 1,271 |
Safeer Tower 2
Building178 apartments, studios to 4-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,486 Up 13.1%
- Typical sale
- AED 750K
- Typical rent
- AED 56K /yr
- Typical yield
- 6.7%
Other units on the 2nd floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 878 sqft | AED 527KAED 526,806 · Nov 2020November 2020 | 108,000 /yr | |
| 202 | Studio | 480 sqft | AED 818KAED 817,740 · Feb 2016February 2016 | 55,000 /yr | |
| 204 | Studio | 480 sqft | AED 814KAED 813,544 · Oct 2015October 2015 | 55,000 /yr | |
| 205 | Studio | 480 sqft | AED 814KAED 813,544 · Dec 2015December 2015 | 57,000 /yr | |
| 206 | Studio | 466 sqft | AED 739KAED 739,278 · Jul 2015July 2015 | 40,000 /yr | |
| 207 | Studio | 485 sqft | AED 640KAED 640,000 · Mar 2024March 2024 | 41,000 /yr | |
| 208 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 108,000 /yr | |
| 209 | 1-bed | 878 sqft | AED 527KAED 526,872 · Nov 2020November 2020 | 85,000 /yr | |
| 210 | Studio | 480 sqft | AED 818KAED 817,740 · Feb 2016February 2016 | 54,000 /yr | |
| 211 | Studio | 477 sqft | AED 628KAED 627,500 · Aug 2025August 2025 | 40,500 /yr | |
| 212 | Studio | 480 sqft | AED 430KAED 430,000 · Mar 2023March 2023 | 47,000 /yr | |
| 213 | Studio | 480 sqft | AED 660KAED 660,000 · Aug 2024August 2024 | 44,424 /yr | |
| 214 | Studio | 471 sqft | AED 700KAED 700,000 · Sep 2026September 2026 | 48,000 /yr | |
| 215 | Studio | 484 sqft | AED 824KAED 824,126 · Nov 2016November 2016 | 59,400 /yr | |
| 216 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 105,000 /yr |
203, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 27 December 2015 for AED 816,463, or AED 1,711 per sqft.
- Rented since July 2018 on 9 Ejari contracts. The rent fell from AED 48,000 to AED 33,000 in 2020 and recovered to AED 52,500 by February 2025.
- At AED 52,500 a year the gross yield on the 2015 price is 6.4%, before a service charge of about AED 8,000 a year (AED 16.87 per sqft).
- Studios in Safeer Tower 2 sold for AED 615,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,486 per sqft.
Source: Dubai Land Department. Updated 26 February 2025.
Questions about 203, Safeer Tower 2
What did unit 203 last sell for?
AED 816,463 on 27 December 2015, sold by the developer: AED 1,711 per sqft for 477 sqft. It is the only registered sale of the unit.
What is the rent for unit 203?
AED 52,500 a year on the contract signed on 26 February 2025. The previous contract, from February 2025, was AED 52,500; the unit has been rented since July 2018.
How big is unit 203?
477 sqft (44.3 sqm): a studio on the 2nd floor of a 15-storey tower completed in 2017.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 2 sold for AED 615,000 to 750,000 in the last 12 months, around AED 1,550 per sqft.
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Mortgage on 203, Safeer Tower 2
Starts from the last sale price (AED 816K, 27 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 816,463
- Deposit, UAE resident (20%)
- AED 163,293
- Deposit, non-resident (40%)
- AED 326,585
- Monthly over 25 years at 3.7%
- AED 3,340
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →