302, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, Safeer Tower 2
What is 302 worth today?
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Source: Dubai Land Department. Updated 7 June 2019.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 3rd of 15
- Parking
- B2-57
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 866K · August 2016
- Building
- Safeer Tower 2
About 302, Safeer Tower 2
302 is a studio of 480 sqft on the 3rd 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 8 August 2016 for AED 865,502, or AED 1,803 per sqft, in line with the AED 1,794 studios in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 7 June 2019, is AED 48,600 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 8,100 a year.
Sales and rents for 302 over time
302 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 302 sits
All 102 studios →302 last sold in August 2016 at AED 1,803 per sqft, in line with 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. 302's AED 48,600 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 3rd floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 878 sqft | AED 527KAED 526,806 · Nov 2020November 2020 | 45,000 /yr | |
| 303 | Studio | 477 sqft | AED 864KAED 864,150 · Aug 2016August 2016 | 52,500 /yr | |
| 304 | Studio | 480 sqft | AED 590KAED 590,000 · Nov 2023November 2023 | 53,000 /yr | |
| 305 | Studio | 480 sqft | AED 624KAED 623,531 · Oct 2018October 2018 | 52,000 /yr | |
| 306 | Studio | 471 sqft | AED 525KAED 525,000 · Nov 2023November 2023 | 46,000 /yr | |
| 307 | Studio | 485 sqft | AED 872KAED 872,261 · Mar 2018March 2018 | 47,000 /yr | |
| 308 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 40,000 /yr | |
| 309 | 1-bed | 878 sqft | AED 1.3MAED 1,300,000 · Jul 2025July 2025 | 62,000 /yr | |
| 310 | Studio | 480 sqft | AED 610KAED 610,000 · Sep 2025September 2025 | 44,000 /yr | |
| 311 | Studio | 477 sqft | AED 573KAED 572,726 · Sep 2018September 2018 | 37,500 /yr | |
| 312 | Studio | 480 sqft | AED 540KAED 540,000 · Oct 2019October 2019 | 60,000 /yr | |
| 313 | Studio | 480 sqft | AED 232KAED 231,500 · Oct 2022October 2022 | 46,000 /yr | |
| 314 | Studio | 471 sqft | AED 670KAED 670,000 · May 2025May 2025 | 45,000 /yr | |
| 315 | Studio | 484 sqft | AED 615KAED 615,000 · Jun 2026June 2026 | 42,000 /yr | |
| 316 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 51,750 /yr |
302, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 8 August 2016 for AED 865,502, or AED 1,803 per sqft.
- Rented since June 2018 on 2 Ejari contracts, from AED 48,000 to AED 48,600 a year.
- At AED 48,600 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 8,100 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 7 June 2019.
Questions about 302, Safeer Tower 2
What did unit 302 last sell for?
AED 865,502 on 8 August 2016, sold by the developer: AED 1,803 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 48,600 a year on the contract renewed on 7 June 2019. The previous contract, from June 2018, was AED 48,000.
How big is unit 302?
480 sqft (44.6 sqm): a studio on the 3rd floor of a 15-storey tower completed in 2017.
What is unit 302 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 302, Safeer Tower 2
Starts from the last sale price (AED 866K, 8 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 865,502
- Deposit, UAE resident (20%)
- AED 173,100
- Deposit, non-resident (40%)
- AED 346,201
- Monthly over 25 years at 3.7%
- AED 3,541
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →