311, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in September 2018, 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 311, Safeer Tower 2
What is 311 worth today?
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Source: Dubai Land Department. Updated 2 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 477 sqft
- Floor
- 3rd of 15
- Parking
- B2-7
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 573K · September 2018
- Building
- Safeer Tower 2
About 311, Safeer Tower 2
311 is a studio of 477 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 3 September 2018 for AED 572,726, or AED 1,199 per sqft, 20% below the AED 1,494 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 2 September 2024, is AED 37,500 a year: a gross yield of 6.6% on the 2018 price, before the service charge of about AED 8,100 a year.
Sales and rents for 311 over time
311 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 311 sits
All 102 studios →311 last sold in September 2018 at AED 1,199 per sqft, 20% below what studios in Safeer Tower 2 were fetching at the time (AED 1,494). 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. 311's AED 37,500 is at the bottom 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 | |
| 302 | Studio | 480 sqft | AED 866KAED 865,502 · Aug 2016August 2016 | 48,600 /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 | |
| 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 |
311, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 3 September 2018 for AED 572,726, or AED 1,199 per sqft.
- Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 43,000 to AED 30,000 in 2020 and recovered to AED 37,500 by September 2024.
- At AED 37,500 a year the gross yield on the 2018 price is 6.6%, 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 2 September 2024.
Questions about 311, Safeer Tower 2
What did unit 311 last sell for?
AED 572,726 on 3 September 2018, sold by the developer: AED 1,199 per sqft for 477 sqft. It is the only registered sale of the unit.
What is the rent for unit 311?
AED 37,500 a year on the contract renewed on 2 September 2024. The previous contract, from September 2022, was AED 34,500; the unit has been rented since September 2018.
How big is unit 311?
477 sqft (44.3 sqm): a studio on the 3rd floor of a 15-storey tower completed in 2017.
What is unit 311 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 311, Safeer Tower 2
Starts from the last sale price (AED 573K, 3 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 572,726
- Deposit, UAE resident (20%)
- AED 114,545
- Deposit, non-resident (40%)
- AED 229,090
- Monthly over 25 years at 3.7%
- AED 2,343
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →