316, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in November 2020, 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 316, Safeer Tower 2
What is 316 worth today?
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Source: Dubai Land Department. Updated 5 September 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 1,029 sqft
- Floor
- 3rd of 15
- Parking
- B2-60
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 17,400 /yr
- Last sold
- AED 617K · November 2020
- Building
- Safeer Tower 2
About 316, Safeer Tower 2
316 is a one-bedroom apartment of 1,029 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 9 November 2020 for AED 617,226, or AED 600 per sqft, in line with the AED 600 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 5 September 2022, is AED 51,750 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 17,400 a year.
Sales and rents for 316 over time
316 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Safeer Tower 2, and where 316 sits
All 54 1-beds →316 last sold in November 2020 at AED 600 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 600). Over the last 12 months one-beds sold for AED 950,000 to 1,200,000, around AED 1,095 per sqft, and rent for AED 57,960 to 96,000 a year. 316's AED 51,750 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 May 202611 May 2026 | 1,029 sqft | 1,200,000 | 1,166 | ||
| 19 Nov 202519 November 2025 | 928 sqft | 950,000 | 1,023 | ||
| 22 Jul 202522 July 2025 | 878 sqft | 1,300,000 | 1,480 | ||
| 15 May 202515 May 2025 | 878 sqft | 900,000 | 1,025 |
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 | |
| 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, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 9 November 2020 for AED 617,226, or AED 600 per sqft.
- Rented since September 2018 on 4 Ejari contracts. The rent fell from AED 65,000 to AED 43,000 in 2020 and recovered to AED 51,750 by September 2022.
- At AED 51,750 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 17,400 a year (AED 16.87 per sqft).
- One-beds in Safeer Tower 2 sold for AED 950,000–1,200,000 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 5 September 2022.
Questions about 316, Safeer Tower 2
What did unit 316 last sell for?
AED 617,226 on 9 November 2020, sold by the developer: AED 600 per sqft for 1,029 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 51,750 a year on the contract renewed on 5 September 2022. The previous contract, from September 2021, was AED 45,000; the unit has been rented since September 2018.
How big is unit 316?
1,029 sqft (95.6 sqm): a one-bedroom apartment on the 3rd floor of a 15-storey tower completed in 2017.
What is unit 316 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Safeer Tower 2 sold for AED 950,000 to 1,200,000 in the last 12 months, around AED 1,095 per sqft.
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Mortgage on 316, Safeer Tower 2
Starts from the last sale price (AED 617K, 9 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 617,226
- Deposit, UAE resident (20%)
- AED 123,445
- Deposit, non-resident (40%)
- AED 246,890
- Monthly over 25 years at 3.7%
- AED 2,525
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →