402, Safeer Tower 2
Sold prices and rental history: sold twice, last in June 2023, 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 402, Safeer Tower 2
What is 402 worth today?
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Source: Dubai Land Department. Updated 12 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 483 sqft
- Floor
- 4th of 15
- Parking
- B2-12
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 520K · June 2023
- Building
- Safeer Tower 2
About 402, Safeer Tower 2
402 is a studio of 483 sqft on the 4th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 12 June 2023 for AED 520,000, or AED 1,077 per sqft, 9% above the AED 989 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 16 March 2023, is AED 38,400 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 8,100 a year.
Sales and rents for 402 over time
402 has sold twice; 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 402 sits
All 102 studios →402 last sold in June 2023 at AED 1,077 per sqft, 9% above what studios in Safeer Tower 2 were fetching at the time (AED 989). 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. 402's AED 38,400 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 4th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 878 sqft | AED 1.27MAED 1,265,793 · Mar 2016March 2016 | 73,000 /yr | |
| 403 | Studio | 483 sqft | AED 591KAED 590,779 · Jul 2018July 2018 | 42,000 /yr | |
| 404 | Studio | 480 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 43,000 /yr | |
| 405 | Studio | 480 sqft | AED 624KAED 623,531 · Oct 2018October 2018 | 50,000 /yr | |
| 406 | Studio | 476 sqft | AED 835KAED 835,377 · Dec 2015December 2015 | 50,400 /yr | |
| 407 | Studio | 486 sqft | AED 872KAED 872,261 · Sep 2015September 2015 | ||
| 408 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 43,000 /yr | |
| 409 | 1-bed | 878 sqft | AED 900KAED 900,000 · Oct 2024October 2024 | 67,000 /yr | |
| 410 | Studio | 484 sqft | AED 844KAED 843,865 · Jul 2015July 2015 | 45,000 /yr | |
| 411 | Studio | 483 sqft | AED 290KAED 289,656 · Nov 2020November 2020 | 36,000 /yr | |
| 412 | Studio | 480 sqft | AED 685KAED 685,000 · Nov 2025November 2025 | 36,000 /yr | |
| 413 | Studio | 480 sqft | AED 675KAED 675,000 · Mar 2025March 2025 | 57,000 /yr | |
| 414 | Studio | 466 sqft | AED 835KAED 835,377 · Mar 2016March 2016 | 55,000 /yr | |
| 415 | Studio | 484 sqft | AED 581KAED 580,605 · Oct 2018October 2018 | 52,877 /yr | |
| 416 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 84,000 /yr |
402, Safeer Tower 2 in numbers
- Sold twice: first on 14 June 2016 for AED 865,502, last on 12 June 2023 for AED 520,000 (AED 1,077 per sqft).
- Rented since January 2018 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 27,000 in 2021 and recovered to AED 38,400 by March 2023.
- At AED 38,400 a year the gross yield on the 2023 price is 7.4%, 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 12 June 2023.
Questions about 402, Safeer Tower 2
What did unit 402 last sell for?
AED 520,000 on 12 June 2023: AED 1,077 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 865,502 in June 2016.
What is the rent for unit 402?
AED 38,400 a year on the contract renewed on 16 March 2023. The previous contract, from March 2022, was AED 32,000; the unit has been rented since January 2018.
How big is unit 402?
483 sqft (44.9 sqm): a studio on the 4th floor of a 15-storey tower completed in 2017.
What is unit 402 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 402, Safeer Tower 2
Starts from the last sale price (AED 520K, 12 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →