504, Safeer Tower 2
Sold prices and rental history: sold twice, last in September 2023, and rented once, from October 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, Safeer Tower 2
What is 504 worth today?
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Source: Dubai Land Department. Updated 1 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 5th of 15
- Parking
- B2-26
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 500K · September 2023
- Building
- Safeer Tower 2
About 504, Safeer Tower 2
504 is a studio of 480 sqft on the 5th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 28 September 2023 for AED 500,000, or AED 1,042 per sqft, in line with the AED 1,035 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2023. The current contract, renewed on 1 October 2023, is AED 43,700 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 8,100 a year.
Sales and rents for 504 over time
504 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 504 sits
All 102 studios →504 last sold in September 2023 at AED 1,042 per sqft, in line with what studios in Safeer Tower 2 were fetching at the time (AED 1,035). 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. 504's AED 43,700 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 5th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 878 sqft | AED 500KAED 500,000 · Jul 2020July 2020 | 68,000 /yr | |
| 502 | Studio | 483 sqft | AED 866KAED 865,502 · Feb 2016February 2016 | 40,000 /yr | |
| 503 | Studio | 483 sqft | AED 630KAED 630,000 · Mar 2024March 2024 | 57,000 /yr | |
| 505 | Studio | 480 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 48,000 /yr | |
| 506 | Studio | 466 sqft | AED 835KAED 835,377 · Feb 2016February 2016 | 43,000 /yr | |
| 507 | Studio | 491 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 45,000 /yr | |
| 508 | 1-bed | 1,029 sqft | AED 1.07MAED 1,070,000 · Apr 2025April 2025 | 75,000 /yr | |
| 509 | 1-bed | 878 sqft | AED 650KAED 650,000 · Jun 2020June 2020 | 85,000 /yr | |
| 510 | Studio | 484 sqft | AED 866KAED 865,502 · Mar 2016March 2016 | 46,000 /yr | |
| 511 | Studio | 483 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 47,093 /yr | |
| 512 | Studio | 480 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 50,000 /yr | |
| 513 | Studio | 480 sqft | AED 620KAED 619,550 · Jul 2018July 2018 | 49,999 /yr | |
| 514 | Studio | 466 sqft | AED 794KAED 793,608 · Jun 2017June 2017 | 50,000 /yr | |
| 515 | Studio | 491 sqft | AED 597KAED 597,148 · Feb 2019February 2019 | 45,000 /yr | |
| 516 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 45,000 /yr |
504, Safeer Tower 2 in numbers
- Sold twice: first on 4 February 2016 for AED 861,060, last on 28 September 2023 for AED 500,000 (AED 1,042 per sqft).
- Rented since October 2023 on one Ejari contract, at AED 43,700 a year.
- At AED 43,700 a year the gross yield on the 2023 price is 8.7%, 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 1 October 2023.
Questions about 504, Safeer Tower 2
What did unit 504 last sell for?
AED 500,000 on 28 September 2023: AED 1,042 per sqft for 480 sqft. The unit has 2 registered sales; the first was AED 861,060 in February 2016.
What is the rent for unit 504?
AED 43,700 a year on the contract renewed on 1 October 2023.
How big is unit 504?
480 sqft (44.6 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 504 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 504, Safeer Tower 2
Starts from the last sale price (AED 500K, 28 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →