508, Safeer Tower 2
Sold prices and rental history: sold twice, last in April 2025, 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 508, Safeer Tower 2
What is 508 worth today?
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Source: Dubai Land Department. Updated 21 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,029 sqft
- Floor
- 5th of 15
- Parking
- B2-66
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.07M · April 2025
- Building
- Safeer Tower 2
About 508, Safeer Tower 2
508 is a one-bedroom apartment of 1,029 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 21 April 2025 for AED 1,070,000, or AED 1,040 per sqft, in line with the AED 1,024 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 20 October 2023, is AED 75,000 a year: a gross yield of 7.0% on the 2025 price, before the service charge of about AED 17,400 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 54 1-beds →508 last sold in April 2025 at AED 1,040 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 1,024). 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. 508's AED 75,000 is in the lower half 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 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 | |
| 504 | Studio | 480 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 43,700 /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 | |
| 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 |
508, Safeer Tower 2 in numbers
- Sold twice: first on 29 August 2016 for AED 1,450,000, last on 21 April 2025 for AED 1,070,000 (AED 1,040 per sqft).
- Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 72,000 to AED 52,000 in 2020 and recovered to AED 75,000 by October 2023.
- At AED 75,000 a year the gross yield on the 2025 price is 7.0%, 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 21 April 2025.
Questions about 508, Safeer Tower 2
What did unit 508 last sell for?
AED 1,070,000 on 21 April 2025: AED 1,040 per sqft for 1,029 sqft. The unit has 2 registered sales; the first was AED 1,450,000 in August 2016.
What is the rent for unit 508?
AED 75,000 a year on the contract signed on 20 October 2023. The previous contract, from October 2022, was AED 63,000; the unit has been rented since September 2018.
How big is unit 508?
1,029 sqft (95.6 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2017.
What is unit 508 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 508, Safeer Tower 2
Starts from the last sale price (AED 1.07M, 21 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,070,000
- Deposit, UAE resident (20%)
- AED 214,000
- Deposit, non-resident (40%)
- AED 428,000
- Monthly over 25 years at 3.7%
- AED 4,378
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →