603, Safeer Tower 2
Sold prices and rental history: sold twice, last in June 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Safeer Tower 2
What is 603 worth today?
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Source: Dubai Land Department. Updated 22 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 483 sqft
- Floor
- 6th of 15
- Parking
- B2-37
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 550K · June 2023
- Building
- Safeer Tower 2
About 603, Safeer Tower 2
603 is a studio of 483 sqft on the 6th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 22 June 2023 for AED 550,000, or AED 1,139 per sqft, 12% above the AED 1,021 studios in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 August 2021, is AED 30,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 8,100 a year.
Sales and rents for 603 over time
603 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 603 sits
All 102 studios →603 last sold in June 2023 at AED 1,139 per sqft, 12% above what studios in Safeer Tower 2 were fetching at the time (AED 1,021). 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. 603's AED 30,000 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 6th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 878 sqft | AED 900KAED 900,000 · May 2025May 2025 | 40,000 /yr | |
| 602 | Studio | 483 sqft | AED 866KAED 865,502 · Mar 2016March 2016 | 54,000 /yr | |
| 604 | Studio | 480 sqft | AED 576KAED 575,567 · Oct 2018October 2018 | 56,000 /yr | |
| 605 | Studio | 480 sqft | AED 500KAED 500,000 · May 2022May 2022 | 40,000 /yr | |
| 606 | Studio | 476 sqft | AED 571KAED 571,305 · Oct 2018October 2018 | 56,304 /yr | |
| 607 | Studio | 486 sqft | AED 872KAED 872,261 · Mar 2016March 2016 | 42,000 /yr | |
| 608 | 1-bed | 1,029 sqft | AED 1.2MAED 1,200,000 · May 2026May 2026 | 70,090 /yr | |
| 609 | 1-bed | 878 sqft | AED 744KAED 744,186 · Jun 2021June 2021 | 84,000 /yr | |
| 610 | Studio | 484 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 45,000 /yr | |
| 611 | Studio | 483 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 50,000 /yr | |
| 612 | Studio | 480 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 60,000 /yr | |
| 613 | Studio | 480 sqft | AED 818KAED 818,007 · Jul 2017July 2017 | 52,000 /yr | |
| 614 | Studio | 466 sqft | AED 794KAED 793,608 · Jun 2017June 2017 | 54,000 /yr | |
| 615 | Studio | 486 sqft | AED 872KAED 872,261 · Mar 2016March 2016 | 42,000 /yr | |
| 616 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 65,000 /yr |
603, Safeer Tower 2 in numbers
- Sold twice: first on 18 August 2016 for AED 864,150, last on 22 June 2023 for AED 550,000 (AED 1,139 per sqft).
- Rented since February 2019 on 3 Ejari contracts, from AED 51,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2023 price is 5.5%, 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 22 June 2023.
Questions about 603, Safeer Tower 2
What did unit 603 last sell for?
AED 550,000 on 22 June 2023: AED 1,139 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 864,150 in August 2016.
What is the rent for unit 603?
AED 30,000 a year on the contract signed on 15 August 2021. The previous contract, from May 2020, was AED 35,000; the unit has been rented since February 2019.
How big is unit 603?
483 sqft (44.9 sqm): a studio on the 6th floor of a 15-storey tower completed in 2017.
What is unit 603 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 603, Safeer Tower 2
Starts from the last sale price (AED 550K, 22 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →