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Studio · 480 sqftSafeer Tower 2, Business Bay · 6th floor · completed 2017

605, Safeer Tower 2

Sold prices and rental history: sold twice, last in May 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 10 May 2022
Last soldAED 500K10 May 2022
Current rentAED 40K /yr9 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 605, Safeer Tower 2

What is 605 worth today?

Last sold for AED 500,000 in 2022

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10 May 2022SoldReady
AED 500,000AED 1,042 per sqft
9 Sep 2019RentedNew contract
AED 40,000/yr12 months · AED 83 per sqft
25 Aug 2018RentedNew contract
AED 47,000/yr12 months · AED 97 per sqft
18 Feb 2016Sold by developerOff-plan
AED 861,060AED 1,795 per sqft

Source: Dubai Land Department. Updated 10 May 2022.

Key facts

Type
Studio apartment
Size
480 sqft
Floor
6th of 15
Parking
B2-96
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 8,100 /yr
Last sold
AED 500K · May 2022
Building
Safeer Tower 2

About 605, Safeer Tower 2

605 is a studio of 480 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 10 May 2022 for AED 500,000, or AED 1,042 per sqft.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 9 September 2019, is AED 40,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 8,100 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical studio in Safeer Tower 2
600K800K20152018202120242027Typical sale price by year: 2015 AED 852,327; 2016 AED 861,060; 2017 AED 801,660; 2018 AED 580,605; 2022 AED 480,000; 2023 AED 510,000; 2024 AED 642,500; 2025 AED 670,000; 2026 AED 662,700Sold by developer, February 2016: AED 861,060 (AED 1,795 per sqft)Sold, May 2022: AED 500,000 (AED 1,042 per sqft)

605 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 605, each contractTypical studio in Safeer Tower 2
40K2018202120242027Typical rent by year: 2018 AED 48,000; 2019 AED 44,500; 2020 AED 35,000; 2021 AED 30,000; 2022 AED 36,000; 2023 AED 43,700; 2024 AED 49,500; 2025 AED 53,000; 2026 AED 50,505New contract, August 2018: AED 47,000 a yearNew contract, September 2019: AED 40,000 a year

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 605 sits

All 102 studios →

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. 605's AED 40,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Sep 2026700,000
3 Jul 2026660,000
11 Jun 2026662,700
5 Jun 2026615,000
13 studio sales in the last 12 months

Safeer Tower 2

Building

178 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%
Safeer Tower 2, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 178 units in Safeer Tower 2
Value
6011-bedAED 900K · May 2025
602StudioAED 866K · Mar 2016
603StudioAED 550K · Jun 2023
604StudioAED 576K · Oct 2018
606StudioAED 571K · Oct 2018
607StudioAED 872K · Mar 2016
6081-bedAED 1.2M · May 2026
1–7 of 15

605, Safeer Tower 2 in numbers

  • Sold twice: first on 18 February 2016 for AED 861,060, last on 10 May 2022 for AED 500,000 (AED 1,042 per sqft).
  • Rented since August 2018 on 2 Ejari contracts, from AED 47,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 8.0%, 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 10 May 2022.

Questions about 605, Safeer Tower 2

What did unit 605 last sell for?

AED 500,000 on 10 May 2022: 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 605?

AED 40,000 a year on the contract signed on 9 September 2019. The previous contract, from August 2018, was AED 47,000.

How big is unit 605?

480 sqft (44.6 sqm): a studio on the 6th floor of a 15-storey tower completed in 2017.

What is unit 605 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 605, Safeer Tower 2

Starts from the last sale price (AED 500K, 10 May 2022). 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 →