616, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in November 2020, and rented once, from August 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Safeer Tower 2
What is 616 worth today?
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Source: Dubai Land Department. Updated 8 November 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 1,029 sqft
- Floor
- 6th of 15
- Parking
- B2-72
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 17,400 /yr
- Last sold
- AED 617K · November 2020
- Building
- Safeer Tower 2
About 616, Safeer Tower 2
616 is a one-bedroom apartment of 1,029 sqft on the 6th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 8 November 2020 for AED 617,226, or AED 600 per sqft, in line with the AED 600 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2018. The current contract, signed on 15 August 2018, is AED 65,000 a year: a gross yield of 10.5% on the 2020 price, before the service charge of about AED 17,400 a year.
Sales and rents for 616 over time
616 has sold once; 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 616 sits
All 54 1-beds →616 last sold in November 2020 at AED 600 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 600). 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. 616's AED 65,000 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 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 | |
| 603 | Studio | 483 sqft | AED 550KAED 550,000 · Jun 2023June 2023 | 30,000 /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, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 8 November 2020 for AED 617,226, or AED 600 per sqft.
- Rented since August 2018 on one Ejari contract, at AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2020 price is 10.5%, 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 8 November 2020.
Questions about 616, Safeer Tower 2
What did unit 616 last sell for?
AED 617,226 on 8 November 2020, sold by the developer: AED 600 per sqft for 1,029 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 65,000 a year on the contract signed on 15 August 2018.
How big is unit 616?
1,029 sqft (95.6 sqm): a one-bedroom apartment on the 6th floor of a 15-storey tower completed in 2017.
What is unit 616 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 616, Safeer Tower 2
Starts from the last sale price (AED 617K, 8 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 617,226
- Deposit, UAE resident (20%)
- AED 123,445
- Deposit, non-resident (40%)
- AED 246,890
- Monthly over 25 years at 3.7%
- AED 2,525
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →