701, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in March 2018, 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 701, Safeer Tower 2
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 September 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 878 sqft
- Floor
- 7th of 15
- Parking
- B2-73
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 14,800 /yr
- Last sold
- AED 917K · March 2018
- Building
- Safeer Tower 2
About 701, Safeer Tower 2
701 is a one-bedroom apartment of 878 sqft on the 7th 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 18 March 2018 for AED 916,608, or AED 1,043 per sqft, 12% below the AED 1,184 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 September 2022, is AED 55,000 a year: a gross yield of 6.0% on the 2018 price, before the service charge of about AED 14,800 a year.
Sales and rents for 701 over time
701 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 701 sits
All 54 1-beds →701 last sold in March 2018 at AED 1,043 per sqft, 12% below what one-beds in Safeer Tower 2 were fetching at the time (AED 1,184). 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. 701's AED 55,000 is at the bottom 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 7th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 483 sqft | AED 663KAED 662,700 · Jun 2026June 2026 | 45,000 /yr | |
| 703 | Studio | 483 sqft | AED 660KAED 660,000 · Jul 2026July 2026 | 55,000 /yr | |
| 704 | Studio | 480 sqft | AED 675KAED 675,000 · Jan 2026January 2026 | 55,000 /yr | |
| 705 | Studio | 480 sqft | AED 791KAED 790,678 · May 2016May 2016 | 48,070 /yr | |
| 706 | Studio | 466 sqft | AED 767KAED 767,095 · May 2016May 2016 | 30,000 /yr | |
| 707 | Studio | 491 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | 32,000 /yr | |
| 708 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 54,000 /yr | |
| 709 | 1-bed | 878 sqft | AED 1.04MAED 1,040,000 · Dec 2017December 2017 | 80,000 /yr | |
| 710 | Studio | 484 sqft | AED 581KAED 580,605 · Oct 2018October 2018 | 49,500 /yr | |
| 711 | Studio | 483 sqft | AED 579KAED 579,313 · Oct 2018October 2018 | 52,000 /yr | |
| 712 | Studio | 480 sqft | AED 576KAED 575,567 · Oct 2018October 2018 | 61,000 /yr | |
| 713 | Studio | 480 sqft | AED 576KAED 575,567 · Oct 2018October 2018 | 51,000 /yr | |
| 714 | Studio | 466 sqft | AED 810KAED 809,711 · Jul 2017July 2017 | 58,000 /yr | |
| 715 | Studio | 491 sqft | AED 590KAED 589,776 · Oct 2018October 2018 | 59,000 /yr | |
| 716 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 45,000 /yr |
701, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 18 March 2018 for AED 916,608, or AED 1,043 per sqft.
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 45,000 in 2021 and recovered to AED 55,000 by September 2022.
- At AED 55,000 a year the gross yield on the 2018 price is 6.0%, before a service charge of about AED 14,800 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 1 September 2022.
Questions about 701, Safeer Tower 2
What did unit 701 last sell for?
AED 916,608 on 18 March 2018, sold by the developer: AED 1,043 per sqft for 878 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 55,000 a year on the contract signed on 1 September 2022. The previous contract, from July 2021, was AED 45,000; the unit has been rented since July 2018.
How big is unit 701?
878 sqft (81.6 sqm): a one-bedroom apartment on the 7th floor of a 15-storey tower completed in 2017.
What is unit 701 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 701, Safeer Tower 2
Starts from the last sale price (AED 917K, 18 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 916,608
- Deposit, UAE resident (20%)
- AED 183,322
- Deposit, non-resident (40%)
- AED 366,643
- Monthly over 25 years at 3.7%
- AED 3,750
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →