706, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in May 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Safeer Tower 2
What is 706 worth today?
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Source: Dubai Land Department. Updated 1 October 2021.
Key facts
- Type
- Studio apartment
- Size
- 466 sqft
- Floor
- 7th of 15
- Parking
- B1-44
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,900 /yr
- Last sold
- AED 767K · May 2016
- Building
- Safeer Tower 2
About 706, Safeer Tower 2
706 is a studio of 466 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 25 May 2016 for AED 767,095, or AED 1,647 per sqft, 8% below the AED 1,794 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 October 2021, is AED 30,000 a year: a gross yield of 3.9% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 706 over time
706 has sold once; 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 706 sits
All 102 studios →706 last sold in May 2016 at AED 1,647 per sqft, 8% below what studios in Safeer Tower 2 were fetching at the time (AED 1,794). 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. 706'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 7th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 878 sqft | AED 917KAED 916,608 · Mar 2018March 2018 | 55,000 /yr | |
| 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 | |
| 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 |
706, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 25 May 2016 for AED 767,095, or AED 1,647 per sqft.
- Rented since August 2018 on 3 Ejari contracts, from AED 48,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2016 price is 3.9%, before a service charge of about AED 7,900 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 1 October 2021.
Questions about 706, Safeer Tower 2
What did unit 706 last sell for?
AED 767,095 on 25 May 2016, sold by the developer: AED 1,647 per sqft for 466 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 30,000 a year on the contract signed on 1 October 2021. The previous contract, from October 2019, was AED 42,000; the unit has been rented since August 2018.
How big is unit 706?
466 sqft (43.3 sqm): a studio on the 7th floor of a 15-storey tower completed in 2017.
What is unit 706 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 706, Safeer Tower 2
Starts from the last sale price (AED 767K, 25 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 767,095
- Deposit, UAE resident (20%)
- AED 153,419
- Deposit, non-resident (40%)
- AED 306,838
- Monthly over 25 years at 3.7%
- AED 3,138
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →