Studio · 466 sqftSafeer Tower 2, Business Bay · 8th floor · completed 2017

806, Safeer Tower 2

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 806 · DLD and Ejari recordsUpdated 9 August 2024
Last soldAED 767K25 May 2016
Current rentAED 22K /yr9 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 806, Safeer Tower 2

What is 806 worth today?

Last sold for AED 767,095 in 2016

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9 Aug 2024RentedRenewal
AED 22,050/yr24 months · AED 46 per sqft
9 Aug 2023RentedRenewal
AED 39,000/yr12 months · AED 82 per sqft
9 Aug 2022RentedRenewal
AED 36,000/yr12 months · AED 76 per sqft
9 Aug 2021RentedRenewal
AED 32,000/yr12 months · AED 67 per sqft
10 Aug 2020RentedNew contract
AED 32,086/yr12 months · AED 67 per sqft
1 Aug 2019RentedRenewal
AED 46,000/yr12 months · AED 97 per sqft
1 Aug 2018RentedNew contract
AED 48,000/yr12 months · AED 101 per sqft
25 May 2016Sold by developerOff-plan
AED 767,095AED 1,647 per sqft

Source: Dubai Land Department. Updated 9 August 2024.

Key facts

Type
Studio apartment
Size
466 sqft
Floor
8th of 15
Parking
B1-7
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 7,900 /yr
Last sold
AED 767K · May 2016

About 806, Safeer Tower 2

806 is a studio of 466 sqft on the 8th 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 continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 9 August 2024, is AED 22,050 a year: a gross yield of 2.9% on the 2016 price, before the service charge of about AED 7,900 a year.

Sales and rents for 806 over time

Sales
Unit 806, 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, May 2016: AED 767,095 (AED 1,647 per sqft)

806 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 806, each contractTypical studio in Safeer Tower 2
20K40K2018202120242027Typical 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 48,000 a yearRenewal, August 2019: AED 46,000 a yearNew contract, August 2020: AED 32,086 a yearRenewal, August 2021: AED 32,000 a yearRenewal, August 2022: AED 36,000 a yearRenewal, August 2023: AED 39,000 a yearRenewal, August 2024: AED 22,050 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 806 sits

All 102 studios →

806 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. 806's AED 22,050 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 8th floor

All 178 units in Safeer Tower 2
Value
8011-bedAED 1M · Jan 2024
802StudioAED 680K · Sep 2025
803StudioAED 882K · Mar 2018
804StudioAED 882K · Jun 2017
805StudioAED 879K · Mar 2018
807StudioAED 860K · Apr 2017
8081-bedAED 617K · Nov 2020
1–7 of 15

806, 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 7 Ejari contracts, from AED 48,000 to AED 22,050 a year.
  • At AED 22,050 a year the gross yield on the 2016 price is 2.9%, 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 9 August 2024.

Questions about 806, Safeer Tower 2

What did unit 806 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 806?

AED 22,050 a year on the contract renewed on 9 August 2024. The previous contract, from August 2023, was AED 39,000; the unit has been rented since August 2018.

How big is unit 806?

466 sqft (43.3 sqm): a studio on the 8th floor of a 15-storey tower completed in 2017.

What is unit 806 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 806, 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 →