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1-bed · 1,029 sqftSafeer Tower 2, Business Bay · 8th floor · completed 2017

816, Safeer Tower 2

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 816 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 617K10 November 2020
Current rentAED 45K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 816, Safeer Tower 2

What is 816 worth today?

Last sold for AED 617,226 in 2020

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1 Aug 2021RentedNew contract
AED 45,000/yr12 months · AED 44 per sqft
10 Nov 2020Sold by developerReady
AED 617,226AED 600 per sqft
23 May 2020RentedRenewal
AED 55,000/yr12 months · AED 53 per sqft
23 May 2019RentedRenewal
AED 75,000/yr12 months · AED 73 per sqft
23 May 2018RentedNew contract
AED 75,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
1-bed apartment
Size
1,029 sqft
Floor
8th of 15
Parking
B1-91
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 17,400 /yr
Last sold
AED 617K · November 2020
Building
Safeer Tower 2

About 816, Safeer Tower 2

816 is a one-bedroom apartment of 1,029 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 10 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.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 August 2021, is AED 45,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 17,400 a year.

Sales and rents for 816 over time

Sales
Unit 816, each saleTypical one-bed in Safeer Tower 2
500K1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,391,200; 2016 AED 1,391,200; 2017 AED 1,265,793; 2018 AED 971,903; 2020 AED 617,226; 2024 AED 920,000; 2025 AED 1,010,000Sold by developer, November 2020: AED 617,226 (AED 600 per sqft)

816 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 816, each contractTypical one-bed in Safeer Tower 2
40K60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 60,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 52,500; 2023 AED 62,850; 2024 AED 70,000; 2025 AED 66,924; 2026 AED 68,000New contract, May 2018: AED 75,000 a yearRenewal, May 2019: AED 75,000 a yearRenewal, May 2020: AED 55,000 a yearNew contract, August 2021: AED 45,000 a year

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 816 sits

All 54 1-beds →

816 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. 816's AED 45,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 May 20261,200,000
19 Nov 2025950,000
22 Jul 20251,300,000
15 May 2025900,000
2 1-bed 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
806StudioAED 767K · May 2016
807StudioAED 860K · Apr 2017
1–7 of 15

816, Safeer Tower 2 in numbers

  • Sold once: by Alseeb Real Estate Development on 10 November 2020 for AED 617,226, or AED 600 per sqft.
  • Rented since May 2018 on 4 Ejari contracts, from AED 75,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2020 price is 7.3%, 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 1 August 2021.

Questions about 816, Safeer Tower 2

What did unit 816 last sell for?

AED 617,226 on 10 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 816?

AED 45,000 a year on the contract signed on 1 August 2021. The previous contract, from May 2020, was AED 55,000; the unit has been rented since May 2018.

How big is unit 816?

1,029 sqft (95.6 sqm): a one-bedroom apartment on the 8th floor of a 15-storey tower completed in 2017.

What is unit 816 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 816, Safeer Tower 2

Starts from the last sale price (AED 617K, 10 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 →