204, Safeer Tower 1
Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 204, Safeer Tower 1
What is 204 worth today?
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Source: Dubai Land Department. Updated 6 December 2023.
Key facts
- Type
- Studio apartment
- Size
- 429 sqft
- Floor
- 2nd of 15
- Parking
- B2 - 011
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,400 /yr
- Last sold
- AED 570K · December 2023
- Building
- Safeer Tower 1
About 204, Safeer Tower 1
204 is a studio of 429 sqft on the 2nd floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 6 December 2023 for AED 570,000, or AED 1,327 per sqft, 20% above the AED 1,104 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 10 October 2021, is AED 30,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 8,400 a year.
Sales and rents for 204 over time
204 has sold twice; 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 1, and where 204 sits
All 81 studios →204 last sold in December 2023 at AED 1,327 per sqft, 20% above what studios in Safeer Tower 1 were fetching at the time (AED 1,104). Over the last 12 months studios sold for AED 640,000 to 740,000, around AED 1,455 per sqft, and rent for AED 46,659 to 70,072 a year. 204's AED 30,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jan 20269 January 2026 | 445 sqft | 655,000 | 1,471 | ||
| 25 Dec 202525 December 2025 | 445 sqft | 640,000 | 1,438 | ||
| 18 Dec 202518 December 2025 | 445 sqft | 740,000 | 1,662 | ||
| 23 Jul 202523 July 2025 | 427 sqft | 720,000 | 1,687 |
Safeer Tower 1
Building170 apartments, studios to 2-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,438
- Typical sale
- AED 655K
- Typical rent
- AED 65K /yr
- Typical yield
- 7.6%
Other units on the 2nd floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 961 sqft | AED 900KAED 900,000 · May 2023May 2023 | 48,000 /yr | |
| 202 | Studio | 332 sqft | AED 558KAED 558,000 · Jan 2024January 2024 | 53,000 /yr | |
| 203 | Studio | 445 sqft | AED 655KAED 655,000 · Jan 2026January 2026 | 52,000 /yr | |
| 205 | 1-bed | 1,011 sqft | AED 1.3MAED 1,300,000 · Aug 2017August 2017 | ||
| 206 | Studio | 457 sqft | AED 650KAED 650,000 · Jun 2024June 2024 | 30,000 /yr | |
| 207 | Studio | 462 sqft | AED 747KAED 747,233 · Jun 2017June 2017 | 65,000 /yr | |
| 208 | Studio | 455 sqft | AED 808KAED 807,570 · Aug 2017August 2017 | 50,000 /yr | |
| 209 | Studio | 476 sqft | AED 660KAED 660,000 · May 2025May 2025 | 55,000 /yr | |
| 210 | Studio | 457 sqft | AED 750KAED 749,670 · Aug 2017August 2017 | 52,000 /yr | |
| 211 | Studio | 462 sqft | AED 748KAED 747,840 · Jun 2017June 2017 | 50,000 /yr | |
| 212 | Studio | 457 sqft | AED 680KAED 680,000 · Dec 2024December 2024 | 65,000 /yr | |
| 213 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 90,000 /yr | |
| 214 | Studio | 429 sqft | AED 760KAED 760,414 · Aug 2016August 2016 | 47,000 /yr | |
| 215 | Studio | 445 sqft | AED 425KAED 425,000 · Jan 2020January 2020 | 60,000 /yr | |
| 216 | Studio | 427 sqft | AED 430KAED 430,000 · Sep 2021September 2021 | 55,000 /yr | |
| 217 | 1-bed | 961 sqft | AED 963KAED 963,000 · May 2025May 2025 | 75,000 /yr |
204, Safeer Tower 1 in numbers
- Sold twice: first on 12 April 2015 for AED 702,125, last on 6 December 2023 for AED 570,000 (AED 1,327 per sqft).
- Rented since August 2017 on 5 Ejari contracts, from AED 52,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 8,400 a year (AED 19.53 per sqft).
- Studios in Safeer Tower 1 sold for AED 640,000–740,000 in the 12 months to November 2026; the building's median across all types is AED 1,438 per sqft.
Source: Dubai Land Department. Updated 6 December 2023.
Questions about 204, Safeer Tower 1
What did unit 204 last sell for?
AED 570,000 on 6 December 2023: AED 1,327 per sqft for 429 sqft. The unit has 2 registered sales; the first was AED 702,125 in April 2015.
What is the rent for unit 204?
AED 30,000 a year on the contract signed on 10 October 2021. The previous contract, from August 2020, was AED 34,000; the unit has been rented since August 2017.
How big is unit 204?
429 sqft (39.9 sqm): a studio on the 2nd floor of a 15-storey tower completed in 2017.
What is unit 204 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 1 sold for AED 640,000 to 740,000 in the last 12 months, around AED 1,455 per sqft.
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Mortgage on 204, Safeer Tower 1
Starts from the last sale price (AED 570K, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 570,000
- Deposit, UAE resident (20%)
- AED 114,000
- Deposit, non-resident (40%)
- AED 228,000
- Monthly over 25 years at 3.7%
- AED 2,332
Plus AED 28,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →