514, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in June 2017, 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 514, Safeer Tower 1
What is 514 worth today?
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Source: Dubai Land Department. Updated 15 October 2021.
Key facts
- Type
- Studio apartment
- Size
- 429 sqft
- Floor
- 5th of 15
- Parking
- B1 - 008
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,400 /yr
- Last sold
- AED 799K · June 2017
- Building
- Safeer Tower 1
About 514, Safeer Tower 1
514 is a studio of 429 sqft on the 5th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 13 June 2017 for AED 798,813, or AED 1,860 per sqft, 12% above the AED 1,668 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 15 October 2021, is AED 30,000 a year: a gross yield of 3.8% on the 2017 price, before the service charge of about AED 8,400 a year.
Sales and rents for 514 over time
514 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 1, and where 514 sits
All 81 studios →514 last sold in June 2017 at AED 1,860 per sqft, 12% above what studios in Safeer Tower 1 were fetching at the time (AED 1,668). 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. 514'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 5th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 961 sqft | AED 1.04MAED 1,035,000 · Nov 2024November 2024 | 78,000 /yr | |
| 502 | Studio | 427 sqft | AED 665KAED 665,000 · May 2024May 2024 | 50,000 /yr | |
| 503 | Studio | 445 sqft | AED 640KAED 640,000 · Dec 2025December 2025 | 35,000 /yr | |
| 504 | 429 sqft | AED 660KAED 660,000 · Sep 2025September 2025 | 60,000 /yr | ||
| 505 | 1-bed | 1,011 sqft | AED 607KAED 606,762 · Nov 2020November 2020 | 126,000 /yr | |
| 506 | Studio | 457 sqft | AED 650KAED 650,000 · Jun 2024June 2024 | 46,000 /yr | |
| 507 | Studio | 462 sqft | AED 510KAED 510,000 · Jul 2023July 2023 | 70,000 /yr | |
| 508 | Studio | 455 sqft | AED 765KAED 765,000 · Aug 2016August 2016 | 58,000 /yr | |
| 509 | Studio | 476 sqft | AED 791KAED 791,010 · Jun 2017June 2017 | 48,000 /yr | |
| 510 | 457 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 63,000 /yr | ||
| 511 | 462 sqft | AED 655KAED 655,000 · Nov 2025November 2025 | 60,000 /yr | ||
| 512 | Studio | 457 sqft | AED 765KAED 765,000 · Aug 2017August 2017 | 44,879 /yr | |
| 513 | 1-bed | 1,011 sqft | AED 720KAED 720,000 · May 2023May 2023 | 44,000 /yr | |
| 515 | Studio | 445 sqft | AED 441KAED 440,600 · Aug 2023August 2023 | 33,000 /yr | |
| 516 | Studio | 427 sqft | AED 495KAED 495,300 · Nov 2019November 2019 | 55,000 /yr | |
| 517 | 1-bed | 961 sqft | AED 1.35MAED 1,347,696 · Aug 2017August 2017 | 80,000 /yr |
514, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 13 June 2017 for AED 798,813, or AED 1,860 per sqft.
- Rented since August 2017 on 4 Ejari contracts, from AED 52,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2017 price is 3.8%, 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 15 October 2021.
Questions about 514, Safeer Tower 1
What did unit 514 last sell for?
AED 798,813 on 13 June 2017, sold by the developer: AED 1,860 per sqft for 429 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 30,000 a year on the contract signed on 15 October 2021. The previous contract, from September 2020, was AED 31,000; the unit has been rented since August 2017.
How big is unit 514?
429 sqft (39.9 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 514 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 514, Safeer Tower 1
Starts from the last sale price (AED 799K, 13 June 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 798,813
- Deposit, UAE resident (20%)
- AED 159,763
- Deposit, non-resident (40%)
- AED 319,525
- Monthly over 25 years at 3.7%
- AED 3,268
Plus AED 38,561 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →