517, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 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 517, Safeer Tower 1
What is 517 worth today?
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Source: Dubai Land Department. Updated 11 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 961 sqft
- Floor
- 5th of 15
- Parking
- B2 - 076
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,800 /yr
- Last sold
- AED 1.35M · August 2017
- Building
- Safeer Tower 1
About 517, Safeer Tower 1
517 is a one-bedroom apartment of 961 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 26 August 2017 for AED 1,347,696, or AED 1,403 per sqft, 3% below the AED 1,450 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 11 February 2026, is AED 80,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 18,800 a year.
Sales and rents for 517 over time
517 has sold once; the dashed line is the one-bed median of each year in the building.
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 1, and where 517 sits
All 53 1-beds →517 last sold in August 2017 at AED 1,403 per sqft, 3% below what one-beds in Safeer Tower 1 were fetching at the time (AED 1,450). Over the last 12 months one-beds sold for AED 1,080,000, around AED 1,067 per sqft, and rent for AED 72,000 to 82,000 a year. 517's AED 80,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 May 202516 May 2025 | 961 sqft | 963,000 | 1,002 | ||
| 17 Feb 202517 February 2025 | 857 sqft | 1,000,000 | 1,166 | ||
| 22 Jan 202522 January 2025 | 961 sqft | 940,000 | 978 | ||
| 19 Dec 202419 December 2024 | 961 sqft | 920,000 | 957 |
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 | |
| 514 | Studio | 429 sqft | AED 799KAED 798,813 · Jun 2017June 2017 | 30,000 /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, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 26 August 2017 for AED 1,347,696, or AED 1,403 per sqft.
- Rented since April 2017 on 8 Ejari contracts. The rent fell from AED 79,000 to AED 5,994 in 2018 and recovered to AED 80,000 by February 2026.
- At AED 80,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 18,800 a year (AED 19.53 per sqft).
- One-beds in Safeer Tower 1 sold for AED 1,080,000–1,080,000 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 11 February 2026.
Questions about 517, Safeer Tower 1
What did unit 517 last sell for?
AED 1,347,696 on 26 August 2017, sold by the developer: AED 1,403 per sqft for 961 sqft. It is the only registered sale of the unit.
What is the rent for unit 517?
AED 80,000 a year on the contract signed on 11 February 2026. The previous contract, from January 2025, was AED 70,000; the unit has been rented since April 2017.
How big is unit 517?
961 sqft (89.3 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2017.
What is unit 517 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 1 sold for AED 1,080,000 to 1,080,000 in the last 12 months, around AED 1,067 per sqft.
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Mortgage on 517, Safeer Tower 1
Starts from the last sale price (AED 1.35M, 26 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,347,696
- Deposit, UAE resident (20%)
- AED 269,539
- Deposit, non-resident (40%)
- AED 539,078
- Monthly over 25 years at 3.7%
- AED 5,514
Plus AED 61,613 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →