Studio · 457 sqftSafeer Tower 1, Business Bay · 6th floor · completed 2017

606, Safeer Tower 1

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 1 August 2025
Last soldAED 823K26 August 2017
Current rentAED 57K /yr1 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 606, Safeer Tower 1

What is 606 worth today?

Last sold for AED 823,483 in 2017

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1 Aug 2025RentedNew contract
AED 57,000/yr12 months · AED 125 per sqft
1 Jul 2024RentedNew contract
AED 66,000/yr12 months · AED 144 per sqft
25 Feb 2023RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft
20 Oct 2020RentedNew contract
AED 27,000/yr12 months · AED 60 per sqft
1 Aug 2018RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft
26 Aug 2017Sold by developerReady
AED 823,483AED 1,800 per sqft

Source: Dubai Land Department. Updated 1 August 2025.

Key facts

Type
Studio apartment
Size
457 sqft
Floor
6th of 15
Parking
B1 - 002
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 8,900 /yr
Last sold
AED 823K · August 2017

About 606, Safeer Tower 1

606 is a studio of 457 sqft on the 6th 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 823,483, or AED 1,800 per sqft, 8% above the AED 1,669 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 August 2025, is AED 57,000 a year: a gross yield of 6.9% on the 2017 price, before the service charge of about AED 8,900 a year.

Sales and rents for 606 over time

Sales
Unit 606, each saleTypical studio in Safeer Tower 1
500K750K2015201820212024Typical sale price by year: 2015 AED 736,598; 2016 AED 761,185; 2017 AED 747,840; 2018 AED 550,000; 2020 AED 375,189; 2021 AED 430,000; 2022 AED 421,239; 2023 AED 510,000; 2024 AED 635,000; 2025 AED 690,000Sold by developer, August 2017: AED 823,483 (AED 1,800 per sqft)

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

Rents
Unit 606, each contractTypical studio in Safeer Tower 1
20K40K60K2017202020232026Typical rent by year: 2017 AED 52,000; 2018 AED 46,000; 2019 AED 41,000; 2020 AED 31,500; 2021 AED 30,000; 2022 AED 37,500; 2023 AED 45,000; 2024 AED 51,000; 2025 AED 55,000; 2026 AED 59,000New contract, August 2018: AED 45,000 a yearNew contract, October 2020: AED 27,000 a yearNew contract, February 2023: AED 45,000 a yearNew contract, July 2024: AED 66,000 a yearNew contract, August 2025: AED 57,000 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 1, and where 606 sits

All 81 studios →

606 last sold in August 2017 at AED 1,800 per sqft, 8% above what studios in Safeer Tower 1 were fetching at the time (AED 1,669). 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. 606's AED 57,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Jan 2026655,000
25 Dec 2025640,000
18 Dec 2025740,000
23 Jul 2025720,000
4 studio sales in the last 12 months

Safeer Tower 1

Building

170 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%
Safeer Tower 1, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 170 units in Safeer Tower 1
Value
6011-bedAED 1.39M · Aug 2017
602StudioAED 720K · Jul 2025
603StudioAED 740K · Dec 2025
604StudioAED 738K · Apr 2015
605AED 1.08M · Nov 2025
607StudioAED 825K · Aug 2017
608StudioAED 740K · May 2017
1–7 of 16

606, Safeer Tower 1 in numbers

  • Sold once: by Alseeb Real Estate Development on 26 August 2017 for AED 823,483, or AED 1,800 per sqft.
  • Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 27,000 in 2020 and recovered to AED 57,000 by August 2025.
  • At AED 57,000 a year the gross yield on the 2017 price is 6.9%, before a service charge of about AED 8,900 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 1 August 2025.

Questions about 606, Safeer Tower 1

What did unit 606 last sell for?

AED 823,483 on 26 August 2017, sold by the developer: AED 1,800 per sqft for 457 sqft. It is the only registered sale of the unit.

What is the rent for unit 606?

AED 57,000 a year on the contract signed on 1 August 2025. The previous contract, from July 2024, was AED 66,000; the unit has been rented since August 2018.

How big is unit 606?

457 sqft (42.5 sqm): a studio on the 6th floor of a 15-storey tower completed in 2017.

What is unit 606 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 606, Safeer Tower 1

Starts from the last sale price (AED 823K, 26 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 823,483
Deposit, UAE resident (20%)
AED 164,697
Deposit, non-resident (40%)
AED 329,393
Monthly over 25 years at 3.7%
AED 3,369

Plus AED 39,596 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →