616, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in March 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Safeer Tower 1
What is 616 worth today?
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Source: Dubai Land Department. Updated 1 November 2021.
Key facts
- Type
- Studio apartment
- Size
- 427 sqft
- Floor
- 6th of 15
- Parking
- B1 - 043
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 713K · March 2015
- Building
- Safeer Tower 1
About 616, Safeer Tower 1
616 is a studio of 427 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 4 March 2015 for AED 712,524, or AED 1,670 per sqft, in line with the AED 1,695 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 30,000 a year: a gross yield of 4.2% on the 2015 price, before the service charge of about AED 8,300 a year.
Sales and rents for 616 over time
616 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 616 sits
All 81 studios →616 last sold in March 2015 at AED 1,670 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 1,695). 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. 616'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 6th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | 80,000 /yr | |
| 602 | Studio | 427 sqft | AED 720KAED 720,000 · Jul 2025July 2025 | 65,000 /yr | |
| 603 | Studio | 445 sqft | AED 740KAED 740,000 · Dec 2025December 2025 | 54,000 /yr | |
| 604 | Studio | 429 sqft | AED 738KAED 738,266 · Apr 2015April 2015 | ||
| 605 | 1,011 sqft | AED 1.08MAED 1,080,000 · Nov 2025November 2025 | 46,000 /yr | ||
| 606 | Studio | 457 sqft | AED 823KAED 823,483 · Aug 2017August 2017 | 57,000 /yr | |
| 607 | Studio | 462 sqft | AED 825KAED 825,040 · Aug 2017August 2017 | 66,000 /yr | |
| 608 | Studio | 455 sqft | AED 740KAED 740,000 · May 2017May 2017 | 55,000 /yr | |
| 609 | Studio | 476 sqft | AED 827KAED 827,459 · Aug 2017August 2017 | 50,000 /yr | |
| 610 | Studio | 457 sqft | AED 791KAED 790,557 · Aug 2017August 2017 | 60,000 /yr | |
| 611 | Studio | 462 sqft | AED 791KAED 790,557 · Aug 2017August 2017 | 55,000 /yr | |
| 612 | Studio | 457 sqft | AED 402KAED 402,477 · Mar 2022March 2022 | 84,000 /yr | |
| 613 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 87,000 /yr | |
| 614 | Studio | 429 sqft | AED 525KAED 525,444 · Jul 2018July 2018 | 49,500 /yr | |
| 615 | Studio | 445 sqft | AED 396KAED 395,502 · Mar 2022March 2022 | 72,000 /yr | |
| 617 | 1-bed | 961 sqft | AED 940KAED 940,000 · Jan 2025January 2025 | 84,000 /yr |
616, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 4 March 2015 for AED 712,524, or AED 1,670 per sqft.
- Rented since November 2018 on 3 Ejari contracts, from AED 46,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2015 price is 4.2%, before a service charge of about AED 8,300 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 November 2021.
Questions about 616, Safeer Tower 1
What did unit 616 last sell for?
AED 712,524 on 4 March 2015, sold by the developer: AED 1,670 per sqft for 427 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 30,000 a year on the contract renewed on 1 November 2021. The previous contract, from November 2019, was AED 40,000; the unit has been rented since November 2018.
How big is unit 616?
427 sqft (39.7 sqm): a studio on the 6th floor of a 15-storey tower completed in 2017.
What is unit 616 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 616, Safeer Tower 1
Starts from the last sale price (AED 713K, 4 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 712,524
- Deposit, UAE resident (20%)
- AED 142,505
- Deposit, non-resident (40%)
- AED 285,010
- Monthly over 25 years at 3.7%
- AED 2,915
Plus AED 34,936 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →