702, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in March 2015, 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 702, Safeer Tower 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 6 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 427 sqft
- Floor
- 7th of 15
- Parking
- B1 - 042
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 735K · March 2015
- Building
- Safeer Tower 1
About 702, Safeer Tower 1
702 is a studio of 427 sqft on the 7th 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 734,930, or AED 1,722 per sqft, in line with the AED 1,695 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 6 September 2025, is AED 58,909 a year: a gross yield of 8.0% on the 2015 price, before the service charge of about AED 8,300 a year.
Sales and rents for 702 over time
702 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 702 sits
All 81 studios →702 last sold in March 2015 at AED 1,722 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. 702's AED 58,909 is in the upper half 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 7th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | ||
| 703 | Studio | 445 sqft | AED 695KAED 695,000 · Jun 2017June 2017 | 63,000 /yr | |
| 704 | Studio | 429 sqft | AED 600KAED 600,000 · Oct 2024October 2024 | 41,400 /yr | |
| 705 | 1-bed | 1,011 sqft | AED 1.1MAED 1,100,000 · Sep 2023September 2023 | 75,000 /yr | |
| 706 | Studio | 457 sqft | AED 440KAED 440,000 · Apr 2022April 2022 | 27,950 /yr | |
| 707 | Studio | 462 sqft | AED 781KAED 780,557 · Aug 2017August 2017 | 55,000 /yr | |
| 708 | Studio | 455 sqft | AED 808KAED 807,953 · Aug 2017August 2017 | 49,000 /yr | |
| 709 | Studio | 476 sqft | AED 827KAED 827,459 · Aug 2017August 2017 | 65,000 /yr | |
| 710 | Studio | 457 sqft | AED 740KAED 740,000 · May 2017May 2017 | 36,000 /yr | |
| 711 | Studio | 462 sqft | AED 635KAED 635,000 · Nov 2024November 2024 | 65,000 /yr | |
| 712 | Studio | 457 sqft | AED 561KAED 560,500 · Aug 2023August 2023 | 72,000 /yr | |
| 713 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 93,000 /yr | |
| 714 | Studio | 429 sqft | AED 734KAED 733,620 · Feb 2017February 2017 | 33,000 /yr | |
| 715 | Studio | 445 sqft | AED 267KAED 266,988 · Nov 2020November 2020 | 30,000 /yr | |
| 716 | Studio | 427 sqft | AED 713KAED 712,524 · Aug 2017August 2017 | 50,000 /yr | |
| 717 | 1-bed | 961 sqft | AED 1.18MAED 1,178,000 · Jul 2024July 2024 | 82,000 /yr |
702, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 4 March 2015 for AED 734,930, or AED 1,722 per sqft.
- Rented since May 2017 on 9 Ejari contracts. The rent fell from AED 52,000 to AED 31,000 in 2020 and recovered to AED 58,909 by September 2025.
- At AED 58,909 a year the gross yield on the 2015 price is 8.0%, 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 6 September 2025.
Questions about 702, Safeer Tower 1
What did unit 702 last sell for?
AED 734,930 on 4 March 2015, sold by the developer: AED 1,722 per sqft for 427 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 58,909 a year on the contract signed on 6 September 2025. The previous contract, from September 2024, was AED 49,500; the unit has been rented since May 2017.
How big is unit 702?
427 sqft (39.7 sqm): a studio on the 7th floor of a 15-storey tower completed in 2017.
What is unit 702 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 702, Safeer Tower 1
Starts from the last sale price (AED 735K, 4 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 734,930
- Deposit, UAE resident (20%)
- AED 146,986
- Deposit, non-resident (40%)
- AED 293,972
- Monthly over 25 years at 3.7%
- AED 3,007
Plus AED 35,877 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →