312, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 312, Safeer Tower 2
What is 312 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 3rd of 15
- Parking
- B2-8
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 540K · October 2019
- Building
- Safeer Tower 2
About 312, Safeer Tower 2
312 is a studio of 480 sqft on the 3rd floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 1 October 2019 for AED 540,000, or AED 1,125 per sqft, 6% below the AED 1,199 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 2023, is AED 47,000 a year: a gross yield of 8.7% on the 2019 price, before the service charge of about AED 8,100 a year.
Sales and rents for 312 over time
312 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 2, and where 312 sits
All 89 studios →312 last sold in October 2019 at AED 1,125 per sqft, 6% below what studios in Safeer Tower 2 were fetching at the time (AED 1,199). Over the last 12 months studios sold for AED 675,000 to 750,000, around AED 1,553 per sqft, and rent for AED 45,540 to 65,000 a year. 312's AED 47,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jan 20268 January 2026 | 480 sqft | 675,000 | 1,407 | ||
| 30 May 202530 May 2025 | 484 sqft | 660,000 | 1,364 | ||
| 4 May 20254 May 2025 | 471 sqft | 670,000 | 1,423 | ||
| 30 Apr 202530 April 2025 | 483 sqft | 660,000 | 1,367 |
Safeer Tower 2
Building178 apartments, studios to 4-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,553 Up 18.2%
- Typical sale
- AED 750K
- Typical rent
- AED 61K /yr
- Typical yield
- 6.5%
Other units on the 3rd floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 878 sqft | AED 527KAED 526,806 · Nov 2020November 2020 | 45,000 /yr | |
| 302 | Studio | 480 sqft | AED 866KAED 865,502 · Aug 2016August 2016 | 48,000 /yr | |
| 303 | Studio | 477 sqft | AED 864KAED 864,150 · Aug 2016August 2016 | 52,500 /yr | |
| 304 | Studio | 480 sqft | AED 590KAED 590,000 · Nov 2023November 2023 | 51,000 /yr | |
| 305 | Studio | 480 sqft | AED 624KAED 623,531 · Oct 2018October 2018 | 52,000 /yr | |
| 306 | Studio | 471 sqft | AED 525KAED 525,000 · Nov 2023November 2023 | 32,000 /yr | |
| 307 | Studio | 485 sqft | AED 872KAED 872,261 · Mar 2018March 2018 | 50,000 /yr | |
| 308 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 40,000 /yr | |
| 309 | 1-bed | 878 sqft | AED 1.3MAED 1,300,000 · Jul 2025July 2025 | 62,000 /yr | |
| 310 | 480 sqft | AED 610KAED 610,000 · Sep 2025September 2025 | 44,000 /yr | ||
| 311 | Studio | 477 sqft | AED 573KAED 572,726 · Sep 2018September 2018 | 37,500 /yr | |
| 313 | Studio | 480 sqft | AED 232KAED 231,500 · Oct 2022October 2022 | 46,000 /yr | |
| 314 | Studio | 471 sqft | AED 670KAED 670,000 · May 2025May 2025 | 52,000 /yr | |
| 315 | Studio | 484 sqft | AED 872KAED 872,261 · Sep 2015September 2015 | 42,000 /yr | |
| 316 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 51,750 /yr |
312, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 1 October 2019 for AED 540,000, or AED 1,125 per sqft.
- Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 48,000 to AED 30,000 in 2020 and recovered to AED 47,000 by August 2023.
- At AED 47,000 a year the gross yield on the 2019 price is 8.7%, before a service charge of about AED 8,100 a year (AED 16.87 per sqft).
- Studios in Safeer Tower 2 sold for AED 675,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,553 per sqft.
Source: Dubai Land Department. Updated 1 August 2023.
Questions about 312, Safeer Tower 2
What did unit 312 last sell for?
AED 540,000 on 1 October 2019, sold by the developer: AED 1,125 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 312?
AED 47,000 a year on the contract signed on 1 August 2023. The previous contract, from June 2022, was AED 38,000; the unit has been rented since September 2018.
How big is unit 312?
480 sqft (44.6 sqm): a studio on the 3rd floor of a 15-storey tower completed in 2017.
What is unit 312 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 2 sold for AED 675,000 to 750,000 in the last 12 months, around AED 1,553 per sqft.
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Mortgage on 312, Safeer Tower 2
Starts from the last sale price (AED 540K, 1 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →