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1-bed · 878 sqftSafeer Tower 2, Business Bay · 5th floor · completed 2017

501, Safeer Tower 2

Sold prices and rental history: sold twice, last in July 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 500K22 July 2020
Current rentAED 60K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Safeer Tower 2

What is 501 worth today?

Last sold for AED 500,000 in 2020

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1 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 68 per sqft
22 Jul 2020SoldReady
AED 500,000AED 569 per sqft
15 Jun 2020RentedNew contract
AED 56,000/yr12 months · AED 63 per sqft
16 Jan 2017Sold by developerOff-plan
AED 1,265,793AED 1,441 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
1-bed apartment
Size
878 sqft
Floor
5th of 15
Parking
B2-65
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 500K · July 2020
Building
Safeer Tower 2

About 501, Safeer Tower 2

501 is a one-bedroom apartment of 878 sqft on the 5th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 22 July 2020 for AED 500,000, or AED 569 per sqft.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 September 2022, is AED 60,000 a year: a gross yield of 12.0% on the 2020 price, before the service charge of about AED 14,800 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical one-bed in Safeer Tower 2
500K1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,391,200; 2016 AED 1,391,200; 2017 AED 1,265,793; 2018 AED 971,903; 2020 AED 617,226; 2024 AED 920,000; 2025 AED 1,070,000Sold by developer, January 2017: AED 1,265,793 (AED 1,441 per sqft)Sold, July 2020: AED 500,000 (AED 569 per sqft)

501 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 501, each contractTypical one-bed in Safeer Tower 2
40K60K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 60,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 53,000; 2023 AED 62,700; 2024 AED 71,750; 2025 AED 68,456; 2026 AED 73,750New contract, June 2020: AED 56,000 a yearNew contract, September 2022: AED 60,000 a year

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 2, and where 501 sits

All 52 1-beds →

Over the last 12 months one-beds sold for AED 950,000, around AED 1,023 per sqft, and rent for AED 63,360 to 96,000 a year. 501's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jul 20251,300,000
15 May 2025900,000
21 Apr 20251,070,000
18 Dec 2024920,000
1 1-bed sale in the last 12 months

Safeer Tower 2

Building

178 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%
Safeer Tower 2, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 178 units in Safeer Tower 2
Value
502StudioAED 866K · Feb 2016
503StudioAED 630K · Mar 2024
504StudioAED 500K · Sep 2023
505StudioAED 500K · Sep 2023
506StudioAED 835K · Feb 2016
507StudioAED 500K · Sep 2023
5081-bedAED 1.07M · Apr 2025
1–7 of 15

501, Safeer Tower 2 in numbers

  • Sold twice: first on 16 January 2017 for AED 1,265,793, last on 22 July 2020 for AED 500,000 (AED 569 per sqft).
  • Rented since June 2020 on 2 Ejari contracts, from AED 56,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2020 price is 12.0%, before a service charge of about AED 14,800 a year (AED 16.87 per sqft).
  • One-beds in Safeer Tower 2 sold for AED 950,000–950,000 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 September 2022.

Questions about 501, Safeer Tower 2

What did unit 501 last sell for?

AED 500,000 on 22 July 2020: AED 569 per sqft for 878 sqft. The unit has 2 registered sales; the first was AED 1,265,793 in January 2017.

What is the rent for unit 501?

AED 60,000 a year on the contract signed on 1 September 2022. The previous contract, from June 2020, was AED 56,000.

How big is unit 501?

878 sqft (81.6 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2017.

What is unit 501 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 2 sold for AED 950,000 to 950,000 in the last 12 months, around AED 1,023 per sqft.

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Mortgage on 501, Safeer Tower 2

Starts from the last sale price (AED 500K, 22 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →