505, Safeer Tower 2
Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Safeer Tower 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 31 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 5th of 15
- Parking
- B2-27
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,100 /yr
- Last sold
- AED 500K · September 2023
- Building
- Safeer Tower 2
About 505, Safeer Tower 2
505 is a studio of 480 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 28 September 2023 for AED 500,000, or AED 1,042 per sqft, in line with the AED 1,035 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 31 August 2024, is AED 52,000 a year: a gross yield of 10.4% on the 2023 price, before the service charge of about AED 8,100 a year.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 89 studios →505 last sold in September 2023 at AED 1,042 per sqft, in line with what studios in Safeer Tower 2 were fetching at the time (AED 1,035). 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. 505's AED 52,000 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 5th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 878 sqft | AED 500KAED 500,000 · Jul 2020July 2020 | 60,000 /yr | |
| 502 | Studio | 483 sqft | AED 866KAED 865,502 · Feb 2016February 2016 | 45,000 /yr | |
| 503 | Studio | 483 sqft | AED 630KAED 630,000 · Mar 2024March 2024 | 55,000 /yr | |
| 504 | Studio | 480 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 43,700 /yr | |
| 506 | Studio | 466 sqft | AED 835KAED 835,377 · Feb 2016February 2016 | 45,000 /yr | |
| 507 | Studio | 491 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 60,000 /yr | |
| 508 | 1-bed | 1,029 sqft | AED 1.07MAED 1,070,000 · Apr 2025April 2025 | 75,000 /yr | |
| 509 | 1-bed | 878 sqft | AED 650KAED 650,000 · Jun 2020June 2020 | 85,000 /yr | |
| 510 | Studio | 484 sqft | AED 866KAED 865,502 · Mar 2016March 2016 | 46,000 /yr | |
| 512 | 480 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 50,000 /yr | ||
| 513 | Studio | 480 sqft | AED 620KAED 619,550 · Jul 2018July 2018 | 60,000 /yr | |
| 514 | Studio | 466 sqft | AED 794KAED 793,608 · Jun 2017June 2017 | 50,000 /yr | |
| 515 | Studio | 491 sqft | AED 597KAED 597,148 · Feb 2019February 2019 | 24,933 /yr | |
| 516 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 45,000 /yr | |
| 611 | 483 sqft | AED 750KAED 750,000 · Nov 2025November 2025 | 50,000 /yr |
505, Safeer Tower 2 in numbers
- Sold twice: first on 4 February 2016 for AED 861,060, last on 28 September 2023 for AED 500,000 (AED 1,042 per sqft).
- Rented since September 2020 on 4 Ejari contracts. The rent fell from AED 42,000 to AED 34,000 in 2020 and recovered to AED 52,000 by August 2024.
- At AED 52,000 a year the gross yield on the 2023 price is 10.4%, 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 31 August 2024.
Questions about 505, Safeer Tower 2
What did unit 505 last sell for?
AED 500,000 on 28 September 2023: AED 1,042 per sqft for 480 sqft. The unit has 2 registered sales; the first was AED 861,060 in February 2016.
What is the rent for unit 505?
AED 52,000 a year on the contract signed on 31 August 2024. The previous contract, from February 2023, was AED 39,000; the unit has been rented since September 2020.
How big is unit 505?
480 sqft (44.6 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 505 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 505, Safeer Tower 2
Starts from the last sale price (AED 500K, 28 September 2023). 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 →