506, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in February 2016, and rented once, from January 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Safeer Tower 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 17 January 2019.
Key facts
- Type
- Studio apartment
- Size
- 466 sqft
- Floor
- 5th of 15
- Parking
- B2-28
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,900 /yr
- Last sold
- AED 835K · February 2016
- Building
- Safeer Tower 2
About 506, Safeer Tower 2
506 is a studio of 466 sqft on the 5th 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 18 February 2016 for AED 835,377, or AED 1,794 per sqft, in line with the AED 1,794 studios in the building were fetching at the time.
One Ejari contract is registered, from 17 January 2019. The current contract, signed on 17 January 2019, is AED 45,000 a year: a gross yield of 5.4% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 506 over time
506 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 506 sits
All 89 studios →506 last sold in February 2016 at AED 1,794 per sqft, in line with what studios in Safeer Tower 2 were fetching at the time (AED 1,794). 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. 506's AED 45,000 is at the bottom 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 | |
| 505 | Studio | 480 sqft | AED 500KAED 500,000 · Sep 2023September 2023 | 52,000 /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 |
506, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 18 February 2016 for AED 835,377, or AED 1,794 per sqft.
- Rented since January 2019 on one Ejari contract, at AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2016 price is 5.4%, before a service charge of about AED 7,900 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 17 January 2019.
Questions about 506, Safeer Tower 2
What did unit 506 last sell for?
AED 835,377 on 18 February 2016, sold by the developer: AED 1,794 per sqft for 466 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 45,000 a year on the contract signed on 17 January 2019.
How big is unit 506?
466 sqft (43.3 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 506 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 506, Safeer Tower 2
Starts from the last sale price (AED 835K, 18 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 835,377
- Deposit, UAE resident (20%)
- AED 167,075
- Deposit, non-resident (40%)
- AED 334,151
- Monthly over 25 years at 3.7%
- AED 3,418
Plus AED 40,096 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →