515, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in February 2019, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Safeer Tower 2
What is 515 worth today?
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Source: Dubai Land Department. Updated 15 January 2023.
Key facts
- Type
- Studio apartment
- Size
- 491 sqft
- Floor
- 5th of 15
- Parking
- B2-35
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 597K · February 2019
- Building
- Safeer Tower 2
About 515, Safeer Tower 2
515 is a studio of 491 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 19 February 2019 for AED 597,148, or AED 1,214 per sqft, in line with the AED 1,199 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 15 January 2023, is AED 24,933 a year: a gross yield of 4.2% on the 2019 price, before the service charge of about AED 8,300 a year.
Sales and rents for 515 over time
515 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 515 sits
All 89 studios →515 last sold in February 2019 at AED 1,214 per sqft, in line with 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. 515's AED 24,933 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 | |
| 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 | |
| 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 |
515, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 19 February 2019 for AED 597,148, or AED 1,214 per sqft.
- Rented since September 2018 on 3 Ejari contracts, from AED 50,000 to AED 24,933 a year.
- At AED 24,933 a year the gross yield on the 2019 price is 4.2%, before a service charge of about AED 8,300 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 15 January 2023.
Questions about 515, Safeer Tower 2
What did unit 515 last sell for?
AED 597,148 on 19 February 2019, sold by the developer: AED 1,214 per sqft for 491 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 24,933 a year on the contract signed on 15 January 2023. The previous contract, from September 2019, was AED 50,000; the unit has been rented since September 2018.
How big is unit 515?
491 sqft (45.6 sqm): a studio on the 5th floor of a 15-storey tower completed in 2017.
What is unit 515 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 515, Safeer Tower 2
Starts from the last sale price (AED 597K, 19 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 597,148
- Deposit, UAE resident (20%)
- AED 119,430
- Deposit, non-resident (40%)
- AED 238,859
- Monthly over 25 years at 3.7%
- AED 2,443
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →