Unit 505, Safeer Tower 2: what it sold for and what it is worth now

Unit 505 at Safeer Tower 2 is a studio of 480 sq ft. It last sold for AED 500,000 on 28 Sep 2023. At AED 1,457 per sq ft, from 16 sales in the building in the last 12 months (studio), it is worth about AED 699,000 today.

Value todayAED 699,000AED 664,000 to AED 745,000
Last saleAED 500,00028 Sep 2023 · Resale
Change since last sale+39.8%Building trend alone: AED 638,881
Rent (median asking, studio)AED 54,500Gross yield 7.8%
Bedroomsstudio
Size480 sq ft
Floor5 (from the unit number)
Position in the towerStack 05: units ending 05 share the same layout and view
BuildingSafeer Tower 2 by Al Seeb Real Estate Development, handed over 2017
Registered sales of this unit1

Every registered sale of unit 505

DatePriceSizeAED/sq ftType
28 Sep 2023AED 500,000480 sq ft1,042Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60510 May 2022AED 500,000480 sq ft1,042Resale
12058 Mar 2021AED 880,1461,467 sq ft600Resale
13054 Mar 2021AED 880,1461,467 sq ft600Resale

Latest studio sales in Safeer Tower 2

UnitDatePriceSizeAED/sq ftType
2141 Sep 2026AED 700,000471 sq ft1,486Resale
7033 Jul 2026AED 660,000483 sq ft1,366Resale
70211 Jun 2026AED 662,700483 sq ft1,372Resale
3155 Jun 2026AED 615,000484 sq ft1,271Resale
7048 Jan 2026AED 675,000480 sq ft1,406Resale
41219 Nov 2025AED 685,000480 sq ft1,427Resale
81118 Nov 2025AED 750,000483 sq ft1,553Resale
81318 Nov 2025AED 750,000480 sq ft1,563Resale

How we worked out the value

We took the 16 sales in Safeer Tower 2 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,457). We multiplied it by the size of this unit (480 sq ft). The range uses the middle half of those sales (AED 1,383 to AED 1,553 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 638,881. Floor, view, condition and upgrades can move the price either way. Sales data to 1 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 505 at Safeer Tower 2 worth?

About AED 699,000 (range AED 664,000 to AED 745,000), based on AED 1,457 per sq ft from registered sales up to 1 Sep 2026.

When did unit 505 last sell?

28 Sep 2023, for AED 500,000 (resale). It has 1 registered sale.

What rent can unit 505 make?

A studio in Safeer Tower 2 rents for about AED 54,500 a year (median asking rent). That is a gross yield of 7.8% on the estimate.

Sales alert for Safeer Tower 2All sales in Safeer Tower 2

Unit 504 · Unit 507