−23% Safa Two by De Grisogono
Studio
About the building
87-storey residential building in Al Safa. Developer — Damac Properties. Architect — Dar Al Handasah Consultants.
What the building has
- Swimming pool
Where it is
The pin is placed by project — accurate to the development, not the door.
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP16-550761
How much is this studio in Safa Two by De Grisogono?
Lot NP16-550761 is priced at AED 920 000, about $251 000. The size is 477 sq ft (44 m²), which works out at AED 1 929 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 1 200 000; it is now AED 920 000 — AED 280 000 less, or 23%.
Is this expensive or cheap for Business Bay?
The database holds 320 lots in Business Bay. The area median is AED 3 026 per sq ft; this lot, at AED 1 929, is 36% below it. 113 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 184 000; a loan of AED 736 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 800–4 300 a month. A non-resident puts down from 40% (AED 368 000) and pays about AED 2 800–3 200 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 36 800 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 080 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Safa Two by De Grisogono?
The building has 87 floors. The developer is Damac. Figures are from the project passport: Propsearch and the Dubai Land Department.
Safa Two by De Grisogono project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP16-550761 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Safa Two by De Grisogono
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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