1006, Safeer Tower 1
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, Safeer Tower 1
What is 1006 worth today?
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Source: Dubai Land Department. Updated 22 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,501 sqft
- Floor
- 10th of 15
- Parking
- B2 - 078
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 29,300 /yr
- Last sold
- AED 1.5M · April 2024
- Building
- Safeer Tower 1
About 1006, Safeer Tower 1
1006 is a two-bedroom apartment of 1,501 sqft on the 10th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 22 April 2024 for AED 1,500,000, or AED 999 per sqft, 19% above the AED 840 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 10 September 2020, is AED 60,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 29,300 a year.
Sales and rents for 1006 over time
1006 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Safeer Tower 1, and where 1006 sits
All 28 2-beds →1006 last sold in April 2024 at AED 999 per sqft, 19% above what two-beds in Safeer Tower 1 were fetching at the time (AED 840). Over the last 12 months two-beds sold for AED 1,600,000 to 1,650,000, around AED 1,055 per sqft, and rent for AED 91,400 to 180,000 a year. 1006's AED 60,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 1,580 sqft | 1,650,000 | 1,044 | ||
| 25 Feb 202625 February 2026 | 1,501 sqft | 1,600,000 | 1,066 | ||
| 11 Aug 202511 August 2025 | 1,501 sqft | 1,500,000 | 999 | ||
| 11 Jul 202511 July 2025 | 1,583 sqft | 1,460,000 | 922 |
Safeer Tower 1
Building170 apartments, studios to 2-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,359 Up 16.6%
- Typical sale
- AED 703K
- Typical rent
- AED 64K /yr
- Typical yield
- 8.3%
Other units on the 10th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 961 sqft | AED 1.39MAED 1,392,899 · Aug 2017August 2017 | 73,500 /yr | |
| 1002 | 1-bed | 857 sqft | AED 1.28MAED 1,282,553 · Aug 2017August 2017 | 51,600 /yr | |
| 1003 | 2-bed | 1,501 sqft | AED 1.94MAED 1,942,618 · Aug 2017August 2017 | 128,000 /yr | |
| 1004 | 2-bed | 1,580 sqft | AED 2.17MAED 2,171,741 · Apr 2015April 2015 | 120,000 /yr | |
| 1005 | 2-bed | 1,583 sqft | AED 1.02MAED 1,020,000 · Feb 2021February 2021 | 120,000 /yr | |
| 1007 | 1-bed | 852 sqft | AED 1.24MAED 1,240,502 · Apr 2015April 2015 | ||
| 1008 | 1-bed | 960 sqft | AED 672KAED 672,021 · Mar 2022March 2022 | 93,000 /yr |
1006, Safeer Tower 1 in numbers
- Sold twice: first on 26 August 2017 for AED 2,061,134, last on 22 April 2024 for AED 1,500,000 (AED 999 per sqft).
- Rented since October 2017 on 4 Ejari contracts, from AED 105,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 29,300 a year (AED 19.53 per sqft).
- Two-beds in Safeer Tower 1 sold for AED 1,600,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,359 per sqft.
Source: Dubai Land Department. Updated 22 April 2024.
Questions about 1006, Safeer Tower 1
What did unit 1006 last sell for?
AED 1,500,000 on 22 April 2024: AED 999 per sqft for 1,501 sqft. The unit has 2 registered sales; the first was AED 2,061,134 in August 2017.
What is the rent for unit 1006?
AED 60,000 a year on the contract signed on 10 September 2020. The previous contract, from November 2019, was AED 80,000; the unit has been rented since October 2017.
How big is unit 1006?
1,501 sqft (139.4 sqm): a two-bedroom apartment on the 10th floor of a 15-storey tower completed in 2017.
What is unit 1006 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safeer Tower 1 sold for AED 1,600,000 to 1,650,000 in the last 12 months, around AED 1,055 per sqft.
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Mortgage on 1006, Safeer Tower 1
Starts from the last sale price (AED 1.5M, 22 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →