104, Safeer Tower 1
Sold prices and rental history: sold twice, last in March 2018, 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 104, Safeer Tower 1
What is 104 worth today?
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Source: Dubai Land Department. Updated 5 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 430 sqft
- Floor
- 1st of 15
- Parking
- B2 - 019
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,400 /yr
- Last sold
- AED 560K · March 2018
- Building
- Safeer Tower 1
About 104, Safeer Tower 1
104 is a studio of 430 sqft on the 1st floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 4 March 2018 for AED 560,000, or AED 1,303 per sqft, 22% below the AED 1,668 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 5 August 2024, is AED 48,000 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 8,400 a year.
Sales and rents for 104 over time
104 has sold twice; 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 1, and where 104 sits
All 86 studios →104 last sold in March 2018 at AED 1,303 per sqft, 22% below what studios in Safeer Tower 1 were fetching at the time (AED 1,668). Over the last 12 months studios sold for AED 600,000 to 740,000, around AED 1,438 per sqft, and rent for AED 44,000 to 84,000 a year. 104's AED 48,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202623 June 2026 | 457 sqft | 640,000 | 1,399 | ||
| 2 Apr 20262 April 2026 | 455 sqft | 600,000 | 1,319 | ||
| 30 Mar 202630 March 2026 | 457 sqft | 665,000 | 1,454 | ||
| 9 Jan 20269 January 2026 | 445 sqft | 655,000 | 1,471 |
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 1st floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 959 sqft | AED 1.38MAED 1,379,447 · Aug 2017August 2017 | 60,829 /yr | |
| 102 | Studio | 427 sqft | AED 664KAED 664,004 · Aug 2017August 2017 | 60,000 /yr | |
| 103 | Studio | 445 sqft | AED 692KAED 692,306 · Aug 2017August 2017 | 54,000 /yr | |
| 105 | Studio | 601 sqft | AED 925KAED 925,000 · Aug 2017August 2017 | 15,000 /yr | |
| 106 | Studio | 601 sqft | AED 360KAED 360,378 · Nov 2020November 2020 | 81,000 /yr | |
| 107 | Studio | 430 sqft | AED 714KAED 714,048 · Aug 2017August 2017 | 52,030 /yr | |
| 108 | Studio | 445 sqft | AED 671KAED 670,536 · Aug 2017August 2017 | 48,000 /yr | |
| 109 | Studio | 426 sqft | AED 711KAED 710,821 · Aug 2017August 2017 | 54,000 /yr | |
| 110 | 1-bed | 960 sqft | AED 1.35MAED 1,347,696 · Aug 2017August 2017 | 47,000 /yr |
104, Safeer Tower 1 in numbers
- Sold twice: first on 6 August 2017 for AED 737,231, last on 4 March 2018 for AED 560,000 (AED 1,303 per sqft).
- Rented since July 2017 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 28,000 in 2020 and recovered to AED 48,000 by August 2024.
- At AED 48,000 a year the gross yield on the 2018 price is 8.6%, before a service charge of about AED 8,400 a year (AED 19.53 per sqft).
- Studios in Safeer Tower 1 sold for AED 600,000–740,000 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 5 August 2024.
Questions about 104, Safeer Tower 1
What did unit 104 last sell for?
AED 560,000 on 4 March 2018: AED 1,303 per sqft for 430 sqft. The unit has 2 registered sales; the first was AED 737,231 in August 2017.
What is the rent for unit 104?
AED 48,000 a year on the contract signed on 5 August 2024. The previous contract, from June 2023, was AED 44,000; the unit has been rented since July 2017.
How big is unit 104?
430 sqft (39.9 sqm): a studio on the 1st floor of a 15-storey tower completed in 2017.
What is unit 104 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 1 sold for AED 600,000 to 740,000 in the last 12 months, around AED 1,438 per sqft.
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Mortgage on 104, Safeer Tower 1
Starts from the last sale price (AED 560K, 4 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →