1204, Safeer Tower 1
Sold prices and rental history: sold 3 times, last in July 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1204, Safeer Tower 1
What is 1204 worth today?
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Source: Dubai Land Department. Updated 5 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,580 sqft
- Floor
- 12th of 15
- Parking
- B1 - 068
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 30,900 /yr
- Last sold
- AED 1.73M · July 2024
- Building
- Safeer Tower 1
About 1204, Safeer Tower 1
1204 is a two-bedroom apartment of 1,580 sqft on the 12th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 5 July 2024 for AED 1,730,000, or AED 1,094 per sqft, 24% above the AED 879 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 September 2023, is AED 96,923 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 30,900 a year.
Sales and rents for 1204 over time
1204 has sold 3 times; 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 1204 sits
All 28 2-beds →1204 last sold in July 2024 at AED 1,094 per sqft, 24% above what two-beds in Safeer Tower 1 were fetching at the time (AED 879). 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. 1204's AED 96,923 is in the lower half 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 12th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 961 sqft | AED 940KAED 940,000 · Oct 2024October 2024 | 90,000 /yr | |
| 1202 | 1-bed | 857 sqft | AED 910KAED 910,000 · Sep 2023September 2023 | 80,000 /yr | |
| 1203 | 2-bed | 1,501 sqft | AED 1.58MAED 1,575,000 · Mar 2025March 2025 | 85,082 /yr | |
| 1205 | 2-bed | 1,583 sqft | AED 2.17MAED 2,171,741 · Aug 2017August 2017 | 91,400 /yr | |
| 1206 | 2-bed | 1,501 sqft | AED 1.6MAED 1,600,000 · May 2025May 2025 | 110,000 /yr | |
| 1207 | 1-bed | 852 sqft | AED 950KAED 950,000 · May 2024May 2024 | 50,000 /yr | |
| 1208 | 1-bed | 960 sqft | AED 1.05MAED 1,050,000 · Apr 2018April 2018 | 75,000 /yr |
1204, Safeer Tower 1 in numbers
- Sold 3 times: first on 26 August 2017 for AED 2,150,024, last on 5 July 2024 for AED 1,730,000 (AED 1,094 per sqft).
- Rented since September 2019 on 3 Ejari contracts. The rent fell from AED 78,000 to AED 63,000 in 2021 and recovered to AED 96,923 by September 2023.
- At AED 96,923 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 30,900 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 5 July 2024.
Questions about 1204, Safeer Tower 1
What did unit 1204 last sell for?
AED 1,730,000 on 5 July 2024: AED 1,094 per sqft for 1,580 sqft. The unit has 3 registered sales; the first was AED 2,150,024 in August 2017.
What is the rent for unit 1204?
AED 96,923 a year on the contract signed on 15 September 2023. The previous contract, from March 2021, was AED 63,000; the unit has been rented since September 2019.
How big is unit 1204?
1,580 sqft (146.8 sqm): a two-bedroom apartment on the 12th floor of a 15-storey tower completed in 2017.
What is unit 1204 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 1204, Safeer Tower 1
Starts from the last sale price (AED 1.73M, 5 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,730,000
- Deposit, UAE resident (20%)
- AED 346,000
- Deposit, non-resident (40%)
- AED 692,000
- Monthly over 25 years at 3.7%
- AED 7,078
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →