2-bed · 1,482 sqftSafeer Tower 1, Business Bay · 14th floor · completed 2017

1403, Safeer Tower 1

Sold prices and rental history: sold once, by the developer in June 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 30 June 2015
Last soldAED 1.94M30 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, Safeer Tower 1

What is 1403 worth today?

Last sold for AED 1,942,618 in 2015

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30 Jun 2015Sold by developerOff-plan
AED 1,942,618AED 1,310 per sqft

Source: Dubai Land Department. Updated 30 June 2015.

Key facts

Type
2-bed apartment
Size
1,482 sqft
Floor
14th of 15
Parking
B1 - 082
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 28,900 /yr
Last sold
AED 1.94M · June 2015

About 1403, Safeer Tower 1

1403 is a two-bedroom apartment of 1,482 sqft on the 14th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 30 June 2015 for AED 1,942,618, or AED 1,310 per sqft, 6% below the AED 1,390 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical two-bed in Safeer Tower 1
1.5M2M2015201820212024Typical sale price by year: 2015 AED 2,061,134; 2017 AED 2,061,134; 2023 AED 1,220,000; 2024 AED 1,500,000; 2025 AED 1,500,000Sold by developer, June 2015: AED 1,942,618 (AED 1,310 per sqft)

1403 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1403, each contractTypical two-bed in Safeer Tower 1
75K100K2017202020232026Typical rent by year: 2017 AED 105,000; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 67,000; 2022 AED 75,000; 2023 AED 89,250; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 115,000

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 1403 sits

All 28 2-beds →

1403 last sold in June 2015 at AED 1,310 per sqft, 6% below what two-beds in Safeer Tower 1 were fetching at the time (AED 1,390). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20261,650,000
25 Feb 20261,600,000
11 Aug 20251,500,000
11 Jul 20251,460,000
2 2-bed sales in the last 12 months

Safeer Tower 1

Building

170 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%
Safeer Tower 1, Business Bay: prices, sales and rents →

Other units on the 14th floor

All 170 units in Safeer Tower 1
Value
14011-bedAED 900K · Sep 2024
14021-bedAED 1.28M · Aug 2017
14042-bedAED 948K · Nov 2020
14052-bedAED 1.2M · Oct 2023
14062-bedAED 1.24M · Jun 2023
14071-bedAED 1.24M · Aug 2017
14081-bedAED 1.35M · Aug 2017

1403, Safeer Tower 1 in numbers

  • Sold once: by Alseeb Real Estate Development on 30 June 2015 for AED 1,942,618, or AED 1,310 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 30 June 2015.

Questions about 1403, Safeer Tower 1

What did unit 1403 last sell for?

AED 1,942,618 on 30 June 2015, sold by the developer: AED 1,310 per sqft for 1,482 sqft. It is the only registered sale of the unit.

How big is unit 1403?

1,482 sqft (137.7 sqm): a two-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.

What is unit 1403 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 1403, Safeer Tower 1

Starts from the last sale price (AED 1.94M, 30 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,942,618
Deposit, UAE resident (20%)
AED 388,524
Deposit, non-resident (40%)
AED 777,047
Monthly over 25 years at 3.7%
AED 7,948

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →