1406, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in June 2023, 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 1406, Safeer Tower 1
What is 1406 worth today?
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Source: Dubai Land Department. Updated 28 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,501 sqft
- Floor
- 14th of 15
- Parking
- B1-079,B1-060
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 29,300 /yr
- Last sold
- AED 1.24M · June 2023
- Building
- Safeer Tower 1
About 1406, Safeer Tower 1
1406 is a two-bedroom apartment of 1,501 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 8 June 2023 for AED 1,240,000, or AED 826 per sqft, 3% above the AED 799 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 28 October 2023, is AED 73,484 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 29,300 a year.
Sales and rents for 1406 over time
1406 has sold once; 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 1406 sits
All 28 2-beds →1406 last sold in June 2023 at AED 826 per sqft, 3% above what two-beds in Safeer Tower 1 were fetching at the time (AED 799). 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. 1406's AED 73,484 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 14th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 961 sqft | AED 900KAED 900,000 · Sep 2024September 2024 | 57,500 /yr | |
| 1402 | 1-bed | 857 sqft | AED 1.28MAED 1,282,553 · Aug 2017August 2017 | 72,000 /yr | |
| 1403 | 2-bed | 1,482 sqft | AED 1.94MAED 1,942,618 · Jun 2015June 2015 | ||
| 1404 | 2-bed | 1,580 sqft | AED 948KAED 948,276 · Nov 2020November 2020 | 168,000 /yr | |
| 1405 | 2-bed | 1,583 sqft | AED 1.2MAED 1,200,000 · Oct 2023October 2023 | 115,000 /yr | |
| 1407 | 1-bed | 852 sqft | AED 1.24MAED 1,240,502 · Aug 2017August 2017 | 75,000 /yr | |
| 1408 | 1-bed | 960 sqft | AED 1.35MAED 1,347,230 · Aug 2017August 2017 | 75,000 /yr |
1406, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 8 June 2023 for AED 1,240,000, or AED 826 per sqft.
- Rented since May 2017 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2022 and recovered to AED 73,484 by October 2023.
- At AED 73,484 a year the gross yield on the 2023 price is 5.9%, 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 28 October 2023.
Questions about 1406, Safeer Tower 1
What did unit 1406 last sell for?
AED 1,240,000 on 8 June 2023, sold by the developer: AED 826 per sqft for 1,501 sqft. It is the only registered sale of the unit.
What is the rent for unit 1406?
AED 73,484 a year on the contract signed on 28 October 2023. The previous contract, from October 2022, was AED 65,000; the unit has been rented since May 2017.
How big is unit 1406?
1,501 sqft (139.4 sqm): a two-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1406 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 1406, Safeer Tower 1
Starts from the last sale price (AED 1.24M, 8 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,240,000
- Deposit, UAE resident (20%)
- AED 248,000
- Deposit, non-resident (40%)
- AED 496,000
- Monthly over 25 years at 3.7%
- AED 5,073
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →