1408, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Safeer Tower 1
What is 1408 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 14th of 15
- Parking
- B1 - 070
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,700 /yr
- Last sold
- AED 1.35M · August 2017
- Building
- Safeer Tower 1
About 1408, Safeer Tower 1
1408 is a one-bedroom apartment of 960 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 26 August 2017 for AED 1,347,230, or AED 1,403 per sqft, 3% below the AED 1,450 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 October 2026, is AED 75,000 a year: a gross yield of 5.6% on the 2017 price, before the service charge of about AED 18,700 a year.
Sales and rents for 1408 over time
1408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Safeer Tower 1, and where 1408 sits
All 54 1-beds →1408 last sold in August 2017 at AED 1,403 per sqft, 3% below what one-beds in Safeer Tower 1 were fetching at the time (AED 1,450). Over the last 12 months one-beds sold for AED 1,050,000 to 1,177,292, around AED 1,225 per sqft, and rent for AED 69,878 to 93,000 a year. 1408's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 857 sqft | 1,050,000 | 1,225 | ||
| 9 Mar 20269 March 2026 | 960 sqft | 1,177,292 | 1,226 | ||
| 27 Nov 202527 November 2025 | 1,011 sqft | 1,080,000 | 1,067 | ||
| 16 May 202516 May 2025 | 961 sqft | 963,000 | 1,002 |
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 | |
| 1406 | 2-bed | 1,501 sqft | AED 1.24MAED 1,240,000 · Jun 2023June 2023 | 73,484 /yr | |
| 1407 | 1-bed | 852 sqft | AED 1.24MAED 1,240,502 · Aug 2017August 2017 | 75,000 /yr |
1408, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 26 August 2017 for AED 1,347,230, or AED 1,403 per sqft.
- Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 33,880 in 2023 and recovered to AED 75,000 by October 2026.
- At AED 75,000 a year the gross yield on the 2017 price is 5.6%, before a service charge of about AED 18,700 a year (AED 19.53 per sqft).
- One-beds in Safeer Tower 1 sold for AED 1,050,000–1,177,292 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 1 October 2026.
Questions about 1408, Safeer Tower 1
What did unit 1408 last sell for?
AED 1,347,230 on 26 August 2017, sold by the developer: AED 1,403 per sqft for 960 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 75,000 a year on the contract signed on 1 October 2026. The previous contract, from November 2025, was AED 75,000; the unit has been rented since May 2018.
How big is unit 1408?
960 sqft (89.2 sqm): a one-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Safeer Tower 1 sold for AED 1,050,000 to 1,177,292 in the last 12 months, around AED 1,225 per sqft.
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Mortgage on 1408, Safeer Tower 1
Starts from the last sale price (AED 1.35M, 26 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,347,230
- Deposit, UAE resident (20%)
- AED 269,446
- Deposit, non-resident (40%)
- AED 538,892
- Monthly over 25 years at 3.7%
- AED 5,512
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →