1501, Safeer Tower 1
Sold prices and rental history: sold twice, last in May 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 1501, Safeer Tower 1
What is 1501 worth today?
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Source: Dubai Land Department. Updated 31 July 2025.
Key facts
- Type
- Penthouse apartment
- Size
- 4,933 sqft
- Floor
- 15th of 15
- Parking
- B1 - 083,B1 - 084, B1 - 086
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 96,300 /yr
- Last sold
- AED 3.45M · May 2023
- Building
- Safeer Tower 1
About 1501, Safeer Tower 1
1501 is a penthouse of 4,933 sqft on the 15th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 23 May 2023 for AED 3,450,000, or AED 699 per sqft.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 31 July 2025, is AED 228,900 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 96,300 a year.
Penthouses in Safeer Tower 1, and where 1501 sits
All 2 penthouses →| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Jul 20242 July 2024 | 4,956 sqft | 4,200,000 | 847 |
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 15th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | Penthouse | 4,956 sqft | AED 4.2MAED 4,200,000 · Jul 2024July 2024 | 205,000 /yr |
1501, Safeer Tower 1 in numbers
- Sold twice: first on 4 May 2017 for AED 4,200,000, last on 23 May 2023 for AED 3,450,000 (AED 699 per sqft).
- Rented since October 2017 on 9 Ejari contracts. The rent fell from AED 250,000 to AED 140,000 in 2020 and recovered to AED 228,900 by July 2025.
- At AED 228,900 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 96,300 a year (AED 19.53 per sqft).
Source: Dubai Land Department. Updated 31 July 2025.
Questions about 1501, Safeer Tower 1
What did unit 1501 last sell for?
AED 3,450,000 on 23 May 2023: AED 699 per sqft for 4,933 sqft. The unit has 2 registered sales; the first was AED 4,200,000 in May 2017.
What is the rent for unit 1501?
AED 228,900 a year on the contract renewed on 31 July 2025. The previous contract, from July 2025, was AED 228,900; the unit has been rented since October 2017.
How big is unit 1501?
4,933 sqft (458.3 sqm): a penthouse on the 15th floor of a 15-storey tower completed in 2017.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1501, Safeer Tower 1
Starts from the last sale price (AED 3.45M, 23 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,450,000
- Deposit, UAE resident (20%)
- AED 690,000
- Deposit, non-resident (40%)
- AED 1,380,000
- Monthly over 25 years at 3.7%
- AED 14,115
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →