1502, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in July 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Safeer Tower 1
What is 1502 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 2 July 2024.
Key facts
- Type
- Penthouse apartment
- Size
- 4,956 sqft
- Floor
- 15th of 15
- Parking
- B1 - 087, B1 - 088, B1 - 089
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 96,800 /yr
- Last sold
- AED 4.2M · July 2024
- Building
- Safeer Tower 1
About 1502, Safeer Tower 1
1502 is a penthouse of 4,956 sqft on the 15th 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 2 July 2024 for AED 4,200,000, or AED 847 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 205,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 96,800 a year.
Penthouses in Safeer Tower 1, and where 1502 sits
All 2 penthouses →| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 May 202323 May 2023 | 4,933 sqft | 3,450,000 | 699 | ||
| 4 May 20174 May 2017 | 4,933 sqft | 4,200,000 | 851 |
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 | |||||
|---|---|---|---|---|---|
| 1501 | Penthouse | 4,933 sqft | AED 3.45MAED 3,450,000 · May 2023May 2023 | 228,900 /yr |
1502, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 2 July 2024 for AED 4,200,000, or AED 847 per sqft.
- Rented since November 2019 on 5 Ejari contracts, from AED 150,404 to AED 205,000 a year.
- At AED 205,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 96,800 a year (AED 19.53 per sqft).
Source: Dubai Land Department. Updated 2 July 2024.
Questions about 1502, Safeer Tower 1
What did unit 1502 last sell for?
AED 4,200,000 on 2 July 2024, sold by the developer: AED 847 per sqft for 4,956 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 205,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 178,500; the unit has been rented since November 2019.
How big is unit 1502?
4,956 sqft (460.4 sqm): a penthouse on the 15th floor of a 15-storey tower completed in 2017.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 1502? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1502, Safeer Tower 1
Starts from the last sale price (AED 4.2M, 2 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,200,000
- Deposit, UAE resident (20%)
- AED 840,000
- Deposit, non-resident (40%)
- AED 1,680,000
- Monthly over 25 years at 3.7%
- AED 17,184
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →