401, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2017, 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 401, Safeer Tower 1
What is 401 worth today?
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Source: Dubai Land Department. Updated 1 January 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 961 sqft
- Floor
- 4th of 15
- Parking
- B2 - 056
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,800 /yr
- Last sold
- AED 1.39M · August 2017
- Building
- Safeer Tower 1
About 401, Safeer Tower 1
401 is a one-bedroom apartment of 961 sqft on the 4th 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 9 August 2017 for AED 1,393,381, or AED 1,450 per sqft, in line with the AED 1,420 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 January 2021, is AED 54,000 a year: a gross yield of 3.9% on the 2017 price, before the service charge of about AED 18,800 a year.
Sales and rents for 401 over time
401 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 401 sits
All 54 1-beds →401 last sold in August 2017 at AED 1,450 per sqft, in line with what one-beds in Safeer Tower 1 were fetching at the time (AED 1,420). 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. 401's AED 54,000 is at the bottom 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 4th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | Studio | 427 sqft | AED 699KAED 699,000 · Oct 2025October 2025 | 56,000 /yr | |
| 403 | Studio | 445 sqft | AED 695KAED 695,000 · Jun 2017June 2017 | 62,000 /yr | |
| 404 | Studio | 429 sqft | AED 716KAED 715,758 · Aug 2017August 2017 | 55,000 /yr | |
| 405 | 1-bed | 1,011 sqft | AED 800KAED 800,000 · Jan 2019January 2019 | 72,000 /yr | |
| 406 | Studio | 457 sqft | AED 785KAED 784,605 · Jun 2015June 2015 | 55,000 /yr | |
| 407 | Studio | 457 sqft | AED 762KAED 761,520 · Aug 2016August 2016 | 55,000 /yr | |
| 408 | Studio | 455 sqft | AED 600KAED 600,000 · Apr 2026April 2026 | 50,000 /yr | |
| 409 | Studio | 476 sqft | AED 795KAED 795,000 · Aug 2017August 2017 | ||
| 410 | Studio | 457 sqft | AED 765KAED 765,392 · Jun 2017June 2017 | 55,000 /yr | |
| 411 | Studio | 462 sqft | AED 510KAED 510,000 · Jul 2023July 2023 | 70,000 /yr | |
| 412 | Studio | 457 sqft | AED 761KAED 760,850 · Nov 2016November 2016 | 58,000 /yr | |
| 413 | 1-bed | 1,011 sqft | AED 762KAED 762,000 · Jun 2022June 2022 | 60,000 /yr | |
| 414 | Studio | 429 sqft | AED 701KAED 701,353 · Aug 2017August 2017 | 47,000 /yr | |
| 415 | Studio | 445 sqft | AED 720KAED 719,532 · Jun 2015June 2015 | 56,000 /yr | |
| 416 | Studio | 427 sqft | AED 630KAED 630,000 · Sep 2024September 2024 | 50,000 /yr | |
| 417 | 1-bed | 934 sqft | AED 1.35MAED 1,347,696 · Apr 2015April 2015 | 55,200 /yr |
401, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 9 August 2017 for AED 1,393,381, or AED 1,450 per sqft.
- Rented since June 2017 on 4 Ejari contracts, from AED 80,000 to AED 54,000 a year.
- At AED 54,000 a year the gross yield on the 2017 price is 3.9%, before a service charge of about AED 18,800 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 January 2021.
Questions about 401, Safeer Tower 1
What did unit 401 last sell for?
AED 1,393,381 on 9 August 2017, sold by the developer: AED 1,450 per sqft for 961 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 54,000 a year on the contract renewed on 1 January 2021. The previous contract, from January 2020, was AED 54,000; the unit has been rented since June 2017.
How big is unit 401?
961 sqft (89.3 sqm): a one-bedroom apartment on the 4th floor of a 15-storey tower completed in 2017.
What is unit 401 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 401, Safeer Tower 1
Starts from the last sale price (AED 1.39M, 9 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,393,381
- Deposit, UAE resident (20%)
- AED 278,676
- Deposit, non-resident (40%)
- AED 557,352
- Monthly over 25 years at 3.7%
- AED 5,701
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →