406, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in June 2015, 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 406, Safeer Tower 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 10 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 457 sqft
- Floor
- 4th of 15
- Parking
- B2 - 036
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,900 /yr
- Last sold
- AED 785K · June 2015
- Building
- Safeer Tower 1
About 406, Safeer Tower 1
406 is a studio of 457 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 16 June 2015 for AED 784,605, or AED 1,715 per sqft, in line with the AED 1,682 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 10 November 2025, is AED 55,000 a year: a gross yield of 7.0% on the 2015 price, before the service charge of about AED 8,900 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safeer Tower 1, and where 406 sits
All 86 studios →406 last sold in June 2015 at AED 1,715 per sqft, in line with what studios in Safeer Tower 1 were fetching at the time (AED 1,682). Over the last 12 months studios sold for AED 600,000 to 740,000, around AED 1,438 per sqft, and rent for AED 44,000 to 84,000 a year. 406's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202623 June 2026 | 457 sqft | 640,000 | 1,399 | ||
| 2 Apr 20262 April 2026 | 455 sqft | 600,000 | 1,319 | ||
| 30 Mar 202630 March 2026 | 457 sqft | 665,000 | 1,454 | ||
| 9 Jan 20269 January 2026 | 445 sqft | 655,000 | 1,471 |
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 | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | 54,000 /yr | |
| 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 | |
| 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 |
406, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 16 June 2015 for AED 784,605, or AED 1,715 per sqft.
- Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 44,000 to AED 31,000 in 2020 and recovered to AED 55,000 by November 2025.
- At AED 55,000 a year the gross yield on the 2015 price is 7.0%, before a service charge of about AED 8,900 a year (AED 19.53 per sqft).
- Studios in Safeer Tower 1 sold for AED 600,000–740,000 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 10 November 2025.
Questions about 406, Safeer Tower 1
What did unit 406 last sell for?
AED 784,605 on 16 June 2015, sold by the developer: AED 1,715 per sqft for 457 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 55,000 a year on the contract signed on 10 November 2025. The previous contract, from November 2023, was AED 50,000; the unit has been rented since November 2018.
How big is unit 406?
457 sqft (42.5 sqm): a studio on the 4th floor of a 15-storey tower completed in 2017.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 1 sold for AED 600,000 to 740,000 in the last 12 months, around AED 1,438 per sqft.
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Mortgage on 406, Safeer Tower 1
Starts from the last sale price (AED 785K, 16 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 784,605
- Deposit, UAE resident (20%)
- AED 156,921
- Deposit, non-resident (40%)
- AED 313,842
- Monthly over 25 years at 3.7%
- AED 3,210
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →