Studio · 462 sqftSafeer Tower 1, Business Bay · 4th floor · completed 2017

411, Safeer Tower 1

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 411 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 510K18 July 2023
Current rentAED 70K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 411, Safeer Tower 1

What is 411 worth today?

Last sold for AED 510,000 in 2023

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1 Sep 2026RentedRenewal
AED 70,000/yr12 months · AED 151 per sqft
1 Sep 2025RentedNew contract
AED 70,000/yr12 months · AED 151 per sqft
6 Jul 2024RentedNew contract
AED 70,000/yr12 months · AED 151 per sqft
18 Jul 2023SoldReady
AED 510,000AED 1,103 per sqft
1 Dec 2020RentedNew contract
AED 26,000/yr12 months · AED 56 per sqft
23 Nov 2016Sold by developerOff-plan
AED 625,000AED 1,369 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
Studio apartment
Size
462 sqft
Floor
4th of 15
Parking
B2 - 031
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 9,000 /yr
Last sold
AED 510K · July 2023

About 411, Safeer Tower 1

411 is a studio of 462 sqft on the 4th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 18 July 2023 for AED 510,000, or AED 1,103 per sqft, 6% above the AED 1,043 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 70,000 a year: a gross yield of 13.7% on the 2023 price, before the service charge of about AED 9,000 a year.

Sales and rents for 411 over time

Sales
Unit 411, each saleTypical studio in Safeer Tower 1
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 734,930; 2016 AED 761,185; 2017 AED 747,840; 2018 AED 550,000; 2020 AED 375,189; 2021 AED 430,000; 2022 AED 421,239; 2023 AED 510,000; 2024 AED 635,000; 2025 AED 660,000; 2026 AED 647,500Sold by developer, November 2016: AED 625,000 (AED 1,369 per sqft)Sold, July 2023: AED 510,000 (AED 1,103 per sqft)

411 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 411, each contractTypical studio in Safeer Tower 1
20K40K60K2017202020232026Typical rent by year: 2017 AED 52,000; 2018 AED 46,000; 2019 AED 40,000; 2020 AED 31,000; 2021 AED 30,000; 2022 AED 37,500; 2023 AED 45,000; 2024 AED 50,820; 2025 AED 55,000; 2026 AED 55,500New contract, December 2020: AED 26,000 a yearNew contract, July 2024: AED 70,000 a yearNew contract, September 2025: AED 70,000 a yearRenewal, September 2026: AED 70,000 a year

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 411 sits

All 86 studios →

411 last sold in July 2023 at AED 1,103 per sqft, 6% above what studios in Safeer Tower 1 were fetching at the time (AED 1,043). 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. 411's AED 70,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Jun 2026640,000
2 Apr 2026600,000
30 Mar 2026665,000
9 Jan 2026655,000
7 studio sales in the last 12 months

Safeer Tower 1

Building

170 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%
Safeer Tower 1, Business Bay: prices, sales and rents →

Other units on the 4th floor

All 170 units in Safeer Tower 1
Value
4011-bedAED 1.39M · Aug 2017
402StudioAED 699K · Oct 2025
403StudioAED 695K · Jun 2017
404StudioAED 716K · Aug 2017
4051-bedAED 800K · Jan 2019
406StudioAED 785K · Jun 2015
407StudioAED 762K · Aug 2016
1–7 of 16

411, Safeer Tower 1 in numbers

  • Sold twice: first on 23 November 2016 for AED 625,000, last on 18 July 2023 for AED 510,000 (AED 1,103 per sqft).
  • Rented since December 2020 on 4 Ejari contracts, from AED 26,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 13.7%, before a service charge of about AED 9,000 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 1 September 2026.

Questions about 411, Safeer Tower 1

What did unit 411 last sell for?

AED 510,000 on 18 July 2023: AED 1,103 per sqft for 462 sqft. The unit has 2 registered sales; the first was AED 625,000 in November 2016.

What is the rent for unit 411?

AED 70,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 70,000; the unit has been rented since December 2020.

How big is unit 411?

462 sqft (42.9 sqm): a studio on the 4th floor of a 15-storey tower completed in 2017.

What is unit 411 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 411, Safeer Tower 1

Starts from the last sale price (AED 510K, 18 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 510,000
Deposit, UAE resident (20%)
AED 102,000
Deposit, non-resident (40%)
AED 204,000
Monthly over 25 years at 3.7%
AED 2,087

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →