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1-bed · 1,011 sqftSafeer Tower 1, Business Bay · 4th floor · completed 2017

413, Safeer Tower 1

Sold prices and rental history: sold twice, last in June 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 413 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 762K14 June 2022
Current rentAED 60K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 413, Safeer Tower 1

What is 413 worth today?

Last sold for AED 762,000 in 2022

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1 Nov 2022RentedNew contract
AED 60,000/yr12 months · AED 59 per sqft
14 Jun 2022SoldReady
AED 762,000AED 753 per sqft
1 Sep 2018RentedNew contract
AED 69,806/yr12 months · AED 69 per sqft
20 Dec 2017Sold by developerReady
AED 1,200,000AED 1,186 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
4th of 15
Parking
B2 - 054
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 19,700 /yr
Last sold
AED 762K · June 2022
Building
Safeer Tower 1

About 413, Safeer Tower 1

413 is a one-bedroom apartment of 1,011 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 14 June 2022 for AED 762,000, or AED 753 per sqft.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 November 2022, is AED 60,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 19,700 a year.

Sales and rents for 413 over time

Sales
Unit 413, each saleTypical one-bed in Safeer Tower 1
500K1M2015201820212024Typical sale price by year: 2015 AED 1,319,588; 2017 AED 1,347,230; 2018 AED 1,050,000; 2020 AED 606,696; 2022 AED 725,000; 2023 AED 930,000; 2024 AED 940,000; 2025 AED 981,500Sold by developer, December 2017: AED 1,200,000 (AED 1,186 per sqft)Sold, June 2022: AED 762,000 (AED 753 per sqft)

413 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 413, each contractTypical one-bed in Safeer Tower 1
40K60K80K2017202020232026Typical rent by year: 2017 AED 75,000; 2018 AED 70,000; 2019 AED 65,000; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 52,500; 2023 AED 62,920; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 75,000New contract, September 2018: AED 69,806 a yearNew contract, November 2022: AED 60,000 a year

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 413 sits

All 54 1-beds →

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. 413's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Jul 20261,050,000
9 Mar 20261,177,292
27 Nov 20251,080,000
16 May 2025963,000
3 1-bed 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

413, Safeer Tower 1 in numbers

  • Sold twice: first on 20 December 2017 for AED 1,200,000, last on 14 June 2022 for AED 762,000 (AED 753 per sqft).
  • Rented since September 2018 on 2 Ejari contracts, from AED 69,806 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 19,700 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 November 2022.

Questions about 413, Safeer Tower 1

What did unit 413 last sell for?

AED 762,000 on 14 June 2022: AED 753 per sqft for 1,011 sqft. The unit has 2 registered sales; the first was AED 1,200,000 in December 2017.

What is the rent for unit 413?

AED 60,000 a year on the contract signed on 1 November 2022. The previous contract, from September 2018, was AED 69,806.

How big is unit 413?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the 4th floor of a 15-storey tower completed in 2017.

What is unit 413 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 413, Safeer Tower 1

Starts from the last sale price (AED 762K, 14 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 762,000
Deposit, UAE resident (20%)
AED 152,400
Deposit, non-resident (40%)
AED 304,800
Monthly over 25 years at 3.7%
AED 3,118

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