417, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in April 2015, 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 417, Safeer Tower 1
What is 417 worth today?
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Source: Dubai Land Department. Updated 30 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 934 sqft
- Floor
- 4th of 15
- Parking
- B2 - 053
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,200 /yr
- Last sold
- AED 1.35M · April 2015
- Building
- Safeer Tower 1
About 417, Safeer Tower 1
417 is a one-bedroom apartment of 934 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 27 April 2015 for AED 1,347,696, or AED 1,443 per sqft, in line with the AED 1,413 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 30 May 2023, is AED 55,200 a year: a gross yield of 4.1% on the 2015 price, before the service charge of about AED 18,200 a year.
Sales and rents for 417 over time
417 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 417 sits
All 54 1-beds →417 last sold in April 2015 at AED 1,443 per sqft, in line with what one-beds in Safeer Tower 1 were fetching at the time (AED 1,413). 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. 417's AED 55,200 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 27 April 2015 for AED 1,347,696, or AED 1,443 per sqft.
- Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 71,000 to AED 43,000 in 2021 and recovered to AED 55,200 by May 2023.
- At AED 55,200 a year the gross yield on the 2015 price is 4.1%, before a service charge of about AED 18,200 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 30 May 2023.
Questions about 417, Safeer Tower 1
What did unit 417 last sell for?
AED 1,347,696 on 27 April 2015, sold by the developer: AED 1,443 per sqft for 934 sqft. It is the only registered sale of the unit.
What is the rent for unit 417?
AED 55,200 a year on the contract renewed on 30 May 2023. The previous contract, from May 2022, was AED 48,000; the unit has been rented since October 2017.
How big is unit 417?
934 sqft (86.8 sqm): a one-bedroom apartment on the 4th floor of a 15-storey tower completed in 2017.
What is unit 417 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 417, Safeer Tower 1
Starts from the last sale price (AED 1.35M, 27 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,347,696
- Deposit, UAE resident (20%)
- AED 269,539
- Deposit, non-resident (40%)
- AED 539,078
- Monthly over 25 years at 3.7%
- AED 5,514
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →