2-bed · 1,580 sqftSafeer Tower 1, Business Bay · 9th floor · completed 2017

904, Safeer Tower 1

Sold prices and rental history: sold once, by the developer in February 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 4 February 2016
Last soldAED 2.17M4 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 904, Safeer Tower 1

What is 904 worth today?

Last sold for AED 2,171,741 in 2016

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4 Feb 2016Sold by developerOff-plan
AED 2,171,741AED 1,390 per sqft

Source: Dubai Land Department. Updated 4 February 2016.

Key facts

Type
2-bed apartment
Size
1,580 sqft
Floor
9th of 15
Parking
B2 - 061
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 30,900 /yr
Last sold
AED 2.17M · February 2016

About 904, Safeer Tower 1

904 is a two-bedroom apartment of 1,580 sqft on the 9th 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 4 February 2016 for AED 2,171,741, or AED 1,390 per sqft, in line with the AED 1,390 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 904 over time

Sales
Unit 904, each saleTypical two-bed in Safeer Tower 1
1.5M2M2015201820212024Typical sale price by year: 2015 AED 2,061,134; 2017 AED 2,061,134; 2023 AED 1,220,000; 2024 AED 1,500,000; 2025 AED 1,500,000Sold by developer, February 2016: AED 2,171,741 (AED 1,390 per sqft)

904 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 904, each contractTypical two-bed in Safeer Tower 1
75K100K2017202020232026Typical rent by year: 2017 AED 105,000; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 67,000; 2022 AED 75,000; 2023 AED 89,250; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 115,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Safeer Tower 1, and where 904 sits

All 28 2-beds →

904 last sold in February 2016 at AED 1,390 per sqft, in line with what two-beds in Safeer Tower 1 were fetching at the time (AED 1,390). Over the last 12 months two-beds sold for AED 1,600,000 to 1,650,000, around AED 1,055 per sqft, and rent for AED 91,400 to 180,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20261,650,000
25 Feb 20261,600,000
11 Aug 20251,500,000
11 Jul 20251,460,000
2 2-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 9th floor

All 170 units in Safeer Tower 1
Value
9011-bedAED 1.47M · Mar 2015
9021-bedAED 1.05M · Jul 2026
9032-bedAED 1.99M · Aug 2017
9052-bedAED 1.81M · Aug 2017
9062-bedAED 1.08M · Mar 2023
9071-bedAED 1.24M · Aug 2017
9081-bedAED 1.35M · Aug 2017

904, Safeer Tower 1 in numbers

  • Sold once: by Alseeb Real Estate Development on 4 February 2016 for AED 2,171,741, or AED 1,390 per sqft.
  • Two-beds in Safeer Tower 1 sold for AED 1,600,000–1,650,000 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 4 February 2016.

Questions about 904, Safeer Tower 1

What did unit 904 last sell for?

AED 2,171,741 on 4 February 2016, sold by the developer: AED 1,390 per sqft for 1,580 sqft. It is the only registered sale of the unit.

How big is unit 904?

1,580 sqft (146.8 sqm): a two-bedroom apartment on the 9th floor of a 15-storey tower completed in 2017.

What is unit 904 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safeer Tower 1 sold for AED 1,600,000 to 1,650,000 in the last 12 months, around AED 1,055 per sqft.

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Mortgage on 904, Safeer Tower 1

Starts from the last sale price (AED 2.17M, 4 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,171,741
Deposit, UAE resident (20%)
AED 434,348
Deposit, non-resident (40%)
AED 868,696
Monthly over 25 years at 3.7%
AED 8,885

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