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2-bed · 396 sqftSafeer Tower 1, Business Bay · 9th floor · completed 2017

905, Safeer Tower 1

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 2 April 2020
Last soldAED 1.81M10 August 2017
Current rentAED 80K /yr2 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 905, Safeer Tower 1

What is 905 worth today?

Last sold for AED 1,807,974 in 2017

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2 Apr 2020RentedRenewal
AED 80,000/yr12 months · AED 51 per sqft
2 Apr 2019RentedRenewal
AED 90,000/yr12 months · AED 57 per sqft
2 Apr 2018RentedNew contract
AED 100,000/yr12 months · AED 63 per sqft
10 Aug 2017Sold by developerReady
AED 1,807,974AED 1,142 per sqft
2 Aug 2017RentedNew contract
AED 108,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 2 April 2020.

Key facts

Type
2-bed apartment
Size
396 sqft
Floor
9th of 15
Parking
B2-088,P-022
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 7,700 /yr
Last sold
AED 1.81M · August 2017
Building
Safeer Tower 1

About 905, Safeer Tower 1

905 is a two-bedroom apartment of 396 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 10 August 2017 for AED 1,807,974, or AED 1,142 per sqft, 14% below the AED 1,327 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 2 April 2020, is AED 80,000 a year: a gross yield of 4.4% on the 2017 price, before the service charge of about AED 7,700 a year.

Sales and rents for 905 over time

Sales
Unit 905, 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, August 2017: AED 1,807,974 (AED 1,142 per sqft)

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

Rents
Unit 905, 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 115,000New contract, August 2017: AED 108,000 a yearNew contract, April 2018: AED 100,000 a yearRenewal, April 2019: AED 90,000 a yearRenewal, April 2020: AED 80,000 a year

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 905 sits

All 28 2-beds →

905 last sold in August 2017 at AED 1,142 per sqft, 14% below what two-beds in Safeer Tower 1 were fetching at the time (AED 1,327). 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. 905's AED 80,000 is at the bottom of that range.

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
9042-bedAED 2.17M · Feb 2016
9062-bedAED 1.08M · Mar 2023
9071-bedAED 1.24M · Aug 2017
9081-bedAED 1.35M · Aug 2017

905, Safeer Tower 1 in numbers

  • Sold once: by Alseeb Real Estate Development on 10 August 2017 for AED 1,807,974, or AED 1,142 per sqft.
  • Rented since August 2017 on 4 Ejari contracts, from AED 108,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2017 price is 4.4%, before a service charge of about AED 7,700 a year (AED 19.53 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 2 April 2020.

Questions about 905, Safeer Tower 1

What did unit 905 last sell for?

AED 1,807,974 on 10 August 2017, sold by the developer: AED 1,142 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 905?

AED 80,000 a year on the contract renewed on 2 April 2020. The previous contract, from April 2019, was AED 90,000; the unit has been rented since August 2017.

How big is unit 905?

396 sqft (36.8 sqm): a two-bedroom apartment on the 9th floor of a 15-storey tower completed in 2017.

What is unit 905 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 905, Safeer Tower 1

Starts from the last sale price (AED 1.81M, 10 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,807,974
Deposit, UAE resident (20%)
AED 361,595
Deposit, non-resident (40%)
AED 723,190
Monthly over 25 years at 3.7%
AED 7,397

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