1001, Safeer Tower 2
Sold prices and rental history: sold twice, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Safeer Tower 2
What is 1001 worth today?
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Source: Dubai Land Department. Updated 28 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,467 sqft
- Floor
- 10th of 15
- Parking
- B2-88
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 24,700 /yr
- Last sold
- AED 1.5M · May 2024
- Building
- Safeer Tower 2
About 1001, Safeer Tower 2
1001 is a two-bedroom apartment of 1,467 sqft on the 10th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 28 May 2024 for AED 1,500,000, or AED 1,022 per sqft.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 95,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 24,700 a year.
Sales and rents for 1001 over time
1001 has sold twice; the dashed line is the two-bed median of each year in the building.
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 2, and where 1001 sits
All 20 2-beds →1001's AED 95,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Mar 202517 March 2025 | 1,618 sqft | 1,615,000 | 998 | ||
| 9 Jan 20239 January 2023 | 1,467 sqft | 1,150,000 | 784 | ||
| 17 Nov 202217 November 2022 | 1,618 sqft | 990,000 | 611 | ||
| 8 Mar 20218 March 2021 | 1,467 sqft | 880,146 | 600 |
Safeer Tower 2
Building178 apartments, studios to 4-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,486 Up 13.1%
- Typical sale
- AED 750K
- Typical rent
- AED 56K /yr
- Typical yield
- 6.7%
Other units on the 10th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 1-bed | 936 sqft | AED 1.42MAED 1,415,905 · Jun 2015June 2015 | 57,960 /yr | |
| 1003 | 1-bed | 927 sqft | AED 1.39MAED 1,391,200 · Jun 2015June 2015 | 63,360 /yr | |
| 1004 | 2-bed | 1,618 sqft | AED 971KAED 970,626 · Nov 2020November 2020 | 161,000 /yr | |
| 1005 | 2-bed | 1,467 sqft | AED 1.69MAED 1,690,000 · Dec 2017December 2017 | ||
| 1006 | 1-bed | 935 sqft | AED 972KAED 971,903 · Oct 2018October 2018 | 68,000 /yr | |
| 1007 | 1-bed | 928 sqft | AED 965KAED 965,186 · Oct 2018October 2018 | 72,000 /yr | |
| 1008 | 2-bed | 1,617 sqft | AED 2.11MAED 2,113,998 · Jul 2015July 2015 | 120,000 /yr |
1001, Safeer Tower 2 in numbers
- Sold twice: first on 9 July 2015 for AED 1,829,999, last on 28 May 2024 for AED 1,500,000 (AED 1,022 per sqft).
- Rented since September 2022 on 2 Ejari contracts, from AED 85,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 24,700 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 28 May 2024.
Questions about 1001, Safeer Tower 2
What did unit 1001 last sell for?
AED 1,500,000 on 28 May 2024: AED 1,022 per sqft for 1,467 sqft. The unit has 2 registered sales; the first was AED 1,829,999 in July 2015.
What is the rent for unit 1001?
AED 95,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 85,000.
How big is unit 1001?
1,467 sqft (136.3 sqm): a two-bedroom apartment on the 10th floor of a 15-storey tower completed in 2017.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1001, Safeer Tower 2
Starts from the last sale price (AED 1.5M, 28 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →