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1-bed · 929 sqftSafeer Tower 2, Business Bay · 1st floor · completed 2017

108, Safeer Tower 2

Sold prices and rental history: sold once, by the developer in November 2020, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 10 January 2021
Last soldAED 558K9 November 2020
Current rentAED 45K /yr10 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 108, Safeer Tower 2

What is 108 worth today?

Last sold for AED 557,676 in 2020

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10 Jan 2021RentedNew contract
AED 45,000/yr12 months · AED 48 per sqft
9 Nov 2020Sold by developerReady
AED 557,676AED 599 per sqft
15 Oct 2019RentedRenewal
AED 68,000/yr12 months · AED 73 per sqft
15 Oct 2018RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 10 January 2021.

Key facts

Type
1-bed apartment
Size
929 sqft
Floor
1st of 15
Parking
B2-94
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 15,700 /yr
Last sold
AED 558K · November 2020
Building
Safeer Tower 2

About 108, Safeer Tower 2

108 is a one-bedroom apartment of 929 sqft on the 1st floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 9 November 2020 for AED 557,676, or AED 599 per sqft, in line with the AED 600 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 10 January 2021, is AED 45,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 15,700 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical one-bed in Safeer Tower 2
500K1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,391,200; 2016 AED 1,391,200; 2017 AED 1,265,793; 2018 AED 971,903; 2020 AED 617,226; 2024 AED 920,000; 2025 AED 1,010,000Sold by developer, November 2020: AED 557,676 (AED 599 per sqft)

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

Rents
Unit 108, each contractTypical one-bed in Safeer Tower 2
60K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 60,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 52,500; 2023 AED 62,850; 2024 AED 70,000; 2025 AED 66,924; 2026 AED 68,000New contract, October 2018: AED 70,000 a yearRenewal, October 2019: AED 68,000 a yearNew contract, January 2021: AED 45,000 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 2, and where 108 sits

All 54 1-beds →

108 last sold in November 2020 at AED 599 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 600). Over the last 12 months one-beds sold for AED 950,000 to 1,200,000, around AED 1,095 per sqft, and rent for AED 57,960 to 96,000 a year. 108's AED 45,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 May 20261,200,000
19 Nov 2025950,000
22 Jul 20251,300,000
15 May 2025900,000
2 1-bed sales in the last 12 months

Safeer Tower 2

Building

178 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%
Safeer Tower 2, Business Bay: prices, sales and rents →

Other units on the 1st floor

All 178 units in Safeer Tower 2
Value
1011-bedAED 1.14M · Mar 2016
102StudioAED 768K · Jun 2015
103StudioAED 500K · Feb 2023
104StudioAED 764K · Aug 2015
105StudioAED 764K · Dec 2015
106StudioAED 650K · Feb 2025
107StudioAED 824K · Jan 2016

108, Safeer Tower 2 in numbers

  • Sold once: by Alseeb Real Estate Development on 9 November 2020 for AED 557,676, or AED 599 per sqft.
  • Rented since October 2018 on 3 Ejari contracts, from AED 70,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 15,700 a year (AED 16.87 per sqft).
  • One-beds in Safeer Tower 2 sold for AED 950,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,486 per sqft.

Source: Dubai Land Department. Updated 10 January 2021.

Questions about 108, Safeer Tower 2

What did unit 108 last sell for?

AED 557,676 on 9 November 2020, sold by the developer: AED 599 per sqft for 929 sqft. It is the only registered sale of the unit.

What is the rent for unit 108?

AED 45,000 a year on the contract signed on 10 January 2021. The previous contract, from October 2019, was AED 68,000; the unit has been rented since October 2018.

How big is unit 108?

929 sqft (86.3 sqm): a one-bedroom apartment on the 1st floor of a 15-storey tower completed in 2017.

What is unit 108 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 2 sold for AED 950,000 to 1,200,000 in the last 12 months, around AED 1,095 per sqft.

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Mortgage on 108, Safeer Tower 2

Starts from the last sale price (AED 558K, 9 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 557,676
Deposit, UAE resident (20%)
AED 111,535
Deposit, non-resident (40%)
AED 223,070
Monthly over 25 years at 3.7%
AED 2,282

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