1201, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in May 2018, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, Safeer Tower 2
What is 1201 worth today?
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Source: Dubai Land Department. Updated 21 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,467 sqft
- Floor
- 12th of 15
- Parking
- B2-78 B1-027
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 24,700 /yr
- Last sold
- AED 1.66M · May 2018
- Building
- Safeer Tower 2
About 1201, Safeer Tower 2
1201 is a two-bedroom apartment of 1,467 sqft on the 12th 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 May 2018 for AED 1,655,000, or AED 1,128 per sqft, 3% above the AED 1,090 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 21 May 2023. The current contract, signed on 21 May 2023, is AED 115,000 a year: a gross yield of 7.0% on the 2018 price, before the service charge of about AED 24,700 a year.
Sales and rents for 1201 over time
1201 has sold once; 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 1201 sits
All 20 2-beds →1201 last sold in May 2018 at AED 1,128 per sqft, 3% above what two-beds in Safeer Tower 2 were fetching at the time (AED 1,090). 1201's AED 115,000 is at the top 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 | ||
| 28 May 202428 May 2024 | 1,467 sqft | 1,500,000 | 1,022 | ||
| 9 Jan 20239 January 2023 | 1,467 sqft | 1,150,000 | 784 | ||
| 17 Nov 202217 November 2022 | 1,618 sqft | 990,000 | 611 |
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 12th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | 1-bed | 936 sqft | AED 920KAED 920,000 · Dec 2024December 2024 | 60,500 /yr | |
| 1203 | 1-bed | 915 sqft | AED 1.39MAED 1,391,200 · Aug 2015August 2015 | 80,000 /yr | |
| 1204 | 2-bed | 1,618 sqft | AED 1.62MAED 1,615,000 · Mar 2025March 2025 | 87,000 /yr | |
| 1205 | 2-bed | 1,467 sqft | AED 880KAED 880,146 · Mar 2021March 2021 | 75,000 /yr | |
| 1206 | 1-bed | 935 sqft | AED 561KAED 560,712 · Mar 2021March 2021 | 60,000 /yr | |
| 1207 | 1-bed | 915 sqft | AED 1.36MAED 1,356,420 · Jul 2015July 2015 | 65,000 /yr | |
| 1208 | 2-bed | 1,617 sqft | AED 970KAED 970,044 · Mar 2021March 2021 | 65,000 /yr |
1201, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 9 May 2018 for AED 1,655,000, or AED 1,128 per sqft.
- Rented since May 2023 on one Ejari contract, at AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2018 price is 7.0%, before a service charge of about AED 24,700 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 21 May 2023.
Questions about 1201, Safeer Tower 2
What did unit 1201 last sell for?
AED 1,655,000 on 9 May 2018, sold by the developer: AED 1,128 per sqft for 1,467 sqft. It is the only registered sale of the unit.
What is the rent for unit 1201?
AED 115,000 a year on the contract signed on 21 May 2023.
How big is unit 1201?
1,467 sqft (136.3 sqm): a two-bedroom apartment on the 12th floor of a 15-storey tower completed in 2017.
What is unit 1201 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 1201, Safeer Tower 2
Starts from the last sale price (AED 1.66M, 9 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,655,000
- Deposit, UAE resident (20%)
- AED 331,000
- Deposit, non-resident (40%)
- AED 662,000
- Monthly over 25 years at 3.7%
- AED 6,771
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →