1203, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Safeer Tower 2
What is 1203 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 12th of 15
- Parking
- B1-71
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 15,400 /yr
- Last sold
- AED 1.39M · August 2015
- Building
- Safeer Tower 2
About 1203, Safeer Tower 2
1203 is a one-bedroom apartment of 915 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 17 August 2015 for AED 1,391,200, or AED 1,520 per sqft, in line with the AED 1,513 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 February 2026, is AED 80,000 a year: a gross yield of 5.8% on the 2015 price, before the service charge of about AED 15,400 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the one-bed median of each year in the building.
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 1203 sits
All 54 1-beds →1203 last sold in August 2015 at AED 1,520 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 1,513). 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. 1203's AED 80,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 May 202611 May 2026 | 1,029 sqft | 1,200,000 | 1,166 | ||
| 19 Nov 202519 November 2025 | 928 sqft | 950,000 | 1,023 | ||
| 22 Jul 202522 July 2025 | 878 sqft | 1,300,000 | 1,480 | ||
| 15 May 202515 May 2025 | 878 sqft | 900,000 | 1,025 |
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 | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,467 sqft | AED 1.66MAED 1,655,000 · May 2018May 2018 | 115,000 /yr | |
| 1202 | 1-bed | 936 sqft | AED 920KAED 920,000 · Dec 2024December 2024 | 60,500 /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 |
1203, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 17 August 2015 for AED 1,391,200, or AED 1,520 per sqft.
- Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 63,823 to AED 45,000 in 2021 and recovered to AED 80,000 by February 2026.
- At AED 80,000 a year the gross yield on the 2015 price is 5.8%, before a service charge of about AED 15,400 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 1 February 2026.
Questions about 1203, Safeer Tower 2
What did unit 1203 last sell for?
AED 1,391,200 on 17 August 2015, sold by the developer: AED 1,520 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 80,000 a year on the contract signed on 1 February 2026. The previous contract, from December 2023, was AED 80,000; the unit has been rented since November 2018.
How big is unit 1203?
915 sqft (85.0 sqm): a one-bedroom apartment on the 12th floor of a 15-storey tower completed in 2017.
What is unit 1203 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 1203, Safeer Tower 2
Starts from the last sale price (AED 1.39M, 17 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,391,200
- Deposit, UAE resident (20%)
- AED 278,240
- Deposit, non-resident (40%)
- AED 556,480
- Monthly over 25 years at 3.7%
- AED 5,692
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →