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2-bed · 1,618 sqftSafeer Tower 2, Business Bay · 13th floor · completed 2017

1304, Safeer Tower 2

Sold prices and rental history: sold once, by the developer in March 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 26 September 2023
Last soldAED 971K4 March 2021
Current rentAED 132K /yr26 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1304, Safeer Tower 2

What is 1304 worth today?

Last sold for AED 970,626 in 2021

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26 Sep 2023RentedNew contract
AED 132,000/yr12 months · AED 82 per sqft
4 Mar 2021Sold by developerReady
AED 970,626AED 600 per sqft
26 Apr 2020RentedRenewal
AED 65,000/yr12 months · AED 40 per sqft
26 Apr 2019RentedRenewal
AED 85,000/yr12 months · AED 53 per sqft
26 Apr 2018RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 26 September 2023.

Key facts

Type
2-bed apartment
Size
1,618 sqft
Floor
13th of 15
Parking
B1-64
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 27,300 /yr
Last sold
AED 971K · March 2021
Building
Safeer Tower 2

About 1304, Safeer Tower 2

1304 is a two-bedroom apartment of 1,618 sqft on the 13th 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 4 March 2021 for AED 970,626, or AED 600 per sqft, in line with the AED 600 two-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 26 September 2023, is AED 132,000 a year: a gross yield of 13.6% on the 2021 price, before the service charge of about AED 27,300 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, each saleTypical two-bed in Safeer Tower 2
1M2M2015201720192021Typical sale price by year: 2015 AED 2,113,998; 2017 AED 1,600,000; 2021 AED 970,044Sold by developer, March 2021: AED 970,626 (AED 600 per sqft)

1304 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1304, each contractTypical two-bed in Safeer Tower 2
100K20182020202220242026Typical rent by year: 2018 AED 100,000; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 65,000; 2022 AED 80,000; 2023 AED 115,000; 2024 AED 110,000; 2025 AED 96,800New contract, April 2018: AED 90,000 a yearRenewal, April 2019: AED 85,000 a yearRenewal, April 2020: AED 65,000 a yearNew contract, September 2023: AED 132,000 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 2, and where 1304 sits

All 20 2-beds →

1304 last sold in March 2021 at AED 600 per sqft, in line with what two-beds in Safeer Tower 2 were fetching at the time (AED 600). 1304's AED 132,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Mar 20251,615,000
28 May 20241,500,000
9 Jan 20231,150,000
17 Nov 2022990,000
0 2-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 13th floor

All 178 units in Safeer Tower 2
Value
13012-bedAED 880K · Mar 2021
13021-bedAED 1.42M · Feb 2018
13031-bedAED 1.35M · Dec 2017
13052-bedAED 880K · Mar 2021
13061-bedAED 972K · Oct 2018
13071-bedAED 974K · Oct 2018
13082-bedAED 970K · Mar 2021

1304, Safeer Tower 2 in numbers

  • Sold once: by Alseeb Real Estate Development on 4 March 2021 for AED 970,626, or AED 600 per sqft.
  • Rented since April 2018 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 65,000 in 2020 and recovered to AED 132,000 by September 2023.
  • At AED 132,000 a year the gross yield on the 2021 price is 13.6%, before a service charge of about AED 27,300 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 26 September 2023.

Questions about 1304, Safeer Tower 2

What did unit 1304 last sell for?

AED 970,626 on 4 March 2021, sold by the developer: AED 600 per sqft for 1,618 sqft. It is the only registered sale of the unit.

What is the rent for unit 1304?

AED 132,000 a year on the contract signed on 26 September 2023. The previous contract, from April 2020, was AED 65,000; the unit has been rented since April 2018.

How big is unit 1304?

1,618 sqft (150.3 sqm): a two-bedroom apartment on the 13th floor of a 15-storey tower completed in 2017.

What is unit 1304 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 1304, Safeer Tower 2

Starts from the last sale price (AED 971K, 4 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 970,626
Deposit, UAE resident (20%)
AED 194,125
Deposit, non-resident (40%)
AED 388,250
Monthly over 25 years at 3.7%
AED 3,971

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