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2-bed · 1,617 sqftSafeer Tower 2, Business Bay · 13th floor · completed 2017

1308, Safeer Tower 2

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

Unit 1308 · DLD and Ejari recordsUpdated 3 October 2021
Last soldAED 970K4 March 2021
Current rentAED 65K /yr3 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1308, Safeer Tower 2

What is 1308 worth today?

Last sold for AED 970,044 in 2021

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3 Oct 2021RentedRenewal
AED 65,000/yr12 months · AED 40 per sqft
4 Mar 2021Sold by developerReady
AED 970,044AED 600 per sqft
3 Oct 2020RentedNew contract
AED 62,000/yr12 months · AED 38 per sqft
1 Mar 2018RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 3 October 2021.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
13th of 15
Parking
B1-66
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 27,300 /yr
Last sold
AED 970K · March 2021
Building
Safeer Tower 2

About 1308, Safeer Tower 2

1308 is a two-bedroom apartment of 1,617 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 970,044, 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 since 2018 on 3 Ejari contracts. The current contract, renewed on 3 October 2021, is AED 65,000 a year: a gross yield of 6.7% on the 2021 price, before the service charge of about AED 27,300 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, 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 970,044 (AED 600 per sqft)

1308 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1308, each contractTypical two-bed in Safeer Tower 2
75K100K20182020202220242026Typical 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, March 2018: AED 95,000 a yearNew contract, October 2020: AED 62,000 a yearRenewal, October 2021: AED 65,000 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 1308 sits

All 20 2-beds →

1308 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). 1308's AED 65,000 is at the bottom 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
13042-bedAED 971K · Mar 2021
13052-bedAED 880K · Mar 2021
13061-bedAED 972K · Oct 2018
13071-bedAED 974K · Oct 2018

1308, Safeer Tower 2 in numbers

  • Sold once: by Alseeb Real Estate Development on 4 March 2021 for AED 970,044, or AED 600 per sqft.
  • Rented since March 2018 on 3 Ejari contracts, from AED 95,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 6.7%, before a service charge of about AED 27,300 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 3 October 2021.

Questions about 1308, Safeer Tower 2

What did unit 1308 last sell for?

AED 970,044 on 4 March 2021, sold by the developer: AED 600 per sqft for 1,617 sqft. It is the only registered sale of the unit.

What is the rent for unit 1308?

AED 65,000 a year on the contract renewed on 3 October 2021. The previous contract, from October 2020, was AED 62,000; the unit has been rented since March 2018.

How big is unit 1308?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 13th floor of a 15-storey tower completed in 2017.

What is unit 1308 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 1308, Safeer Tower 2

Starts from the last sale price (AED 970K, 4 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 970,044
Deposit, UAE resident (20%)
AED 194,009
Deposit, non-resident (40%)
AED 388,018
Monthly over 25 years at 3.7%
AED 3,969

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