1402, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in March 2016, 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 1402, Safeer Tower 2
What is 1402 worth today?
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Source: Dubai Land Department. Updated 14 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 936 sqft
- Floor
- 14th of 15
- Parking
- B1-85
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 15,800 /yr
- Last sold
- AED 1.42M · March 2016
- Building
- Safeer Tower 2
About 1402, Safeer Tower 2
1402 is a one-bedroom apartment of 936 sqft on the 14th 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 6 March 2016 for AED 1,415,905, or AED 1,513 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 5 Ejari contracts. The current contract, signed on 14 December 2022, is AED 58,000 a year: a gross yield of 4.1% on the 2016 price, before the service charge of about AED 15,800 a year.
Sales and rents for 1402 over time
1402 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 1402 sits
All 54 1-beds →1402 last sold in March 2016 at AED 1,513 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. 1402's AED 58,000 is in the lower 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 14th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,467 sqft | AED 1.15MAED 1,150,000 · Jan 2023January 2023 | ||
| 1403 | 1-bed | 927 sqft | AED 1.32MAED 1,321,640 · Jul 2016July 2016 | 71,500 /yr | |
| 1404 | 2-bed | 1,618 sqft | AED 971KAED 970,626 · Mar 2021March 2021 | 144,000 /yr | |
| 1405 | 2-bed | 1,467 sqft | AED 1.6MAED 1,600,000 · Dec 2017December 2017 | 95,000 /yr | |
| 1406 | 1-bed | 935 sqft | AED 972KAED 971,903 · Oct 2018October 2018 | 66,413 /yr | |
| 1407 | 1-bed | 928 sqft | AED 974KAED 974,467 · Oct 2018October 2018 | 69,575 /yr | |
| 1408 | 2-bed | 1,617 sqft | AED 970KAED 970,044 · Mar 2021March 2021 | 75,000 /yr |
1402, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 6 March 2016 for AED 1,415,905, or AED 1,513 per sqft.
- Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 45,000 in 2020 and recovered to AED 58,000 by December 2022.
- At AED 58,000 a year the gross yield on the 2016 price is 4.1%, before a service charge of about AED 15,800 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 14 December 2022.
Questions about 1402, Safeer Tower 2
What did unit 1402 last sell for?
AED 1,415,905 on 6 March 2016, sold by the developer: AED 1,513 per sqft for 936 sqft. It is the only registered sale of the unit.
What is the rent for unit 1402?
AED 58,000 a year on the contract signed on 14 December 2022. The previous contract, from December 2021, was AED 55,000; the unit has been rented since January 2018.
How big is unit 1402?
936 sqft (87.0 sqm): a one-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1402 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 1402, Safeer Tower 2
Starts from the last sale price (AED 1.42M, 6 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,415,905
- Deposit, UAE resident (20%)
- AED 283,181
- Deposit, non-resident (40%)
- AED 566,362
- Monthly over 25 years at 3.7%
- AED 5,793
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →