1408, 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.
Property timeline for 1408, Safeer Tower 2
What is 1408 worth today?
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Source: Dubai Land Department. Updated 10 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,617 sqft
- Floor
- 14th of 15
- Parking
- B1-70
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 27,300 /yr
- Last sold
- AED 970K · March 2021
- Building
- Safeer Tower 2
About 1408, Safeer Tower 2
1408 is a two-bedroom apartment of 1,617 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 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 continuously since 2018 on 6 Ejari contracts. The current contract, signed on 10 February 2025, is AED 75,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 27,300 a year.
Sales and rents for 1408 over time
1408 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 1408 sits
All 20 2-beds →1408 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). 1408's AED 75,000 is at the bottom 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 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 | ||
| 1402 | 1-bed | 936 sqft | AED 1.42MAED 1,415,905 · Mar 2016March 2016 | 58,000 /yr | |
| 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, 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 6 Ejari contracts. The rent fell from AED 100,000 to AED 65,000 in 2021 and recovered to AED 75,000 by February 2025.
- At AED 75,000 a year the gross yield on the 2021 price is 7.7%, before a service charge of about AED 27,300 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 10 February 2025.
Questions about 1408, Safeer Tower 2
What did unit 1408 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 1408?
AED 75,000 a year on the contract signed on 10 February 2025. The previous contract, from February 2025, was AED 75,000; the unit has been rented since March 2018.
How big is unit 1408?
1,617 sqft (150.2 sqm): a two-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1408 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 1408, 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 →