1501, Safeer Tower 2
Sold prices and rental history: sold twice, last in February 2023, and rented once, from March 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Safeer Tower 2
What is 1501 worth today?
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Source: Dubai Land Department. Updated 20 February 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 4,986 sqft
- Floor
- 15th of 15
- Parking
- B1-75, B1-76, B1-77
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 84,100 /yr
- Last sold
- AED 3.77M · February 2023
- Building
- Safeer Tower 2
About 1501, Safeer Tower 2
1501 is a four-bedroom apartment of 4,986 sqft on the 15th floor of Safeer Tower 2, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 20 February 2023 for AED 3,766,927, or AED 755 per sqft.
One Ejari contract is registered, from 15 March 2021. The current contract, signed on 15 March 2021, is AED 179,037 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 84,100 a year.
4-beds in Safeer Tower 2, and where 1501 sits
All 2 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202410 July 2024 | 4,988 sqft | 6,000,000 | 1,202 | ||
| 31 May 202331 May 2023 | 4,988 sqft | 3,500,000 | 701 |
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 15th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 4-bed | 4,988 sqft | AED 6MAED 6,000,000 · Jul 2024July 2024 | 200,000 /yr |
1501, Safeer Tower 2 in numbers
- Sold twice: first on 6 November 2017 for AED 4,500,000, last on 20 February 2023 for AED 3,766,927 (AED 755 per sqft).
- Rented since March 2021 on one Ejari contract, at AED 179,037 a year.
- At AED 179,037 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 84,100 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 20 February 2023.
Questions about 1501, Safeer Tower 2
What did unit 1501 last sell for?
AED 3,766,927 on 20 February 2023: AED 755 per sqft for 4,986 sqft. The unit has 2 registered sales; the first was AED 4,500,000 in November 2017.
What is the rent for unit 1501?
AED 179,037 a year on the contract signed on 15 March 2021.
How big is unit 1501?
4,986 sqft (463.2 sqm): a four-bedroom apartment on the 15th floor of a 15-storey tower completed in 2017.
What is unit 1501 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 1501, Safeer Tower 2
Starts from the last sale price (AED 3.77M, 20 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,766,927
- Deposit, UAE resident (20%)
- AED 753,385
- Deposit, non-resident (40%)
- AED 1,506,771
- Monthly over 25 years at 3.7%
- AED 15,412
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →