1502, Safeer Tower 2
Sold prices and rental history: sold twice, last in July 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Safeer Tower 2
What is 1502 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 4,988 sqft
- Floor
- 15th of 15
- Parking
- B1-79, B1-80, B1-81
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 84,200 /yr
- Last sold
- AED 6M · July 2024
- Building
- Safeer Tower 2
About 1502, Safeer Tower 2
1502 is a four-bedroom apartment of 4,988 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 10 July 2024 for AED 6,000,000, or AED 1,202 per sqft.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 June 2022, is AED 200,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 84,200 a year.
4-beds in Safeer Tower 2, and where 1502 sits
All 2 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Feb 202320 February 2023 | 4,986 sqft | 3,766,927 | 755 | ||
| 6 Nov 20176 November 2017 | 4,856 sqft | 4,500,000 | 926 |
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 | |||||
|---|---|---|---|---|---|
| 1501 | 4-bed | 4,986 sqft | AED 3.77MAED 3,766,927 · Feb 2023February 2023 | 179,037 /yr |
1502, Safeer Tower 2 in numbers
- Sold twice: first on 31 May 2023 for AED 3,500,000, last on 10 July 2024 for AED 6,000,000 (AED 1,202 per sqft).
- Rented since November 2020 on 2 Ejari contracts, from AED 140,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 84,200 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 10 July 2024.
Questions about 1502, Safeer Tower 2
What did unit 1502 last sell for?
AED 6,000,000 on 10 July 2024: AED 1,202 per sqft for 4,988 sqft. The unit has 2 registered sales; the first was AED 3,500,000 in May 2023.
What is the rent for unit 1502?
AED 200,000 a year on the contract signed on 20 June 2022. The previous contract, from November 2020, was AED 140,000.
How big is unit 1502?
4,988 sqft (463.4 sqm): a four-bedroom apartment on the 15th floor of a 15-storey tower completed in 2017.
What is unit 1502 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 1502, Safeer Tower 2
Starts from the last sale price (AED 6M, 10 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,000,000
- Deposit, UAE resident (20%)
- AED 1,200,000
- Deposit, non-resident (40%)
- AED 2,400,000
- Monthly over 25 years at 3.7%
- AED 24,548
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →