408, Safeer Tower 2
Sold prices and rental history: sold once, by the developer in November 2020, 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 408, Safeer Tower 2
What is 408 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 20 May 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 1,029 sqft
- Floor
- 4th of 15
- Parking
- B2-62
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 17,400 /yr
- Last sold
- AED 617K · November 2020
- Building
- Safeer Tower 2
About 408, Safeer Tower 2
408 is a one-bedroom apartment of 1,029 sqft on the 4th 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 8 November 2020 for AED 617,226, or AED 600 per sqft, in line with the AED 600 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 20 May 2021, is AED 43,000 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 17,400 a year.
Sales and rents for 408 over time
408 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 408 sits
All 54 1-beds →408 last sold in November 2020 at AED 600 per sqft, in line with what one-beds in Safeer Tower 2 were fetching at the time (AED 600). 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. 408's AED 43,000 is at the bottom 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 4th floor
All 178 units in Safeer Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 878 sqft | AED 1.27MAED 1,265,793 · Mar 2016March 2016 | 73,000 /yr | |
| 402 | Studio | 483 sqft | AED 520KAED 520,000 · Jun 2023June 2023 | 38,400 /yr | |
| 403 | Studio | 483 sqft | AED 591KAED 590,779 · Jul 2018July 2018 | 42,000 /yr | |
| 404 | Studio | 480 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 43,000 /yr | |
| 405 | Studio | 480 sqft | AED 624KAED 623,531 · Oct 2018October 2018 | 50,000 /yr | |
| 406 | Studio | 476 sqft | AED 835KAED 835,377 · Dec 2015December 2015 | 50,400 /yr | |
| 407 | Studio | 486 sqft | AED 872KAED 872,261 · Sep 2015September 2015 | ||
| 409 | 1-bed | 878 sqft | AED 900KAED 900,000 · Oct 2024October 2024 | 67,000 /yr | |
| 410 | Studio | 484 sqft | AED 844KAED 843,865 · Jul 2015July 2015 | 45,000 /yr | |
| 411 | Studio | 483 sqft | AED 290KAED 289,656 · Nov 2020November 2020 | 36,000 /yr | |
| 412 | Studio | 480 sqft | AED 685KAED 685,000 · Nov 2025November 2025 | 36,000 /yr | |
| 413 | Studio | 480 sqft | AED 675KAED 675,000 · Mar 2025March 2025 | 57,000 /yr | |
| 414 | Studio | 466 sqft | AED 835KAED 835,377 · Mar 2016March 2016 | 55,000 /yr | |
| 415 | Studio | 484 sqft | AED 581KAED 580,605 · Oct 2018October 2018 | 52,877 /yr | |
| 416 | 1-bed | 1,029 sqft | AED 617KAED 617,226 · Nov 2020November 2020 | 84,000 /yr |
408, Safeer Tower 2 in numbers
- Sold once: by Alseeb Real Estate Development on 8 November 2020 for AED 617,226, or AED 600 per sqft.
- Rented since May 2018 on 4 Ejari contracts, from AED 75,000 to AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 17,400 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 20 May 2021.
Questions about 408, Safeer Tower 2
What did unit 408 last sell for?
AED 617,226 on 8 November 2020, sold by the developer: AED 600 per sqft for 1,029 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 43,000 a year on the contract signed on 20 May 2021. The previous contract, from March 2020, was AED 57,000; the unit has been rented since May 2018.
How big is unit 408?
1,029 sqft (95.6 sqm): a one-bedroom apartment on the 4th floor of a 15-storey tower completed in 2017.
What is unit 408 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.
Selling 408? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 408, Safeer Tower 2
Starts from the last sale price (AED 617K, 8 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 617,226
- Deposit, UAE resident (20%)
- AED 123,445
- Deposit, non-resident (40%)
- AED 246,890
- Monthly over 25 years at 3.7%
- AED 2,525
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →