1002, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, Safeer Tower 1
What is 1002 worth today?
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Source: Dubai Land Department. Updated 10 June 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 10th of 15
- Parking
- B1 - 061
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 16,700 /yr
- Last sold
- AED 1.28M · August 2017
- Building
- Safeer Tower 1
About 1002, Safeer Tower 1
1002 is a one-bedroom apartment of 857 sqft on the 10th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. The developer sold it on 10 August 2017 for AED 1,282,553, or AED 1,496 per sqft, in line with the AED 1,453 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 10 June 2022, is AED 51,600 a year: a gross yield of 4.0% on the 2017 price, before the service charge of about AED 16,700 a year.
Sales and rents for 1002 over time
1002 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 1, and where 1002 sits
All 53 1-beds →1002 last sold in August 2017 at AED 1,496 per sqft, in line with what one-beds in Safeer Tower 1 were fetching at the time (AED 1,453). Over the last 12 months one-beds sold for AED 1,080,000, around AED 1,067 per sqft, and rent for AED 72,000 to 82,000 a year. 1002's AED 51,600 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 May 202516 May 2025 | 961 sqft | 963,000 | 1,002 | ||
| 17 Feb 202517 February 2025 | 857 sqft | 1,000,000 | 1,166 | ||
| 22 Jan 202522 January 2025 | 961 sqft | 940,000 | 978 | ||
| 19 Dec 202419 December 2024 | 961 sqft | 920,000 | 957 |
Safeer Tower 1
Building170 apartments, studios to 2-bed over 15 floors in Business Bay, completed in 2017 by Alseeb Real Estate Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,438
- Typical sale
- AED 655K
- Typical rent
- AED 65K /yr
- Typical yield
- 7.6%
Other units on the 10th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 961 sqft | AED 1.39MAED 1,392,899 · Aug 2017August 2017 | 70,000 /yr | |
| 1003 | 2-bed | 1,501 sqft | AED 1.94MAED 1,942,618 · Aug 2017August 2017 | 128,000 /yr | |
| 1004 | 2-bed | 1,580 sqft | AED 2.17MAED 2,171,741 · Apr 2015April 2015 | 89,759 /yr | |
| 1005 | 2-bed | 1,583 sqft | AED 1.02MAED 1,020,000 · Feb 2021February 2021 | 120,000 /yr | |
| 1006 | 2-bed | 1,501 sqft | AED 1.5MAED 1,500,000 · Apr 2024April 2024 | 60,000 /yr | |
| 1007 | 1-bed | 852 sqft | AED 1.24MAED 1,240,502 · Apr 2015April 2015 | ||
| 1008 | 1-bed | 960 sqft | AED 672KAED 672,021 · Mar 2022March 2022 | 93,000 /yr |
1002, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 10 August 2017 for AED 1,282,553, or AED 1,496 per sqft.
- Rented since July 2019 on 3 Ejari contracts. The rent fell from AED 65,000 to AED 43,000 in 2021 and recovered to AED 51,600 by June 2022.
- At AED 51,600 a year the gross yield on the 2017 price is 4.0%, before a service charge of about AED 16,700 a year (AED 19.53 per sqft).
- One-beds in Safeer Tower 1 sold for AED 1,080,000–1,080,000 in the 12 months to November 2026; the building's median across all types is AED 1,438 per sqft.
Source: Dubai Land Department. Updated 10 June 2022.
Questions about 1002, Safeer Tower 1
What did unit 1002 last sell for?
AED 1,282,553 on 10 August 2017, sold by the developer: AED 1,496 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 1002?
AED 51,600 a year on the contract renewed on 10 June 2022. The previous contract, from June 2021, was AED 43,000; the unit has been rented since July 2019.
How big is unit 1002?
857 sqft (79.6 sqm): a one-bedroom apartment on the 10th floor of a 15-storey tower completed in 2017.
What is unit 1002 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 1 sold for AED 1,080,000 to 1,080,000 in the last 12 months, around AED 1,067 per sqft.
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Mortgage on 1002, Safeer Tower 1
Starts from the last sale price (AED 1.28M, 10 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,282,553
- Deposit, UAE resident (20%)
- AED 256,511
- Deposit, non-resident (40%)
- AED 513,021
- Monthly over 25 years at 3.7%
- AED 5,247
Plus AED 58,877 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →