106, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 106, Safeer Tower 1
What is 106 worth today?
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Source: Dubai Land Department. Updated 22 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 601 sqft
- Floor
- 1st of 15
- Parking
- B2 - 017
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 11,700 /yr
- Last sold
- AED 360K · November 2020
- Building
- Safeer Tower 1
About 106, Safeer Tower 1
106 is a studio of 601 sqft on the 1st 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 1 November 2020 for AED 360,378, or AED 600 per sqft, 36% below the AED 935 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 22 May 2025, is AED 72,000 a year: a gross yield of 20.0% on the 2020 price, before the service charge of about AED 11,700 a year.
Sales and rents for 106 over time
106 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safeer Tower 1, and where 106 sits
All 81 studios →106 last sold in November 2020 at AED 600 per sqft, 36% below what studios in Safeer Tower 1 were fetching at the time (AED 935). Over the last 12 months studios sold for AED 640,000 to 740,000, around AED 1,455 per sqft, and rent for AED 46,659 to 70,072 a year. 106's AED 72,000 is at the top of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jan 20269 January 2026 | 445 sqft | 655,000 | 1,471 | ||
| 25 Dec 202525 December 2025 | 445 sqft | 640,000 | 1,438 | ||
| 18 Dec 202518 December 2025 | 445 sqft | 740,000 | 1,662 | ||
| 23 Jul 202523 July 2025 | 427 sqft | 720,000 | 1,687 |
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 1st floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 959 sqft | AED 1.38MAED 1,379,447 · Aug 2017August 2017 | 60,829 /yr | |
| 102 | Studio | 427 sqft | AED 664KAED 664,004 · Aug 2017August 2017 | 60,000 /yr | |
| 103 | Studio | 445 sqft | AED 692KAED 692,306 · Aug 2017August 2017 | 56,000 /yr | |
| 104 | Studio | 430 sqft | AED 560KAED 560,000 · Mar 2018March 2018 | 48,000 /yr | |
| 105 | Studio | 601 sqft | AED 925KAED 925,000 · Aug 2017August 2017 | 15,000 /yr | |
| 107 | Studio | 430 sqft | AED 714KAED 714,048 · Aug 2017August 2017 | 52,030 /yr | |
| 108 | Studio | 445 sqft | AED 671KAED 670,536 · Aug 2017August 2017 | 54,000 /yr | |
| 109 | Studio | 426 sqft | AED 711KAED 710,821 · Aug 2017August 2017 | 54,000 /yr | |
| 110 | 1-bed | 960 sqft | AED 1.35MAED 1,347,696 · Aug 2017August 2017 | 47,000 /yr |
106, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 1 November 2020 for AED 360,378, or AED 600 per sqft.
- Rented since September 2017 on 4 Ejari contracts. The rent fell from AED 65,000 to AED 36,000 in 2020 and recovered to AED 72,000 by May 2025.
- At AED 72,000 a year the gross yield on the 2020 price is 20.0%, before a service charge of about AED 11,700 a year (AED 19.53 per sqft).
- Studios in Safeer Tower 1 sold for AED 640,000–740,000 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 22 May 2025.
Questions about 106, Safeer Tower 1
What did unit 106 last sell for?
AED 360,378 on 1 November 2020, sold by the developer: AED 600 per sqft for 601 sqft. It is the only registered sale of the unit.
What is the rent for unit 106?
AED 72,000 a year on the contract signed on 22 May 2025. The previous contract, from November 2020, was AED 36,000; the unit has been rented since September 2017.
How big is unit 106?
601 sqft (55.8 sqm): a studio on the 1st floor of a 15-storey tower completed in 2017.
What is unit 106 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Safeer Tower 1 sold for AED 640,000 to 740,000 in the last 12 months, around AED 1,455 per sqft.
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Mortgage on 106, Safeer Tower 1
Starts from the last sale price (AED 360K, 1 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 360,378
- Deposit, UAE resident (20%)
- AED 72,076
- Deposit, non-resident (40%)
- AED 144,151
- Monthly over 25 years at 3.7%
- AED 1,474
Plus AED 18,046 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →