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2-bed · 1,501 sqftSafeer Tower 1, Business Bay · 11th floor · completed 2017

1106, Safeer Tower 1

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 11 September 2023
Last soldAED 1.2M4 May 2023
Current rentAED 105K /yr11 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1106, Safeer Tower 1

What is 1106 worth today?

Last sold for AED 1,200,000 in 2023

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11 Sep 2023RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
4 May 2023SoldReady
AED 1,200,000AED 799 per sqft
25 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 40 per sqft
1 Oct 2020RentedNew contract
AED 62,000/yr12 months · AED 41 per sqft
5 Jul 2019RentedRenewal
AED 87,000/yr12 months · AED 58 per sqft
5 Jul 2018RentedNew contract
AED 100,000/yr12 months · AED 67 per sqft
26 Aug 2017Sold by developerReady
AED 2,061,134AED 1,373 per sqft
16 Jun 2017RentedNew contract
AED 110,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 11 September 2023.

Key facts

Type
2-bed apartment
Size
1,501 sqft
Floor
11th of 15
Parking
B2 - 084
Developer
Alseeb Real Estate Development
Completed
2017
Service charge
AED 29,300 /yr
Last sold
AED 1.2M · May 2023
Building
Safeer Tower 1

About 1106, Safeer Tower 1

1106 is a two-bedroom apartment of 1,501 sqft on the 11th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 4 May 2023 for AED 1,200,000, or AED 799 per sqft, 4% above the AED 768 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 11 September 2023, is AED 105,000 a year: a gross yield of 8.8% on the 2023 price, before the service charge of about AED 29,300 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical two-bed in Safeer Tower 1
1.5M2M2015201820212024Typical sale price by year: 2015 AED 2,061,134; 2017 AED 2,061,134; 2023 AED 1,200,000; 2024 AED 1,500,000; 2025 AED 1,527,500Sold by developer, August 2017: AED 2,061,134 (AED 1,373 per sqft)Sold, May 2023: AED 1,200,000 (AED 799 per sqft)

1106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, each contractTypical two-bed in Safeer Tower 1
75K100K2017202020232026Typical rent by year: 2017 AED 106,500; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 67,000; 2022 AED 75,375; 2023 AED 89,250; 2024 AED 110,000; 2025 AED 110,000New contract, June 2017: AED 110,000 a yearNew contract, July 2018: AED 100,000 a yearRenewal, July 2019: AED 87,000 a yearNew contract, October 2020: AED 62,000 a yearNew contract, November 2021: AED 60,000 a yearNew contract, September 2023: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Safeer Tower 1, and where 1106 sits

All 27 2-beds →

1106 last sold in May 2023 at AED 799 per sqft, 4% above what two-beds in Safeer Tower 1 were fetching at the time (AED 768). 1106's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jul 20251,460,000
16 Jun 20251,480,000
23 May 20251,600,000
6 Mar 20251,575,000
0 2-bed sales in the last 12 months

Safeer Tower 1

Building

170 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%
Safeer Tower 1, Business Bay: prices, sales and rents →

Other units on the 11th floor

All 170 units in Safeer Tower 1
Value
11011-bedAED 940K · Oct 2024
11021-bedAED 950K · Oct 2023
11032-bedAED 1.94M · Aug 2017
11042-bedAED 1.48M · Dec 2024
11052-bedAED 2.17M · Aug 2017
11071-bedAED 511K · Nov 2020
11081-bedAED 1.35M · Aug 2017

1106, Safeer Tower 1 in numbers

  • Sold twice: first on 26 August 2017 for AED 2,061,134, last on 4 May 2023 for AED 1,200,000 (AED 799 per sqft).
  • Rented since June 2017 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 60,000 in 2021 and recovered to AED 105,000 by September 2023.
  • At AED 105,000 a year the gross yield on the 2023 price is 8.8%, before a service charge of about AED 29,300 a year (AED 19.53 per sqft).

Source: Dubai Land Department. Updated 11 September 2023.

Questions about 1106, Safeer Tower 1

What did unit 1106 last sell for?

AED 1,200,000 on 4 May 2023: AED 799 per sqft for 1,501 sqft. The unit has 2 registered sales; the first was AED 2,061,134 in August 2017.

What is the rent for unit 1106?

AED 105,000 a year on the contract signed on 11 September 2023. The previous contract, from November 2021, was AED 60,000; the unit has been rented since June 2017.

How big is unit 1106?

1,501 sqft (139.4 sqm): a two-bedroom apartment on the 11th floor of a 15-storey tower completed in 2017.

What is unit 1106 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 1106, Safeer Tower 1

Starts from the last sale price (AED 1.2M, 4 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →