1201, Safeer Tower 1
Sold prices and rental history: sold twice, last in October 2024, 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 1201, Safeer Tower 1
What is 1201 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 29 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 961 sqft
- Floor
- 12th of 15
- Parking
- B1 - 053
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,800 /yr
- Last sold
- AED 940K · October 2024
- Building
- Safeer Tower 1
About 1201, Safeer Tower 1
1201 is a one-bedroom apartment of 961 sqft on the 12th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 29 October 2024 for AED 940,000, or AED 978 per sqft, in line with the AED 978 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 September 2023, is AED 72,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 18,800 a year.
Sales and rents for 1201 over time
1201 has sold twice; 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 1201 sits
All 53 1-beds →1201 last sold in October 2024 at AED 978 per sqft, in line with what one-beds in Safeer Tower 1 were fetching at the time (AED 978). 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. 1201's AED 72,000 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 12th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | 1-bed | 857 sqft | AED 910KAED 910,000 · Sep 2023September 2023 | 80,000 /yr | |
| 1203 | 2-bed | 1,501 sqft | AED 1.58MAED 1,575,000 · Mar 2025March 2025 | 85,082 /yr | |
| 1204 | 2-bed | 1,580 sqft | AED 1.73MAED 1,730,000 · Jul 2024July 2024 | 96,923 /yr | |
| 1205 | 2-bed | 1,583 sqft | AED 2.17MAED 2,171,741 · Aug 2017August 2017 | 91,400 /yr | |
| 1206 | 2-bed | 1,501 sqft | AED 1.6MAED 1,600,000 · May 2025May 2025 | 110,000 /yr | |
| 1207 | 1-bed | 852 sqft | AED 950KAED 950,000 · May 2024May 2024 | 50,000 /yr | |
| 1208 | 1-bed | 960 sqft | AED 1.05MAED 1,050,000 · Apr 2018April 2018 | 75,000 /yr |
1201, Safeer Tower 1 in numbers
- Sold twice: first on 13 April 2015 for AED 1,319,588, last on 29 October 2024 for AED 940,000 (AED 978 per sqft).
- Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 72,000 to AED 45,000 in 2021 and recovered to AED 72,000 by September 2023.
- At AED 72,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 18,800 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 29 October 2024.
Questions about 1201, Safeer Tower 1
What did unit 1201 last sell for?
AED 940,000 on 29 October 2024: AED 978 per sqft for 961 sqft. The unit has 2 registered sales; the first was AED 1,319,588 in April 2015.
What is the rent for unit 1201?
AED 72,000 a year on the contract signed on 1 September 2023. The previous contract, from November 2022, was AED 50,000; the unit has been rented since March 2018.
How big is unit 1201?
961 sqft (89.3 sqm): a one-bedroom apartment on the 12th floor of a 15-storey tower completed in 2017.
What is unit 1201 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.
Selling 1201? 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 1201, Safeer Tower 1
Starts from the last sale price (AED 940K, 29 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus AED 44,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →