1208, Safeer Tower 1
Sold prices and rental history: sold twice, last in April 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Safeer Tower 1
What is 1208 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 12th of 15
- Parking
- B1 - 078
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 18,700 /yr
- Last sold
- AED 1.05M · April 2018
- Building
- Safeer Tower 1
About 1208, Safeer Tower 1
1208 is a one-bedroom apartment of 960 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 10 April 2018 for AED 1,050,000, or AED 1,093 per sqft, 25% below the AED 1,450 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 75,000 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 18,700 a year.
Sales and rents for 1208 over time
1208 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 1208 sits
All 53 1-beds →1208 last sold in April 2018 at AED 1,093 per sqft, 25% below what one-beds in Safeer Tower 1 were fetching at the time (AED 1,450). 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. 1208's AED 75,000 is in the lower half 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 | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 961 sqft | AED 940KAED 940,000 · Oct 2024October 2024 | 72,000 /yr | |
| 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, Safeer Tower 1 in numbers
- Sold twice: first on 10 August 2017 for AED 1,418,137, last on 10 April 2018 for AED 1,050,000 (AED 1,093 per sqft).
- Rented since October 2020 on 5 Ejari contracts, from AED 48,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2018 price is 7.1%, before a service charge of about AED 18,700 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 1 February 2025.
Questions about 1208, Safeer Tower 1
What did unit 1208 last sell for?
AED 1,050,000 on 10 April 2018: AED 1,093 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,418,137 in August 2017.
What is the rent for unit 1208?
AED 75,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 75,000; the unit has been rented since October 2020.
How big is unit 1208?
960 sqft (89.2 sqm): a one-bedroom apartment on the 12th floor of a 15-storey tower completed in 2017.
What is unit 1208 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 1208, Safeer Tower 1
Starts from the last sale price (AED 1.05M, 10 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →