1405, Safeer Tower 1
Sold prices and rental history: sold twice, last in October 2023, 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 1405, Safeer Tower 1
What is 1405 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,583 sqft
- Floor
- 14th of 15
- Parking
- B1 - 080 , P-035
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 30,900 /yr
- Last sold
- AED 1.2M · October 2023
- Building
- Safeer Tower 1
About 1405, Safeer Tower 1
1405 is a two-bedroom apartment of 1,583 sqft on the 14th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 16 October 2023 for AED 1,200,000, or AED 758 per sqft, in line with the AED 779 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 115,000 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 30,900 a year.
Sales and rents for 1405 over time
1405 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1405 sits
All 27 2-beds →1405 last sold in October 2023 at AED 758 per sqft, in line with what two-beds in Safeer Tower 1 were fetching at the time (AED 779). 1405's AED 115,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jul 202511 July 2025 | 1,583 sqft | 1,460,000 | 922 | ||
| 16 Jun 202516 June 2025 | 1,501 sqft | 1,480,000 | 986 | ||
| 23 May 202523 May 2025 | 1,501 sqft | 1,600,000 | 1,066 | ||
| 6 Mar 20256 March 2025 | 1,501 sqft | 1,575,000 | 1,049 |
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 14th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 961 sqft | AED 900KAED 900,000 · Sep 2024September 2024 | 57,500 /yr | |
| 1402 | 1-bed | 857 sqft | AED 1.28MAED 1,282,553 · Aug 2017August 2017 | 72,000 /yr | |
| 1403 | 2-bed | 1,482 sqft | AED 1.94MAED 1,942,618 · Jun 2015June 2015 | ||
| 1404 | 2-bed | 1,580 sqft | AED 948KAED 948,276 · Nov 2020November 2020 | 168,000 /yr | |
| 1406 | 2-bed | 1,501 sqft | AED 1.24MAED 1,240,000 · Jun 2023June 2023 | 73,484 /yr | |
| 1407 | 1-bed | 852 sqft | AED 1.24MAED 1,240,502 · Aug 2017August 2017 | 75,000 /yr | |
| 1408 | 1-bed | 960 sqft | AED 1.35MAED 1,347,230 · Aug 2017August 2017 | 75,000 /yr |
1405, Safeer Tower 1 in numbers
- Sold twice: first on 2 February 2023 for AED 1,285,000, last on 16 October 2023 for AED 1,200,000 (AED 758 per sqft).
- Rented since July 2017 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 60,000 in 2023 and recovered to AED 115,000 by February 2025.
- At AED 115,000 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 30,900 a year (AED 19.53 per sqft).
Source: Dubai Land Department. Updated 1 February 2025.
Questions about 1405, Safeer Tower 1
What did unit 1405 last sell for?
AED 1,200,000 on 16 October 2023: AED 758 per sqft for 1,583 sqft. The unit has 2 registered sales; the first was AED 1,285,000 in February 2023.
What is the rent for unit 1405?
AED 115,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 115,000; the unit has been rented since July 2017.
How big is unit 1405?
1,583 sqft (147.1 sqm): a two-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1405 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 1405, Safeer Tower 1
Starts from the last sale price (AED 1.2M, 16 October 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 →