1407, Safeer Tower 1
Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1407, Safeer Tower 1
What is 1407 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 852 sqft
- Floor
- 14th of 15
- Parking
- B1 - 071
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.24M · August 2017
- Building
- Safeer Tower 1
About 1407, Safeer Tower 1
1407 is a one-bedroom apartment of 852 sqft on the 14th 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 26 August 2017 for AED 1,240,502, or AED 1,455 per sqft, in line with the AED 1,450 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 June 2025, is AED 75,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 16,600 a year.
Sales and rents for 1407 over time
1407 has sold once; 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 1407 sits
All 53 1-beds →1407 last sold in August 2017 at AED 1,455 per sqft, in line with 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. 1407'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 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 | |
| 1405 | 2-bed | 1,583 sqft | AED 1.2MAED 1,200,000 · Oct 2023October 2023 | 115,000 /yr | |
| 1406 | 2-bed | 1,501 sqft | AED 1.24MAED 1,240,000 · Jun 2023June 2023 | 73,484 /yr | |
| 1408 | 1-bed | 960 sqft | AED 1.35MAED 1,347,230 · Aug 2017August 2017 | 75,000 /yr |
1407, Safeer Tower 1 in numbers
- Sold once: by Alseeb Real Estate Development on 26 August 2017 for AED 1,240,502, or AED 1,455 per sqft.
- Rented since April 2019 on 3 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2020 and recovered to AED 75,000 by June 2025.
- At AED 75,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 16,600 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 June 2025.
Questions about 1407, Safeer Tower 1
What did unit 1407 last sell for?
AED 1,240,502 on 26 August 2017, sold by the developer: AED 1,455 per sqft for 852 sqft. It is the only registered sale of the unit.
What is the rent for unit 1407?
AED 75,000 a year on the contract signed on 1 June 2025. The previous contract, from April 2020, was AED 60,000; the unit has been rented since April 2019.
How big is unit 1407?
852 sqft (79.2 sqm): a one-bedroom apartment on the 14th floor of a 15-storey tower completed in 2017.
What is unit 1407 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 1407, Safeer Tower 1
Starts from the last sale price (AED 1.24M, 26 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,240,502
- Deposit, UAE resident (20%)
- AED 248,100
- Deposit, non-resident (40%)
- AED 496,201
- Monthly over 25 years at 3.7%
- AED 5,075
Plus AED 57,111 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →