705, Safeer Tower 1
Sold prices and rental history: sold 3 times, last in September 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 705, Safeer Tower 1
What is 705 worth today?
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Source: Dubai Land Department. Updated 21 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,011 sqft
- Floor
- 7th of 15
- Parking
- B2 - 070
- Developer
- Alseeb Real Estate Development
- Completed
- 2017
- Service charge
- AED 19,800 /yr
- Last sold
- AED 1.1M · September 2023
- Building
- Safeer Tower 1
About 705, Safeer Tower 1
705 is a one-bedroom apartment of 1,011 sqft on the 7th floor of Safeer Tower 1, a 15-storey tower in Business Bay completed in 2017 by Alseeb Real Estate Development. It last sold on 21 September 2023 for AED 1,100,000, or AED 1,087 per sqft, 38% above the AED 785 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 25 November 2022, is AED 75,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 19,800 a year.
Sales and rents for 705 over time
705 has sold 3 times; 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 705 sits
All 53 1-beds →705 last sold in September 2023 at AED 1,087 per sqft, 38% above what one-beds in Safeer Tower 1 were fetching at the time (AED 785). 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. 705'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 7th floor
All 170 units in Safeer Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 961 sqft | AED 1.39MAED 1,393,381 · Aug 2017August 2017 | ||
| 702 | Studio | 427 sqft | AED 735KAED 734,930 · Mar 2015March 2015 | 58,909 /yr | |
| 703 | Studio | 445 sqft | AED 695KAED 695,000 · Jun 2017June 2017 | 63,000 /yr | |
| 704 | Studio | 429 sqft | AED 600KAED 600,000 · Oct 2024October 2024 | 41,400 /yr | |
| 706 | Studio | 457 sqft | AED 440KAED 440,000 · Apr 2022April 2022 | 27,950 /yr | |
| 707 | Studio | 462 sqft | AED 781KAED 780,557 · Aug 2017August 2017 | 55,000 /yr | |
| 708 | Studio | 455 sqft | AED 808KAED 807,953 · Aug 2017August 2017 | 49,000 /yr | |
| 709 | Studio | 476 sqft | AED 827KAED 827,459 · Aug 2017August 2017 | 65,000 /yr | |
| 710 | Studio | 457 sqft | AED 740KAED 740,000 · May 2017May 2017 | 36,000 /yr | |
| 711 | Studio | 462 sqft | AED 635KAED 635,000 · Nov 2024November 2024 | 65,000 /yr | |
| 712 | Studio | 457 sqft | AED 561KAED 560,500 · Aug 2023August 2023 | 72,000 /yr | |
| 713 | 1-bed | 1,011 sqft | AED 607KAED 606,696 · Nov 2020November 2020 | 93,000 /yr | |
| 714 | Studio | 429 sqft | AED 734KAED 733,620 · Feb 2017February 2017 | 33,000 /yr | |
| 715 | Studio | 445 sqft | AED 267KAED 266,988 · Nov 2020November 2020 | 30,000 /yr | |
| 716 | Studio | 427 sqft | AED 713KAED 712,524 · Aug 2017August 2017 | 50,000 /yr | |
| 717 | 1-bed | 961 sqft | AED 1.18MAED 1,178,000 · Jul 2024July 2024 | 82,000 /yr |
705, Safeer Tower 1 in numbers
- Sold 3 times: first on 3 August 2020 for AED 500,000, last on 21 September 2023 for AED 1,100,000 (AED 1,087 per sqft).
- Rented since April 2017 on 4 Ejari contracts. The rent fell from AED 70,000 to AED 48,000 in 2021 and recovered to AED 75,000 by November 2022.
- At AED 75,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 19,800 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 21 September 2023.
Questions about 705, Safeer Tower 1
What did unit 705 last sell for?
AED 1,100,000 on 21 September 2023: AED 1,087 per sqft for 1,011 sqft. The unit has 3 registered sales; the first was AED 500,000 in August 2020.
What is the rent for unit 705?
AED 75,000 a year on the contract signed on 25 November 2022. The previous contract, from January 2021, was AED 48,000; the unit has been rented since April 2017.
How big is unit 705?
1,011 sqft (93.9 sqm): a one-bedroom apartment on the 7th floor of a 15-storey tower completed in 2017.
What is unit 705 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 705, Safeer Tower 1
Starts from the last sale price (AED 1.1M, 21 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →