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Safeer Tower 1 is a completed apartment development by ALSEEB REAL ESTATE DEVELOPMENT L.L.C in Business Bay, comprising 176 registered units. 278 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,282 per sqft. At AED 1,282 per sqft, Safeer Tower 1 prices 47% below the Business Bay average of AED 2,432 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
PIX© Core Project-Wide 426 – 1,583 sqft | 176 | 986K | 1,282 | ↓1.1% | 80K | 8.1% | |
| Residential | |||||||
Studio · Apartment 426 – 601 sqft | 88 | ||||||
1 Bed · Apartment 852 – 1,011 sqft | 54 | ||||||
2 Bed · Apartment 1,501 – 1,583 sqft | 28 | ||||||
Penthouse · Apartment 4,933 – 4,956 sqft | — | — | — | — | — | ||
| Commercial | |||||||
Shop 564 – 971 sqft | 6 | — | — | — | |||
| Date | Unit | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 24 Jul 2026 | 1 Bed | Floor 9 | 857 | 1,050,000 | 1,225 | +5.0% | Standard | Standard Sale |
| 29 Jun 2026 | 1 Bed | Floor 12 | 961 | 1,060,000 | 1,104 | +12.8% | Standard | Standard Sale |
| 23 Jun 2026 | Studio | Floor 7 | 457 | 640,000 | 1,400 | +45.5% | Standard | Standard Sale |
| Floors | Median Rent / Yr |
|---|---|
| All floors | 207 rentals |
| Floors 1-7 | 144 rentals |
| Floors 8-15 | 63 rentals |
| Start Date | Unit | Position | Size | Rent / Yr | Rent PSF | vs Prior Rent | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 1 Sep 2026 | 1 Bed | — | 1,011 | 72,000 | 71 | — | Entry Level | renewal |
| 3 Aug 2026 | — | Floor G | 564 | 100,000 | 177 | +13.9% | Standard | new |
| 31 Jul 2026 | Studio | Floor 2 | 427 | 47,869 | 112 | -9.7% | Entry Level | new |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Business Bay
The closest-priced registered projects in Business Bay.
- Ontario TowerAED 1,283/sqft
- The Residence At Business CentralAED 1,277/sqft
- Fair View ResidencyAED 1,287/sqft
- Sobha IvoryAED 1,297/sqft
- Capital Bay BAED 1,267/sqft
- Burj PacificAED 1,298/sqft
Common questions about Safeer Tower 1
Answered from Dubai Land Department registered transactions.
How much does a property in Safeer Tower 1 cost?
Property in Safeer Tower 1 sells at a current PIX© price of AED 1,282 per sqft, or about AED 985,625 for a typical unit, based on 278 sales registered with the Dubai Land Department.
Is Safeer Tower 1 completed?
Yes. Safeer Tower 1 is recorded as completed in the Dubai Land Department project register (completed q1 2017).
Who is the developer of Safeer Tower 1?
Safeer Tower 1 is developed by ALSEEB REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.
What is the rental yield in Safeer Tower 1?
Safeer Tower 1 yields 8.1% gross, calculated from current PIX© rent against current PIX© sale price, across 977 registered Ejari contracts.
How many units are in Safeer Tower 1?
Safeer Tower 1 holds 176 registered units, per the Dubai Land Department unit register.
Have prices in Safeer Tower 1 gone up or down?
Price per sqft has fallen -1.1% over the last 12 months, to AED 1,282, across 278 registered sales.
About Safeer Tower 1
Safeer Tower 1 is a completed mid-rise tower project in Business Bay, Dubai, developed by Al Seeb Real Estate Development and Al Safeer Group, offering a mix of residential apartments, luxury penthouses, and ground-floor retail spaces.
Project Overview and Developer
Safeer Tower 1 was developed as a joint venture between Al Seeb Real Estate Development (the property arm of Al Safeer Group) and Al Safeer Group. The architectural consultant behind the building's design was LACASA Architects & Engineering Consultants. The project officially launched in March 2014, with construction commencing around the same time, and was completed in January 2017.
Location and Accessibility
The tower is situated on Al Asayel Street in Business Bay, Dubai, United Arab Emirates. Its location provides convenient vehicle access to major routes including Al Khail Road (E44) and Sheikh Zayed Road (E11). For public transport users, the Avanti Tower bus stop is located nearby, and the Business Bay Metro Station is reachable within a short drive. The building offers close proximity to several key landmarks such as the Dubai Water Canal, Godolphin's Al Quoz Stables, the Dubai Mall, and Burj Khalifa.
Building Specifications and Amenities
The tower contains a diverse property mix featuring freehold studio, one-bedroom, and two-bedroom apartments, along with premium four-bedroom penthouses and several ground-floor retail shops. Resident amenities include a fully equipped fitness center, a landscaped outdoor swimming pool, a dedicated children's play area, and covered parking spaces. The tower is serviced by four high-speed passenger elevators, round-the-clock security with CCTV monitoring, and district cooling provided by Empower.
- Landscaped Swimming PoolA landscaped outdoor swimming pool with surrounding deck space suitable for relaxation and events.
- Fully Equipped GymnasiumA modern fitness center featuring strength-training equipment such as abdominal benches and pec-deck machines.
- Children's Play AreaA dedicated recreational area designed for children.
- Marble LobbyA grand entrance lobby finished with high-quality marble flooring.
- High-Speed ElevatorsFour high-speed passenger elevators servicing the entire building.
- Dedicated Covered ParkingCovered parking spaces situated on the ground and basement levels for residents and visitors.
- 24-Hour SecurityMonitored round-the-clock by security personnel and an extensive CCTV camera network.