Safeer Tower 1

Completed|176 units · 1 tower

Safeer Tower 1 is a completed development by ALSEEB REAL ESTATE DEVELOPMENT L.L.C in Business Bay, comprising 176 registered units. 275 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,291 per sqft. At AED 1,291 per sqft, Safeer Tower 1 prices 19% below the Business Bay median of AED 1,603 per sqft on registered sales.

PIX© price · ↑2.2% YoY

969KAED

Typical

1,291AED

PSF

Gross yield

7.7%

PIX© rent ÷ PIX© price

Sale records

275

DLD · all time

Rent contracts

1,006

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai9 min · 3.9 km

DXB Airport15 min · 19.4 km

DIFC13 min · 9.4 km

Dubai Marina20 min · 21.0 km

Palm Jumeirah21 min · 23.3 km

Nearby · straight-line

Metro stationBusiness Bay1.9 km

MallBay Avenue Mall1.6 km

SchoolDubai International School1.2 km

HospitalMedcare Orthopaedics & Spine Hospital2.4 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 2

…

Studio on Floor 2, Safeer Tower 1

Size
Record: Apr 2015 to Jul 2026
Owners: 4
Tenants: 6
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
6Tenant 6	31 Jul 2026		Owner 4
5Tenant 5	28 Apr 2025	12 mo	Owner 4
4Tenant 4	20 Jan 2024	13 mo	Owner 4
3Tenant 3	17 Jan 2024	12 mo	Owner 4
4Owner 4	4 Jan 2024	2.8 yrs	Current owner Transferred without a registered sale
2Tenant 2	5 Nov 2021	12 mo	Owner 3
1Tenant 1	10 Sep 2020	14 mo	Owner 3
3Owner 3	22 Jul 2020	3.5 yrs
2Owner 2	10 Jul 2018	2.0 yrs
1Owner 1	12 Apr 2015	3.2 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

Studio · Floor 2 · Safeer Tower 1

Nightly rateAED

Occupancy (237 nights)

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Safeer Tower 11,291AED/sqft · project-wide

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	PIX© Rent /yr	Yield
PIX© Core Project-Wide 426 - 4,956 sqft	176	969K	1,291	↑2.2%	74K	7.7%
Residential
Studio · Apartment 426 - 601 sqft	86
1 Bed · Apartment 852 - 1,011 sqft	54
2 Bed · Apartment 1,501 - 1,583 sqft	28
Penthouse · Apartment 4,933 - 4,956 sqft	2	-	-	-	-
Commercial
Shop 564 - 971 sqft	6	-	-	-

Sales - Project-Wide275 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
24 Jul 2026	1 Bed	Safeer Tower 1 · Floor 9	857	1,050,000	1,225	+5.0%	Standard	Standard Sale
29 Jun 2026	1 Bed	Safeer Tower 1 · Floor 12	961	1,060,000	1,104	+12.8%	Standard	Standard Sale
23 Jun 2026	Studio	Safeer Tower 1 · Floor 7	457	640,000	1,400	+45.5%	Standard	Standard Sale

Rentals - Project-Wide1,006 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
2 Aug 2027	Studio	Safeer Tower 1 · Floor 3	427	59,337	139	-	Standard	CONTRACT
5 Nov 2026	Studio	Safeer Tower 1 · Floor 2	429	45,000	105	-	Entry Level	CONTRACT
1 Nov 2026	Studio	Safeer Tower 1 · Floor 1	445	48,000	108	-	Entry Level	CONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Safeer Tower 1

Compared with

Tower D

PIX© PSF

1,247

Rank

#34 of 39

#33 of 39

Typical price

999K

Yield

7.6%

Units

176

399

Sales

163

Rents

413

880

Developer

ALSEEB REAL ESTATE DEVELOPMENT L.L.C

DAMAC

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Ontario Tower ROSE HOMES INVESTMENT (L.L.C) · Completed	300					192	9,922
	Fairview Residency DEYAAR DEVELOPMENT (P.J.S.C) · Completed	182					55	423
	Clayton Residency DEYAAR DEVELOPMENT (P.J.S.C) · Completed	173					54	374
	Mayfair Tower DEYAAR DEVELOPMENT (P.J.S.C) · Completed	224					81	508
	Tower D DAMAC · Completed	399					163	880
34	Safeer Tower 1 ALSEEB REAL ESTATE DEVELOPMENT L.L.C · Completed	176	1,247	Subject	999K	7.6%	73	413
	Park Central DAMAC · Completed	146					91	357
	Ubora Tower 1 BANDO ENGINEERING & CONSTRUCTION CO LTD - DUBAI BRANCH · Completed	225					95	412
	Ubora Towers BANDO ENGINEERING & CONSTRUCTION CO LTD - DUBAI BRANCH · Completed	429					100	680
	Scala Tower AL MADAR INVESTMENT (L.L.C) · Completed	213					146	393
	Capital Bay Tower B DAMAC · Completed	163					92	471

Community median 1,603 AED/sqft. Showing the closest-ranked peers of 39 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 56 excluded for trading only in the off-plan market. 21 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Tower DAED 1,297/sqft
Mayfair TowerAED 1,317/sqft
Clayton ResidencyAED 1,326/sqft
Park CentralAED 1,231/sqft
Ubora Tower 1AED 1,217/sqft
Ubora TowersAED 1,217/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 1,291 per sqft, or about AED 968,561 for a typical unit, based on 275 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.

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 7.7% gross, calculated from current PIX© rent against current PIX© sale price, across 1,006 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 risen +2.2% over the last 12 months, to AED 1,291, across 275 registered sales.