Safeer Tower 1

P1 — Delivered Ready Primary
Developer Al Seeb Real Estate Development
Community Business Bay
Property type Apartment
Data updated Apr 02, 2026

Safeer Tower 1 is a Delivered development by Al Seeb Real Estate Development in Business Bay. 170 units across Studio (51%), 1 Bedroom (32%), 2 Bedroom (16%). Over the trailing 12 months, 270 sales at a median of AED 700,000.

Key Metrics
Median Price
Value
AED 700,000
Change
23.9% YoY
Transactions
Value
270
Change
21 in period
Price / sqft
Value
AED 1,418
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 700,000
↓ 23.9% YoY
Transactions
270
↑ 21 in period
Price / sqft
AED 1,418
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
-3.2%
Holding Period
Value
4.9 yrs
Liquidity
Value
9.1%
Ready Market Mix
Value
0.0%
Rental Activity
Value
41.4%
Capital Return
-3.2%
Holding Period
4.9 yrs
Liquidity
9.1%
Ready Market Mix
0.0%
Rental Activity
41.4%

Rental Performance

Rental Volume
Value
904
Avg Annual Rent
Value
AED 70,233
New Leases
Value
72.0%
Renewals
Value
28.0%
Rental Volume
904
Avg Annual Rent
AED 70,233
New Leases
72.0%
Renewals
28.0%

Unit Mix

By bedroom type
Penthouse 2 units · 1%
Studio 86 units · 51%
1 Bedroom 54 units · 32%
2 Bedroom 28 units · 16%

Transaction Breakdown

All time — 270 transactions
Off-Plan Primary
49
Off-Plan Secondary
3
Ready Primary
121
Ready Secondary
97

Price History

Median Price — Safeer Tower 1

Median prices in Safeer Tower 1 have declined significantly, down 38% to AED 600K over the past 12 months.

Recent Transactions

Showing last 10 of 270
Date Type Price (AED) Size (sqft) AED/sqft
Apr 02, 2026 RP Secondary 600,000 454 1,319
Mar 30, 2026 RP Secondary 665,000 457 1,454
Mar 09, 2026 RP Secondary 1,177,292 960 1,226
Feb 25, 2026 RP Secondary 1,600,000 1,500 1,066
Jan 09, 2026 RP Secondary 655,000 444 1,471
Dec 25, 2025 RP Secondary 640,000 444 1,438
Dec 18, 2025 RP Secondary 740,000 444 1,662
Nov 27, 2025 RP Secondary 1,080,000 1,011 1,067
Nov 13, 2025 RP Secondary 655,000 461 1,417
Oct 09, 2025 RP Secondary 650,000 457 1,421

This project is in Business Bay

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