Project
Safeer Tower 1
Safeer Tower 1 is an 18-storey office building in Business Bay, Dubai. A completed project of apartments in Business Bay, priced below the Business Bay median.
Small sample (8 sales): medians may move significantly with new data.
01 / Transactions
All Safeer Tower 1 transactions
02 / About
About Safeer Tower 1
Safeer Tower 1 is an 18-storey office building in Business Bay, Dubai.
Safeer Tower 1 at a glance
- Area
- Business Bay
- Developer
- Al Safeer Group and Al Seeb Real Estate Development
- Units
- The development contains a total of 232 units
- Unit layouts
- Safeer Tower 1 comprises a mix of studios, one- , and two-bedroom apartments
- Architect
- The architectural consultant was LACASA Architects & Engineering Consultants
- History
- The project occupies a plot of land that was initially intended for a different development, Newport Tower, which has since been cancelled
- Storeys
- 18 storeys
Homes, design and facilities
Facilities include a swimming pool, gymnasium, sauna room, high-speed elevators and 24-hour security.
- swimming pool
- gymnasium
- sauna room
- high-speed elevators
- 24-hour security
Getting around
- Dubai Mall
- 10 min
- Palm Jumeirah
- 18 min
- Burj Al Arab
- 17 min
- The Walk JBR
- 22 min
Travel times are approximate driving estimates reported by the source and vary with route and traffic.
Construction and handover
Construction began in March 2014. The estimated handover date was May 2016. The project was completed in Jan 2017.
- Construction Started
- March 2014
- Estimated Completion
- May 2016
- Construction Finished
- January 2017
Nearby neighbourhoods
- District One1.3 km
- Downtown Dubai2.2 km
- City Walk3.1 km
- Mohammed Bin Rashid City3.6 km
Safeer Tower 1 recorded 8 market sales from 9 Jan 2026 – 24 Jul 2026, at a median price of AED 857,500 (AED 1,273/sqft). Safeer Tower 1's median price per sqft (AED 1,273/sqft) is 48% below the Business Bay median (AED 2,458/sqft).
03 / Prices
Safeer Tower 1 prices by bedrooms
Median prices of market sales by number of bedrooms.
| Bedrooms | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
Studio | 4 | 647.5K AED | 1,427 | |
1 bedroom | 3 | 1.06M AED | 1,225 | |
2 bedrooms | 1 | 1.6M AED | 1,066 |
04 / Rents
Renting in Safeer Tower 1
Medians of the 4 market rents (one property, about a year) among 4 registered contracts. Gross yield: apartment rent per sqft against the sale price per sqft.
- Median rent / yr
- AED 53,800
- Per sqft / yr
- AED 101/sqft
- Gross yield
- —
Market pulse / weekly
Safeer Tower 1 price history
Weekly median of market sales (sales, mortgages and gifts are not mixed). Periods without sales are not shown.
Median sale price · AED
Registered market sales only
View data table
| Period | Sales | Median · AED | AED / sqft |
|---|---|---|---|
| Week of 5 Jan 2026Total AED 655,000 | 1 | AED 655,000 | AED 1,472/sqft |
| Week of 23 Feb 2026Total AED 1,600,000 | 1 | AED 1,600,000 | AED 1,066/sqft |
| Week of 9 Mar 2026Total AED 1,177,292 | 1 | AED 1,177,292 | AED 1,226/sqft |
| Week of 30 Mar 2026Total AED 1,265,000 | 2 | AED 632,500 | AED 1,387/sqft |
| Week of 22 Jun 2026Total AED 640,000 | 1 | AED 640,000 | AED 1,400/sqft |
| Week of 29 Jun 2026Total AED 1,060,000 | 1 | AED 1,060,000 | AED 1,104/sqft |
| Week of 20 Jul 2026Total AED 1,050,000 | 1 | AED 1,050,000 | AED 1,225/sqft |
05 / Nearby
Other projects in Business Bay
Ranked by number of market sales.
| Project | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
| 238 | 3.21M AED | 4,699 | ||
| 221 | 2.19M AED | 2,569 | ||
| 183 | 2.03M AED | 2,513 | ||
| 161 | 2.7M AED | 2,773 | ||
| 155 | 3.44M AED | 2,636 | ||
| 155 | 3.22M AED | 3,491 | ||
| 148 | 22.98M AED | 6,130 | ||
| 140 | 1.74M AED | 2,683 | ||
| 116 | 2.68M AED | 2,618 | ||
| 105 | 1.53M AED | 1,434 |
06 / Talk to us
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A registered project can include several buildings or phases, so these figures cover the whole project.