Safeer Tower 1 in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Safeer Tower 1

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	41	16,691	690,000

Rents in Safeer Tower 1

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	89	876	78,000
2	139	921	128,000

The cap rate (rental yield) of investments into Safeer Tower 1 project is 5.4% on average.

The price of an apartment in Safeer Tower 1 is 16,691 AED/sqm on average.

The long term rent of an apartment in Safeer Tower 1 is 904 AED/sqm/year on average.

Price for completed Studio apartment in Safeer Tower 1 is 690,000 AED or 16,691 AED/sqm.

Rent for 1 bedroom apartment in Safeer Tower 1 is 78,000 AED or 876 AED/sqm.
Rent for 2 bedroom apartment in Safeer Tower 1 is 128,000 AED or 921 AED/sqm.

About Safeer Tower 1

'Safeer Tower 1' in 'Business Bay' area project description

Safeer Tower 1 is an 18-storey premium residential tower in the heart of Business Bay, Dubai, completed in May 2017. Developed by Al Seeb Real Estate Development and Al Safeer Group, it houses 232 units including studios from 426 to 585 sq. ft., 1-bedroom apartments from 859 to 992 sq. ft., 2-bedroom units from 1,476 to 1,561 sq. ft., and 4-bedroom penthouses averaging 5,000 sq. ft.

Construction started on March 1, 2014, with registration on July 24, 2014, and handover achieved by August 29, 2017. The modern architecture emphasizes luxury finishes, featuring a grand lobby with marble flooring and four high-speed elevators for efficient access. Apartments include marble flooring throughout, district cooling systems, modular kitchen cabinets, mosaic-tiled bathrooms with premium sanitary ware, and washable emulsion paints for durability and style.

The layout spans 18 floors with a plot area of 13,751 sq. m., offering spacious, open-plan designs optimized for urban living. Units provide panoramic views of Business Bay's skyline, blending functionality with elegance.

Amenities elevate resident comfort with a landscaped swimming pool, panoramic fitness center gymnasium, kids' play area, 24-hour security, CCTV surveillance, covered parking, and concierge services. These facilities create a secure, resort-style environment within the bustling district.

Strategically located in Business Bay's Zone A (plot BB.A06.001), Safeer Tower 1 sits 0.6 km from Business Bay Metro Station, enabling quick connectivity via Dubai Metro Red Line. Major roads like Sheikh Zayed Road and Al Khail Road provide easy access to Dubai Mall (10 minutes by car), Dubai International Airport (17 minutes by car), supermarkets, parks, hospitals, and schools nearby. To reach the beach, drive 10-15 minutes southwest via Sheikh Zayed Road to Jumeirah Beach or Umm Suqeim Beach areas, or take the metro to World Trade Centre station and transfer to a taxi for JBR Beach (20-25 minutes total).

Nearby projects include Residence 110 (110 units, completed 2019), Park Central (120 units, completed 2014) in Business Bay, Avanti in Capital Bay (completed 2016), Sobha Ivory Tower 1 in Ubora Towers, and AG Tower (437 units, completed 2021). This positioning immerses residents in Business Bay's vibrant mix of commercial hubs, high-rises, and lifestyle destinations, ideal for professionals seeking connectivity and convenience.

Q&A on Safeer Tower 1

What projects are better than 'Safeer Tower 1' project in Dubai which are located close by, and why?

1. Paramount Towers by DAMAC: Offers luxurious amenities such as private screening rooms, wellness centers, and rooftop infinity pools, with a partnership with Paramount Pictures ensuring a Hollywood-inspired experience.

2. The Atria by Deyaar: Features both residential and hotel apartments, distinguished by an infinity pool, tennis courts, and a designer retail experience, ensuring a blend of lifestyle and convenience.

3. Churchill Towers: Known for its unique design and high-end facilities, including a health club, sauna, and children's play area, making it ideal for families.

4. The Executive Towers: A comprehensive mixed-use complex with residential, commercial, and retail spaces, complemented by landscaped gardens, a skate park, and direct access to Bay Avenue Mall.

5. Bay Square: Comprises low-rise buildings blending living, working, and shopping within a pedestrian-only zone, adding a unique community feel and convenience.

6. Westbury Tower: Provides high-quality residential and commercial units, with features such as high-speed elevators, a dedicated health club, and options for canal and city views.

7. Ubora Towers: Distinguished by its intelligent and eco-friendly design, offering smart home technology, advanced security systems, and luxurious apartment finishes.

8. Ontario Tower: Offers affordable yet high-quality office and residential spaces, with access to advanced fitness facilities, convenience stores, and proximity to the metro station.

9. The Opus by Omniyat: A landmark project designed by Zaha Hadid, offering unique architectural aesthetics, a blend of office spaces, residences, and a ME by Melia hotel, plus luxury dining options.

10. Mayfair Residences: Combines modern design with affordability, providing amenities like a temperature-controlled swimming pool, gym, and proximity to Business Bay metro station.

These projects offer superior amenities, unique architectural designs, and strategic locations enhancing lifestyle, business opportunities, and convenience in comparison to Safeer Tower 1.

What are the closest schools to 'Safeer Tower 1' project in Dubai?

Swiss International Scientific School (located in Al Jaddaf, Dubai Healthcare City Phase 2, approximately 15 minutes by car)
Jumeirah English Speaking School (located in Al Safa, approximately 20 minutes by car)
Gems Wellington Primary School (located in Al Satwa, Sheikh Zayed Road, approximately 15 minutes by car)
Hartland International School (located in Sobha Hartland, Mohammed Bin Rashid City, approximately 10 minutes by car)
Habtoor International School (located within a 10-15 minute driving distance in Al Habtoor City)

These are some of the nearest educational institutions to Safeer Tower 1 in the Business Bay area.