Safeer Tower 2 in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Rents in Safeer Tower 2

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	45	1,322	59,500
1	87	1,103	96,000
2	136	846	115,000

The cap rate (rental yield) of investments into Safeer Tower 2 project is 6.8% on average.

The price of an apartment in Safeer Tower 2 is 15,508 AED/sqm on average.

The long term rent of an apartment in Safeer Tower 2 is 1,054 AED/sqm/year on average.

Rent for Studio apartment in Safeer Tower 2 is 59,500 AED or 1,322 AED/sqm.
Rent for 1 bedroom apartment in Safeer Tower 2 is 96,000 AED or 1,103 AED/sqm.
Rent for 2 bedroom apartment in Safeer Tower 2 is 115,000 AED or 846 AED/sqm.

About Safeer Tower 2

'Safeer Tower 2' in 'Business Bay' area project description

Safeer Tower 2 is a residential and commercial development located in the heart of Dubai, UAE. The project is a joint venture between the Safeer Group and the Al Futtaim Group. The project comprises of two towers, one residential and one commercial, and a retail podium.

The residential tower is a 43-storey building with 1, 2, 3 and 4 bedroom apartments. The apartments have been designed with modern amenities and luxurious finishes. The apartments have balconies with views of the city skyline and the Dubai Creek. The commercial tower is a 37-storey building with offices, retail outlets and restaurants. The retail podium consists of a supermarket, food court, and other retail outlets.

The project is located in the Al Barsha area of Dubai, close to the Mall of the Emirates, Dubai Marina and Jumeirah Beach. It is also close to the Dubai International Airport, making it an ideal location for business and leisure.

The project has been designed to meet the highest standards of sustainability, with energy-efficient systems and green building materials. The towers have been designed to reduce energy consumption and water usage, and to reduce the carbon footprint of the project.

The project has been designed to provide a luxurious lifestyle for its residents. It features a variety of amenities such as a swimming pool, gym, spa, sauna, and a children’s play area. The project also has a 24-hour security system and CCTV cameras for added security.

Safeer Tower 2 is a modern and luxurious development that provides a comfortable and convenient lifestyle for its residents. It is a great investment opportunity for those looking for a modern and luxurious lifestyle in the heart of Dubai.

Q&A on Safeer Tower 2

What are the advantages of 'Safeer Tower 2' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Safeer Tower 2 is located in the heart of Dubai, close to major attractions such as the Dubai Mall, Burj Khalifa, and the Dubai Marina. This makes it an ideal location for real estate buyers looking for a convenient and central place to live.

2. Affordable Prices: Safeer Tower 2 offers competitive prices for its apartments, making it an attractive option for real estate buyers looking for a budget-friendly option.

3. High-end Amenities: The project offers a range of high-end amenities, such as a swimming pool, gym, and a concierge service. This makes it an ideal choice for those looking for a luxurious lifestyle.

4. Easy Accessibility: Safeer Tower 2 is easily accessible by public transport, making it convenient for residents to travel to and from the project.

5. Great Investment Opportunity: The project offers a great investment opportunity for real estate buyers, as it is expected to appreciate in value over time.

What projects are better than 'Safeer Tower 2' project in Dubai which are located close by, and why?

1. Executive Towers:
- Amenities: Multiple towers with shared facilities, including gyms, pools, and retail outlets.
- Location: Closer to the Business Bay metro station, offering better connectivity.
- Design: More modern architectural design with larger living spaces.

2. The Atria:
- Luxury: Offers both residential units and hotel apartments managed by Millenium Hotels, ensuring high service standards.
- Facilities: Infinity pool, spa, and top-notch restaurants within the complex.
- View: Panoramic views of the Dubai Water Canal and the Burj Khalifa.

3. Bay Square:
- Mixed-use: Combines residential, commercial, retail, and hospitality spaces within a pedestrian-friendly environment.
- Convenience: Located in a hub with easy access to numerous dining and shopping options without leaving the community.
- Work-Life Balance: Proximity to numerous offices and co-working spaces makes it ideal for professionals.

4. Paramount Tower Hotel & Residences:
- Brand Association: A project by DAMAC in association with Paramount Pictures, offering a unique Hollywood-themed lifestyle.
- Amenities: High-end amenities including a sky lobby, private screening rooms, and wellness centers.
- Investment Potential: Strong brand recognition can attract higher rental yields.

5. The Residences at Business Central:
- Developer Reputation: Developed by DAMAC, one of the leading developers in Dubai.
- Facilities: State-of-the-art amenities, including a rooftop swimming pool, lush landscaped gardens, and children’s play areas.
- Smart Home Features: Equipped with the latest smart home technologies.

6. The Oberoi Centre:
- Luxury: Offers high-end luxury apartments with access to five-star hotel services provided by The Oberoi.
- Dining and Entertainment: Numerous fine dining options and entertainment venues within the same complex.
- Professional Appeal: Home to many multinational companies, making it an attractive option for professionals working in the area.

Each of these projects has distinguishing features from strategic locations, luxurious amenities, to superior design and brand associations, often making them more appealing compared to Safeer Tower 2.