About Safeer Tower 1
Safeer Tower 1 is a residential building by Alseeb Real Estate Development, in Business Bay, Dubai. It rises 17 storeys (2 basement levels, a ground floor, 1 podium level and 15 floors), built as a concrete structure with internal and external finishes. The project comprises 176 homes.
Key information
Developer
Alseeb Real Estate Development
- Handover
- Q1 2017
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2014
- Number of buildings
- 1
- Number of units
- 176
- Registered with DLD
- 24 Jul 2014
- Escrow bank
- Noor Bank
- Escrow account no.
- 00110553180012
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2014
- Handed overQ1 2017
Construction progress
29 inspection photos from the Dubai Land Department. Latest 05 Feb 2017 at 100% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
4 Elevators
16 Floors
Retail & Shops
170 Residential Units
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
279
Median price
AED 791K
Median price / sqft
AED 1K-20%
Off-plan share
19%
Priced 17% below than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 139 | 447 sqft | AED 681K | AED 2K |
| 1 Bed | 86 | 940 sqft | AED 1.1M | AED 1K |
| 2 Bed | 45 | 1,539 sqft | AED 1.7M | AED 1K |
Price per sqft by year
-20% since 2015AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 27 Jul 2026 | Resale | 857 sqft | AED 1.1M | AED 1K |
| 29 Jun 2026 | Resale | 961 sqft | AED 1.1M | AED 1K |
| 23 Jun 2026 | Resale | 457 sqft | AED 640K | AED 1K |
| 02 Apr 2026 | Resale | 455 sqft | AED 600K | AED 1K |
| 30 Mar 2026 | Resale | 457 sqft | AED 665K | AED 1K |
| 09 Mar 2026 | Resale | 960 sqft | AED 1.2M | AED 1K |
| 25 Feb 2026 | Resale | 1,501 sqft | AED 1.6M | AED 1K |
| 12 Jan 2026 | Resale | 445 sqft | AED 655K | AED 1K |
Unit mix
176 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| PENTHOUSE | 2 | - |
| Studio | 86 | 427 - 601 sqft |
| 1 B/R | 54 | 852 - 1,011 sqft |
| 2 B/R | 28 | 1,501 - 1,583 sqft |
| Shop | 6 | - |
Payment plan
Payment plans are set by Alseeb Real and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Safeer Tower 1 has already been handed over (Q1 2017), according to Dubai Land Department records.
