Home›Projects›SAFEER TOWER 1

SAFEER TOWER 1

by ALSEEB REAL ESTATE DEVELOPMENT L.L.C·BUSINESS BAYResidentialFreehold

Development & Handover Profile

✓ Handover Complete
Construction Progress100.0%
Project Start
Mar 1, 2014
Expected Handover
Jan 26, 2017
Total Units
176
Avg Unit Size
841 sqft
Freehold Ratio
100%
Escrow Agent
Noor Bank PJSC
Median Price
AED 858K
PSF
AED 1,273/sqft
Sales 12M
8
vs Area
-38.2%
Asset Turnover
ⓘ
4.5%
Liquidity (12M)

Physical Inventory Profile

Total Registered Units
176
Avg Unit Size
841 sqft
Studio
48.9%
1BR
30.7%
2BR
15.9%
Retail
3.4%
Penthouse
1.1%

Room Configuration

Unit TypeCountShare
Studio8648.9%
1BR5430.7%
2BR2815.9%
Retail63.4%
Penthouse21.1%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit TypeInventory ShareSales Share (12M)Demand IndexStatus
Studio50.6%
86 units
68.8%
11 sold
1.36🔥 HIGH DEMAND
1BR31.8%
54 units
25.0%
4 sold
0.79⚠️ LOW DEMAND
2BR16.5%
28 units
6.3%
1 sold
0.38⚠️ STAGNANT
Penthouse1.2%
2 units
0.0%
0 sold
—⚠️ STAGNANT

Recent Transactions

DateAreaProjectRoomsPricePSFStatusOwnership
24 Jul 2026
Published 27 Jul 2026
BUSINESS BAY1BRAED 1.05MAED 1,225/sqftReadyFreehold
29 Jun 2026
BUSINESS BAY1BRAED 1.06MAED 1,104/sqftReadyFreehold
23 Jun 2026
BUSINESS BAYStudioAED 640KAED 1,400/sqftReadyFreehold
2 Apr 2026
BUSINESS BAYStudioAED 600KAED 1,319/sqftReadyFreehold
30 Mar 2026
BUSINESS BAYStudioAED 665KAED 1,455/sqftReadyFreehold
9 Mar 2026
BUSINESS BAY1BRAED 1.18MAED 1,226/sqftReadyFreehold
25 Feb 2026
BUSINESS BAY2BRAED 1.60MAED 1,066/sqftReadyFreehold
9 Jan 2026
Published 12 Jan 2026
BUSINESS BAYStudioAED 655KAED 1,472/sqftReadyFreehold
25 Dec 2025
BUSINESS BAYStudioAED 640KAED 1,438/sqftReadyFreehold
18 Dec 2025
BUSINESS BAYStudioAED 740KAED 1,663/sqftReadyFreehold
27 Nov 2025
BUSINESS BAY1BRAED 1.08MAED 1,068/sqftReadyFreehold
13 Nov 2025
BUSINESS BAYStudioAED 655KAED 1,418/sqftReadyFreehold
9 Oct 2025
BUSINESS BAYStudioAED 650KAED 1,422/sqftReadyFreehold
2 Oct 2025
BUSINESS BAYStudioAED 699KAED 1,638/sqftReadyFreehold
24 Sep 2025
BUSINESS BAYStudioAED 700KAED 1,573/sqftReadyFreehold
3 Sep 2025
BUSINESS BAYStudioAED 660KAED 1,537/sqftReadyFreehold
11 Aug 2025
BUSINESS BAY2BRAED 1.50MAED 999/sqftReadyFreehold
23 Jul 2025
BUSINESS BAYStudioAED 720KAED 1,687/sqftReadyFreehold
15 Jul 2025
BUSINESS BAYStudioAED 660KAED 1,537/sqftReadyFreehold
11 Jul 2025
BUSINESS BAY2BRAED 1.46MAED 922/sqftReadyFreehold
16 Jun 2025
BUSINESS BAY2BRAED 1.48MAED 986/sqftReadyFreehold
23 May 2025
BUSINESS BAY2BRAED 1.60MAED 1,066/sqftReadyFreehold
16 May 2025
BUSINESS BAY1BRAED 963KAED 1,003/sqftReadyFreehold
13 May 2025
BUSINESS BAYStudioAED 660KAED 1,386/sqftReadyFreehold
6 Mar 2025
BUSINESS BAY2BRAED 1.57MAED 1,049/sqftReadyFreehold
5 Mar 2025
BUSINESS BAYStudioAED 750KAED 1,640/sqftReadyFreehold
18 Feb 2025
BUSINESS BAY1BRAED 1.00MAED 1,167/sqftReadyFreehold
22 Jan 2025
BUSINESS BAY1BRAED 940KAED 979/sqftReadyFreehold
23 Dec 2024
BUSINESS BAYStudioAED 680KAED 1,487/sqftReadyFreehold
19 Dec 2024
BUSINESS BAY1BRAED 920KAED 958/sqftReadyFreehold
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