Dubai Land Department Off-Plan Register

Safeer Tower 1 Launch Prices

Off-plan in Business Bay · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

52 developer launch sales registered at Safeer Tower 1 between Feb 2015 and Feb 2017: 100% apartments, most commonly studio units, typically around 455 sqft.

Launch sales
52
DLD off-plan registrations, all time
Median launch /sqft
AED 1,653
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 625,0002,171,741
Min – max registered

Bed mix: Studio 73% · 1-bed 19% · 2-bed 8%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at Safeer Tower 1, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2015 Q16AED 1,670
2015 Q228AED 1,638
2015 Q38AED 1,675
2016 Q13AED 1,775
2016 Q33AED 1,680
2016 Q43AED 1,369
2017 Q11AED 1,711
Two different markets

Launch vs Resale

Safeer Tower 1 also has 109 ready-market resales registered with the DLD, the first on 1 June 2017 - 28 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
109
38 in the last 2 years
Resale median /sqft
AED 1,273
last 2 years
Resale vs launch
-23%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Safeer Tower 1 →

The latest launch sales

Recent Launch Registrations

Apartment · Studio
429 sqft · 23 February 2017
AED 733,620
AED 1,711 /sqft
Apartment · Studio
455 sqft · 29 November 2016
AED 760,850
AED 1,671 /sqft
Apartment · Studio
457 sqft · 24 November 2016
AED 625,000
AED 1,369 /sqft
Apartment · Studio
457 sqft · 24 November 2016
AED 625,000
AED 1,369 /sqft
Apartment · Studio
457 sqft · 15 August 2016
AED 761,520
AED 1,668 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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Other Off-Plan Projects in Business Bay

Off-plan in Business Bay

Compare this project with every other off-plan launch registered in Business Bay, or see the community's resale market.

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