- Al Safeer Tower 2 is an under-construction residential building located in Business Bay.
- Safeer 2 is located next to the Canada Business Center (an office building also under-construction). The project is located right off the entrance of Business Bay from Al Khail Road. In 2015, the developer began selling apartments on an exceptional payment plan.
Properties & Payment-Plan
- As of June 2016 most of the project is sold out and only a handful of units are available for sale.
- Buyers had the option to purchase studio, 1 and 2 bedroom apartments on an exceptional payment-plan. 40% of the property value is payable between purchase and handover. 60% of the property value is payable over 3 years following handover (via monthly or quarterly installments).
- In Q2 2015, the following prices are available for limited stock available for sale directly from the developer:
Studio units have sizes ranging from 460 - 490 sq. ft. and are selling for between AED 813,000 - 890,000 (AED 1,695 - 1,830 psf)
1 Bedroom units have sizes ranging from 815 - 1,026 sq. ft. and are selling for between AED 1.28 - 1.55 million (AED 1,400 - 1,520 psf)
2 Bedroom units have sizes ranging from 1,464 - 1,607 sq. ft. and are selling for between AED 1.9 - 2.1 million (AED 1,315 psf)
Buyers would have to pay a 10% down-payment and the remaining 30% till completion. Following completion, the owner would pay the remaining 60% over 3 years on either monthly or quarterly installments.
Legal & Finance
Escrow Account Details
Account Title: SAFFER TOWER 2
Bank Name: NOOR BANK
Swift Code: NISLAEAD
Account Number: 001-10553200018
Developer Name: Al Seeb Real Estate Development
Developer Number: 1014