Al Seeb Real Estate Development
Looking at a distress sale or a motivated seller in a building by Al Seeb Real Estate Development? This guide covers the Business Bay developer behind Safeer Tower 1 and Safeer Tower 2, how below market resales arise in its completed apartments, and the title deed, NOC and service charge checks to complete before transfer.
Developer overview
Al Seeb Real Estate Development, which trades online as Alseeb Developers, is the company behind the Safeer Towers on Al Asayel Street in Business Bay. Its official site lists an office in Bay Square 2, Business Bay, and presents Safeer Tower 1 and Safeer Tower 2 in its portfolio.
DPF keeps a developer record for Al Seeb so buyers can find resale and distress opportunities across its buildings. The towers sit within the live Business Bay area page, and the Dubai city page shows cards across the emirate.
Safeer Tower 1
The developer describes Safeer Tower 1 as a finished and sold-out residential building of 170 apartments, ranging from studios to one and two-bedroom homes. Specifications listed include marble flooring throughout, district cooling, mosaic-tiled bathrooms, modular kitchen cabinets and a lobby served by four lifts.
Facilities in Tower 1
- Landscaped swimming pool and relaxation area
- Panoramic fitness centre and open-air gym
- Gardens described by the developer as miracle and butterfly gardens
- Children's playground
- Hotel-style drop-off area
- Individual parking with controlled access
- Security and CCTV
Safeer Tower 2
Safeer Tower 2 is the second building in the developer's portfolio on the same street. Buyers should read its own portfolio page and DLD record, as unit mix and facilities differ from Tower 1.
District cooling and running costs
District cooling, mentioned by the developer for Tower 1, means chilled water is bought from a provider and billed separately or through the service charge. Ask how cooling is billed for the unit, whether there are capacity charges, and whether any arrears are attached to it.
Finding distressed and below-market Al Seeb properties
Because Safeer Tower 1 is complete and sold out, all purchases are resales. Its studios and one-bedroom homes appeal to investors, who may sell when a tenancy ends, a mortgage reprices or they rebalance a portfolio. A motivated seller may accept a price below market, and an owner who bought at an earlier peak could accept a figure below original price.
DPF does not quote prices or certify listings as under value. Compare DLD-recorded sales for the same tower and layout, adjusting for floor, view towards the canal or Downtown, and condition.
Al Seeb-specific checks
Which tower
Tower 1 and Tower 2 are separate buildings with separate records. Confirm the tower on the title deed.
Cooling account
Request the district cooling statement and confirm a zero balance before transfer.
Parking access
The developer mentions individual parking with access control. Confirm the bay number on the title documents.
Building management
Ask whether the developer or an appointed company manages the building now, and how the owners association operates.
Investor-heavy stock
Many units are let. Read the Ejari and lease if buying with a tenant.
Location on Al Asayel Street
Al Asayel Street runs through the inner part of Business Bay, close to Bay Square, the canal-side promenade and routes to Sheikh Zayed Road and Al Khail Road. The developer highlights nearby supermarkets, a hospital, a university and a bus stop within short distances of Tower 1. For tenants without a car, those everyday conveniences make the building practical, which supports leasing.
Finishes ageing well
Marble flooring and mosaic-tiled bathrooms wear differently from vinyl or ceramic finishes. Inspect for cracked tiles, dull or stained marble and worn grout, and consider professional polishing as part of any refresh.
Lift capacity
The developer notes four lifts serving the residential floors. In a building of this size that is usually adequate, but ask residents about waiting times at rush hour.
Families in a compact building
Although most units are compact, the playground, gardens and pool make Tower 1 workable for small families. Ask current residents how busy the facilities get at weekends.
Due diligence before transfer
- Check the title deed matches the tower, floor and unit.
- Ask the seller to obtain the NOC confirming nothing is outstanding.
- Get the service charge statement and district cooling statement.
- Confirm the original payment plan was completed and the Oqood replaced by a title deed.
- Review any tenancy and its notice dates.
- Transfer at a registered trustee office, releasing any mortgage at the same appointment.
Condition
Look at kitchens, bathrooms and air-conditioning units. Budget for refresh work.
Bank valuation
Lenders value against registered sales in the building.
Short-stay letting
If the unit has been a holiday home, ask for the permit.
Comparing an Al Seeb resale with other Business Bay stock
Business Bay offers a wide choice of completed towers. Safeer Tower 1's compact layouts and facilities compete with many similar buildings, so compare service charges, cooling costs and outlook rather than headline figures alone. Nearby alternatives are on the Downtown Dubai area page and the DIFC area page.