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2-bed · 1,888 sqftFalcon Tower, Business Bay · 15th floor

1501, Falcon Tower

Sold prices and rental history: sold once, by the developer in April 2025, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 2 May 2025
Last soldAED 2.75M30 April 2025
Current rentAED 110K /yr2 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Falcon Tower

What is 1501 worth today?

Last sold for AED 2,746,633 in 2025

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2 May 2025RentedRenewal
AED 110,000/yr12 months · AED 58 per sqft
30 Apr 2025Sold by developerReady
AED 2,746,633AED 1,455 per sqft
2 May 2024RentedRenewal
AED 110,000/yr12 months · AED 58 per sqft
21 Jul 2023RentedRenewal
AED 95,000/yr12 months · AED 52 per sqft
2 May 2023RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
22 Jul 2021RentedRenewal
AED 46,815/yr24 months · AED 25 per sqft
15 Mar 2019RentedRenewal
AED 125,000/yr12 months · AED 66 per sqft
15 Feb 2018RentedNew contract
AED 120,000/yr13 months · AED 63 per sqft

Source: Dubai Land Department. Updated 2 May 2025.

Key facts

Type
2-bed apartment
Size
1,888 sqft
Floor
15th of 39
Parking
1
Service charge
AED 31,800 /yr
Last sold
AED 2.75M · April 2025
Building
Falcon Tower

About 1501, Falcon Tower

1501 is a two-bedroom apartment of 1,888 sqft on the 15th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 30 April 2025 for AED 2,746,633, or AED 1,455 per sqft, 6% above the AED 1,375 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 14 Ejari contracts. The current contract, renewed on 2 May 2025, is AED 110,000 a year: a gross yield of 4.0% on the 2025 price, before the service charge of about AED 31,800 a year.

Sales and rents for 1501 over time

Rents
Unit 1501, each contractTypical two-bed in Falcon Tower
50K100K150K2010201520202025Typical rent by year: 2010 AED 115,765; 2011 AED 115,765; 2012 AED 115,400; 2013 AED 125,000; 2014 AED 127,300; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 134,400; 2018 AED 120,000; 2019 AED 115,000; 2020 AED 110,000; 2021 AED 100,000; 2022 AED 95,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 110,250; 2026 AED 115,763New contract, January 2011: AED 99,750 a yearNew contract, January 2012: AED 140,000 a yearRenewal, January 2013: AED 140,000 a yearRenewal, January 2014: AED 140,000 a yearRenewal, January 2015: AED 145,000 a yearRenewal, January 2016: AED 145,000 a yearNew contract, January 2017: AED 145,000 a yearNew contract, February 2018: AED 120,000 a yearRenewal, March 2019: AED 125,000 a yearRenewal, July 2021: AED 46,815 a yearRenewal, May 2023: AED 105,000 a yearRenewal, July 2023: AED 95,000 a yearRenewal, May 2024: AED 110,000 a yearRenewal, May 2025: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Falcon Tower, and where 1501 sits

All 74 2-beds →

1501 last sold in April 2025 at AED 1,455 per sqft, 6% above what two-beds in Falcon Tower were fetching at the time (AED 1,375). 1501's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Apr 20251,834,633
30 Apr 20251,814,633
30 Apr 20252,725,633
30 Apr 20252,234,633
0 2-bed sales in the last 12 months

Falcon Tower

Building

191 apartments, 1-bed to 3-bed over 39 floors in Business Bay. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 116K /yr
Typical yield
Falcon Tower, Business Bay: prices, sales and rents →

Other units on the 15th floor

All 191 units in Falcon Tower
Value
15021-bedAED 1.65M · Apr 2025
15032-bedAED 2.75M · Apr 2025
15042-bedAED 3.01M · Apr 2025
15062-bedAED 2.7M · Apr 2025

1501, Falcon Tower in numbers

  • Sold once: by the developer on 30 April 2025 for AED 2,746,633, or AED 1,455 per sqft.
  • Rented since January 2011 on 14 Ejari contracts. The rent fell from AED 99,750 to AED 46,815 in 2021 and recovered to AED 110,000 by May 2025.
  • At AED 110,000 a year the gross yield on the 2025 price is 4.0%, before a service charge of about AED 31,800 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 2 May 2025.

Questions about 1501, Falcon Tower

What did unit 1501 last sell for?

AED 2,746,633 on 30 April 2025, sold by the developer: AED 1,455 per sqft for 1,888 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 110,000 a year on the contract renewed on 2 May 2025. The previous contract, from May 2024, was AED 110,000; the unit has been rented since January 2011.

How big is unit 1501?

1,888 sqft (175.4 sqm): a two-bedroom apartment on the 15th floor of a 39-storey tower.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1501, Falcon Tower

Starts from the last sale price (AED 2.75M, 30 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,746,633
Deposit, UAE resident (20%)
AED 549,327
Deposit, non-resident (40%)
AED 1,098,653
Monthly over 25 years at 3.7%
AED 11,237

Plus AED 120,368 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →