702, Falcon Tower
Sold prices and rental history: sold once, by the developer in February 2025, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Falcon Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 5 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 946 sqft
- Floor
- 7th of 39
- Parking
- 1
- Service charge
- AED 16,000 /yr
- Last sold
- AED 1.28M · February 2025
- Building
- Falcon Tower
About 702, Falcon Tower
702 is a one-bedroom apartment of 946 sqft on the 7th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 7 February 2025 for AED 1,279,633, or AED 1,353 per sqft, 23% below the AED 1,752 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 5 September 2025, is AED 110,000 a year: a gross yield of 8.6% on the 2025 price, before the service charge of about AED 16,000 a year.
Sales and rents for 702 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Falcon Tower, and where 702 sits
All 37 1-beds →702 last sold in February 2025 at AED 1,353 per sqft, 23% below what one-beds in Falcon Tower were fetching at the time (AED 1,752). 702's AED 110,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Apr 202530 April 2025 | 946 sqft | 1,249,633 | 1,321 | ||
| 30 Apr 202530 April 2025 | 946 sqft | 1,634,633 | 1,728 | ||
| 30 Apr 202530 April 2025 | 946 sqft | 1,557,633 | 1,647 | ||
| 30 Apr 202530 April 2025 | 946 sqft | 1,647,633 | 1,742 |
Falcon Tower
Building191 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
Other units on the 7th floor
All 191 units in Falcon Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,888 sqft | AED 2.34MAED 2,335,633 · Feb 2025February 2025 | 120,000 /yr | |
| 703 | 2-bed | 1,907 sqft | AED 2.34MAED 2,336,187 · Feb 2025February 2025 | 110,000 /yr | |
| 704 | 2-bed | 1,888 sqft | AED 2.78MAED 2,778,633 · Feb 2025February 2025 | 105,000 /yr | |
| 705 | 1-bed | 946 sqft | AED 1.58MAED 1,584,633 · Feb 2025February 2025 | 105,000 /yr | |
| 706 | 2-bed | 1,954 sqft | AED 2.78MAED 2,778,633 · Feb 2025February 2025 | 98,175 /yr |
702, Falcon Tower in numbers
- Sold once: by the developer on 7 February 2025 for AED 1,279,633, or AED 1,353 per sqft.
- Rented since July 2012 on 12 Ejari contracts. The rent fell from AED 130,000 to AED 60,000 in 2022 and recovered to AED 110,000 by September 2025.
- At AED 110,000 a year the gross yield on the 2025 price is 8.6%, before a service charge of about AED 16,000 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 5 September 2025.
Questions about 702, Falcon Tower
What did unit 702 last sell for?
AED 1,279,633 on 7 February 2025, sold by the developer: AED 1,353 per sqft for 946 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 110,000 a year on the contract renewed on 5 September 2025. The previous contract, from September 2024, was AED 110,000; the unit has been rented since July 2012.
How big is unit 702?
946 sqft (87.9 sqm): a one-bedroom apartment on the 7th floor of a 39-storey tower.
What is unit 702 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 702, Falcon Tower
Starts from the last sale price (AED 1.28M, 7 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,279,633
- Deposit, UAE resident (20%)
- AED 255,927
- Deposit, non-resident (40%)
- AED 511,853
- Monthly over 25 years at 3.7%
- AED 5,235
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →