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1-bed · 946 sqftFalcon Tower, Business Bay · 10th floor

1002, 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.

Unit 1002 · DLD and Ejari recordsUpdated 6 February 2025
Last soldAED 1.77M6 February 2025
Current rentAED 105K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Falcon Tower

What is 1002 worth today?

Last sold for AED 1,773,633 in 2025

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6 Feb 2025Sold by developerReady
AED 1,773,633AED 1,875 per sqft
1 Dec 2024RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Dec 2023RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Oct 2023RentedNew contract
AED 85,000/yr12 months · AED 100 per sqft
15 Jan 2023RentedRenewal
AED 65,625/yr12 months · AED 77 per sqft
1 Dec 2022RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
15 Jan 2022RentedNew contract
AED 62,500/yr12 months · AED 74 per sqft
1 Dec 2021RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 6 February 2025.

Key facts

Type
1-bed apartment
Size
946 sqft
Floor
10th of 39
Parking
1
Service charge
AED 16,000 /yr
Last sold
AED 1.77M · February 2025
Building
Falcon Tower

About 1002, Falcon Tower

1002 is a one-bedroom apartment of 946 sqft on the 10th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 6 February 2025 for AED 1,773,633, or AED 1,875 per sqft, in line with the AED 1,839 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 17 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 105,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 16,000 a year.

Sales and rents for 1002 over time

Rents
Unit 1002, each contractTypical one-bed in Falcon Tower
100K2010201520202025Typical rent by year: 2010 AED 101,325; 2011 AED 104,297; 2012 AED 109,512; 2013 AED 120,750; 2014 AED 125,000; 2015 AED 128,400; 2016 AED 128,400; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 115,000; 2020 AED 105,000; 2021 AED 100,000; 2022 AED 75,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 110,250; 2026 AED 115,763New contract, July 2012: AED 90,300 a yearRenewal, July 2013: AED 90,300 a yearRenewal, July 2014: AED 94,815 a yearRenewal, July 2015: AED 99,556 a yearNew contract, July 2016: AED 110,000 a yearRenewal, July 2017: AED 110,000 a yearRenewal, July 2018: AED 123,360 a yearNew contract, August 2018: AED 115,000 a yearRenewal, August 2019: AED 115,000 a yearNew contract, November 2020: AED 100,000 a yearRenewal, December 2021: AED 100,000 a yearNew contract, January 2022: AED 62,500 a yearRenewal, December 2022: AED 100,000 a yearRenewal, January 2023: AED 65,625 a yearNew contract, October 2023: AED 85,000 a yearRenewal, December 2023: AED 105,000 a yearRenewal, December 2024: AED 105,000 a year

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 1002 sits

All 38 1-beds →

1002 last sold in February 2025 at AED 1,875 per sqft, in line with what one-beds in Falcon Tower were fetching at the time (AED 1,839). 1002's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Apr 20251,770,633
30 Apr 20251,249,633
30 Apr 20251,634,633
30 Apr 20251,557,633
0 1-bed sales in the last 12 months

Falcon Tower

Building

195 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 10th floor

All 195 units in Falcon Tower
Value
10012-bedAED 2.47M · Feb 2025
10032-bedAED 2.48M · Feb 2025
10042-bedAED 2.61M · Feb 2025
10051-bedAED 1.74M · Feb 2025
10062-bedAED 2.61M · Feb 2025

1002, Falcon Tower in numbers

  • Sold once: by the developer on 6 February 2025 for AED 1,773,633, or AED 1,875 per sqft.
  • Rented since July 2012 on 17 Ejari contracts. The rent fell from AED 90,300 to AED 62,500 in 2022 and recovered to AED 105,000 by December 2024.
  • At AED 105,000 a year the gross yield on the 2025 price is 5.9%, before a service charge of about AED 16,000 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 6 February 2025.

Questions about 1002, Falcon Tower

What did unit 1002 last sell for?

AED 1,773,633 on 6 February 2025, sold by the developer: AED 1,875 per sqft for 946 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 105,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 105,000; the unit has been rented since July 2012.

How big is unit 1002?

946 sqft (87.9 sqm): a one-bedroom apartment on the 10th floor of a 39-storey tower.

What is unit 1002 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 1002, Falcon Tower

Starts from the last sale price (AED 1.77M, 6 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,773,633
Deposit, UAE resident (20%)
AED 354,727
Deposit, non-resident (40%)
AED 709,453
Monthly over 25 years at 3.7%
AED 7,256

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →