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1-bed · 946 sqftFalcon Tower, Business Bay · 15th floor

1502, Falcon Tower

Sold prices and rental history: sold once, by the developer in April 2025, and rented continuously since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 1 July 2026
Last soldAED 1.65M30 April 2025
Current rentAED 116K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Falcon Tower

What is 1502 worth today?

Last sold for AED 1,647,633 in 2025

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1 Jul 2026RentedRenewal
AED 115,500/yr12 months · AED 61 per sqft
1 Jul 2025RentedRenewal
AED 110,000/yr12 months · AED 58 per sqft
1 Jul 2025RentedRenewal
AED 110,000/yr12 months · AED 58 per sqft
30 Apr 2025Sold by developerReady
AED 1,647,633AED 1,742 per sqft
1 Jul 2024RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Jul 2023RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Feb 2023RentedRenewal
AED 65,000/yr12 months · AED 76 per sqft
1 Jun 2022RentedNew contract
AED 100,000/yr13 months · AED 53 per sqft

Source: Dubai Land Department. Updated 1 July 2026.

Key facts

Type
1-bed apartment
Size
946 sqft
Floor
15th of 39
Parking
1
Service charge
AED 16,000 /yr
Last sold
AED 1.65M · April 2025
Building
Falcon Tower

About 1502, Falcon Tower

1502 is a one-bedroom apartment of 946 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 1,647,633, or AED 1,742 per sqft, in line with the AED 1,712 one-beds in the building were fetching at the time.

It has been rented continuously since 2010 on 20 Ejari contracts. The current contract, renewed on 1 July 2026, is AED 115,500 a year: a gross yield of 7.0% on the 2025 price, before the service charge of about AED 16,000 a year.

Sales and rents for 1502 over time

Rents
Unit 1502, each contractTypical one-bed in Falcon Tower
50K100K150K2010201520202025Typical 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, October 2010: AED 115,500 a yearRenewal, October 2011: AED 115,500 a yearNew contract, October 2012: AED 135,000 a yearNew contract, October 2013: AED 150,000 a yearRenewal, October 2013: AED 135,000 a yearNew contract, December 2013: AED 150,000 a yearRenewal, October 2014: AED 150,000 a yearRenewal, October 2015: AED 150,000 a yearRenewal, October 2016: AED 150,000 a yearNew contract, October 2017: AED 150,000 a yearRenewal, October 2018: AED 125,000 a yearNew contract, February 2021: AED 100,000 a yearNew contract, January 2022: AED 65,000 a yearNew contract, June 2022: AED 100,000 a yearRenewal, February 2023: AED 65,000 a yearRenewal, July 2023: AED 105,000 a yearRenewal, July 2024: AED 105,000 a yearRenewal, July 2025: AED 110,000 a yearRenewal, July 2025: AED 110,000 a yearRenewal, July 2026: AED 115,500 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 1502 sits

All 38 1-beds →

1502 last sold in April 2025 at AED 1,742 per sqft, in line with what one-beds in Falcon Tower were fetching at the time (AED 1,712). 1502's AED 115,500 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 15th floor

All 195 units in Falcon Tower
Value
15012-bedAED 2.75M · Apr 2025
15032-bedAED 2.75M · Apr 2025
15042-bedAED 3.01M · Apr 2025
15051-bedAED 1.77M · Apr 2025
15062-bedAED 2.7M · Apr 2025

1502, Falcon Tower in numbers

  • Sold once: by the developer on 30 April 2025 for AED 1,647,633, or AED 1,742 per sqft.
  • Rented since October 2010 on 20 Ejari contracts. The rent fell from AED 115,500 to AED 65,000 in 2023 and recovered to AED 115,500 by July 2026.
  • At AED 115,500 a year the gross yield on the 2025 price is 7.0%, before a service charge of about AED 16,000 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 1 July 2026.

Questions about 1502, Falcon Tower

What did unit 1502 last sell for?

AED 1,647,633 on 30 April 2025, sold by the developer: AED 1,742 per sqft for 946 sqft. It is the only registered sale of the unit.

What is the rent for unit 1502?

AED 115,500 a year on the contract renewed on 1 July 2026. The previous contract, from July 2025, was AED 110,000; the unit has been rented since October 2010.

How big is unit 1502?

946 sqft (87.9 sqm): a one-bedroom apartment on the 15th floor of a 39-storey tower.

What is unit 1502 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 1502, Falcon Tower

Starts from the last sale price (AED 1.65M, 30 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,647,633
Deposit, UAE resident (20%)
AED 329,527
Deposit, non-resident (40%)
AED 659,053
Monthly over 25 years at 3.7%
AED 6,741

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