1506, 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.
Property timeline for 1506, Falcon Tower
What is 1506 worth today?
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Source: Dubai Land Department. Updated 30 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,954 sqft
- Floor
- 15th of 39
- Parking
- 2
- Service charge
- AED 33,000 /yr
- Last sold
- AED 2.7M · April 2025
- Building
- Falcon Tower
About 1506, Falcon Tower
1506 is a two-bedroom apartment of 1,954 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 2,697,633, or AED 1,380 per sqft, in line with the AED 1,375 two-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 16 Ejari contracts. The current contract, renewed on 30 December 2025, is AED 115,500 a year: a gross yield of 4.3% on the 2025 price, before the service charge of about AED 33,000 a year.
Sales and rents for 1506 over time
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 1506 sits
All 77 2-beds →1506 last sold in April 2025 at AED 1,380 per sqft, in line with what two-beds in Falcon Tower were fetching at the time (AED 1,375). 1506's AED 115,500 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Apr 202530 April 2025 | 1,907 sqft | 1,834,633 | 961 | ||
| 30 Apr 202530 April 2025 | 1,888 sqft | 1,814,633 | 961 | ||
| 30 Apr 202530 April 2025 | 1,954 sqft | 2,725,633 | 1,395 | ||
| 30 Apr 202530 April 2025 | 1,888 sqft | 2,234,633 | 1,183 |
Falcon Tower
Building195 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 15th floor
All 195 units in Falcon Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,888 sqft | AED 2.75MAED 2,746,633 · Apr 2025April 2025 | 115,500 /yr | |
| 1502 | 1-bed | 946 sqft | AED 1.65MAED 1,647,633 · Apr 2025April 2025 | 115,500 /yr | |
| 1503 | 2-bed | 1,907 sqft | AED 2.75MAED 2,749,633 · Apr 2025April 2025 | 105,000 /yr | |
| 1504 | 2-bed | 1,888 sqft | AED 3.01MAED 3,006,633 · Apr 2025April 2025 | 115,763 /yr | |
| 1505 | 1-bed | 946 sqft | AED 1.77MAED 1,770,633 · Apr 2025April 2025 | 115,720 /yr |
1506, Falcon Tower in numbers
- Sold once: by the developer on 30 April 2025 for AED 2,697,633, or AED 1,380 per sqft.
- Rented since January 2011 on 16 Ejari contracts. The rent fell from AED 104,750 to AED 31,167 in 2020 and recovered to AED 115,500 by December 2025.
- At AED 115,500 a year the gross yield on the 2025 price is 4.3%, before a service charge of about AED 33,000 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 30 December 2025.
Questions about 1506, Falcon Tower
What did unit 1506 last sell for?
AED 2,697,633 on 30 April 2025, sold by the developer: AED 1,380 per sqft for 1,954 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 115,500 a year on the contract renewed on 30 December 2025. The previous contract, from December 2024, was AED 110,000; the unit has been rented since January 2011.
How big is unit 1506?
1,954 sqft (181.5 sqm): a two-bedroom apartment on the 15th floor of a 39-storey tower.
What is unit 1506 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 1506, Falcon Tower
Starts from the last sale price (AED 2.7M, 30 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,697,633
- Deposit, UAE resident (20%)
- AED 539,527
- Deposit, non-resident (40%)
- AED 1,079,053
- Monthly over 25 years at 3.7%
- AED 11,037
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →