1602, 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 1602, Falcon Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 6 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 946 sqft
- Floor
- 16th of 39
- Parking
- 1
- Service charge
- AED 16,000 /yr
- Last sold
- AED 1.65M · April 2025
- Building
- Falcon Tower
About 1602, Falcon Tower
1602 is a one-bedroom apartment of 946 sqft on the 16th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 29 April 2025 for AED 1,647,633, or AED 1,742 per sqft, in line with the AED 1,752 one-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 19 Ejari contracts. The current contract, signed on 6 July 2026, is AED 140,000 a year: a gross yield of 8.5% on the 2025 price, before the service charge of about AED 16,000 a year.
Sales and rents for 1602 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 1602 sits
All 38 1-beds →1602 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 1,752). 1602's AED 140,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Apr 202530 April 2025 | 946 sqft | 1,770,633 | 1,872 | ||
| 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 |
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 16th floor
All 195 units in Falcon Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,888 sqft | AED 2.8MAED 2,796,633 · Apr 2025April 2025 | 110,000 /yr | |
| 1603 | 2-bed | 1,907 sqft | AED 2.8MAED 2,803,633 · Apr 2025April 2025 | 115,763 /yr | |
| 1604 | 2-bed | 1,888 sqft | AED 2.7MAED 2,697,633 · Apr 2025April 2025 | 105,000 /yr | |
| 1605 | 1-bed | 946 sqft | AED 1.77MAED 1,770,633 · Apr 2025April 2025 | 110,250 /yr | |
| 1606 | 2-bed | 1,954 sqft | AED 2.7MAED 2,697,633 · Apr 2025April 2025 | 112,045 /yr |
1602, Falcon Tower in numbers
- Sold once: by the developer on 29 April 2025 for AED 1,647,633, or AED 1,742 per sqft.
- Rented since April 2011 on 19 Ejari contracts. The rent fell from AED 103,950 to AED 65,000 in 2022 and recovered to AED 140,000 by July 2026.
- At AED 140,000 a year the gross yield on the 2025 price is 8.5%, before a service charge of about AED 16,000 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 6 July 2026.
Questions about 1602, Falcon Tower
What did unit 1602 last sell for?
AED 1,647,633 on 29 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 1602?
AED 140,000 a year on the contract signed on 6 July 2026. The previous contract, from November 2025, was AED 115,500; the unit has been rented since April 2011.
How big is unit 1602?
946 sqft (87.9 sqm): a one-bedroom apartment on the 16th floor of a 39-storey tower.
What is unit 1602 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 1602, Falcon Tower
Starts from the last sale price (AED 1.65M, 29 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 →