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2-bed · 1,888 sqftFalcon Tower, Business Bay · 16th floor

1604, 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.

Unit 1604 · DLD and Ejari recordsUpdated 15 November 2025
Last soldAED 2.7M29 April 2025
Current rentAED 105K /yr15 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1604, Falcon Tower

What is 1604 worth today?

Last sold for AED 2,697,633 in 2025

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15 Nov 2025RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
29 Apr 2025Sold by developerReady
AED 2,697,633AED 1,429 per sqft
15 Nov 2024RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
15 Nov 2023RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
1 Jan 2023RentedRenewal
AED 94,500/yr12 months · AED 51 per sqft
15 Nov 2022RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
1 Dec 2021RentedNew contract
AED 90,000/yr13 months · AED 49 per sqft
15 Nov 2021RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type
2-bed apartment
Size
1,888 sqft
Floor
16th of 39
Parking
1
Service charge
AED 31,800 /yr
Last sold
AED 2.7M · April 2025
Building
Falcon Tower

About 1604, Falcon Tower

1604 is a two-bedroom apartment of 1,888 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 2,697,633, or AED 1,429 per sqft, in line with the AED 1,404 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 15 November 2025, is AED 105,000 a year: a gross yield of 3.9% on the 2025 price, before the service charge of about AED 31,800 a year.

Sales and rents for 1604 over time

Rents
Unit 1604, each contractTypical two-bed in Falcon Tower
100K125K2010201520202025Typical rent by year: 2010 AED 112,833; 2011 AED 115,000; 2012 AED 115,400; 2013 AED 125,000; 2014 AED 127,450; 2015 AED 130,000; 2016 AED 133,000; 2017 AED 135,000; 2018 AED 120,000; 2019 AED 115,500; 2020 AED 110,000; 2021 AED 100,000; 2022 AED 100,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 110,250; 2026 AED 115,500New contract, September 2011: AED 130,000 a yearRenewal, July 2013: AED 135,000 a yearRenewal, July 2015: AED 140,000 a yearRenewal, July 2016: AED 140,000 a yearRenewal, July 2017: AED 140,000 a yearNew contract, November 2017: AED 140,000 a yearRenewal, November 2018: AED 120,000 a yearRenewal, November 2019: AED 120,000 a yearRenewal, November 2020: AED 100,000 a yearRenewal, November 2021: AED 100,000 a yearNew contract, December 2021: AED 90,000 a yearRenewal, November 2022: AED 100,000 a yearRenewal, January 2023: AED 94,500 a yearRenewal, November 2023: AED 100,000 a yearRenewal, November 2024: AED 100,000 a yearRenewal, November 2025: AED 105,000 a year

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 1604 sits

All 77 2-beds →

1604 last sold in April 2025 at AED 1,429 per sqft, in line with what two-beds in Falcon Tower were fetching at the time (AED 1,404). 1604's AED 105,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Apr 20251,834,633
30 Apr 20251,814,633
30 Apr 20252,725,633
30 Apr 20252,234,633
0 2-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 16th floor

All 195 units in Falcon Tower
Value
16012-bedAED 2.8M · Apr 2025
16021-bedAED 1.65M · Apr 2025
16032-bedAED 2.8M · Apr 2025
16051-bedAED 1.77M · Apr 2025
16062-bedAED 2.7M · Apr 2025

1604, Falcon Tower in numbers

  • Sold once: by the developer on 29 April 2025 for AED 2,697,633, or AED 1,429 per sqft.
  • Rented since September 2011 on 16 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2021 and recovered to AED 105,000 by November 2025.
  • At AED 105,000 a year the gross yield on the 2025 price is 3.9%, before a service charge of about AED 31,800 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 15 November 2025.

Questions about 1604, Falcon Tower

What did unit 1604 last sell for?

AED 2,697,633 on 29 April 2025, sold by the developer: AED 1,429 per sqft for 1,888 sqft. It is the only registered sale of the unit.

What is the rent for unit 1604?

AED 105,000 a year on the contract renewed on 15 November 2025. The previous contract, from November 2024, was AED 100,000; the unit has been rented since September 2011.

How big is unit 1604?

1,888 sqft (175.4 sqm): a two-bedroom apartment on the 16th floor of a 39-storey tower.

What is unit 1604 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 1604, Falcon Tower

Starts from the last sale price (AED 2.7M, 29 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 →