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2-bed · 1,954 sqftFalcon Tower, Business Bay · 16th floor

1606, 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 1606 · DLD and Ejari recordsUpdated 20 August 2026
Last soldAED 2.7M29 April 2025
Current rentAED 112K /yr20 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1606, Falcon Tower

What is 1606 worth today?

Last sold for AED 2,697,633 in 2025

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20 Aug 2026RentedNew contract
AED 112,045/yr12 months · AED 59 per sqft
20 Jul 2026RentedRenewal
AED 115,500/yr12 months · AED 61 per sqft
20 Jul 2025RentedNew contract
AED 135,000/yr12 months · AED 71 per sqft
29 Apr 2025Sold by developerReady
AED 2,697,633AED 1,380 per sqft
13 Dec 2024RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
13 Dec 2023RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Oct 2023RentedRenewal
AED 94,500/yr12 months · AED 51 per sqft
13 Dec 2022RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 20 August 2026.

Key facts

Type
2-bed apartment
Size
1,954 sqft
Floor
16th of 39
Parking
2
Service charge
AED 33,000 /yr
Last sold
AED 2.7M · April 2025
Building
Falcon Tower

About 1606, Falcon Tower

1606 is a two-bedroom apartment of 1,954 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 1,380 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 21 Ejari contracts. The current contract, signed on 20 August 2026, is AED 112,045 a year: a gross yield of 4.2% on the 2025 price, before the service charge of about AED 33,000 a year.

Sales and rents for 1606 over time

Rents
Unit 1606, each contractTypical two-bed in Falcon Tower
100K150K2010201520202025Typical 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, June 2011: AED 108,150 a yearRenewal, June 2012: AED 113,560 a yearRenewal, June 2013: AED 119,200 a yearRenewal, June 2014: AED 125,200 a yearRenewal, June 2015: AED 135,200 a yearNew contract, July 2016: AED 158,000 a yearRenewal, July 2017: AED 158,000 a yearRenewal, July 2018: AED 130,000 a yearNew contract, September 2019: AED 120,000 a yearRenewal, October 2020: AED 100,000 a yearRenewal, October 2021: AED 110,505 a yearRenewal, December 2021: AED 100,000 a yearRenewal, October 2022: AED 90,000 a yearRenewal, December 2022: AED 100,000 a yearRenewal, October 2023: AED 94,500 a yearRenewal, December 2023: AED 105,000 a yearRenewal, December 2024: AED 105,000 a yearNew contract, July 2025: AED 135,000 a yearRenewal, July 2026: AED 115,500 a yearNew contract, August 2026: AED 112,045 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 1606 sits

All 77 2-beds →

1606 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 1,404). 1606's AED 112,045 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
16042-bedAED 2.7M · Apr 2025
16051-bedAED 1.77M · Apr 2025

1606, Falcon Tower in numbers

  • Sold once: by the developer on 29 April 2025 for AED 2,697,633, or AED 1,380 per sqft.
  • Rented since June 2011 on 21 Ejari contracts. The rent fell from AED 108,150 to AED 27,667 in 2019 and recovered to AED 112,045 by August 2026.
  • At AED 112,045 a year the gross yield on the 2025 price is 4.2%, before a service charge of about AED 33,000 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 20 August 2026.

Questions about 1606, Falcon Tower

What did unit 1606 last sell for?

AED 2,697,633 on 29 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 1606?

AED 112,045 a year on the contract signed on 20 August 2026. The previous contract, from July 2026, was AED 115,500; the unit has been rented since June 2011.

How big is unit 1606?

1,954 sqft (181.5 sqm): a two-bedroom apartment on the 16th floor of a 39-storey tower.

What is unit 1606 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 1606, 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 →