2-bed · 1,907 sqftFalcon Tower, Business Bay · 17th floor

1703, Falcon Tower

Sold prices and rental history: sold once, by the developer in April 2025, and rented once, from August 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 29 April 2025
Last soldAED 2.84M29 April 2025
Current rentAED 90K /yr15 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Falcon Tower

What is 1703 worth today?

Last sold for AED 2,841,633 in 2025

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29 Apr 2025Sold by developerReady
AED 2,841,633AED 1,489 per sqft
15 Aug 2021RentedRenewal
AED 90,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 29 April 2025.

Key facts

Type
2-bed apartment
Size
1,907 sqft
Floor
17th of 39
Parking
1
Service charge
AED 32,200 /yr
Last sold
AED 2.84M · April 2025
Building
Falcon Tower

About 1703, Falcon Tower

1703 is a two-bedroom apartment of 1,907 sqft on the 17th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 29 April 2025 for AED 2,841,633, or AED 1,489 per sqft, 6% above the AED 1,404 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2021. The current contract, renewed on 15 August 2021, is AED 90,000 a year: a gross yield of 3.2% on the 2025 price, before the service charge of about AED 32,200 a year.

Sales and rents for 1703 over time

Rents
Unit 1703, 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 115,500Renewal, August 2021: AED 90,000 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 1703 sits

All 77 2-beds →

1703 last sold in April 2025 at AED 1,489 per sqft, 6% above what two-beds in Falcon Tower were fetching at the time (AED 1,404). 1703's AED 90,000 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 17th floor

All 195 units in Falcon Tower
Value
17012-bedAED 2.84M · Apr 2025
17021-bedAED 1.66M · Apr 2025
17042-bedAED 2.74M · Apr 2025
17051-bedAED 1.78M · Apr 2025
17062-bedAED 2.74M · Apr 2025

1703, Falcon Tower in numbers

  • Sold once: by the developer on 29 April 2025 for AED 2,841,633, or AED 1,489 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2025 price is 3.2%, before a service charge of about AED 32,200 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 29 April 2025.

Questions about 1703, Falcon Tower

What did unit 1703 last sell for?

AED 2,841,633 on 29 April 2025, sold by the developer: AED 1,489 per sqft for 1,907 sqft. It is the only registered sale of the unit.

What is the rent for unit 1703?

AED 90,000 a year on the contract renewed on 15 August 2021.

How big is unit 1703?

1,907 sqft (177.2 sqm): a two-bedroom apartment on the 17th floor of a 39-storey tower.

What is unit 1703 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 1703, Falcon Tower

Starts from the last sale price (AED 2.84M, 29 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,841,633
Deposit, UAE resident (20%)
AED 568,327
Deposit, non-resident (40%)
AED 1,136,653
Monthly over 25 years at 3.7%
AED 11,626

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