505, Falcon Tower
Sold prices and rental history: sold once, by the developer in April 2025, and rented continuously since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Falcon Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 30 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 946 sqft
- Floor
- 5th of 39
- Parking
- 1
- Service charge
- AED 16,000 /yr
- Last sold
- AED 1.41M · April 2025
- Building
- Falcon Tower
About 505, Falcon Tower
505 is a one-bedroom apartment of 946 sqft on the 5th floor of Falcon Tower, a 39-storey tower in Business Bay. The developer sold it on 30 April 2025 for AED 1,408,633, or AED 1,489 per sqft, 13% below the AED 1,712 one-beds in the building were fetching at the time.
It has been rented continuously since 2010 on 17 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 100,000 a year: a gross yield of 7.1% on the 2025 price, before the service charge of about AED 16,000 a year.
Sales and rents for 505 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 505 sits
All 38 1-beds →505 last sold in April 2025 at AED 1,489 per sqft, 13% below what one-beds in Falcon Tower were fetching at the time (AED 1,712). 505's AED 100,000 is at the bottom 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 5th floor
All 195 units in Falcon Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,888 sqft | AED 1.83MAED 1,829,633 · Apr 2025April 2025 | 115,500 /yr | |
| 502 | 1-bed | 946 sqft | AED 1.25MAED 1,249,633 · Apr 2025April 2025 | 115,763 /yr | |
| 503 | 2-bed | 1,907 sqft | AED 1.83MAED 1,834,633 · Apr 2025April 2025 | 125,000 /yr | |
| 504 | 2-bed | 1,888 sqft | AED 2.3MAED 2,303,633 · Apr 2025April 2025 | 110,250 /yr | |
| 506 | 2-bed | 1,954 sqft | AED 2.3MAED 2,303,633 · Apr 2025April 2025 | 110,250 /yr |
505, Falcon Tower in numbers
- Sold once: by the developer on 30 April 2025 for AED 1,408,633, or AED 1,489 per sqft.
- Rented since November 2010 on 17 Ejari contracts. The rent fell from AED 99,750 to AED 75,000 in 2022 and recovered to AED 100,000 by December 2024.
- At AED 100,000 a year the gross yield on the 2025 price is 7.1%, before a service charge of about AED 16,000 a year (AED 16.87 per sqft).
Source: Dubai Land Department. Updated 30 April 2025.
Questions about 505, Falcon Tower
What did unit 505 last sell for?
AED 1,408,633 on 30 April 2025, sold by the developer: AED 1,489 per sqft for 946 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 100,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 100,000; the unit has been rented since November 2010.
How big is unit 505?
946 sqft (87.9 sqm): a one-bedroom apartment on the 5th floor of a 39-storey tower.
What is unit 505 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 505, Falcon Tower
Starts from the last sale price (AED 1.41M, 30 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,408,633
- Deposit, UAE resident (20%)
- AED 281,727
- Deposit, non-resident (40%)
- AED 563,453
- Monthly over 25 years at 3.7%
- AED 5,763
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →