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2-bed · 1,954 sqftFalcon Tower, Business Bay · 5th floor

506, 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 506 · DLD and Ejari recordsUpdated 30 April 2025
Last soldAED 2.3M30 April 2025
Current rentAED 110K /yr1 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Falcon Tower

What is 506 worth today?

Last sold for AED 2,303,633 in 2025

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30 Apr 2025Sold by developerReady
AED 2,303,633AED 1,179 per sqft
1 Apr 2025RentedRenewal
AED 110,250/yr12 months · AED 58 per sqft
1 Apr 2025RentedRenewal
AED 110,250/yr12 months · AED 58 per sqft
1 Apr 2024RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Apr 2023RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
7 Mar 2023RentedNew contract
AED 135,000/yr12 months · AED 73 per sqft
1 Apr 2022RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft
1 Apr 2021RentedRenewal
AED 105,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 30 April 2025.

Key facts

Type
2-bed apartment
Size
1,954 sqft
Floor
5th of 39
Parking
2
Service charge
AED 33,000 /yr
Last sold
AED 2.3M · April 2025
Building
Falcon Tower

About 506, Falcon Tower

506 is a two-bedroom apartment of 1,954 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 2,303,633, or AED 1,179 per sqft, 14% below the AED 1,375 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 17 Ejari contracts. The current contract, renewed on 1 April 2025, is AED 110,250 a year: a gross yield of 4.8% on the 2025 price, before the service charge of about AED 33,000 a year.

Sales and rents for 506 over time

Rents
Unit 506, each contractTypical two-bed in Falcon Tower
100K120K140K2010201520202025Typical 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, April 2011: AED 104,740 a yearRenewal, April 2012: AED 110,000 a yearRenewal, April 2013: AED 115,500 a yearRenewal, April 2014: AED 115,500 a yearRenewal, April 2015: AED 115,500 a yearRenewal, April 2016: AED 115,500 a yearRenewal, April 2017: AED 115,500 a yearRenewal, April 2018: AED 115,500 a yearRenewal, April 2019: AED 115,500 a yearRenewal, April 2020: AED 115,500 a yearRenewal, April 2021: AED 105,000 a yearRenewal, April 2022: AED 105,000 a yearNew contract, March 2023: AED 135,000 a yearRenewal, April 2023: AED 105,000 a yearRenewal, April 2024: AED 105,000 a yearRenewal, April 2025: AED 110,250 a yearRenewal, April 2025: AED 110,250 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 506 sits

All 77 2-beds →

506 last sold in April 2025 at AED 1,179 per sqft, 14% below what two-beds in Falcon Tower were fetching at the time (AED 1,375). 506's AED 110,250 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 5th floor

All 195 units in Falcon Tower
Value
5012-bedAED 1.83M · Apr 2025
5021-bedAED 1.25M · Apr 2025
5032-bedAED 1.83M · Apr 2025
5042-bedAED 2.3M · Apr 2025
5051-bedAED 1.41M · Apr 2025

506, Falcon Tower in numbers

  • Sold once: by the developer on 30 April 2025 for AED 2,303,633, or AED 1,179 per sqft.
  • Rented since April 2011 on 17 Ejari contracts, from AED 104,740 to AED 110,250 a year.
  • At AED 110,250 a year the gross yield on the 2025 price is 4.8%, before a service charge of about AED 33,000 a year (AED 16.87 per sqft).

Source: Dubai Land Department. Updated 30 April 2025.

Questions about 506, Falcon Tower

What did unit 506 last sell for?

AED 2,303,633 on 30 April 2025, sold by the developer: AED 1,179 per sqft for 1,954 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 110,250 a year on the contract renewed on 1 April 2025. The previous contract, from April 2025, was AED 110,250; the unit has been rented since April 2011.

How big is unit 506?

1,954 sqft (181.5 sqm): a two-bedroom apartment on the 5th floor of a 39-storey tower.

What is unit 506 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 506, Falcon Tower

Starts from the last sale price (AED 2.3M, 30 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,303,633
Deposit, UAE resident (20%)
AED 460,727
Deposit, non-resident (40%)
AED 921,453
Monthly over 25 years at 3.7%
AED 9,425

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