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Falcon Tower
by First Properties

Apartments with one, two or three bedrooms

AED 415 K Starting price
Ready Handover
Falcon Towerby First Properties

Buy an Apartment in Falcon Tower by First Properties, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 415,000
Location Business Bay
Developer The First Group
Handover Ready
Living Area 940 sq. ft. - 975 sq. ft.
Bedrooms 1-3 BR
ROI ~7%
Apartments

Falcon Tower is a delivered 41-storey residential high-rise on Sheikh Zayed Road, offering apartments with one, two or three bedrooms alongside a swimming pool, gymnasium, high-speed elevators and round-the-clock security.

Rising 162 m across 41 storeys in the Hadaeq Mohammed Bin Rashid sub-community, Falcon Tower is a straightforward residential address rather than a themed launch. Its value lies in its position and proportions. Buyers enter an occupied building where one-bedroom apartments provide 940 to 975 sq ft of covered area, while two-bedroom apartments begin at 1,850 sq ft. Floor-to-ceiling glazing frames the road frontage and the Downtown skyline beyond it. Kitchens are compactly planned, living areas are squared off for full-size furniture, and the verified layouts include two bathrooms; larger two-bedroom apartments can have a third. Shared facilities focus on wellness and security, with a sizeable gym, swimming pool, rooftop helipad and CCTV-monitored access. The building is also pet-friendly, an important practical point for owners and tenants comparing apartments in Business Bay.

Falcon Tower
About Falcon Tower

Overview of Falcon Tower

Falcon Tower combines large apartments, direct Sheikh Zayed Road frontage and nearby metro access in a completed high-rise. Resale asking prices move with the wider Business Bay market.

6–7.5%

ROI

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Community

Business Bay has evolved from a central business district into a mixed-use neighbourhood immediately south of Downtown Dubai. Apartment towers, offices, hotels and shops line the Dubai Canal and the main road corridors. The canal boardwalk gives the district its outdoor focus, drawing walkers and cyclists in the evening. Its central setting suits professionals working nearby, while larger apartments and access to schools, clinics and everyday retail also make the area practical for families.

Everyday shopping is covered by Choithrams, Spinneys, Carrefour Market and West Zone, while Bay Avenue serves as a neighbourhood hub. Clinics and pharmacies operate across the district. Mediclinic City Hospital is 9 minutes away by car. Nearby schools include Horizon English School, JESS Al Safa, Safa British School and Hartland International School. Business Bay Metro Station is 2 minutes away by car, and buses and water taxis also serve the area. Dubai International Airport is a 10 min drive.

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Interior

Light does most of the design work inside these apartments. Floor-to-ceiling windows run across the living areas, bringing the skyline and Sheikh Zayed Road into view, while the restrained palette keeps the outlook dominant. Rooms are squared and generously proportioned rather than shaped around decorative features, making them easier to furnish for a tenant or long-term owner. The 940 to 975 sq ft one-bedroom plans devote much of their area to usable space behind the glass.

Kitchens are well planned rather than showy: a worked-through sequence of counter, storage and appliance space that suits daily cooking instead of display. Two bathrooms come as standard across the building, and the larger two-bedroom apartments carry a third, which matters for families sharing space or for landlords letting to two professionals. Living areas open straight onto the glazed elevation, keeping circulation short between the entrance, the kitchen and the seating zone. High-speed elevators serve every floor, so arriving home is quick even from the upper levels.

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Infrastructure

Dining and daily errands are easy to combine around Falcon Tower. Bay Avenue provides a practical cluster of cafés and quick-service restaurants, while the wider district offers hotel dining, grills and a broad choice of international food. Choithrams, Spinneys, Carrefour Market and West Zone cover routine grocery shopping. Public parking immediately around the tower is limited, however, and finding a space can be inconvenient at busy times.

Leisure extends north towards Souk Al Bahar, Dubai Opera and The Dubai Mall, while the canal boardwalk runs through the district. Al Habtoor City adds hotels and the La Perle aqua theatre nearby. Clinics and pharmacies operate within Business Bay, and Mediclinic City Hospital is 9 minutes away by car. Business Bay Metro Station is a 2-minute drive, with bus stops also close to the building.

Overview

Curious what this address could return?

Amenities of Falcon Tower by First Properties

Facilities in the tower stay focused on wellness, secure access and the practical comfort of daily life for residents and their tenants.

Swimming pool

Swimming pool

Sizeable gymnasium

Sizeable gymnasium

24-hour security

24-hour security

High-speed elevators
Rooftop helipad
CCTV coverage
Pet-friendly building
Floor-to-ceiling glazing
Skyline and road views
Two bathrooms per apartment
Third bathroom in larger two-bedroom apartments
Well-planned kitchens

Gallery Falcon Tower

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Falcon Tower
About Us

Economic Attractiveness

Falcon Tower is attributed to First Properties, while its completed, occupied status supports an established resale market with registered title transfers.

Get Full Investment Details

ROI ~7%

Full-height glazing towards Downtown and the Sheikh Zayed Road corridor gives the apartments a view profile sought by Business Bay tenants. A sizeable gym, swimming pool and CCTV-backed security cover practical service needs. The nearby metro station, bus stops and direct road links support commuting, while Dubai International Airport is 10 minutes away by car. As the tower is complete, buyers avoid construction risk and purchase on the resale market using cash or a mortgage. Where an apartment is already tenanted, rental income passes to the new owner under the sale terms. Business Bay vacancy was below 6% in Q1 2026.

Across Business Bay, current asking prices start at AED 415,500 for a studio.
One-bedroom apartments start near AED 1.1 million, while two-bedroom apartments begin around AED 2 million. The district is designated freehold, allowing expatriates and non-residents to hold full title deeds without nationality restrictions.

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For Rent

Business Bay studios are advertised for rent from AED 42,999 a year. One-bedroom apartments average AED 95,000, while two-bedroom apartments average AED 140,000; canal views and higher floors can command more. Falcon Tower has no verified project-level yield, so the district range of 6–7.5% gross provides the relevant benchmark. Business Bay rents rose 18.5% during 2025, and Dubai does not tax rental income.

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For Living

Owner-occupiers get space that newer towers rarely match. One-bedroom apartments cover 940 to 975 sq ft, while two-bedroom apartments start at 1,850 sq ft. Squared living areas are easy to furnish, and glazing runs from floor to ceiling. Residents can use the gym and swimming pool before heading to the canal boardwalk after work. Groceries, clinics, cafés and Bay Avenue are all within the district. Nearby schools and direct links to Business Bay, Downtown Dubai and DIFC make daily routines easier, and pets are welcome in the building.

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For Resale

Resale prospects benefit from the depth of the surrounding Business Bay market. The district recorded more than AED 38.3 billion in sales during 2025, placing it among Dubai’s top three districts for apartment transaction volume. A further 2,659 sales worth about AED 11.1 billion closed from January through April 2026. This active buyer pool supports resale visibility for completed apartments. Purchases above AED 2 million may qualify for the 10-year Golden Visa, and Dubai applies no capital gains tax to a sale.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Developer of Falcon Tower

First Properties is the developer associated with Falcon Tower, a completed residential high-rise in Business Bay.

First Properties’ public portfolio is limited to Falcon Tower, so the completed building itself provides the clearest record of delivery. It rises 41 storeys to 162 m and contains occupied apartments served by a swimming pool, gymnasium, security and high-speed elevators. Registered title transfers confirm an active resale history. For buyers, the finished and tenanted building removes the construction and handover risks that a broader development record would otherwise need to address.

Location Falcon Tower by First Properties

The tower stands directly alongside Sheikh Zayed Road in the Hadaeq Mohammed Bin Rashid pocket of Business Bay, putting Burj Khalifa, The Dubai Mall, Souk Al Bahar and Dubai Opera within a few minutes to the north.

Sheikh Zayed Road is at the doorstep, with direct access towards Al Khail Road and Ras Al Khor Road. By car, The Dubai Mall is 4 minutes away, Souk Al Bahar 6 minutes and Burj Khalifa 7 minutes. The canal boardwalk and Al Habtoor City provide additional leisure options nearby.
Business Bay Metro Station is 2 minutes away by car, while Burj Khalifa/Dubai Mall Metro Station takes 3 minutes. Several bus stops are close to the entrance, and water taxis operate from the canal. Dubai International Airport is a 10 min drive. Mediclinic City Hospital can be reached in 9 minutes by car.

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Map → Location Falcon Tower by First Properties Icon Map PIN

Sights & Attractions

Burj Khalifa

icon 3 min

Souk Al Bahar

6 min

The Dubai Mall

4 min

Healthcare facilities

Aster Clinic

icon 7 min

Emirates Hospital Clinic

3 min

Mediclinic City Hospital

9 min

Educational institutions

Horizon English School

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Japanese School Dubai

7 min

Dubai Centre for Special Needs

8 min

Transportation

DXB Airport

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Business Bay Metro

2 min

Burj Khalifa/Dubai Mall Metro

3 min

General FAQs

Below are the questions buyers and tenants ask most often about this tower, its apartments and the surrounding district. If something you need is missing, our advisers are happy to talk it through and share current availability.

Ask a Question

What are the payment terms for a Falcon Tower purchase?

The tower is delivered and occupied, so no off-plan instalment schedule applies. A purchase follows the standard resale process and can be settled in cash or through a mortgage from a UAE lender. The 4% Dubai Land Department transfer fee is payable on registration, while residential purchases carry no 5% VAT. No current post-handover plan has been confirmed, so the price and terms are negotiated with the individual seller. Title transfers on completion, and any existing tenancy income then accrues to the new owner under the sale terms.

What is the average price of an apartment in Business Bay, Dubai?

Current asking prices across Business Bay average around AED 2,547 per sq ft. Entry pricing begins at AED 415,500 for a studio, while a one-bedroom apartment starts near AED 1.1 million and a two-bedroom apartment near AED 2 million. Larger apartments and those facing the canal can cost considerably more. In Falcon Tower, apartments reach the market as resales, so asking prices depend on the floor, orientation and condition of each apartment rather than a developer price list.

Is Business Bay a good area to live in?

Business Bay suits residents who prefer high-rise urban living. Its density puts dining, supermarkets, clinics, gyms and the canal boardwalk within a compact area. Commutes are short for people working in Business Bay, Downtown Dubai or DIFC, while the Red Line metro and direct road links cover journeys farther afield. The district attracts professionals and also serves families choosing larger apartments near schools and clinics. The main compromises are limited public parking around some towers and the need to travel beyond the district boundary for school.

How many bedrooms do the apartments in this tower have?

Falcon Tower contains apartments with one, two or three bedrooms, with no studios in the verified unit mix. One-bedroom apartments cover 940 to 975 sq ft, and two-bedroom apartments start at 1,850 sq ft. These dimensions provide more usable floor area than many newer apartments nearby. The verified layouts include two bathrooms, while larger two-bedroom apartments can have a third. Floor-to-ceiling glazing brings daylight and views into the living areas.

Which amenities and facilities does the building provide?

Residents share a swimming pool and a sizeable gymnasium, with high-speed elevators serving all 41 storeys. Security operates around the clock and is supported by CCTV coverage. A helipad sits at roof level, and the building is pet-friendly. Beyond the tower, the canal boardwalk, Bay Avenue and the district’s restaurants extend the everyday leisure offering. They can be reached on foot or within a short drive, depending on the destination.

What can an investor expect to earn from letting an apartment here?

No project-level yield has been verified for Falcon Tower, so the Business Bay range of 6–7.5% gross is the relevant district benchmark. District rents start at AED 42,999 a year for studios. One-bedroom apartments average AED 95,000, while two-bedroom apartments average AED 140,000; canal frontage and higher floors can command more. Business Bay rents rose 18.5% during 2025, and district vacancy was below 6% in Q1 2026. Dubai does not tax rental income.

Can foreign nationals buy an apartment in this tower?

Yes. Business Bay is a designated freehold district, so expatriates and non-resident foreign nationals may purchase with full title deed rights and no nationality restrictions. Ownership is registered with the Dubai Land Department in the buyer’s name. A purchase priced above AED 2 million may also qualify the buyer to apply for the UAE’s 10-year Golden Visa. Buyers active in the district include people from India, the UK, Russia, France and the wider Middle East.

Which schools and hospitals serve residents of the tower?

Schooling sits beyond the Business Bay boundary. Japanese School Dubai is 7 minutes away by car, while the Dubai Centre for Special Needs takes 8 minutes. The wider school cluster includes Horizon English School, JESS Al Safa, Safa British School, Hartland International School and Clarion School. Annual fees across these schools range from AED 14,700 to AED 99,500, and nearby nurseries include Path Montessori. Clinics and pharmacies operate within Business Bay. Mediclinic City Hospital in Dubai Healthcare City is 9 minutes away by car.
FAQs

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Falcon Tower
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Falcon Tower

Starting Price AED 415 K

Handover Ready