1203, Capital Bay Towers 1
Sold prices and rental history: sold twice, last in January 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Capital Bay Towers 1
What is 1203 worth today?
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Source: Dubai Land Department. Updated 28 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 495 sqft
- Floor
- 12th of 18
- Parking
- B2-119
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 808K · January 2015
- Building
- Capital Bay Towers 1
About 1203, Capital Bay Towers 1
1203 is a studio of 495 sqft on the 12th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 13 January 2015 for AED 808,000, or AED 1,632 per sqft, 6% below the AED 1,727 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 28 September 2026, is AED 50,000 a year: a gross yield of 6.2% on the 2015 price.
Sales and rents for 1203 over time
1203 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Capital Bay Towers 1, and where 1203 sits
All 102 studios →1203 last sold in January 2015 at AED 1,632 per sqft, 6% below what studios in Capital Bay Towers 1 were fetching at the time (AED 1,727). Over the last 12 months studios sold for AED 682,000 to 858,622, around AED 1,384 per sqft, and rent for AED 35,000 to 80,000 a year. 1203's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Aug 202614 August 2026 | 459 sqft | 787,500 | 1,715 | ||
| 20 Feb 202620 February 2026 | 569 sqft | 720,000 | 1,266 | ||
| 13 Feb 202613 February 2026 | 459 sqft | 750,000 | 1,634 | ||
| 9 Feb 20269 February 2026 | 505 sqft | 855,000 | 1,691 |
Capital Bay Towers 1
Building176 apartments, studios to 2-bed over 18 floors in Business Bay, completed in 2014 by DAMAC. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,347 Up 13.0%
- Typical sale
- AED 857K
- Typical rent
- AED 64K /yr
- Typical yield
- 7.2%
Other units on the 12th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | Studio | 459 sqft | AED 610KAED 610,000 · Aug 2024August 2024 | 42,000 /yr | |
| 1202 | 2-bed | 1,250 sqft | AED 1.4MAED 1,400,000 · Feb 2025February 2025 | 107,000 /yr | |
| 1204 | Studio | 638 sqft | AED 440KAED 440,000 · Jul 2020July 2020 | 60,000 /yr | |
| 1205 | 1-bed | 999 sqft | AED 1.61MAED 1,608,000 · Dec 2013December 2013 | ||
| 1206 | Studio | 541 sqft | AED 1.04MAED 1,039,500 · Jan 2015January 2015 | 52,500 /yr | |
| 1207 | 1-bed | 974 sqft | AED 1.13MAED 1,125,000 · Dec 2025December 2025 | 63,277 /yr | |
| 1208 | Studio | 556 sqft | AED 907KAED 907,200 · Oct 2013October 2013 | 65,000 /yr | |
| 1209 | 2-bed | 1,361 sqft | AED 1.54MAED 1,540,782 · Aug 2025August 2025 | 84,150 /yr | |
| 1210 | Studio | 505 sqft | AED 635KAED 635,294 · Dec 2024December 2024 | 35,000 /yr | |
| 1205A | 1-bed | 986 sqft | AED 1.63MAED 1,630,400 · Jan 2015January 2015 | 50,000 /yr |
1203, Capital Bay Towers 1 in numbers
- Sold twice: first on 8 October 2013 for AED 808,000, last on 13 January 2015 for AED 808,000 (AED 1,632 per sqft).
- Rented since August 2015 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 32,000 in 2020 and recovered to AED 50,000 by September 2026.
- At AED 50,000 a year the gross yield on the 2015 price is 6.2%.
- Studios in Capital Bay Towers 1 sold for AED 682,000–858,622 in the 12 months to November 2026; the building's median across all types is AED 1,347 per sqft.
Source: Dubai Land Department. Updated 28 September 2026.
Questions about 1203, Capital Bay Towers 1
What did unit 1203 last sell for?
AED 808,000 on 13 January 2015: AED 1,632 per sqft for 495 sqft. The unit has 2 registered sales; the first was AED 808,000 in October 2013.
What is the rent for unit 1203?
AED 50,000 a year on the contract signed on 28 September 2026. The previous contract, from September 2026, was AED 60,000; the unit has been rented since August 2015.
How big is unit 1203?
495 sqft (46.0 sqm): a studio on the 12th floor of a 18-storey tower completed in 2014.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Capital Bay Towers 1 sold for AED 682,000 to 858,622 in the last 12 months, around AED 1,384 per sqft.
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Mortgage on 1203, Capital Bay Towers 1
Starts from the last sale price (AED 808K, 13 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 808,000
- Deposit, UAE resident (20%)
- AED 161,600
- Deposit, non-resident (40%)
- AED 323,200
- Monthly over 25 years at 3.7%
- AED 3,306
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →