1503, Capital Bay Towers 1
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, Capital Bay Towers 1
What is 1503 worth today?
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Source: Dubai Land Department. Updated 28 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 495 sqft
- Floor
- 15th of 18
- Parking
- B2-153
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.04M · June 2015
- Building
- Capital Bay Towers 1
About 1503, Capital Bay Towers 1
1503 is a studio of 495 sqft on the 15th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 14 June 2015 for AED 1,037,400, or AED 2,095 per sqft, 17% above the AED 1,789 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 28 June 2026, is AED 55,000 a year: a gross yield of 5.3% on the 2015 price.
Sales and rents for 1503 over time
1503 has sold once; 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 1503 sits
All 102 studios →1503 last sold in June 2015 at AED 2,095 per sqft, 17% above what studios in Capital Bay Towers 1 were fetching at the time (AED 1,789). 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. 1503's AED 55,000 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 62K /yr
- Typical yield
- 7.2%
Other units on the 15th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 459 sqft | AED 928KAED 927,927 · Jun 2015June 2015 | 55,000 /yr | |
| 1502 | 2-bed | 1,250 sqft | AED 2.44MAED 2,436,820 · Jan 2015January 2015 | 110,000 /yr | |
| 1504 | Studio | 638 sqft | AED 621KAED 621,311 · Jun 2023June 2023 | 60,000 /yr | |
| 1505 | 2-bed | 1,948 sqft | AED 3.37MAED 3,374,096 · Jul 2016July 2016 | ||
| 1506 | Studio | 541 sqft | AED 836KAED 835,940 · Jul 2022July 2022 | 50,000 /yr | |
| 1507 | 1-bed | 974 sqft | AED 1.87MAED 1,874,299 · Jan 2015January 2015 | 72,600 /yr | |
| 1508 | Studio | 556 sqft | AED 640KAED 639,500 · Apr 2025April 2025 | 60,000 /yr | |
| 1509 | 2-bed | 1,361 sqft | AED 1.29MAED 1,285,000 · May 2023May 2023 | 75,000 /yr | |
| 1510 | Studio | 505 sqft | AED 735KAED 735,000 · Feb 2025February 2025 | 54,000 /yr |
1503, Capital Bay Towers 1 in numbers
- Sold once: by DAMAC on 14 June 2015 for AED 1,037,400, or AED 2,095 per sqft.
- Rented since September 2018 on 8 Ejari contracts. The rent fell from AED 72,000 to AED 36,000 in 2021 and recovered to AED 55,000 by June 2026.
- At AED 55,000 a year the gross yield on the 2015 price is 5.3%.
- 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 June 2026.
Questions about 1503, Capital Bay Towers 1
What did unit 1503 last sell for?
AED 1,037,400 on 14 June 2015, sold by the developer: AED 2,095 per sqft for 495 sqft. It is the only registered sale of the unit.
What is the rent for unit 1503?
AED 55,000 a year on the contract renewed on 28 June 2026. The previous contract, from June 2025, was AED 55,000; the unit has been rented since September 2018.
How big is unit 1503?
495 sqft (46.0 sqm): a studio on the 15th floor of a 18-storey tower completed in 2014.
What is unit 1503 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 1503, Capital Bay Towers 1
Starts from the last sale price (AED 1.04M, 14 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,037,400
- Deposit, UAE resident (20%)
- AED 207,480
- Deposit, non-resident (40%)
- AED 414,960
- Monthly over 25 years at 3.7%
- AED 4,244
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →