2-bed · 1,948 sqftCapital Bay Towers 1, Business Bay · 15th floor · completed 2014

1505, Capital Bay Towers 1

Sold prices and rental history: sold once, by the developer in July 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 12 July 2016
Last soldAED 3.37M12 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1505, Capital Bay Towers 1

What is 1505 worth today?

Last sold for AED 3,374,096 in 2016

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12 Jul 2016Sold by developerReady
AED 3,374,096AED 1,732 per sqft

Source: Dubai Land Department. Updated 12 July 2016.

Key facts

Type
2-bed apartment
Size
1,948 sqft
Floor
15th of 18
Parking
B2-155
Developer
DAMAC
Completed
2014
Last sold
AED 3.37M · July 2016

About 1505, Capital Bay Towers 1

1505 is a two-bedroom apartment of 1,948 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 12 July 2016 for AED 3,374,096, or AED 1,732 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1505 over time

Sales
Unit 1505, each saleTypical two-bed in Capital Bay Towers 1
2M2012201620202024Typical sale price by year: 2012 AED 2,647,356; 2013 AED 2,044,000; 2014 AED 2,319,771; 2015 AED 2,222,400; 2016 AED 1,550,000; 2017 AED 1,600,000; 2020 AED 1,075,000; 2023 AED 1,285,000; 2024 AED 1,500,000; 2025 AED 1,495,000Sold by developer, July 2016: AED 3,374,096 (AED 1,732 per sqft)

1505 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1505, each contractTypical two-bed in Capital Bay Towers 1
100K150K20152018202120242027Typical rent by year: 2015 AED 140,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 105,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 75,000; 2022 AED 87,000; 2023 AED 95,000; 2024 AED 114,387; 2025 AED 126,500; 2026 AED 115,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Capital Bay Towers 1, and where 1505 sits

All 44 2-beds →

Over the last 12 months two-beds sold for AED 1,550,000 to 2,085,760, around AED 1,070 per sqft, and rent for AED 95,000 to 188,950 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jul 20262,075,200
16 Apr 20261,550,000
15 Dec 20252,085,760
2 Oct 20251,490,000
3 2-bed sales in the last 12 months

Capital Bay Towers 1

Building

176 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%
Capital Bay Towers 1, Business Bay: prices, sales and rents →

Other units on the 15th floor

All 176 units in Capital Bay Towers 1
Value
1501StudioAED 928K · Jun 2015
15022-bedAED 2.44M · Jan 2015
1503StudioAED 1.04M · Jun 2015
1504StudioAED 621K · Jun 2023
1506StudioAED 836K · Jul 2022
15071-bedAED 1.87M · Jan 2015
1508StudioAED 640K · Apr 2025
1–7 of 9

1505, Capital Bay Towers 1 in numbers

  • Sold once: by DAMAC on 12 July 2016 for AED 3,374,096, or AED 1,732 per sqft.
  • Two-beds in Capital Bay Towers 1 sold for AED 1,550,000–2,085,760 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 12 July 2016.

Questions about 1505, Capital Bay Towers 1

What did unit 1505 last sell for?

AED 3,374,096 on 12 July 2016, sold by the developer: AED 1,732 per sqft for 1,948 sqft. It is the only registered sale of the unit.

How big is unit 1505?

1,948 sqft (181.0 sqm): a two-bedroom apartment on the 15th floor of a 18-storey tower completed in 2014.

What is unit 1505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Capital Bay Towers 1 sold for AED 1,550,000 to 2,085,760 in the last 12 months, around AED 1,070 per sqft.

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Mortgage on 1505, Capital Bay Towers 1

Starts from the last sale price (AED 3.37M, 12 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,374,096
Deposit, UAE resident (20%)
AED 674,819
Deposit, non-resident (40%)
AED 1,349,638
Monthly over 25 years at 3.7%
AED 13,804

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