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2-bed · 1,361 sqftCapital Bay Towers 1, Business Bay · 15th floor · completed 2014

1509, Capital Bay Towers 1

Sold prices and rental history: sold 3 times, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 23 May 2023
Last soldAED 1.29M23 May 2023
Current rentAED 75K /yr25 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1509, Capital Bay Towers 1

What is 1509 worth today?

Last sold for AED 1,285,000 in 2023

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23 May 2023SoldReady
AED 1,285,000AED 944 per sqft
3 Feb 2023SoldReady
AED 1,147,500AED 843 per sqft
25 May 2022RentedRenewal
AED 75,000/yr13 months · AED 55 per sqft
5 May 2021RentedNew contract
AED 75,000/yr13 months · AED 55 per sqft
27 May 2015Sold by developerReady
AED 2,584,000AED 1,898 per sqft

Source: Dubai Land Department. Updated 23 May 2023.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
15th of 18
Parking
B2-159
Developer
DAMAC
Completed
2014
Last sold
AED 1.29M · May 2023
Building
Capital Bay Towers 1

About 1509, Capital Bay Towers 1

1509 is a two-bedroom apartment of 1,361 sqft on the 15th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 23 May 2023 for AED 1,285,000, or AED 944 per sqft, in line with the AED 944 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 25 May 2022, is AED 75,000 a year: a gross yield of 5.8% on the 2023 price.

Sales and rents for 1509 over time

Sales
Unit 1509, each saleTypical two-bed in Capital Bay Towers 1
1M2M2012201620202024Typical 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, May 2015: AED 2,584,000 (AED 1,898 per sqft)Sold, February 2023: AED 1,147,500 (AED 843 per sqft)Sold, May 2023: AED 1,285,000 (AED 944 per sqft)

1509 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1509, 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 115,000New contract, May 2021: AED 75,000 a yearRenewal, May 2022: AED 75,000 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 Capital Bay Towers 1, and where 1509 sits

All 44 2-beds →

1509 last sold in May 2023 at AED 944 per sqft, in line with what two-beds in Capital Bay Towers 1 were fetching at the time (AED 944). 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. 1509's AED 75,000 is at the bottom of that range.

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
15052-bedAED 3.37M · Jul 2016
1506StudioAED 836K · Jul 2022
15071-bedAED 1.87M · Jan 2015
1–7 of 9

1509, Capital Bay Towers 1 in numbers

  • Sold 3 times: first on 27 May 2015 for AED 2,584,000, last on 23 May 2023 for AED 1,285,000 (AED 944 per sqft).
  • Rented since May 2021 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 5.8%.
  • 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 23 May 2023.

Questions about 1509, Capital Bay Towers 1

What did unit 1509 last sell for?

AED 1,285,000 on 23 May 2023: AED 944 per sqft for 1,361 sqft. The unit has 3 registered sales; the first was AED 2,584,000 in May 2015.

What is the rent for unit 1509?

AED 75,000 a year on the contract renewed on 25 May 2022. The previous contract, from May 2021, was AED 75,000.

How big is unit 1509?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 15th floor of a 18-storey tower completed in 2014.

What is unit 1509 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 1509, Capital Bay Towers 1

Starts from the last sale price (AED 1.29M, 23 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,285,000
Deposit, UAE resident (20%)
AED 257,000
Deposit, non-resident (40%)
AED 514,000
Monthly over 25 years at 3.7%
AED 5,257

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