1601, Capital Bay Towers 1
Sold prices and rental history: sold 3 times, last in February 2026, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Capital Bay Towers 1
What is 1601 worth today?
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Source: Dubai Land Department. Updated 13 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 459 sqft
- Floor
- 16th of 18
- Parking
- B2-161
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 750K · February 2026
- Building
- Capital Bay Towers 1
About 1601, Capital Bay Towers 1
1601 is a studio of 459 sqft on the 16th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 13 February 2026 for AED 750,000, or AED 1,634 per sqft, 17% above the AED 1,393 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 June 2025, is AED 50,000 a year: a gross yield of 6.7% on the 2026 price.
Sales and rents for 1601 over time
1601 has sold 3 times; 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 1601 sits
All 102 studios →1601 last sold in February 2026 at AED 1,634 per sqft, 17% above what studios in Capital Bay Towers 1 were fetching at the time (AED 1,393). 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. 1601'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 | ||
| 9 Feb 20269 February 2026 | 505 sqft | 855,000 | 1,691 | ||
| 26 Dec 202526 December 2025 | 638 sqft | 858,622 | 1,345 |
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 16th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 2-bed | 1,250 sqft | AED 1.2MAED 1,200,000 · Jan 2023January 2023 | 74,000 /yr | |
| 1603 | Studio | 495 sqft | AED 645KAED 645,000 · Sep 2023September 2023 | 60,000 /yr | |
| 1604 | Studio | 638 sqft | AED 775KAED 775,000 · Jan 2024January 2024 | 50,000 /yr | |
| 1605 | 1-bed | 999 sqft | AED 1.61MAED 1,608,000 · Dec 2013December 2013 | 140,000 /yr | |
| 1606 | Studio | 541 sqft | AED 885KAED 884,800 · Dec 2014December 2014 | 59,000 /yr | |
| 1607 | 1-bed | 974 sqft | AED 1.78MAED 1,784,300 · Jan 2015January 2015 | 83,000 /yr | |
| 1608 | Studio | 556 sqft | AED 936KAED 935,550 · Oct 2016October 2016 | 64,000 /yr | |
| 1609 | 2-bed | 1,361 sqft | AED 1.23MAED 1,225,000 · Mar 2022March 2022 | 110,000 /yr | |
| 1610 | Studio | 505 sqft | AED 903KAED 903,000 · Feb 2015February 2015 | 45,000 /yr | |
| 1605A | 1-bed | 986 sqft | AED 1.63MAED 1,630,400 · Feb 2015February 2015 | 90,000 /yr |
1601, Capital Bay Towers 1 in numbers
- Sold 3 times: first on 5 March 2013 for AED 901,600, last on 13 February 2026 for AED 750,000 (AED 1,634 per sqft).
- Rented since April 2023 on 3 Ejari contracts, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2026 price is 6.7%.
- 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 13 February 2026.
Questions about 1601, Capital Bay Towers 1
What did unit 1601 last sell for?
AED 750,000 on 13 February 2026: AED 1,634 per sqft for 459 sqft. The unit has 3 registered sales; the first was AED 901,600 in March 2013.
What is the rent for unit 1601?
AED 50,000 a year on the contract renewed on 15 June 2025. The previous contract, from June 2024, was AED 50,000; the unit has been rented since April 2023.
How big is unit 1601?
459 sqft (42.6 sqm): a studio on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1601 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 1601, Capital Bay Towers 1
Starts from the last sale price (AED 750K, 13 February 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →