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2-bed · 1,250 sqftCapital Bay Towers 1, Business Bay · 16th floor · completed 2014

1602, Capital Bay Towers 1

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 25 January 2023
Last soldAED 1.2M25 January 2023
Current rentAED 74K /yr16 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Capital Bay Towers 1

What is 1602 worth today?

Last sold for AED 1,200,000 in 2023

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25 Jan 2023SoldReady
AED 1,200,000AED 960 per sqft
16 Nov 2021RentedRenewal
AED 74,000/yr12 months · AED 59 per sqft
16 Nov 2020RentedNew contract
AED 65,000/yr12 months · AED 52 per sqft
25 Apr 2019RentedRenewal
AED 100,000/yr12 months · AED 80 per sqft
25 Apr 2018RentedNew contract
AED 110,000/yr12 months · AED 88 per sqft
23 Feb 2015SoldReady
AED 2,041,600AED 1,633 per sqft
5 Mar 2013Sold by developerOff-plan
AED 2,041,600AED 1,633 per sqft

Source: Dubai Land Department. Updated 25 January 2023.

Key facts

Type
2-bed apartment
Size
1,250 sqft
Floor
16th of 18
Parking
B2-162
Developer
DAMAC
Completed
2014
Last sold
AED 1.2M · January 2023
Building
Capital Bay Towers 1

About 1602, Capital Bay Towers 1

1602 is a two-bedroom apartment of 1,250 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 25 January 2023 for AED 1,200,000, or AED 960 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 16 November 2021, is AED 74,000 a year: a gross yield of 6.2% on the 2023 price.

Sales and rents for 1602 over time

Sales
Unit 1602, 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, March 2013: AED 2,041,600 (AED 1,633 per sqft)Sold, February 2015: AED 2,041,600 (AED 1,633 per sqft)Sold, January 2023: AED 1,200,000 (AED 960 per sqft)

1602 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, 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, April 2018: AED 110,000 a yearRenewal, April 2019: AED 100,000 a yearNew contract, November 2020: AED 65,000 a yearRenewal, November 2021: AED 74,000 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 1602 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. 1602's AED 74,000 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 16th floor

All 176 units in Capital Bay Towers 1
Value
1601StudioAED 750K · Feb 2026
1603StudioAED 645K · Sep 2023
1604StudioAED 775K · Jan 2024
16051-bedAED 1.61M · Dec 2013
1606StudioAED 885K · Dec 2014
16071-bedAED 1.78M · Jan 2015
1608StudioAED 936K · Oct 2016
1–7 of 10

1602, Capital Bay Towers 1 in numbers

  • Sold 3 times: first on 5 March 2013 for AED 2,041,600, last on 25 January 2023 for AED 1,200,000 (AED 960 per sqft).
  • Rented since April 2018 on 4 Ejari contracts. The rent fell from AED 110,000 to AED 65,000 in 2020 and recovered to AED 74,000 by November 2021.
  • At AED 74,000 a year the gross yield on the 2023 price is 6.2%.
  • 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 25 January 2023.

Questions about 1602, Capital Bay Towers 1

What did unit 1602 last sell for?

AED 1,200,000 on 25 January 2023: AED 960 per sqft for 1,250 sqft. The unit has 3 registered sales; the first was AED 2,041,600 in March 2013.

What is the rent for unit 1602?

AED 74,000 a year on the contract renewed on 16 November 2021. The previous contract, from November 2020, was AED 65,000; the unit has been rented since April 2018.

How big is unit 1602?

1,250 sqft (116.1 sqm): a two-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.

What is unit 1602 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 1602, Capital Bay Towers 1

Starts from the last sale price (AED 1.2M, 25 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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