1603, Capital Bay Towers 1
Sold prices and rental history: sold 3 times, last in September 2023, 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 1603, Capital Bay Towers 1
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 495 sqft
- Floor
- 16th of 18
- Parking
- B2-163
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 645K · September 2023
- Building
- Capital Bay Towers 1
About 1603, Capital Bay Towers 1
1603 is a studio of 495 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 26 September 2023 for AED 645,000, or AED 1,302 per sqft, 13% above the AED 1,154 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 October 2025, is AED 60,000 a year: a gross yield of 9.3% on the 2023 price.
Sales and rents for 1603 over time
1603 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 1603 sits
All 102 studios →1603 last sold in September 2023 at AED 1,302 per sqft, 13% above what studios in Capital Bay Towers 1 were fetching at the time (AED 1,154). 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. 1603's AED 60,000 is in the upper 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 64K /yr
- Typical yield
- 7.2%
Other units on the 16th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 459 sqft | AED 750KAED 750,000 · Feb 2026February 2026 | 50,000 /yr | |
| 1602 | 2-bed | 1,250 sqft | AED 1.2MAED 1,200,000 · Jan 2023January 2023 | 74,000 /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 |
1603, Capital Bay Towers 1 in numbers
- Sold 3 times: first on 21 February 2013 for AED 975,100, last on 26 September 2023 for AED 645,000 (AED 1,302 per sqft).
- Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 36,500 in 2021 and recovered to AED 60,000 by October 2025.
- At AED 60,000 a year the gross yield on the 2023 price is 9.3%.
- 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 1 October 2025.
Questions about 1603, Capital Bay Towers 1
What did unit 1603 last sell for?
AED 645,000 on 26 September 2023: AED 1,302 per sqft for 495 sqft. The unit has 3 registered sales; the first was AED 975,100 in February 2013.
What is the rent for unit 1603?
AED 60,000 a year on the contract signed on 1 October 2025. The previous contract, from December 2024, was AED 65,000; the unit has been rented since July 2018.
How big is unit 1603?
495 sqft (46.0 sqm): a studio on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1603 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 1603, Capital Bay Towers 1
Starts from the last sale price (AED 645K, 26 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 645,000
- Deposit, UAE resident (20%)
- AED 129,000
- Deposit, non-resident (40%)
- AED 258,000
- Monthly over 25 years at 3.7%
- AED 2,639
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →