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2-bed · 1,361 sqftCapital Bay Towers 1, Business Bay · 16th floor · completed 2014

1609, Capital Bay Towers 1

Sold prices and rental history: sold 4 times, last in March 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 16 October 2026
Last soldAED 1.23M15 March 2022
Current rentAED 110K /yr16 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1609, Capital Bay Towers 1

What is 1609 worth today?

Last sold for AED 1,225,000 in 2022

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16 Oct 2026RentedRenewal
AED 110,000/yr12 months · AED 81 per sqft
15 Oct 2024RentedNew contract
AED 119,678/yr12 months · AED 88 per sqft
1 Oct 2023RentedNew contract
AED 115,000/yr12 months · AED 85 per sqft
6 Oct 2022RentedNew contract
AED 130,000/yr12 months · AED 96 per sqft
15 Mar 2022SoldReady
AED 1,225,000AED 900 per sqft
9 Sep 2021RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
1 Jul 2021RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
9 May 2021SoldReady
AED 1,000,000AED 734 per sqft

Source: Dubai Land Department. Updated 16 October 2026.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
16th of 18
Parking
B1-07
Developer
DAMAC
Completed
2014
Last sold
AED 1.23M · March 2022
Building
Capital Bay Towers 1

About 1609, Capital Bay Towers 1

1609 is a two-bedroom apartment of 1,361 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 15 March 2022 for AED 1,225,000, or AED 900 per sqft.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 16 October 2026, is AED 110,000 a year: a gross yield of 9.0% on the 2022 price.

Sales and rents for 1609 over time

Sales
Unit 1609, 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, June 2013: AED 2,222,400 (AED 1,633 per sqft)Sold, January 2015: AED 2,222,400 (AED 1,633 per sqft)Sold, May 2021: AED 1,000,000 (AED 734 per sqft)Sold, March 2022: AED 1,225,000 (AED 900 per sqft)

1609 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1609, each contractTypical two-bed in Capital Bay Towers 1
100K150K2015201920232027Typical 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, July 2021: AED 80,000 a yearNew contract, September 2021: AED 80,000 a yearNew contract, October 2022: AED 130,000 a yearNew contract, October 2023: AED 115,000 a yearNew contract, October 2024: AED 119,678 a yearRenewal, October 2026: AED 110,000 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 1609 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. 1609's AED 110,000 is in the lower half 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 62K /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
16022-bedAED 1.2M · Jan 2023
1603StudioAED 645K · Sep 2023
1604StudioAED 775K · Jan 2024
16051-bedAED 1.61M · Dec 2013
1606StudioAED 885K · Dec 2014
16071-bedAED 1.78M · Jan 2015
1–7 of 10

1609, Capital Bay Towers 1 in numbers

  • Sold 4 times: first on 23 June 2013 for AED 2,222,400, last on 15 March 2022 for AED 1,225,000 (AED 900 per sqft).
  • Rented since July 2021 on 6 Ejari contracts, from AED 80,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 9.0%.
  • 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 16 October 2026.

Questions about 1609, Capital Bay Towers 1

What did unit 1609 last sell for?

AED 1,225,000 on 15 March 2022: AED 900 per sqft for 1,361 sqft. The unit has 4 registered sales; the first was AED 2,222,400 in June 2013.

What is the rent for unit 1609?

AED 110,000 a year on the contract renewed on 16 October 2026. The previous contract, from October 2024, was AED 119,678; the unit has been rented since July 2021.

How big is unit 1609?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.

What is unit 1609 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 1609, Capital Bay Towers 1

Starts from the last sale price (AED 1.23M, 15 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,000
Deposit, UAE resident (20%)
AED 245,000
Deposit, non-resident (40%)
AED 490,000
Monthly over 25 years at 3.7%
AED 5,012

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