2-bed · 1,250 sqftCapital Bay Towers 1, Business Bay · 18th floor · completed 2014

1802, Capital Bay Towers 1

Sold prices and rental history: sold twice, last in January 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1802 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 2.04M20 January 2015
Current rentAED 83K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1802, Capital Bay Towers 1

What is 1802 worth today?

Last sold for AED 2,044,800 in 2015

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1 Aug 2022RentedRenewal
AED 82,500/yr12 months · AED 66 per sqft
1 Aug 2021RentedNew contract
AED 75,000/yr12 months · AED 60 per sqft
25 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 52 per sqft
1 Oct 2019RentedNew contract
AED 83,000/yr12 months · AED 66 per sqft
15 Sep 2018RentedNew contract
AED 100,000/yr12 months · AED 80 per sqft
1 Oct 2016RentedRenewal
AED 130,000/yr12 months · AED 104 per sqft
1 Oct 2015RentedNew contract
AED 130,000/yr12 months · AED 104 per sqft
20 Jan 2015SoldReady
AED 2,044,800AED 1,636 per sqft

Source: Dubai Land Department. Updated 1 August 2022.

Key facts

Type
2-bed apartment
Size
1,250 sqft
Floor
18th of 18
Parking
B1-21
Developer
DAMAC
Completed
2014
Last sold
AED 2.04M · January 2015

About 1802, Capital Bay Towers 1

1802 is a two-bedroom apartment of 1,250 sqft on the 18th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 20 January 2015 for AED 2,044,800, or AED 1,636 per sqft, in line with the AED 1,637 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 82,500 a year: a gross yield of 4.0% on the 2015 price.

Sales and rents for 1802 over time

Sales
Unit 1802, 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, October 2013: AED 2,044,800 (AED 1,636 per sqft)Sold, January 2015: AED 2,044,800 (AED 1,636 per sqft)

1802 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1802, 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, October 2015: AED 130,000 a yearRenewal, October 2016: AED 130,000 a yearNew contract, September 2018: AED 100,000 a yearNew contract, October 2019: AED 83,000 a yearNew contract, December 2020: AED 65,000 a yearNew contract, August 2021: AED 75,000 a yearRenewal, August 2022: AED 82,500 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 1802 sits

All 44 2-beds →

1802 last sold in January 2015 at AED 1,636 per sqft, in line with what two-beds in Capital Bay Towers 1 were fetching at the time (AED 1,637). 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. 1802's AED 82,500 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 62K /yr
Typical yield
7.2%
Capital Bay Towers 1, Business Bay: prices, sales and rents →

Other units on the 18th floor

All 176 units in Capital Bay Towers 1
Value
1801StudioAED 794K · Aug 2013
1803StudioAED 808K · Jan 2015
1804StudioAED 1.07M · Feb 2015
18051-bedAED 1.61M · Dec 2013
1806StudioAED 1.01M · Mar 2015
18071-bedAED 1.59M · Jan 2015
1808StudioAED 936K · Jan 2015
1–7 of 10

1802, Capital Bay Towers 1 in numbers

  • Sold twice: first on 8 October 2013 for AED 2,044,800, last on 20 January 2015 for AED 2,044,800 (AED 1,636 per sqft).
  • Rented since October 2015 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 65,000 in 2020 and recovered to AED 82,500 by August 2022.
  • At AED 82,500 a year the gross yield on the 2015 price is 4.0%.
  • 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 1 August 2022.

Questions about 1802, Capital Bay Towers 1

What did unit 1802 last sell for?

AED 2,044,800 on 20 January 2015: AED 1,636 per sqft for 1,250 sqft. The unit has 2 registered sales; the first was AED 2,044,800 in October 2013.

What is the rent for unit 1802?

AED 82,500 a year on the contract renewed on 1 August 2022. The previous contract, from August 2021, was AED 75,000; the unit has been rented since October 2015.

How big is unit 1802?

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

What is unit 1802 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 1802, Capital Bay Towers 1

Starts from the last sale price (AED 2.04M, 20 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,044,800
Deposit, UAE resident (20%)
AED 408,960
Deposit, non-resident (40%)
AED 817,920
Monthly over 25 years at 3.7%
AED 8,366

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