308, Capital Bay Towers 1
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Capital Bay Towers 1
What is 308 worth today?
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Source: Dubai Land Department. Updated 1 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 555 sqft
- Floor
- 3rd of 18
- Parking
- B2-24
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.16M · August 2015
- Building
- Capital Bay Towers 1
About 308, Capital Bay Towers 1
308 is a studio of 555 sqft on the 3rd floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 27 August 2015 for AED 1,164,807, or AED 2,100 per sqft, 16% above the AED 1,807 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 62,000 a year: a gross yield of 5.3% on the 2015 price.
Sales and rents for 308 over time
308 has sold once; 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 308 sits
All 102 studios →308 last sold in August 2015 at AED 2,100 per sqft, 16% above what studios in Capital Bay Towers 1 were fetching at the time (AED 1,807). 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. 308's AED 62,000 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 62K /yr
- Typical yield
- 7.2%
Other units on the 3rd floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 459 sqft | AED 595KAED 595,000 · May 2024May 2024 | 65,000 /yr | |
| 302 | 2-bed | 1,250 sqft | AED 2.04MAED 2,043,200 · Feb 2015February 2015 | 100,800 /yr | |
| 303 | Studio | 495 sqft | AED 900KAED 900,200 · Feb 2015February 2015 | 54,000 /yr | |
| 304 | Studio | 637 sqft | AED 1.07MAED 1,074,150 · Jan 2015January 2015 | 65,000 /yr | |
| 305 | 2-bed | 1,948 sqft | AED 1.65MAED 1,650,000 · Dec 2023December 2023 | 85,000 /yr | |
| 306 | Studio | 540 sqft | AED 685KAED 685,000 · Dec 2024December 2024 | 68,000 /yr | |
| 307 | 1-bed | 977 sqft | AED 1.15MAED 1,150,000 · Nov 2023November 2023 | 90,243 /yr | |
| 309 | 2-bed | 1,361 sqft | AED 2.25MAED 2,247,700 · Feb 2015February 2015 | 120,000 /yr | |
| 310 | Studio | 515 sqft | AED 788KAED 788,000 · Nov 2016November 2016 | 52,500 /yr |
308, Capital Bay Towers 1 in numbers
- Sold once: by DAMAC on 27 August 2015 for AED 1,164,807, or AED 2,100 per sqft.
- Rented since September 2016 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 35,000 in 2021 and recovered to AED 62,000 by March 2026.
- At AED 62,000 a year the gross yield on the 2015 price is 5.3%.
- 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 March 2026.
Questions about 308, Capital Bay Towers 1
What did unit 308 last sell for?
AED 1,164,807 on 27 August 2015, sold by the developer: AED 2,100 per sqft for 555 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 62,000 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 56,000; the unit has been rented since September 2016.
How big is unit 308?
555 sqft (51.6 sqm): a studio on the 3rd floor of a 18-storey tower completed in 2014.
What is unit 308 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 308, Capital Bay Towers 1
Starts from the last sale price (AED 1.16M, 27 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,164,807
- Deposit, UAE resident (20%)
- AED 232,961
- Deposit, non-resident (40%)
- AED 465,923
- Monthly over 25 years at 3.7%
- AED 4,766
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →