309, Capital Bay Towers 1
Sold prices and rental history: sold twice, last in February 2015, 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 309, Capital Bay Towers 1
What is 309 worth today?
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Source: Dubai Land Department. Updated 20 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,361 sqft
- Floor
- 3rd of 18
- Parking
- B2-25
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 2.25M · February 2015
- Building
- Capital Bay Towers 1
About 309, Capital Bay Towers 1
309 is a two-bedroom apartment of 1,361 sqft on the 3rd floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 16 February 2015 for AED 2,247,700, or AED 1,651 per sqft, in line with the AED 1,649 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 20 August 2026, is AED 120,000 a year: a gross yield of 5.3% on the 2015 price.
Sales and rents for 309 over time
309 has sold twice; the dashed line is the two-bed median of each year in the building.
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 309 sits
All 44 2-beds →309 last sold in February 2015 at AED 1,651 per sqft, in line with what two-beds in Capital Bay Towers 1 were fetching at the time (AED 1,649). 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. 309's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jul 202628 July 2026 | 1,948 sqft | 2,075,200 | 1,065 | ||
| 16 Apr 202616 April 2026 | 1,250 sqft | 1,550,000 | 1,240 | ||
| 15 Dec 202515 December 2025 | 1,948 sqft | 2,085,760 | 1,070 | ||
| 2 Oct 20252 October 2025 | 1,250 sqft | 1,490,000 | 1,192 |
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 | |
| 308 | Studio | 555 sqft | AED 1.16MAED 1,164,807 · Aug 2015August 2015 | 62,000 /yr | |
| 310 | Studio | 515 sqft | AED 788KAED 788,000 · Nov 2016November 2016 | 52,500 /yr |
309, Capital Bay Towers 1 in numbers
- Sold twice: first on 16 January 2013 for AED 2,247,700, last on 16 February 2015 for AED 2,247,700 (AED 1,651 per sqft).
- Rented since September 2018 on 8 Ejari contracts. The rent fell from AED 95,000 to AED 80,000 in 2020 and recovered to AED 120,000 by August 2026.
- At AED 120,000 a year the gross yield on the 2015 price is 5.3%.
- 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 20 August 2026.
Questions about 309, Capital Bay Towers 1
What did unit 309 last sell for?
AED 2,247,700 on 16 February 2015: AED 1,651 per sqft for 1,361 sqft. The unit has 2 registered sales; the first was AED 2,247,700 in January 2013.
What is the rent for unit 309?
AED 120,000 a year on the contract signed on 20 August 2026. The previous contract, from August 2025, was AED 110,000; the unit has been rented since September 2018.
How big is unit 309?
1,361 sqft (126.4 sqm): a two-bedroom apartment on the 3rd floor of a 18-storey tower completed in 2014.
What is unit 309 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 309, Capital Bay Towers 1
Starts from the last sale price (AED 2.25M, 16 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,247,700
- Deposit, UAE resident (20%)
- AED 449,540
- Deposit, non-resident (40%)
- AED 899,080
- Monthly over 25 years at 3.7%
- AED 9,196
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →