406, Capital Bay Towers 1
Sold prices and rental history: sold once, by the developer in November 2013, 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 406, Capital Bay Towers 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 541 sqft
- Floor
- 4th of 18
- Parking
- B2-32
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 909K · November 2013
- Building
- Capital Bay Towers 1
About 406, Capital Bay Towers 1
406 is a studio of 541 sqft on the 4th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 28 November 2013 for AED 909,150, or AED 1,680 per sqft, 6% below the AED 1,786 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 15 October 2026, is AED 50,000 a year: a gross yield of 5.5% on the 2013 price.
Sales and rents for 406 over time
406 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 406 sits
All 102 studios →406 last sold in November 2013 at AED 1,680 per sqft, 6% below what studios in Capital Bay Towers 1 were fetching at the time (AED 1,786). 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. 406's AED 50,000 is in the lower 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 4th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 459 sqft | AED 580KAED 580,000 · Jul 2024July 2024 | 70,000 /yr | |
| 402 | 2-bed | 1,250 sqft | AED 2.04MAED 2,043,200 · Feb 2015February 2015 | 99,000 /yr | |
| 403 | Studio | 495 sqft | AED 670KAED 670,000 · Oct 2024October 2024 | 60,000 /yr | |
| 404 | Studio | 637 sqft | AED 1.07MAED 1,074,150 · Feb 2015February 2015 | 62,000 /yr | |
| 405 | 2-bed | 1,948 sqft | AED 2.08MAED 2,075,200 · Jul 2026July 2026 | 188,950 /yr | |
| 407 | 1-bed | 976 sqft | AED 1.67MAED 1,667,400 · Feb 2013February 2013 | 108,000 /yr | |
| 408 | Studio | 555 sqft | AED 700KAED 700,000 · Apr 2018April 2018 | 50,000 /yr | |
| 409 | 2-bed | 1,361 sqft | AED 1.38MAED 1,375,000 · Mar 2024March 2024 | 75,000 /yr | |
| 410 | Studio | 515 sqft | AED 433KAED 433,000 · Mar 2020March 2020 | 55,000 /yr |
406, Capital Bay Towers 1 in numbers
- Sold once: by DAMAC on 28 November 2013 for AED 909,150, or AED 1,680 per sqft.
- Rented since May 2018 on 9 Ejari contracts. The rent fell from AED 55,000 to AED 32,000 in 2021 and recovered to AED 50,000 by October 2026.
- At AED 50,000 a year the gross yield on the 2013 price is 5.5%.
- 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 15 October 2026.
Questions about 406, Capital Bay Towers 1
What did unit 406 last sell for?
AED 909,150 on 28 November 2013, sold by the developer: AED 1,680 per sqft for 541 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 50,000 a year on the contract signed on 15 October 2026. The previous contract, from April 2025, was AED 55,000; the unit has been rented since May 2018.
How big is unit 406?
541 sqft (50.3 sqm): a studio on the 4th floor of a 18-storey tower completed in 2014.
What is unit 406 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 406, Capital Bay Towers 1
Starts from the last sale price (AED 909K, 28 November 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 909,150
- Deposit, UAE resident (20%)
- AED 181,830
- Deposit, non-resident (40%)
- AED 363,660
- Monthly over 25 years at 3.7%
- AED 3,720
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →