408, Capital Bay Towers 1
Sold prices and rental history: sold 3 times, last in April 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Capital Bay Towers 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 555 sqft
- Floor
- 4th of 18
- Parking
- B2-35
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 700K · April 2018
- Building
- Capital Bay Towers 1
About 408, Capital Bay Towers 1
408 is a studio of 555 sqft on the 4th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 4 April 2018 for AED 700,000, or AED 1,262 per sqft, 13% below the AED 1,458 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 9 Ejari contracts. The current contract, signed on 15 September 2026, is AED 50,000 a year: a gross yield of 7.1% on the 2018 price.
Sales and rents for 408 over time
408 has sold 3 times; 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 408 sits
All 102 studios →408 last sold in April 2018 at AED 1,262 per sqft, 13% below what studios in Capital Bay Towers 1 were fetching at the time (AED 1,458). 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. 408'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 | |
| 406 | Studio | 541 sqft | AED 909KAED 909,150 · Nov 2013November 2013 | 50,000 /yr | |
| 407 | 1-bed | 976 sqft | AED 1.67MAED 1,667,400 · Feb 2013February 2013 | 108,000 /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 |
408, Capital Bay Towers 1 in numbers
- Sold 3 times: first on 10 June 2014 for AED 907,200, last on 4 April 2018 for AED 700,000 (AED 1,262 per sqft).
- Rented since November 2020 on 9 Ejari contracts, from AED 35,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2018 price is 7.1%.
- 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 September 2026.
Questions about 408, Capital Bay Towers 1
What did unit 408 last sell for?
AED 700,000 on 4 April 2018: AED 1,262 per sqft for 555 sqft. The unit has 3 registered sales; the first was AED 907,200 in June 2014.
What is the rent for unit 408?
AED 50,000 a year on the contract signed on 15 September 2026. The previous contract, from February 2026, was AED 66,000; the unit has been rented since November 2020.
How big is unit 408?
555 sqft (51.6 sqm): a studio on the 4th floor of a 18-storey tower completed in 2014.
What is unit 408 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 408, Capital Bay Towers 1
Starts from the last sale price (AED 700K, 4 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →