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2-bed · 1,250 sqftCapital Bay Towers 1, Business Bay · 7th floor · completed 2014

702, Capital Bay Towers 1

Sold prices and rental history: sold 3 times, last in October 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 22 February 2026
Last soldAED 1.5M9 October 2016
Current rentAED 120K /yr22 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Capital Bay Towers 1

What is 702 worth today?

Last sold for AED 1,500,000 in 2016

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22 Feb 2026RentedNew contract
AED 120,000/yr12 months · AED 96 per sqft
10 Feb 2025RentedRenewal
AED 122,000/yr12 months · AED 98 per sqft
10 Feb 2025RentedRenewal
AED 122,000/yr12 months · AED 98 per sqft
10 Feb 2024RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft
3 Apr 2018RentedNew contract
AED 110,000/yr12 months · AED 88 per sqft
9 Oct 2016SoldReady
AED 1,500,000AED 1,200 per sqft
3 Feb 2015SoldReady
AED 2,043,200AED 1,635 per sqft
28 Nov 2013Sold by developerOff-plan
AED 2,043,200AED 1,635 per sqft

Source: Dubai Land Department. Updated 22 February 2026.

Key facts

Type
2-bed apartment
Size
1,250 sqft
Floor
7th of 18
Parking
B2-64
Developer
DAMAC
Completed
2014
Last sold
AED 1.5M · October 2016
Building
Capital Bay Towers 1

About 702, Capital Bay Towers 1

702 is a two-bedroom apartment of 1,250 sqft on the 7th floor of Capital Bay Towers 1, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 9 October 2016 for AED 1,500,000, or AED 1,200 per sqft.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 22 February 2026, is AED 120,000 a year: a gross yield of 8.0% on the 2016 price.

Sales and rents for 702 over time

Sales
Unit 702, 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, November 2013: AED 2,043,200 (AED 1,635 per sqft)Sold, February 2015: AED 2,043,200 (AED 1,635 per sqft)Sold, October 2016: AED 1,500,000 (AED 1,200 per sqft)

702 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 702, 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, April 2018: AED 110,000 a yearNew contract, February 2024: AED 115,000 a yearRenewal, February 2025: AED 122,000 a yearRenewal, February 2025: AED 122,000 a yearNew contract, February 2026: AED 120,000 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 702 sits

All 44 2-beds →

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. 702's AED 120,000 is in the lower half 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 7th floor

All 176 units in Capital Bay Towers 1
Value
701StudioAED 788K · Aug 2026
703StudioAED 833K · Sep 2013
704StudioAED 1.07M · Feb 2015
7052-bedAED 3.51M · Jun 2015
706StudioAED 935K · Sep 2024
7071-bedAED 1.19M · Jul 2024
708StudioAED 850K · Jul 2016
1–7 of 9

702, Capital Bay Towers 1 in numbers

  • Sold 3 times: first on 28 November 2013 for AED 2,043,200, last on 9 October 2016 for AED 1,500,000 (AED 1,200 per sqft).
  • Rented since April 2018 on 5 Ejari contracts, from AED 110,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2016 price is 8.0%.
  • 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 22 February 2026.

Questions about 702, Capital Bay Towers 1

What did unit 702 last sell for?

AED 1,500,000 on 9 October 2016: AED 1,200 per sqft for 1,250 sqft. The unit has 3 registered sales; the first was AED 2,043,200 in November 2013.

What is the rent for unit 702?

AED 120,000 a year on the contract signed on 22 February 2026. The previous contract, from February 2025, was AED 122,000; the unit has been rented since April 2018.

How big is unit 702?

1,250 sqft (116.1 sqm): a two-bedroom apartment on the 7th floor of a 18-storey tower completed in 2014.

What is unit 702 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 702, Capital Bay Towers 1

Starts from the last sale price (AED 1.5M, 9 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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