704, Capital Bay Towers 1
Sold prices and rental history: sold twice, last in February 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Capital Bay Towers 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 25 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 638 sqft
- Floor
- 7th of 18
- Parking
- B2-66
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.07M · February 2015
- Building
- Capital Bay Towers 1
About 704, Capital Bay Towers 1
704 is a studio of 638 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 16 February 2015 for AED 1,074,150, or AED 1,683 per sqft, in line with the AED 1,729 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 25 July 2026, is AED 56,000 a year: a gross yield of 5.2% on the 2015 price.
Sales and rents for 704 over time
704 has sold twice; 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 704 sits
All 102 studios →704 last sold in February 2015 at AED 1,683 per sqft, in line with what studios in Capital Bay Towers 1 were fetching at the time (AED 1,729). 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. 704's AED 56,000 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 7th floor
All 176 units in Capital Bay Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 459 sqft | AED 788KAED 787,500 · Aug 2026August 2026 | 60,000 /yr | |
| 702 | 2-bed | 1,250 sqft | AED 1.5MAED 1,500,000 · Oct 2016October 2016 | 120,000 /yr | |
| 703 | Studio | 495 sqft | AED 833KAED 833,250 · Sep 2013September 2013 | 54,000 /yr | |
| 705 | 2-bed | 1,948 sqft | AED 3.51MAED 3,505,518 · Jun 2015June 2015 | ||
| 706 | Studio | 541 sqft | AED 935KAED 935,000 · Sep 2024September 2024 | 40,000 /yr | |
| 707 | 1-bed | 974 sqft | AED 1.19MAED 1,190,000 · Jul 2024July 2024 | 57,000 /yr | |
| 708 | Studio | 556 sqft | AED 850KAED 850,000 · Jul 2016July 2016 | 60,000 /yr | |
| 709 | 2-bed | 1,361 sqft | AED 1.72MAED 1,722,000 · Jul 2024July 2024 | 145,000 /yr | |
| 710 | Studio | 505 sqft | AED 650KAED 650,000 · Mar 2023March 2023 | 62,663 /yr |
704, Capital Bay Towers 1 in numbers
- Sold twice: first on 28 November 2013 for AED 1,074,150, last on 16 February 2015 for AED 1,074,150 (AED 1,683 per sqft).
- Rented since May 2017 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 45,000 in 2020 and recovered to AED 56,000 by July 2026.
- At AED 56,000 a year the gross yield on the 2015 price is 5.2%.
- 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 25 July 2026.
Questions about 704, Capital Bay Towers 1
What did unit 704 last sell for?
AED 1,074,150 on 16 February 2015: AED 1,683 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 1,074,150 in November 2013.
What is the rent for unit 704?
AED 56,000 a year on the contract renewed on 25 July 2026. The previous contract, from July 2025, was AED 56,156; the unit has been rented since May 2017.
How big is unit 704?
638 sqft (59.3 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 704 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 704, Capital Bay Towers 1
Starts from the last sale price (AED 1.07M, 16 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,074,150
- Deposit, UAE resident (20%)
- AED 214,830
- Deposit, non-resident (40%)
- AED 429,660
- Monthly over 25 years at 3.7%
- AED 4,395
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →