706, Capital Bay Towers 1
Sold prices and rental history: sold 3 times, last in September 2024, 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 706, Capital Bay Towers 1
What is 706 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 541 sqft
- Floor
- 7th of 18
- Parking
- B2-68
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 935K · September 2024
- Building
- Capital Bay Towers 1
About 706, Capital Bay Towers 1
706 is a studio of 541 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 13 September 2024 for AED 935,000, or AED 1,728 per sqft, 33% above the AED 1,302 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 December 2025, is AED 40,000 a year: a gross yield of 4.3% on the 2024 price.
Sales and rents for 706 over time
706 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 706 sits
All 102 studios →706 last sold in September 2024 at AED 1,728 per sqft, 33% above what studios in Capital Bay Towers 1 were fetching at the time (AED 1,302). 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. 706's AED 40,000 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 64K /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 | |
| 704 | Studio | 638 sqft | AED 1.07MAED 1,074,150 · Feb 2015February 2015 | 56,000 /yr | |
| 705 | 2-bed | 1,948 sqft | AED 3.51MAED 3,505,518 · Jun 2015June 2015 | ||
| 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 |
706, Capital Bay Towers 1 in numbers
- Sold 3 times: first on 23 June 2013 for AED 962,500, last on 13 September 2024 for AED 935,000 (AED 1,728 per sqft).
- Rented since December 2017 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2020 and recovered to AED 40,000 by December 2025.
- At AED 40,000 a year the gross yield on the 2024 price is 4.3%.
- 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 1 December 2025.
Questions about 706, Capital Bay Towers 1
What did unit 706 last sell for?
AED 935,000 on 13 September 2024: AED 1,728 per sqft for 541 sqft. The unit has 3 registered sales; the first was AED 962,500 in June 2013.
What is the rent for unit 706?
AED 40,000 a year on the contract signed on 1 December 2025. The previous contract, from November 2024, was AED 56,000; the unit has been rented since December 2017.
How big is unit 706?
541 sqft (50.3 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 706 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 706, Capital Bay Towers 1
Starts from the last sale price (AED 935K, 13 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 935,000
- Deposit, UAE resident (20%)
- AED 187,000
- Deposit, non-resident (40%)
- AED 374,000
- Monthly over 25 years at 3.7%
- AED 3,825
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →