708, Capital Bay Towers 1
Sold prices and rental history: sold 3 times, last in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Capital Bay Towers 1
What is 708 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 22 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 556 sqft
- Floor
- 7th of 18
- Parking
- B2-70
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 850K · July 2016
- Building
- Capital Bay Towers 1
About 708, Capital Bay Towers 1
708 is a studio of 556 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 27 July 2016 for AED 850,000, or AED 1,527 per sqft, in line with the AED 1,527 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 22 January 2026, is AED 60,000 a year: a gross yield of 7.1% on the 2016 price.
Sales and rents for 708 over time
708 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 708 sits
All 102 studios →708 last sold in July 2016 at AED 1,527 per sqft, in line with what studios in Capital Bay Towers 1 were fetching at the time (AED 1,527). 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. 708's AED 60,000 is in the upper 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 | |
| 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 | ||
| 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 | |
| 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 |
708, Capital Bay Towers 1 in numbers
- Sold 3 times: first on 28 November 2013 for AED 935,550, last on 27 July 2016 for AED 850,000 (AED 1,527 per sqft).
- Rented since March 2016 on 8 Ejari contracts. The rent fell from AED 74,000 to AED 37,000 in 2021 and recovered to AED 60,000 by January 2026.
- At AED 60,000 a year the gross yield on the 2016 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 22 January 2026.
Questions about 708, Capital Bay Towers 1
What did unit 708 last sell for?
AED 850,000 on 27 July 2016: AED 1,527 per sqft for 556 sqft. The unit has 3 registered sales; the first was AED 935,550 in November 2013.
What is the rent for unit 708?
AED 60,000 a year on the contract renewed on 22 January 2026. The previous contract, from January 2026, was AED 60,000; the unit has been rented since March 2016.
How big is unit 708?
556 sqft (51.7 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 708 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.
Selling 708? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 708, Capital Bay Towers 1
Starts from the last sale price (AED 850K, 27 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →