1208, Capital Bay Towers 2
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Capital Bay Towers 2
What is 1208 worth today?
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Source: Dubai Land Department. Updated 15 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 621 sqft
- Floor
- 12th of 18
- Parking
- B1-140
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.04M · December 2013
- Building
- Capital Bay Towers 2
About 1208, Capital Bay Towers 2
1208 is a studio of 621 sqft on the 12th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 2 December 2013 for AED 1,044,450, or AED 1,683 per sqft, 10% below the AED 1,874 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 15 May 2026, is AED 50,000 a year: a gross yield of 4.8% on the 2013 price.
Sales and rents for 1208 over time
1208 has sold once; 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 2, and where 1208 sits
All 91 studios →1208 last sold in December 2013 at AED 1,683 per sqft, 10% below what studios in Capital Bay Towers 2 were fetching at the time (AED 1,874). Over the last 12 months studios sold for AED 523,462 to 905,000, around AED 1,393 per sqft, and rent for AED 36,000 to 80,000 a year. 1208's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Aug 202617 August 2026 | 429 sqft | 545,951 | 1,272 | ||
| 29 Jul 202629 July 2026 | 564 sqft | 705,000 | 1,250 | ||
| 19 Jun 202619 June 2026 | 541 sqft | 750,000 | 1,385 | ||
| 13 May 202613 May 2026 | 376 sqft | 523,462 | 1,393 |
Capital Bay Towers 2
Building163 apartments, studios to 2-bed over 18 floors in Business Bay, completed in 2014 by DAMAC. 23 sold in the last 12 months.
- Typical price per sqft
- AED 1,299 Up 8.5%
- Typical sale
- AED 750K
- Typical rent
- AED 61K /yr
- Typical yield
- 7.8%
Other units on the 12th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | Studio | 417 sqft | AED 406KAED 406,351 · Oct 2021October 2021 | 50,000 /yr | |
| 1202 | 2-bed | 1,230 sqft | AED 1.98MAED 1,975,060 · Nov 2014November 2014 | 120,750 /yr | |
| 1203 | Studio | 429 sqft | AED 546KAED 545,951 · Aug 2026August 2026 | 47,000 /yr | |
| 1204 | Studio | 540 sqft | AED 442KAED 442,000 · Mar 2021March 2021 | 55,000 /yr | |
| 1205 | Studio | 564 sqft | AED 1.05MAED 1,050,000 · Dec 2014December 2014 | 57,000 /yr | |
| 1206 | 2-bed | 1,649 sqft | AED 2.77MAED 2,772,000 · Feb 2015February 2015 | 120,000 /yr | |
| 1207 | 1-bed | 1,032 sqft | AED 1.69MAED 1,686,400 · Dec 2013December 2013 | 90,000 /yr | |
| 1209 | 1-bed | 1,070 sqft | AED 1.15MAED 1,150,000 · Apr 2025April 2025 | 70,000 /yr | |
| 1210 | 1-bed | 811 sqft | AED 1.3MAED 1,302,400 · Feb 2015February 2015 | 90,000 /yr |
1208, Capital Bay Towers 2 in numbers
- Sold once: by DAMAC on 2 December 2013 for AED 1,044,450, or AED 1,683 per sqft.
- Rented since May 2018 on 9 Ejari contracts. The rent fell from AED 55,000 to AED 35,000 in 2020 and recovered to AED 50,000 by May 2026.
- At AED 50,000 a year the gross yield on the 2013 price is 4.8%.
- Studios in Capital Bay Towers 2 sold for AED 523,462–905,000 in the 12 months to November 2026; the building's median across all types is AED 1,299 per sqft.
Source: Dubai Land Department. Updated 15 May 2026.
Questions about 1208, Capital Bay Towers 2
What did unit 1208 last sell for?
AED 1,044,450 on 2 December 2013, sold by the developer: AED 1,683 per sqft for 621 sqft. It is the only registered sale of the unit.
What is the rent for unit 1208?
AED 50,000 a year on the contract signed on 15 May 2026. The previous contract, from March 2025, was AED 63,000; the unit has been rented since May 2018.
How big is unit 1208?
621 sqft (57.7 sqm): a studio on the 12th floor of a 18-storey tower completed in 2014.
What is unit 1208 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 2 sold for AED 523,462 to 905,000 in the last 12 months, around AED 1,393 per sqft.
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Mortgage on 1208, Capital Bay Towers 2
Starts from the last sale price (AED 1.04M, 2 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,044,450
- Deposit, UAE resident (20%)
- AED 208,890
- Deposit, non-resident (40%)
- AED 417,780
- Monthly over 25 years at 3.7%
- AED 4,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →