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Studio · 429 sqftCapital Bay Towers 2, Business Bay · 13th floor · completed 2014

1303, Capital Bay Towers 2

Sold prices and rental history: sold once, by the developer in June 2013, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 1 December 2021
Last soldAED 825K23 June 2013
Current rentAED 40K /yr1 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1303, Capital Bay Towers 2

What is 1303 worth today?

Last sold for AED 824,600 in 2013

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1 Dec 2021RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
1 Feb 2019RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
20 Mar 2018RentedNew contract
AED 55,555/yr12 months · AED 129 per sqft
23 Jun 2013Sold by developerOff-plan
AED 824,600AED 1,922 per sqft

Source: Dubai Land Department. Updated 1 December 2021.

Key facts

Type
Studio apartment
Size
429 sqft
Floor
13th of 18
Parking
B1-157
Developer
DAMAC
Completed
2014
Last sold
AED 825K · June 2013
Building
Capital Bay Towers 2

About 1303, Capital Bay Towers 2

1303 is a studio of 429 sqft on the 13th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 23 June 2013 for AED 824,600, or AED 1,922 per sqft, in line with the AED 1,910 studios in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 December 2021, is AED 40,000 a year: a gross yield of 4.9% on the 2013 price.

Sales and rents for 1303 over time

Sales
Unit 1303, each saleTypical studio in Capital Bay Towers 2
500K750K1M2013201720212025Typical sale price by year: 2013 AED 944,300; 2014 AED 923,200; 2015 AED 931,300; 2016 AED 826,250; 2017 AED 800,000; 2018 AED 600,000; 2020 AED 410,000; 2021 AED 413,176; 2022 AED 470,000; 2023 AED 600,000; 2024 AED 625,000; 2025 AED 705,000; 2026 AED 732,470Sold by developer, June 2013: AED 824,600 (AED 1,922 per sqft)

1303 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1303, each contractTypical studio in Capital Bay Towers 2
40K60K80K20152018202120242027Typical rent by year: 2015 AED 74,792; 2016 AED 70,000; 2017 AED 65,000; 2018 AED 55,000; 2019 AED 48,000; 2020 AED 36,500; 2021 AED 36,000; 2022 AED 44,000; 2023 AED 51,318; 2024 AED 55,913; 2025 AED 57,750; 2026 AED 55,000New contract, March 2018: AED 55,555 a yearNew contract, February 2019: AED 50,000 a yearNew contract, December 2021: AED 40,000 a year

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 1303 sits

All 91 studios →

1303 last sold in June 2013 at AED 1,922 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 1,910). 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. 1303's AED 40,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Aug 2026545,951
29 Jul 2026705,000
19 Jun 2026750,000
13 May 2026523,462
16 studio sales in the last 12 months

Capital Bay Towers 2

Building

163 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%
Capital Bay Towers 2, Business Bay: prices, sales and rents →

Other units on the 13th floor

All 163 units in Capital Bay Towers 2
Value
1301StudioAED 535K · Dec 2022
13022-bedAED 1.49M · Sep 2025
1304StudioAED 850K · Jul 2016
1305StudioAED 700K · Jan 2024
13062-bedAED 2.69M · Dec 2013
13071-bedAED 1.05M · Feb 2024
1308StudioAED 678K · Aug 2023
1–7 of 9

1303, Capital Bay Towers 2 in numbers

  • Sold once: by DAMAC on 23 June 2013 for AED 824,600, or AED 1,922 per sqft.
  • Rented since March 2018 on 3 Ejari contracts, from AED 55,555 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2013 price is 4.9%.
  • 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 1 December 2021.

Questions about 1303, Capital Bay Towers 2

What did unit 1303 last sell for?

AED 824,600 on 23 June 2013, sold by the developer: AED 1,922 per sqft for 429 sqft. It is the only registered sale of the unit.

What is the rent for unit 1303?

AED 40,000 a year on the contract signed on 1 December 2021. The previous contract, from February 2019, was AED 50,000; the unit has been rented since March 2018.

How big is unit 1303?

429 sqft (39.9 sqm): a studio on the 13th floor of a 18-storey tower completed in 2014.

What is unit 1303 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 1303, Capital Bay Towers 2

Starts from the last sale price (AED 825K, 23 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 824,600
Deposit, UAE resident (20%)
AED 164,920
Deposit, non-resident (40%)
AED 329,840
Monthly over 25 years at 3.7%
AED 3,374

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