Studio · 540 sqftCapital Bay Towers 2, Business Bay · 15th floor · completed 2014

1504, Capital Bay Towers 2

Sold prices and rental history: sold 3 times, last in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 13 December 2022
Last soldAED 600K13 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, Capital Bay Towers 2

What is 1504 worth today?

Last sold for AED 600,000 in 2022

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13 Dec 2022SoldReady
AED 600,000AED 1,110 per sqft
26 Jun 2018SoldReady
AED 640,000AED 1,184 per sqft
18 Aug 2013Sold by developerOff-plan
AED 967,750AED 1,791 per sqft

Source: Dubai Land Department. Updated 13 December 2022.

Key facts

Type
Studio apartment
Size
540 sqft
Floor
15th of 18
Parking
P1-13
Developer
DAMAC
Completed
2014
Last sold
AED 600K · December 2022

About 1504, Capital Bay Towers 2

1504 is a studio of 540 sqft on the 15th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 13 December 2022 for AED 600,000, or AED 1,110 per sqft, 4% above the AED 1,067 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1504 over time

Sales
Unit 1504, each saleTypical studio in Capital Bay Towers 2
500K1M2013201720212025Typical 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, August 2013: AED 967,750 (AED 1,791 per sqft)Sold, June 2018: AED 640,000 (AED 1,184 per sqft)Sold, December 2022: AED 600,000 (AED 1,110 per sqft)

1504 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1504, 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 55,000

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 1504 sits

All 91 studios →

1504 last sold in December 2022 at AED 1,110 per sqft, 4% above what studios in Capital Bay Towers 2 were fetching at the time (AED 1,067). 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.

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 15th floor

All 163 units in Capital Bay Towers 2
Value
1501StudioAED 620K · Apr 2024
15022-bedAED 1.9M · Feb 2015
1503StudioAED 465K · May 2022
1505StudioAED 981K · Oct 2013
15062-bedAED 2.69M · Jan 2015
15071-bedAED 925K · Sep 2023
1508StudioAED 1.11M · Mar 2014
1–7 of 9

1504, Capital Bay Towers 2 in numbers

  • Sold 3 times: first on 18 August 2013 for AED 967,750, last on 13 December 2022 for AED 600,000 (AED 1,110 per sqft).
  • 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 13 December 2022.

Questions about 1504, Capital Bay Towers 2

What did unit 1504 last sell for?

AED 600,000 on 13 December 2022: AED 1,110 per sqft for 540 sqft. The unit has 3 registered sales; the first was AED 967,750 in August 2013.

How big is unit 1504?

540 sqft (50.2 sqm): a studio on the 15th floor of a 18-storey tower completed in 2014.

What is unit 1504 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 1504, Capital Bay Towers 2

Starts from the last sale price (AED 600K, 13 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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