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1-bed · 1,032 sqftCapital Bay Towers 2, Business Bay · 15th floor · completed 2014

1507, Capital Bay Towers 2

Sold prices and rental history: sold twice, last in September 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 15 September 2023
Last soldAED 925K15 September 2023
Current rentAED 50K /yr25 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1507, Capital Bay Towers 2

What is 1507 worth today?

Last sold for AED 925,000 in 2023

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15 Sep 2023SoldReady
AED 925,000AED 896 per sqft
25 Feb 2021RentedNew contract
AED 50,000/yr12 months · AED 48 per sqft
11 Aug 2019RentedNew contract
AED 72,000/yr12 months · AED 70 per sqft
21 Jul 2018RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft
21 Feb 2013Sold by developerOff-plan
AED 1,946,261AED 1,886 per sqft

Source: Dubai Land Department. Updated 15 September 2023.

Key facts

Type
1-bed apartment
Size
1,032 sqft
Floor
15th of 18
Parking
P1-16
Developer
DAMAC
Completed
2014
Last sold
AED 925K · September 2023
Building
Capital Bay Towers 2

About 1507, Capital Bay Towers 2

1507 is a one-bedroom apartment of 1,032 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 15 September 2023 for AED 925,000, or AED 896 per sqft, 10% below the AED 993 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 February 2021, is AED 50,000 a year: a gross yield of 5.4% on the 2023 price.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical one-bed in Capital Bay Towers 2
1M1.5M2M2013201720212025Typical sale price by year: 2013 AED 1,720,800; 2014 AED 1,755,200; 2015 AED 1,755,200; 2023 AED 937,500; 2024 AED 950,000; 2025 AED 1,122,000; 2026 AED 1,150,000Sold by developer, February 2013: AED 1,946,261 (AED 1,886 per sqft)Sold, September 2023: AED 925,000 (AED 896 per sqft)

1507 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1507, each contractTypical one-bed in Capital Bay Towers 2
50K75K100K20152018202120242027Typical rent by year: 2015 AED 102,500; 2016 AED 100,000; 2017 AED 85,000; 2018 AED 77,500; 2019 AED 70,000; 2020 AED 60,000; 2021 AED 56,000; 2022 AED 65,000; 2023 AED 68,250; 2024 AED 80,000; 2025 AED 87,000; 2026 AED 83,500New contract, July 2018: AED 80,000 a yearNew contract, August 2019: AED 72,000 a yearNew contract, February 2021: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Capital Bay Towers 2, and where 1507 sits

All 30 1-beds →

1507 last sold in September 2023 at AED 896 per sqft, 10% below what one-beds in Capital Bay Towers 2 were fetching at the time (AED 993). Over the last 12 months one-beds sold for AED 1,122,000 to 1,320,000, around AED 1,106 per sqft, and rent for AED 69,037 to 100,000 a year. 1507's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20261,150,000
4 Feb 20261,130,000
29 Jan 20261,320,000
25 Nov 20251,122,000
4 1-bed 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
1504StudioAED 600K · Dec 2022
1505StudioAED 981K · Oct 2013
15062-bedAED 2.69M · Jan 2015
1508StudioAED 1.11M · Mar 2014
1–7 of 9

1507, Capital Bay Towers 2 in numbers

  • Sold twice: first on 21 February 2013 for AED 1,946,261, last on 15 September 2023 for AED 925,000 (AED 896 per sqft).
  • Rented since July 2018 on 3 Ejari contracts, from AED 80,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 5.4%.
  • One-beds in Capital Bay Towers 2 sold for AED 1,122,000–1,320,000 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 September 2023.

Questions about 1507, Capital Bay Towers 2

What did unit 1507 last sell for?

AED 925,000 on 15 September 2023: AED 896 per sqft for 1,032 sqft. The unit has 2 registered sales; the first was AED 1,946,261 in February 2013.

What is the rent for unit 1507?

AED 50,000 a year on the contract signed on 25 February 2021. The previous contract, from August 2019, was AED 72,000; the unit has been rented since July 2018.

How big is unit 1507?

1,032 sqft (95.9 sqm): a one-bedroom apartment on the 15th floor of a 18-storey tower completed in 2014.

What is unit 1507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Capital Bay Towers 2 sold for AED 1,122,000 to 1,320,000 in the last 12 months, around AED 1,106 per sqft.

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Mortgage on 1507, Capital Bay Towers 2

Starts from the last sale price (AED 925K, 15 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

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