1508, Capital Bay Towers 2
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Capital Bay Towers 2
What is 1508 worth today?
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Source: Dubai Land Department. Updated 9 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 621 sqft
- Floor
- 15th of 18
- Parking
- P1-17
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.11M · March 2014
- Building
- Capital Bay Towers 2
About 1508, Capital Bay Towers 2
1508 is a studio of 621 sqft on the 15th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 27 March 2014 for AED 1,107,750, or AED 1,785 per sqft, in line with the AED 1,772 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 9 August 2023, is AED 52,500 a year: a gross yield of 4.7% on the 2014 price.
Sales and rents for 1508 over time
1508 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 1508 sits
All 91 studios →1508 last sold in March 2014 at AED 1,785 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 1,772). 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. 1508's AED 52,500 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 15th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 417 sqft | AED 620KAED 620,000 · Apr 2024April 2024 | 65,000 /yr | |
| 1502 | 2-bed | 1,230 sqft | AED 1.9MAED 1,900,000 · Feb 2015February 2015 | 120,000 /yr | |
| 1503 | Studio | 429 sqft | AED 465KAED 465,000 · May 2022May 2022 | 55,000 /yr | |
| 1504 | Studio | 540 sqft | AED 600KAED 600,000 · Dec 2022December 2022 | ||
| 1505 | Studio | 564 sqft | AED 981KAED 980,900 · Oct 2013October 2013 | 58,900 /yr | |
| 1506 | 2-bed | 1,649 sqft | AED 2.69MAED 2,688,000 · Jan 2015January 2015 | ||
| 1507 | 1-bed | 1,032 sqft | AED 925KAED 925,000 · Sep 2023September 2023 | 50,000 /yr | |
| 1509 | 2-bed | 1,377 sqft | AED 1.8MAED 1,800,000 · Feb 2017February 2017 | 100,000 /yr | |
| 1510 | Studio | 505 sqft | AED 730KAED 730,000 · Sep 2025September 2025 | 52,000 /yr |
1508, Capital Bay Towers 2 in numbers
- Sold once: by DAMAC on 27 March 2014 for AED 1,107,750, or AED 1,785 per sqft.
- Rented since November 2017 on 4 Ejari contracts. The rent fell from AED 65,000 to AED 38,000 in 2021 and recovered to AED 52,500 by August 2023.
- At AED 52,500 a year the gross yield on the 2014 price is 4.7%.
- 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 9 August 2023.
Questions about 1508, Capital Bay Towers 2
What did unit 1508 last sell for?
AED 1,107,750 on 27 March 2014, sold by the developer: AED 1,785 per sqft for 621 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 52,500 a year on the contract renewed on 9 August 2023. The previous contract, from August 2022, was AED 50,000; the unit has been rented since November 2017.
How big is unit 1508?
621 sqft (57.7 sqm): a studio on the 15th floor of a 18-storey tower completed in 2014.
What is unit 1508 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 1508, Capital Bay Towers 2
Starts from the last sale price (AED 1.11M, 27 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,107,750
- Deposit, UAE resident (20%)
- AED 221,550
- Deposit, non-resident (40%)
- AED 443,100
- Monthly over 25 years at 3.7%
- AED 4,532
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →