1602, Capital Bay Towers 2
Sold prices and rental history: sold 4 times, last in August 2023, 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 1602, Capital Bay Towers 2
What is 1602 worth today?
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Source: Dubai Land Department. Updated 27 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,230 sqft
- Floor
- 16th of 18
- Parking
- P1-21
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.17M · August 2023
- Building
- Capital Bay Towers 2
About 1602, Capital Bay Towers 2
1602 is a two-bedroom apartment of 1,230 sqft on the 16th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 29 August 2023 for AED 1,171,854, or AED 952 per sqft, 8% above the AED 880 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 27 February 2026, is AED 108,000 a year: a gross yield of 9.2% on the 2023 price.
Sales and rents for 1602 over time
1602 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Capital Bay Towers 2, and where 1602 sits
All 42 2-beds →1602 last sold in August 2023 at AED 952 per sqft, 8% above what two-beds in Capital Bay Towers 2 were fetching at the time (AED 880). Over the last 12 months two-beds sold for AED 1,500,000 to 2,000,000, around AED 1,216 per sqft, and rent for AED 80,000 to 175,000 a year. 1602's AED 108,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 1,230 sqft | 1,500,000 | 1,219 | ||
| 10 Feb 202610 February 2026 | 1,230 sqft | 360,000 | 292 | ||
| 11 Dec 202511 December 2025 | 1,649 sqft | 2,000,000 | 1,213 | ||
| 4 Nov 20254 November 2025 | 1,377 sqft | 1,480,000 | 1,074 |
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 16th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 417 sqft | AED 445KAED 445,000 · Mar 2022March 2022 | 60,000 /yr | |
| 1603 | Studio | 429 sqft | AED 535KAED 535,000 · Apr 2024April 2024 | 80,000 /yr | |
| 1604 | Studio | 540 sqft | AED 440KAED 440,000 · Jan 2022January 2022 | 55,000 /yr | |
| 1605 | Studio | 564 sqft | AED 952KAED 952,000 · Jul 2015July 2015 | 70,000 /yr | |
| 1606 | 2-bed | 1,432 sqft | AED 2.64MAED 2,638,000 · Jul 2018July 2018 | 140,000 /yr | |
| 1607 | 1-bed | 1,032 sqft | AED 1.18MAED 1,180,000 · Jan 2025January 2025 | 85,000 /yr | |
| 1608 | Studio | 621 sqft | AED 650KAED 650,000 · Feb 2020February 2020 | 66,000 /yr | |
| 1609 | 2-bed | 1,377 sqft | AED 1.59MAED 1,585,000 · Apr 2016April 2016 | 112,000 /yr | |
| 1610 | Studio | 504 sqft | AED 470KAED 470,000 · Feb 2022February 2022 | 60,000 /yr |
1602, Capital Bay Towers 2 in numbers
- Sold 4 times: first on 9 May 2013 for AED 2,175,250, last on 29 August 2023 for AED 1,171,854 (AED 952 per sqft).
- Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 63,000 in 2020 and recovered to AED 108,000 by February 2026.
- At AED 108,000 a year the gross yield on the 2023 price is 9.2%.
- Two-beds in Capital Bay Towers 2 sold for AED 1,500,000–2,000,000 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 27 February 2026.
Questions about 1602, Capital Bay Towers 2
What did unit 1602 last sell for?
AED 1,171,854 on 29 August 2023: AED 952 per sqft for 1,230 sqft. The unit has 4 registered sales; the first was AED 2,175,250 in May 2013.
What is the rent for unit 1602?
AED 108,000 a year on the contract signed on 27 February 2026. The previous contract, from November 2024, was AED 105,000; the unit has been rented since May 2018.
How big is unit 1602?
1,230 sqft (114.3 sqm): a two-bedroom apartment on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Capital Bay Towers 2 sold for AED 1,500,000 to 2,000,000 in the last 12 months, around AED 1,216 per sqft.
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Mortgage on 1602, Capital Bay Towers 2
Starts from the last sale price (AED 1.17M, 29 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,171,854
- Deposit, UAE resident (20%)
- AED 234,371
- Deposit, non-resident (40%)
- AED 468,742
- Monthly over 25 years at 3.7%
- AED 4,794
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →