1603, Capital Bay Towers 2
Sold prices and rental history: sold 4 times, last in April 2024, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Capital Bay Towers 2
What is 1603 worth today?
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Source: Dubai Land Department. Updated 20 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 429 sqft
- Floor
- 16th of 18
- Parking
- P1-22
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 535K · April 2024
- Building
- Capital Bay Towers 2
About 1603, Capital Bay Towers 2
1603 is a studio of 429 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 2 April 2024 for AED 535,000, or AED 1,247 per sqft, in line with the AED 1,241 studios in the building were fetching at the time.
It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 20 June 2026, is AED 80,000 a year: a gross yield of 14.9% on the 2024 price.
Sales and rents for 1603 over time
1603 has sold 4 times; 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 1603 sits
All 91 studios →1603 last sold in April 2024 at AED 1,247 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 1,241). 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. 1603's AED 80,000 is at the top 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 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 | |
| 1602 | 2-bed | 1,230 sqft | AED 1.17MAED 1,171,854 · Aug 2023August 2023 | 108,000 /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 |
1603, Capital Bay Towers 2 in numbers
- Sold 4 times: first on 27 March 2014 for AED 770,960, last on 2 April 2024 for AED 535,000 (AED 1,247 per sqft).
- Rented since May 2016 on 2 Ejari contracts, from AED 65,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2024 price is 14.9%.
- 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 20 June 2026.
Questions about 1603, Capital Bay Towers 2
What did unit 1603 last sell for?
AED 535,000 on 2 April 2024: AED 1,247 per sqft for 429 sqft. The unit has 4 registered sales; the first was AED 770,960 in March 2014.
What is the rent for unit 1603?
AED 80,000 a year on the contract signed on 20 June 2026. The previous contract, from May 2016, was AED 65,000.
How big is unit 1603?
429 sqft (39.9 sqm): a studio on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1603 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 1603, Capital Bay Towers 2
Starts from the last sale price (AED 535K, 2 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 535,000
- Deposit, UAE resident (20%)
- AED 107,000
- Deposit, non-resident (40%)
- AED 214,000
- Monthly over 25 years at 3.7%
- AED 2,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →