1604, Capital Bay Towers 2
Sold prices and rental history: sold 3 times, last in January 2022, 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 1604, Capital Bay Towers 2
What is 1604 worth today?
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Source: Dubai Land Department. Updated 10 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 540 sqft
- Floor
- 16th of 18
- Parking
- P1-23
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 440K · January 2022
- Building
- Capital Bay Towers 2
About 1604, Capital Bay Towers 2
1604 is a studio of 540 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 6 January 2022 for AED 440,000, or AED 814 per sqft, in line with the AED 837 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 10 June 2026, is AED 55,000 a year: a gross yield of 12.5% on the 2022 price.
Sales and rents for 1604 over time
1604 has sold 3 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 1604 sits
All 91 studios →1604 last sold in January 2022 at AED 814 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 837). 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. 1604's AED 55,000 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 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 | |
| 1603 | Studio | 429 sqft | AED 535KAED 535,000 · Apr 2024April 2024 | 80,000 /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 |
1604, Capital Bay Towers 2 in numbers
- Sold 3 times: first on 9 May 2013 for AED 964,250, last on 6 January 2022 for AED 440,000 (AED 814 per sqft).
- Rented since June 2018 on 9 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2020 and recovered to AED 55,000 by June 2026.
- At AED 55,000 a year the gross yield on the 2022 price is 12.5%.
- 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 10 June 2026.
Questions about 1604, Capital Bay Towers 2
What did unit 1604 last sell for?
AED 440,000 on 6 January 2022: AED 814 per sqft for 540 sqft. The unit has 3 registered sales; the first was AED 964,250 in May 2013.
What is the rent for unit 1604?
AED 55,000 a year on the contract renewed on 10 June 2026. The previous contract, from June 2025, was AED 55,000; the unit has been rented since June 2018.
How big is unit 1604?
540 sqft (50.2 sqm): a studio on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1604 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 1604, Capital Bay Towers 2
Starts from the last sale price (AED 440K, 6 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →