1608, Capital Bay Towers 2
Sold prices and rental history: sold twice, last in February 2020, 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 1608, Capital Bay Towers 2
What is 1608 worth today?
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Source: Dubai Land Department. Updated 9 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 621 sqft
- Floor
- 16th of 18
- Parking
- P1-35
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 650K · February 2020
- Building
- Capital Bay Towers 2
About 1608, Capital Bay Towers 2
1608 is a studio of 621 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 23 February 2020 for AED 650,000, or AED 1,047 per sqft, in line with the AED 1,047 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 9 February 2026, is AED 66,000 a year: a gross yield of 10.2% on the 2020 price.
Sales and rents for 1608 over time
1608 has sold twice; 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 1608 sits
All 91 studios →1608 last sold in February 2020 at AED 1,047 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 1,047). 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. 1608's AED 66,000 is in the upper 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 | |
| 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 | |
| 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 |
1608, Capital Bay Towers 2 in numbers
- Sold twice: first on 8 October 2013 for AED 1,044,450, last on 23 February 2020 for AED 650,000 (AED 1,047 per sqft).
- Rented since May 2018 on 7 Ejari contracts. The rent fell from AED 57,000 to AED 45,000 in 2022 and recovered to AED 66,000 by February 2026.
- At AED 66,000 a year the gross yield on the 2020 price is 10.2%.
- 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 February 2026.
Questions about 1608, Capital Bay Towers 2
What did unit 1608 last sell for?
AED 650,000 on 23 February 2020: AED 1,047 per sqft for 621 sqft. The unit has 2 registered sales; the first was AED 1,044,450 in October 2013.
What is the rent for unit 1608?
AED 66,000 a year on the contract signed on 9 February 2026. The previous contract, from February 2025, was AED 65,000; the unit has been rented since May 2018.
How big is unit 1608?
621 sqft (57.7 sqm): a studio on the 16th floor of a 18-storey tower completed in 2014.
What is unit 1608 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 1608, Capital Bay Towers 2
Starts from the last sale price (AED 650K, 23 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →