1704, Capital Bay Towers 2
Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1704, Capital Bay Towers 2
What is 1704 worth today?
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Source: Dubai Land Department. Updated 20 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 540 sqft
- Floor
- 17th of 18
- Parking
- P1-42
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 660K · April 2024
- Building
- Capital Bay Towers 2
About 1704, Capital Bay Towers 2
1704 is a studio of 540 sqft on the 17th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 22 April 2024 for AED 660,000, or AED 1,221 per sqft, in line with the AED 1,221 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 20 July 2026, is AED 55,000 a year: a gross yield of 8.3% on the 2024 price.
Sales and rents for 1704 over time
1704 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 1704 sits
All 91 studios →1704 last sold in April 2024 at AED 1,221 per sqft, in line with what studios in Capital Bay Towers 2 were fetching at the time (AED 1,221). 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. 1704'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 17th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | Studio | 417 sqft | AED 420KAED 420,000 · Feb 2023February 2023 | 45,000 /yr | |
| 1702 | 2-bed | 1,230 sqft | AED 980KAED 980,000 · Feb 2020February 2020 | 110,000 /yr | |
| 1703 | Studio | 429 sqft | AED 900KAED 900,000 · Aug 2015August 2015 | 50,000 /yr | |
| 1705 | Studio | 564 sqft | AED 1.18MAED 1,183,791 · Feb 2015February 2015 | 46,000 /yr | |
| 1706 | 2-bed | 1,649 sqft | AED 3.15MAED 3,150,000 · Feb 2015February 2015 | 120,000 /yr | |
| 1707 | 1-bed | 1,032 sqft | AED 2.06MAED 2,063,020 · Feb 2015February 2015 | 90,000 /yr | |
| 1708 | Studio | 621 sqft | AED 1.26MAED 1,259,710 · Jan 2015January 2015 | 65,000 /yr | |
| 1709 | 2-bed | 1,377 sqft | AED 1.08MAED 1,083,092 · Aug 2021August 2021 | 84,000 /yr | |
| 1710 | Studio | 504 sqft | AED 1.02MAED 1,023,361 · Feb 2015February 2015 | 62,000 /yr |
1704, Capital Bay Towers 2 in numbers
- Sold 3 times: first on 6 September 2015 for AED 1,138,100, last on 22 April 2024 for AED 660,000 (AED 1,221 per sqft).
- Rented since December 2016 on 10 Ejari contracts. The rent fell from AED 75,000 to AED 37,000 in 2020 and recovered to AED 55,000 by July 2026.
- At AED 55,000 a year the gross yield on the 2024 price is 8.3%.
- 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 July 2026.
Questions about 1704, Capital Bay Towers 2
What did unit 1704 last sell for?
AED 660,000 on 22 April 2024: AED 1,221 per sqft for 540 sqft. The unit has 3 registered sales; the first was AED 1,138,100 in September 2015.
What is the rent for unit 1704?
AED 55,000 a year on the contract renewed on 20 July 2026. The previous contract, from July 2025, was AED 55,000; the unit has been rented since December 2016.
How big is unit 1704?
540 sqft (50.2 sqm): a studio on the 17th floor of a 18-storey tower completed in 2014.
What is unit 1704 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 1704, Capital Bay Towers 2
Starts from the last sale price (AED 660K, 22 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →