1705, Capital Bay Towers 2
Sold prices and rental history: sold once, by the developer in February 2015, 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 1705, Capital Bay Towers 2
What is 1705 worth today?
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Source: Dubai Land Department. Updated 1 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 564 sqft
- Floor
- 17th of 18
- Parking
- P1-43
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.18M · February 2015
- Building
- Capital Bay Towers 2
About 1705, Capital Bay Towers 2
1705 is a studio of 564 sqft on the 17th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 16 February 2015 for AED 1,183,791, or AED 2,100 per sqft, 17% above the AED 1,788 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 46,000 a year: a gross yield of 3.9% on the 2015 price.
Sales and rents for 1705 over time
1705 has sold once; 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 1705 sits
All 91 studios →1705 last sold in February 2015 at AED 2,100 per sqft, 17% above what studios in Capital Bay Towers 2 were fetching at the time (AED 1,788). 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. 1705's AED 46,000 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 | |
| 1704 | Studio | 540 sqft | AED 660KAED 660,000 · Apr 2024April 2024 | 55,000 /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 |
1705, Capital Bay Towers 2 in numbers
- Sold once: by DAMAC on 16 February 2015 for AED 1,183,791, or AED 2,100 per sqft.
- Rented since December 2016 on 8 Ejari contracts. The rent fell from AED 72,000 to AED 32,400 in 2020 and recovered to AED 46,000 by April 2024.
- At AED 46,000 a year the gross yield on the 2015 price is 3.9%.
- 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 1 April 2024.
Questions about 1705, Capital Bay Towers 2
What did unit 1705 last sell for?
AED 1,183,791 on 16 February 2015, sold by the developer: AED 2,100 per sqft for 564 sqft. It is the only registered sale of the unit.
What is the rent for unit 1705?
AED 46,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 40,000; the unit has been rented since December 2016.
How big is unit 1705?
564 sqft (52.4 sqm): a studio on the 17th floor of a 18-storey tower completed in 2014.
What is unit 1705 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 1705, Capital Bay Towers 2
Starts from the last sale price (AED 1.18M, 16 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,183,791
- Deposit, UAE resident (20%)
- AED 236,758
- Deposit, non-resident (40%)
- AED 473,516
- Monthly over 25 years at 3.7%
- AED 4,843
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →