406, Capital Bay Towers 2
Sold prices and rental history: sold twice, last in February 2025, 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 406, Capital Bay Towers 2
What is 406 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 2 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,649 sqft
- Floor
- 4th of 18
- Parking
- B1-54
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.59M · February 2025
- Building
- Capital Bay Towers 2
About 406, Capital Bay Towers 2
406 is a two-bedroom apartment of 1,649 sqft on the 4th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 19 February 2025 for AED 1,590,000, or AED 964 per sqft, 13% below the AED 1,109 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 2 May 2026, is AED 130,000 a year: a gross yield of 8.2% on the 2025 price.
Sales and rents for 406 over time
406 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Capital Bay Towers 2, and where 406 sits
All 42 2-beds →406 last sold in February 2025 at AED 964 per sqft, 13% below what two-beds in Capital Bay Towers 2 were fetching at the time (AED 1,109). Over the last 12 months two-beds sold for AED 1,500,000 to 2,000,000, around AED 1,216 per sqft, and rent for AED 80,000 to 175,000 a year. 406's AED 130,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 1,230 sqft | 1,500,000 | 1,219 | ||
| 10 Feb 202610 February 2026 | 1,230 sqft | 360,000 | 292 | ||
| 11 Dec 202511 December 2025 | 1,649 sqft | 2,000,000 | 1,213 | ||
| 4 Nov 20254 November 2025 | 1,377 sqft | 1,480,000 | 1,074 |
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 4th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 417 sqft | AED 736KAED 736,000 · Dec 2014December 2014 | 55,000 /yr | |
| 402 | 2-bed | 1,230 sqft | AED 2MAED 2,003,200 · Dec 2013December 2013 | 100,000 /yr | |
| 403 | Studio | 429 sqft | AED 500KAED 500,000 · Apr 2024April 2024 | 50,000 /yr | |
| 404 | Studio | 540 sqft | AED 1.09MAED 1,094,940 · Feb 2015February 2015 | 45,000 /yr | |
| 405 | Studio | 564 sqft | AED 842KAED 841,500 · Jun 2025June 2025 | 48,000 /yr | |
| 407 | 1-bed | 1,029 sqft | AED 1.15MAED 1,150,000 · Aug 2026August 2026 | 90,000 /yr | |
| 408 | Studio | 622 sqft | AED 1.14MAED 1,140,000 · Jan 2015January 2015 | 60,000 /yr | |
| 409 | 1-bed | 1,071 sqft | AED 900KAED 900,000 · May 2019May 2019 | 90,000 /yr | |
| 410 | 1-bed | 820 sqft | AED 1.3MAED 1,302,400 · Feb 2015February 2015 | 100,000 /yr |
406, Capital Bay Towers 2 in numbers
- Sold twice: first on 7 April 2014 for AED 2,847,400, last on 19 February 2025 for AED 1,590,000 (AED 964 per sqft).
- Rented since June 2016 on 6 Ejari contracts. The rent fell from AED 135,000 to AED 82,500 in 2022 and recovered to AED 130,000 by May 2026.
- At AED 130,000 a year the gross yield on the 2025 price is 8.2%.
- Two-beds in Capital Bay Towers 2 sold for AED 1,500,000–2,000,000 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 2 May 2026.
Questions about 406, Capital Bay Towers 2
What did unit 406 last sell for?
AED 1,590,000 on 19 February 2025: AED 964 per sqft for 1,649 sqft. The unit has 2 registered sales; the first was AED 2,847,400 in April 2014.
What is the rent for unit 406?
AED 130,000 a year on the contract signed on 2 May 2026. The previous contract, from April 2025, was AED 130,000; the unit has been rented since June 2016.
How big is unit 406?
1,649 sqft (153.2 sqm): a two-bedroom apartment on the 4th floor of a 18-storey tower completed in 2014.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Capital Bay Towers 2 sold for AED 1,500,000 to 2,000,000 in the last 12 months, around AED 1,216 per sqft.
Selling 406? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 406, Capital Bay Towers 2
Starts from the last sale price (AED 1.59M, 19 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,590,000
- Deposit, UAE resident (20%)
- AED 318,000
- Deposit, non-resident (40%)
- AED 636,000
- Monthly over 25 years at 3.7%
- AED 6,505
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →