701, Capital Bay Towers 2
Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Capital Bay Towers 2
What is 701 worth today?
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Source: Dubai Land Department. Updated 11 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 7th of 18
- Parking
- B1-83
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 560K · October 2023
- Building
- Capital Bay Towers 2
About 701, Capital Bay Towers 2
701 is a studio of 417 sqft on the 7th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. It last sold on 11 October 2023 for AED 560,000, or AED 1,343 per sqft, 21% above the AED 1,110 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 January 2022, is AED 36,000 a year: a gross yield of 6.4% on the 2023 price.
Sales and rents for 701 over time
701 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 701 sits
All 91 studios →701 last sold in October 2023 at AED 1,343 per sqft, 21% above what studios in Capital Bay Towers 2 were fetching at the time (AED 1,110). 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. 701's AED 36,000 is at the bottom 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 7th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,230 sqft | AED 1.39MAED 1,390,000 · Oct 2024October 2024 | 72,000 /yr | |
| 703 | Studio | 429 sqft | AED 420KAED 420,000 · Apr 2021April 2021 | 55,000 /yr | |
| 704 | Studio | 540 sqft | AED 850KAED 850,000 · Nov 2015November 2015 | 55,000 /yr | |
| 705 | Studio | 564 sqft | AED 600KAED 600,000 · Feb 2023February 2023 | 50,000 /yr | |
| 706 | 2-bed | 1,649 sqft | AED 1.75MAED 1,749,718 · Sep 2024September 2024 | 115,000 /yr | |
| 707 | 1-bed | 1,032 sqft | AED 950KAED 950,000 · Feb 2024February 2024 | 85,000 /yr | |
| 708 | Studio | 621 sqft | AED 1.04MAED 1,044,450 · Dec 2013December 2013 | 55,125 /yr | |
| 709 | 2-bed | 1,377 sqft | AED 1.48MAED 1,480,000 · Nov 2025November 2025 | 120,000 /yr | |
| 710 | Studio | 504 sqft | AED 755KAED 755,000 · Feb 2025February 2025 | 43,500 /yr |
701, Capital Bay Towers 2 in numbers
- Sold 3 times: first on 8 December 2013 for AED 696,300, last on 11 October 2023 for AED 560,000 (AED 1,343 per sqft).
- Rented since April 2015 on 7 Ejari contracts. The rent fell from AED 70,000 to AED 28,000 in 2020 and recovered to AED 36,000 by January 2022.
- At AED 36,000 a year the gross yield on the 2023 price is 6.4%.
- 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 11 October 2023.
Questions about 701, Capital Bay Towers 2
What did unit 701 last sell for?
AED 560,000 on 11 October 2023: AED 1,343 per sqft for 417 sqft. The unit has 3 registered sales; the first was AED 696,300 in December 2013.
What is the rent for unit 701?
AED 36,000 a year on the contract signed on 1 January 2022. The previous contract, from December 2020, was AED 28,000; the unit has been rented since April 2015.
How big is unit 701?
417 sqft (38.7 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 701 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 701, Capital Bay Towers 2
Starts from the last sale price (AED 560K, 11 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →