704, Capital Bay Towers 2
Sold prices and rental history: sold twice, last in November 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 704, Capital Bay Towers 2
What is 704 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 15 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 540 sqft
- Floor
- 7th of 18
- Parking
- B1-86
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 850K · November 2015
- Building
- Capital Bay Towers 2
About 704, Capital Bay Towers 2
704 is a studio of 540 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 16 November 2015 for AED 850,000, or AED 1,573 per sqft, 14% below the AED 1,820 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 15 July 2026, is AED 55,000 a year: a gross yield of 6.5% on the 2015 price.
Sales and rents for 704 over time
704 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 704 sits
All 91 studios →704 last sold in November 2015 at AED 1,573 per sqft, 14% below what studios in Capital Bay Towers 2 were fetching at the time (AED 1,820). 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. 704'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 7th floor
All 163 units in Capital Bay Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 417 sqft | AED 560KAED 560,000 · Oct 2023October 2023 | 36,000 /yr | |
| 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 | |
| 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 |
704, Capital Bay Towers 2 in numbers
- Sold twice: first on 9 June 2014 for AED 1,001,300, last on 16 November 2015 for AED 850,000 (AED 1,573 per sqft).
- Rented since April 2016 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 35,000 in 2021 and recovered to AED 55,000 by July 2026.
- At AED 55,000 a year the gross yield on the 2015 price is 6.5%.
- 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 15 July 2026.
Questions about 704, Capital Bay Towers 2
What did unit 704 last sell for?
AED 850,000 on 16 November 2015: AED 1,573 per sqft for 540 sqft. The unit has 2 registered sales; the first was AED 1,001,300 in June 2014.
What is the rent for unit 704?
AED 55,000 a year on the contract renewed on 15 July 2026. The previous contract, from July 2025, was AED 55,000; the unit has been rented since April 2016.
How big is unit 704?
540 sqft (50.2 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 704 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.
Selling 704? 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 704, Capital Bay Towers 2
Starts from the last sale price (AED 850K, 16 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →