708, Capital Bay Towers 2
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Capital Bay Towers 2
What is 708 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 621 sqft
- Floor
- 7th of 18
- Parking
- B1-90
- Developer
- DAMAC
- Completed
- 2014
- Last sold
- AED 1.04M · December 2013
- Building
- Capital Bay Towers 2
About 708, Capital Bay Towers 2
708 is a studio of 621 sqft on the 7th floor of Capital Bay Towers 2, a 18-storey tower in Business Bay completed in 2014 by DAMAC. The developer sold it on 25 December 2013 for AED 1,044,450, or AED 1,683 per sqft, 9% below the AED 1,844 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 55,125 a year: a gross yield of 5.3% on the 2013 price.
Sales and rents for 708 over time
708 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 708 sits
All 91 studios →708 last sold in December 2013 at AED 1,683 per sqft, 9% below what studios in Capital Bay Towers 2 were fetching at the time (AED 1,844). 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. 708's AED 55,125 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 | |
| 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 | |
| 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 |
708, Capital Bay Towers 2 in numbers
- Sold once: by DAMAC on 25 December 2013 for AED 1,044,450, or AED 1,683 per sqft.
- Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 29,063 in 2021 and recovered to AED 55,125 by January 2025.
- At AED 55,125 a year the gross yield on the 2013 price is 5.3%.
- 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 1 January 2025.
Questions about 708, Capital Bay Towers 2
What did unit 708 last sell for?
AED 1,044,450 on 25 December 2013, sold by the developer: AED 1,683 per sqft for 621 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 55,125 a year on the contract renewed on 1 January 2025. The previous contract, from January 2024, was AED 52,500; the unit has been rented since February 2019.
How big is unit 708?
621 sqft (57.7 sqm): a studio on the 7th floor of a 18-storey tower completed in 2014.
What is unit 708 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 708, Capital Bay Towers 2
Starts from the last sale price (AED 1.04M, 25 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,044,450
- Deposit, UAE resident (20%)
- AED 208,890
- Deposit, non-resident (40%)
- AED 417,780
- Monthly over 25 years at 3.7%
- AED 4,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →