Unit 1602, Capital Bay Tower B: what it sold for and what it is worth now

Unit 1602 at Capital Bay Tower B is a 2 bed of 1,230 sq ft. It last sold for AED 1,171,854 on 29 Aug 2023. At AED 1,174 per sq ft, from 4 sales of units ending 02 (same position in the tower), it is worth about AED 1,444,000 today.

Value todayAED 1,444,000AED 1,396,000 to AED 1,493,000
Last saleAED 1,171,85429 Aug 2023 · Resale
Change since last sale+23.2%Building trend alone: AED 1,578,061
Rent (median asking, 2 bed)AED 129,000Gross yield 8.9%
Bedrooms2 bed
Size1,230 sq ft
Floor16 (from the unit number)
Position in the towerStack 02: units ending 02 share the same layout and view
BuildingCapital Bay Tower B by DAMAC Properties, handed over 2014
Registered sales of this unit2

Every registered sale of unit 1602

DatePriceSizeAED/sq ftType
29 Aug 2023AED 1,171,8541,230 sq ft953Resale
29 May 2023AED 1,100,0001,230 sq ft894Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
140213 Feb 2026AED 1,500,0001,230 sq ft1,220Resale
80230 Oct 2025AED 1,397,4501,230 sq ft1,136Resale
130224 Sep 2025AED 1,490,0001,230 sq ft1,211Resale
70224 Oct 2024AED 1,390,0001,230 sq ft1,130Resale
11029 Jul 2024AED 1,365,0001,230 sq ft1,110Resale
9025 Jun 2024AED 1,474,3341,230 sq ft1,199Resale
13025 Sep 2023AED 1,400,0001,230 sq ft1,138Resale
170213 Feb 2020AED 980,0001,230 sq ft797Resale

Latest 2 bed sales in Capital Bay Tower B

UnitDatePriceSizeAED/sq ftType
140213 Feb 2026AED 1,500,0001,230 sq ft1,220Resale
50611 Dec 2025AED 2,000,0001,649 sq ft1,213Resale
7094 Nov 2025AED 1,480,0001,377 sq ft1,075Resale
80230 Oct 2025AED 1,397,4501,230 sq ft1,136Resale
130224 Sep 2025AED 1,490,0001,230 sq ft1,211Resale
40619 Feb 2025AED 1,590,0001,649 sq ft964Resale
70224 Oct 2024AED 1,390,0001,230 sq ft1,130Resale
70624 Sep 2024AED 1,749,7181,649 sq ft1,061Resale

How we worked out the value

We took the 4 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,174). We multiplied it by the size of this unit (1,230 sq ft). The range uses the middle half of those sales (AED 1,135 to AED 1,213 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,578,061. Floor, view, condition and upgrades can move the price either way. Sales data to 24 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 1602 at Capital Bay Tower B worth?

About AED 1,444,000 (range AED 1,396,000 to AED 1,493,000), based on AED 1,174 per sq ft from registered sales up to 24 Aug 2026.

When did unit 1602 last sell?

29 Aug 2023, for AED 1,171,854 (resale). It has 2 registered sales.

What rent can unit 1602 make?

A 2 bed in Capital Bay Tower B rents for about AED 129,000 a year (median asking rent). That is a gross yield of 8.9% on the estimate.

Sales alert for Capital Bay Tower BAll sales in Capital Bay Tower B

Unit 1601 · Unit 1603