1-bed · 1,363 sqftExecutive Tower B (East Heights 4), Business Bay · 15th floor · completed 2009

1503, Executive Tower B (East Heights 4)

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 23 August 2024
Last soldAED 1.5M23 August 2024
Current rentAED 90K /yr28 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Executive Tower B (East Heights 4)

What is 1503 worth today?

Last sold for AED 1,500,000 in 2024

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23 Aug 2024SoldReady
AED 1,500,000AED 1,100 per sqft
28 Dec 2023RentedRenewal
AED 90,000/yr12 months · AED 66 per sqft
28 Dec 2022RentedRenewal
AED 90,000/yr12 months · AED 66 per sqft
28 Dec 2021RentedRenewal
AED 80,000/yr12 months · AED 59 per sqft
28 Dec 2020RentedRenewal
AED 90,000/yr12 months · AED 66 per sqft
28 Dec 2019RentedRenewal
AED 100,000/yr12 months · AED 73 per sqft
28 Dec 2018RentedRenewal
AED 125,000/yr12 months · AED 91 per sqft
28 Dec 2017RentedRenewal
AED 150,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 23 August 2024.

Key facts

Type
1-bed apartment
Size
1,363 sqft
Floor
15th of 45
Parking
BB - 147
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,600 /yr
Last sold
AED 1.5M · August 2024

About 1503, Executive Tower B (East Heights 4)

1503 is a one-bedroom apartment of 1,363 sqft on the 15th floor of Executive Tower B (East Heights 4), a 45-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 23 August 2024 for AED 1,500,000, or AED 1,100 per sqft, 13% above the AED 976 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 28 December 2023, is AED 90,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 21,600 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical one-bed in Executive Tower B (East Heights 4)
1M1.5M2010201520202025Typical sale price by year: 2010 AED 1,505,000; 2011 AED 1,055,550; 2012 AED 1,255,000; 2013 AED 1,357,000; 2014 AED 1,800,000; 2015 AED 1,500,000; 2016 AED 1,315,000; 2017 AED 1,440,000; 2018 AED 1,400,000; 2019 AED 1,075,000; 2020 AED 950,000; 2021 AED 1,012,500; 2022 AED 1,095,000; 2023 AED 1,200,000; 2024 AED 1,330,000; 2025 AED 1,580,000; 2026 AED 1,700,000Sold by developer, September 2015: AED 1,506,000 (AED 1,104 per sqft)Sold, December 2015: AED 1,550,000 (AED 1,137 per sqft)Sold, August 2024: AED 1,500,000 (AED 1,100 per sqft)

1503 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1503, each contractTypical one-bed in Executive Tower B (East Heights 4)
50K100K150K2012201620202024Typical rent by year: 2012 AED 74,909; 2013 AED 82,500; 2014 AED 100,000; 2015 AED 110,000; 2016 AED 106,250; 2017 AED 96,500; 2018 AED 85,000; 2019 AED 75,500; 2020 AED 66,000; 2021 AED 62,000; 2022 AED 69,000; 2023 AED 79,114; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 100,000New contract, June 2013: AED 75,000 a yearRenewal, December 2016: AED 150,000 a yearRenewal, December 2017: AED 150,000 a yearRenewal, December 2018: AED 125,000 a yearRenewal, December 2019: AED 100,000 a yearRenewal, December 2020: AED 90,000 a yearRenewal, December 2021: AED 80,000 a yearRenewal, December 2022: AED 90,000 a yearRenewal, December 2023: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Executive Tower B (East Heights 4), and where 1503 sits

All 162 1-beds →

1503 last sold in August 2024 at AED 1,100 per sqft, 13% above what one-beds in Executive Tower B (East Heights 4) were fetching at the time (AED 976). Over the last 12 months one-beds sold for AED 1,675,000 to 1,800,000, around AED 1,268 per sqft, and rent for AED 59,822 to 185,000 a year. 1503's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Aug 20261,675,000
17 Jul 20261,700,000
18 May 20261,700,000
22 Apr 20261,720,000
11 1-bed sales in the last 12 months

Executive Tower B (East Heights 4)

Building

401 apartments, studios to 4-bed over 45 floors in Business Bay, completed in 2009 by Dubai Properties. 33 sold in the last 12 months.

Typical price per sqft
AED 1,344 Up 7.1%
Typical sale
AED 1.7M
Typical rent
AED 100K /yr
Typical yield
6.3%
Executive Tower B (East Heights 4), Business Bay: prices, sales and rents →
Value
15011-bedAED 932K · May 2011
15021-bedAED 932K · Mar 2011
15041-bedAED 1.69M · May 2010

1503, Executive Tower B (East Heights 4) in numbers

  • Sold 3 times: first on 16 September 2015 for AED 1,506,000, last on 23 August 2024 for AED 1,500,000 (AED 1,100 per sqft).
  • Rented since June 2013 on 9 Ejari contracts, from AED 75,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 21,600 a year (AED 15.82 per sqft).
  • One-beds in Executive Tower B (East Heights 4) sold for AED 1,675,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,344 per sqft.

Source: Dubai Land Department. Updated 23 August 2024.

Questions about 1503, Executive Tower B (East Heights 4)

What did unit 1503 last sell for?

AED 1,500,000 on 23 August 2024: AED 1,100 per sqft for 1,363 sqft. The unit has 3 registered sales; the first was AED 1,506,000 in September 2015.

What is the rent for unit 1503?

AED 90,000 a year on the contract renewed on 28 December 2023. The previous contract, from December 2022, was AED 90,000; the unit has been rented since June 2013.

How big is unit 1503?

1,363 sqft (126.6 sqm): a one-bedroom apartment on the 15th floor of a 45-storey tower completed in 2009.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Executive Tower B (East Heights 4) sold for AED 1,675,000 to 1,800,000 in the last 12 months, around AED 1,268 per sqft.

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Mortgage on 1503, Executive Tower B (East Heights 4)

Starts from the last sale price (AED 1.5M, 23 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →