1-bed · 1,356 sqftExecutive Tower B (East Heights 4), Business Bay · 16th floor · completed 2009

1608, Executive Tower B (East Heights 4)

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 28 October 2024
Last soldAED 1.76M31 January 2023
Current rentAED 105K /yr28 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1608, Executive Tower B (East Heights 4)

What is 1608 worth today?

Last sold for AED 1,762,852 in 2023

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28 Oct 2024RentedNew contract
AED 105,000/yr12 months · AED 77 per sqft
28 Aug 2023RentedNew contract
AED 88,000/yr12 months · AED 65 per sqft
31 Jan 2023SoldReady
AED 1,762,852AED 1,299 per sqft
10 Jan 2023RentedNew contract
AED 61,000/yr6 months · AED 45 per sqft
20 Dec 2022SoldReady
AED 1,160,000AED 855 per sqft
10 Jan 2022RentedRenewal
AED 58,000/yr12 months · AED 43 per sqft
10 Jan 2021RentedNew contract
AED 58,000/yr12 months · AED 43 per sqft
20 Sep 2020RentedRenewal
AED 60,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 28 October 2024.

Key facts

Type
1-bed apartment
Size
1,356 sqft
Floor
16th of 45
Parking
BB - 156
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,500 /yr
Last sold
AED 1.76M · January 2023

About 1608, Executive Tower B (East Heights 4)

1608 is a one-bedroom apartment of 1,356 sqft on the 16th 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 31 January 2023 for AED 1,762,852, or AED 1,299 per sqft, 52% above the AED 852 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 28 October 2024, is AED 105,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 21,500 a year.

Sales and rents for 1608 over time

Sales
Unit 1608, each saleTypical one-bed in Executive Tower B (East Heights 4)
1M2M2010201520202025Typical 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, March 2013: AED 657,500 (AED 484 per sqft)Sold, December 2022: AED 1,160,000 (AED 855 per sqft)Sold, January 2023: AED 1,762,852 (AED 1,299 per sqft)

1608 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1608, each contractTypical one-bed in Executive Tower B (East Heights 4)
50K75K100K2012201620202024Typical 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, September 2017: AED 90,000 a yearRenewal, September 2018: AED 77,784 a yearNew contract, September 2019: AED 72,000 a yearRenewal, September 2020: AED 60,000 a yearNew contract, January 2021: AED 58,000 a yearRenewal, January 2022: AED 58,000 a yearNew contract, January 2023: AED 61,000 a yearNew contract, August 2023: AED 88,000 a yearNew contract, October 2024: AED 105,000 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 1608 sits

All 162 1-beds →

1608 last sold in January 2023 at AED 1,299 per sqft, 52% above what one-beds in Executive Tower B (East Heights 4) were fetching at the time (AED 852). 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. 1608's AED 105,000 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
1601StudioAED 920K · Jun 2010
1602StudioAED 950K · Oct 2010
1603StudioAED 1.35M · Feb 2017
1604StudioAED 1.53M · Sep 2014
16051-bedAED 1.2M · Aug 2023
16061-bedAED 1.86M · Feb 2011
16071-bedAED 700K · Mar 2024
1–7 of 11

1608, Executive Tower B (East Heights 4) in numbers

  • Sold 3 times: first on 3 March 2013 for AED 657,500, last on 31 January 2023 for AED 1,762,852 (AED 1,299 per sqft).
  • Rented since September 2017 on 9 Ejari contracts. The rent fell from AED 90,000 to AED 58,000 in 2022 and recovered to AED 105,000 by October 2024.
  • At AED 105,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 21,500 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 28 October 2024.

Questions about 1608, Executive Tower B (East Heights 4)

What did unit 1608 last sell for?

AED 1,762,852 on 31 January 2023: AED 1,299 per sqft for 1,356 sqft. The unit has 3 registered sales; the first was AED 657,500 in March 2013.

What is the rent for unit 1608?

AED 105,000 a year on the contract signed on 28 October 2024. The previous contract, from August 2023, was AED 88,000; the unit has been rented since September 2017.

How big is unit 1608?

1,356 sqft (126.0 sqm): a one-bedroom apartment on the 16th floor of a 45-storey tower completed in 2009.

What is unit 1608 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 1608, Executive Tower B (East Heights 4)

Starts from the last sale price (AED 1.76M, 31 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,762,852
Deposit, UAE resident (20%)
AED 352,570
Deposit, non-resident (40%)
AED 705,141
Monthly over 25 years at 3.7%
AED 7,212

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