2-bed · 1,606 sqftExecutive Tower B (East Heights 4), Business Bay · 24th floor · completed 2009

2408, Executive Tower B (East Heights 4)

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2408 · DLD and Ejari recordsUpdated 15 June 2023
Last soldAED 1.55M2 June 2022
Current rentAED 100K /yr15 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2408, Executive Tower B (East Heights 4)

What is 2408 worth today?

Last sold for AED 1,550,000 in 2022

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15 Jun 2023RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
15 Jun 2022RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
2 Jun 2022SoldReady
AED 1,550,000AED 965 per sqft
6 Aug 2020SoldReady
AED 1,191,500AED 741 per sqft
17 Sep 2019RentedRenewal
AED 99,726/yr3 months · AED 62 per sqft
17 Sep 2018RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
17 Aug 2017RentedRenewal
AED 120,000/yr12 months · AED 75 per sqft
17 Aug 2016RentedNew contract
AED 120,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 15 June 2023.

Key facts

Type
2-bed apartment
Size
1,606 sqft
Floor
24th of 45
Parking
BM - 107
Developer
Dubai Properties
Completed
2009
Service charge
AED 25,400 /yr
Last sold
AED 1.55M · June 2022

About 2408, Executive Tower B (East Heights 4)

2408 is a two-bedroom apartment of 1,606 sqft on the 24th 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 2 June 2022 for AED 1,550,000, or AED 965 per sqft, in line with the AED 972 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 June 2023, is AED 100,000 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 25,400 a year.

Sales and rents for 2408 over time

Sales
Unit 2408, each saleTypical two-bed in Executive Tower B (East Heights 4)
1M2M2010201520202025Typical sale price by year: 2010 AED 1,685,200; 2011 AED 1,250,000; 2012 AED 1,802,250; 2013 AED 1,992,500; 2014 AED 2,525,000; 2015 AED 1,962,500; 2016 AED 2,150,000; 2017 AED 2,237,500; 2018 AED 1,950,000; 2019 AED 1,425,000; 2020 AED 1,550,000; 2021 AED 1,625,000; 2022 AED 1,610,000; 2023 AED 1,909,000; 2024 AED 2,175,000; 2025 AED 2,305,000; 2026 AED 2,450,000Sold by developer, July 2011: AED 822,500 (AED 512 per sqft)Sold, August 2020: AED 1,191,500 (AED 741 per sqft)Sold, June 2022: AED 1,550,000 (AED 965 per sqft)

2408 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2408, each contractTypical two-bed in Executive Tower B (East Heights 4)
100K125K2013201720212025Typical rent by year: 2013 AED 97,375; 2014 AED 126,250; 2015 AED 140,000; 2016 AED 140,000; 2017 AED 132,250; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 93,000; 2021 AED 88,000; 2022 AED 100,000; 2023 AED 120,750; 2024 AED 135,000; 2025 AED 140,000; 2026 AED 138,500New contract, October 2013: AED 95,000 a yearRenewal, October 2014: AED 104,500 a yearNew contract, August 2016: AED 120,000 a yearRenewal, August 2017: AED 120,000 a yearNew contract, September 2018: AED 100,000 a yearRenewal, September 2019: AED 99,726 a yearNew contract, June 2022: AED 100,000 a yearNew contract, June 2023: AED 100,000 a year

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

2-beds in Executive Tower B (East Heights 4), and where 2408 sits

All 92 2-beds →

2408 last sold in June 2022 at AED 965 per sqft, in line with what two-beds in Executive Tower B (East Heights 4) were fetching at the time (AED 972). Over the last 12 months two-beds sold for AED 1,200,000 to 3,300,000, around AED 1,496 per sqft, and rent for AED 100,000 to 200,000 a year. 2408's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20262,300,000
13 Aug 20262,201,456
7 Aug 20262,400,000
2 Jul 20261,200,000
9 2-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
24012-bedAED 1.65M · Mar 2011
24022-bedAED 1.76M · Apr 2012
24031-bedAED 982K · Jul 2015
24041-bedAED 1.05M · May 2012
24051-bedAED 950K · Apr 2014
24061-bedAED 800K · Jun 2021
24072-bedAED 2M · Oct 2023

2408, Executive Tower B (East Heights 4) in numbers

  • Sold 3 times: first on 31 July 2011 for AED 822,500, last on 2 June 2022 for AED 1,550,000 (AED 965 per sqft).
  • Rented since October 2013 on 8 Ejari contracts, from AED 95,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 25,400 a year (AED 15.82 per sqft).
  • Two-beds in Executive Tower B (East Heights 4) sold for AED 1,200,000–3,300,000 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 15 June 2023.

Questions about 2408, Executive Tower B (East Heights 4)

What did unit 2408 last sell for?

AED 1,550,000 on 2 June 2022: AED 965 per sqft for 1,606 sqft. The unit has 3 registered sales; the first was AED 822,500 in July 2011.

What is the rent for unit 2408?

AED 100,000 a year on the contract signed on 15 June 2023. The previous contract, from June 2022, was AED 100,000; the unit has been rented since October 2013.

How big is unit 2408?

1,606 sqft (149.2 sqm): a two-bedroom apartment on the 24th floor of a 45-storey tower completed in 2009.

What is unit 2408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Tower B (East Heights 4) sold for AED 1,200,000 to 3,300,000 in the last 12 months, around AED 1,496 per sqft.

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Mortgage on 2408, Executive Tower B (East Heights 4)

Starts from the last sale price (AED 1.55M, 2 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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