2-bed · 1,559 sqftExecutive Tower C (East Heights 3), Business Bay · 17th floor · completed 2009

1701, Executive Tower C (East Heights 3)

Sold prices and rental history: sold twice, last in November 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 7 November 2016
Last soldAED 2.08M7 November 2016
Current rentAED 145K /yr1 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Executive Tower C (East Heights 3)

What is 1701 worth today?

Last sold for AED 2,075,000 in 2016

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7 Nov 2016SoldReady
AED 2,075,000AED 1,330 per sqft
1 May 2016RentedNew contract
AED 145,000/yr12 months · AED 93 per sqft
11 Feb 2015Sold by developerReady
AED 2,200,000AED 1,410 per sqft
1 Apr 2014RentedRenewal
AED 78,000/yr12 months · AED 50 per sqft
1 Apr 2013RentedNew contract
AED 73,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 7 November 2016.

Key facts

Type
2-bed apartment
Size
1,559 sqft
Floor
17th of 27
Parking
CM-31
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,900 /yr
Last sold
AED 2.08M · November 2016

About 1701, Executive Tower C (East Heights 3)

1701 is a two-bedroom apartment of 1,559 sqft on the 17th floor of Executive Tower C (East Heights 3), a 27-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 7 November 2016 for AED 2,075,000, or AED 1,330 per sqft, 7% above the AED 1,248 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 May 2016, is AED 145,000 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in Executive Tower C (East Heights 3)
2M2014201820222026Typical sale price by year: 2014 AED 2,359,110; 2015 AED 2,286,725; 2016 AED 2,037,500; 2017 AED 1,900,000; 2022 AED 1,635,000; 2023 AED 1,647,500; 2024 AED 2,287,500; 2025 AED 2,125,000; 2026 AED 2,170,000Sold by developer, February 2015: AED 2,200,000 (AED 1,410 per sqft)Sold, November 2016: AED 2,075,000 (AED 1,330 per sqft)

1701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Executive Tower C (East Heights 3)
100K150K2012201620202024Typical rent by year: 2012 AED 73,000; 2013 AED 78,500; 2014 AED 84,000; 2015 AED 125,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 113,750; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 85,000; 2022 AED 93,000; 2023 AED 107,500; 2024 AED 125,000; 2025 AED 140,000; 2026 AED 133,125New contract, April 2013: AED 73,000 a yearRenewal, April 2014: AED 78,000 a yearNew contract, May 2016: AED 145,000 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 C (East Heights 3), and where 1701 sits

All 50 2-beds →

1701 last sold in November 2016 at AED 1,330 per sqft, 7% above what two-beds in Executive Tower C (East Heights 3) were fetching at the time (AED 1,248). Over the last 12 months two-beds sold for AED 1,850,000 to 2,550,000, around AED 1,324 per sqft, and rent for AED 110,557 to 160,000 a year. 1701's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Aug 20262,170,000
29 Jul 20261,850,000
12 Mar 20262,345,000
18 Feb 20262,450,000
9 2-bed sales in the last 12 months

Executive Tower C (East Heights 3)

Building

128 apartments, 1-bed to 4-bed over 27 floors in Business Bay, completed in 2009 by Dubai Properties. 16 sold in the last 12 months.

Typical price per sqft
AED 1,361 Up 1.5%
Typical sale
AED 2.5M
Typical rent
AED 156K /yr
Typical yield
6.5%
Executive Tower C (East Heights 3), Business Bay: prices, sales and rents →
Value
17022-bedAED 1.58M · May 2023
17032-bedAED 1.36M · Jul 2022
17042-bedAED 2.13M · Aug 2025
17052-bedAED 1.64M · May 2022
17062-bedAED 1.68M · Apr 2022

1701, Executive Tower C (East Heights 3) in numbers

  • Sold twice: first on 11 February 2015 for AED 2,200,000, last on 7 November 2016 for AED 2,075,000 (AED 1,330 per sqft).
  • Rented since April 2013 on 3 Ejari contracts, from AED 73,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 23,900 a year (AED 15.30 per sqft).
  • Two-beds in Executive Tower C (East Heights 3) sold for AED 1,850,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,361 per sqft.

Source: Dubai Land Department. Updated 7 November 2016.

Questions about 1701, Executive Tower C (East Heights 3)

What did unit 1701 last sell for?

AED 2,075,000 on 7 November 2016: AED 1,330 per sqft for 1,559 sqft. The unit has 2 registered sales; the first was AED 2,200,000 in February 2015.

What is the rent for unit 1701?

AED 145,000 a year on the contract signed on 1 May 2016. The previous contract, from April 2014, was AED 78,000; the unit has been rented since April 2013.

How big is unit 1701?

1,559 sqft (144.8 sqm): a two-bedroom apartment on the 17th floor of a 27-storey tower completed in 2009.

What is unit 1701 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 C (East Heights 3) sold for AED 1,850,000 to 2,550,000 in the last 12 months, around AED 1,324 per sqft.

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Mortgage on 1701, Executive Tower C (East Heights 3)

Starts from the last sale price (AED 2.08M, 7 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,075,000
Deposit, UAE resident (20%)
AED 415,000
Deposit, non-resident (40%)
AED 830,000
Monthly over 25 years at 3.7%
AED 8,489

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