3-bed · 1,848 sqftExecutive Tower E (East Heights 2), Business Bay · 15th floor · completed 2009

1502, Executive Tower E (East Heights 2)

Sold prices and rental history: sold 5 times, last in September 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 18 September 2024
Last soldAED 2.53M18 September 2024
Current rentAED 132K /yr5 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, Executive Tower E (East Heights 2)

What is 1502 worth today?

Last sold for AED 2,525,000 in 2024

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18 Sep 2024SoldReady
AED 2,525,000AED 1,366 per sqft
5 Dec 2023RentedRenewal
AED 132,300/yr12 months · AED 71 per sqft
5 Dec 2022RentedRenewal
AED 126,000/yr12 months · AED 68 per sqft
5 Dec 2021RentedNew contract
AED 115,000/yr12 months · AED 62 per sqft
18 Nov 2020RentedNew contract
AED 90,000/yr12 months · AED 49 per sqft
10 Sep 2019RentedNew contract
AED 130,000/yr12 months · AED 70 per sqft
14 Aug 2014RentedNew contract
AED 179,517/yr12 months · AED 97 per sqft
30 Mar 2014SoldReady
AED 2,650,000AED 1,434 per sqft

Source: Dubai Land Department. Updated 18 September 2024.

Key facts

Type
3-bed apartment
Size
1,848 sqft
Floor
15th of 28
Parking
EM - 13 & 14
Developer
Dubai Properties
Completed
2009
Service charge
AED 43,300 /yr
Last sold
AED 2.53M · September 2024

About 1502, Executive Tower E (East Heights 2)

1502 is a three-bedroom apartment of 1,848 sqft on the 15th floor of Executive Tower E (East Heights 2), a 28-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 18 September 2024 for AED 2,525,000, or AED 1,366 per sqft, 9% above the AED 1,255 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 5 December 2023, is AED 132,300 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 43,300 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical three-bed in Executive Tower E (East Heights 2)
2M2009201420192024Typical sale price by year: 2009 AED 2,483,389; 2010 AED 2,483,389; 2011 AED 1,335,280; 2012 AED 1,800,000; 2013 AED 2,426,550; 2014 AED 2,975,000; 2016 AED 2,440,000; 2018 AED 1,925,000; 2023 AED 2,100,000; 2024 AED 2,335,891; 2025 AED 3,100,000; 2026 AED 2,793,141Sold by developer, December 2009: AED 2,483,389 (AED 1,343 per sqft)Sold, January 2011: AED 770,000 (AED 416 per sqft)Sold, August 2011: AED 1,340,000 (AED 725 per sqft)Sold, March 2014: AED 2,650,000 (AED 1,434 per sqft)Sold, September 2024: AED 2,525,000 (AED 1,366 per sqft)

1502 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, each contractTypical three-bed in Executive Tower E (East Heights 2)
100K150K2013201720212025Typical rent by year: 2013 AED 110,098; 2014 AED 150,000; 2015 AED 165,000; 2016 AED 170,000; 2017 AED 162,500; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 107,000; 2021 AED 110,000; 2022 AED 120,500; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 177,000; 2026 AED 175,000New contract, August 2014: AED 179,517 a yearNew contract, September 2019: AED 130,000 a yearNew contract, November 2020: AED 90,000 a yearNew contract, December 2021: AED 115,000 a yearRenewal, December 2022: AED 126,000 a yearRenewal, December 2023: AED 132,300 a year

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

3-beds in Executive Tower E (East Heights 2), and where 1502 sits

All 50 3-beds →

1502 last sold in September 2024 at AED 1,366 per sqft, 9% above what three-beds in Executive Tower E (East Heights 2) were fetching at the time (AED 1,255). Over the last 12 months three-beds sold for AED 2,750,000 to 4,600,000, around AED 1,511 per sqft, and rent for AED 120,000 to 240,000 a year. 1502's AED 132,300 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
20 Oct 20264,600,000
16 Sep 20262,790,000
20 Jul 20262,750,000
18 Jul 20262,770,000
6 3-bed sales in the last 12 months

Executive Tower E (East Heights 2)

Building

104 apartments, 2-bed to 4-bed over 28 floors in Business Bay, completed in 2009 by Dubai Properties. 7 sold in the last 12 months.

Typical price per sqft
AED 1,509
Typical sale
AED 2.79M
Typical rent
AED 155K /yr
Typical yield
6.3%
Executive Tower E (East Heights 2), Business Bay: prices, sales and rents →
Value
15012-bedAED 2.2M · Jun 2015
15032-bedAED 2.76M · Jun 2010
15043-bedAED 1.52M · Apr 2012

1502, Executive Tower E (East Heights 2) in numbers

  • Sold 5 times: first on 10 December 2009 for AED 2,483,389, last on 18 September 2024 for AED 2,525,000 (AED 1,366 per sqft).
  • Rented since August 2014 on 6 Ejari contracts. The rent fell from AED 179,517 to AED 90,000 in 2020 and recovered to AED 132,300 by December 2023.
  • At AED 132,300 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 43,300 a year (AED 23.43 per sqft).
  • Three-beds in Executive Tower E (East Heights 2) sold for AED 2,750,000–4,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,509 per sqft.

Source: Dubai Land Department. Updated 18 September 2024.

Questions about 1502, Executive Tower E (East Heights 2)

What did unit 1502 last sell for?

AED 2,525,000 on 18 September 2024: AED 1,366 per sqft for 1,848 sqft. The unit has 5 registered sales; the first was AED 2,483,389 in December 2009.

What is the rent for unit 1502?

AED 132,300 a year on the contract renewed on 5 December 2023. The previous contract, from December 2022, was AED 126,000; the unit has been rented since August 2014.

How big is unit 1502?

1,848 sqft (171.7 sqm): a three-bedroom apartment on the 15th floor of a 28-storey tower completed in 2009.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Executive Tower E (East Heights 2) sold for AED 2,750,000 to 4,600,000 in the last 12 months, around AED 1,511 per sqft.

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Mortgage on 1502, Executive Tower E (East Heights 2)

Starts from the last sale price (AED 2.53M, 18 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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