3-bed · 2,103 sqftExecutive Tower F (East Heights 1), Business Bay · 15th floor · completed 2009

1501, Executive Tower F (East Heights 1)

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 19 August 2024
Last soldAED 3.15M19 August 2024
Current rentAED 165K /yr10 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Executive Tower F (East Heights 1)

What is 1501 worth today?

Last sold for AED 3,150,000 in 2024

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19 Aug 2024SoldReady
AED 3,150,000AED 1,497 per sqft
10 May 2024RentedRenewal
AED 165,000/yr4 months · AED 79 per sqft
10 May 2023RentedRenewal
AED 145,000/yr12 months · AED 69 per sqft
10 May 2022RentedRenewal
AED 135,000/yr12 months · AED 64 per sqft
10 May 2021RentedRenewal
AED 110,000/yr12 months · AED 52 per sqft
10 May 2020RentedRenewal
AED 125,000/yr12 months · AED 60 per sqft
10 May 2019RentedNew contract
AED 150,000/yr12 months · AED 71 per sqft
2 Jun 2014RentedNew contract
AED 166,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 19 August 2024.

Key facts

Type
3-bed apartment
Size
2,103 sqft
Floor
15th of 29
Parking
FB - 97 & 98
Developer
Dubai Properties
Completed
2009
Service charge
AED 33,500 /yr
Last sold
AED 3.15M · August 2024

About 1501, Executive Tower F (East Heights 1)

1501 is a three-bedroom apartment of 2,103 sqft on the 15th floor of Executive Tower F (East Heights 1), a 29-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 19 August 2024 for AED 3,150,000, or AED 1,497 per sqft, 10% above the AED 1,362 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 10 May 2024, is AED 165,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 33,500 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical three-bed in Executive Tower F (East Heights 1)
2M3M2010201520202025Typical sale price by year: 2010 AED 2,035,000; 2011 AED 1,945,000; 2012 AED 2,035,000; 2013 AED 2,110,000; 2014 AED 3,020,000; 2015 AED 2,035,000; 2016 AED 2,650,000; 2017 AED 2,790,000; 2018 AED 2,375,000; 2020 AED 1,855,000; 2021 AED 2,130,000; 2023 AED 2,475,000; 2024 AED 3,000,000; 2025 AED 3,300,000; 2026 AED 3,400,000Sold by developer, March 2013: AED 2,035,000 (AED 967 per sqft)Sold, March 2014: AED 3,364,800 (AED 1,599 per sqft)Sold, August 2024: AED 3,150,000 (AED 1,497 per sqft)

1501 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1501, each contractTypical three-bed in Executive Tower F (East Heights 1)
100K150K200K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 170,500; 2015 AED 177,500; 2016 AED 175,000; 2017 AED 170,000; 2018 AED 145,000; 2019 AED 135,000; 2020 AED 117,500; 2021 AED 110,000; 2022 AED 121,000; 2023 AED 144,799; 2024 AED 175,000; 2025 AED 195,000; 2026 AED 201,383New contract, June 2014: AED 166,000 a yearNew contract, May 2019: AED 150,000 a yearRenewal, May 2020: AED 125,000 a yearRenewal, May 2021: AED 110,000 a yearRenewal, May 2022: AED 135,000 a yearRenewal, May 2023: AED 145,000 a yearRenewal, May 2024: AED 165,000 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 F (East Heights 1), and where 1501 sits

All 60 3-beds →

1501 last sold in August 2024 at AED 1,497 per sqft, 10% above what three-beds in Executive Tower F (East Heights 1) were fetching at the time (AED 1,362). Over the last 12 months three-beds sold for AED 2,750,000 to 3,650,000, around AED 1,655 per sqft, and rent for AED 169,785 to 340,000 a year. 1501's AED 165,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
20 Oct 20263,400,000
18 Aug 20263,550,000
13 May 20263,650,000
30 Apr 20262,750,000
5 3-bed sales in the last 12 months

Executive Tower F (East Heights 1)

Building

141 apartments, 1-bed to 4-bed over 29 floors in Business Bay, completed in 2009 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,478
Typical sale
AED 3.4M
Typical rent
AED 145K /yr
Typical yield
5.5%
Executive Tower F (East Heights 1), Business Bay: prices, sales and rents →
Value
15023-bedAED 2.44M · Jan 2013
15032-bedAED 1.01M · Jan 2012
15042-bedAED 1.37M · Aug 2022
15052-bedAED 1.82M · Dec 2010
15062-bedAED 1.82M · Oct 2015

1501, Executive Tower F (East Heights 1) in numbers

  • Sold 3 times: first on 4 March 2013 for AED 2,035,000, last on 19 August 2024 for AED 3,150,000 (AED 1,497 per sqft).
  • Rented since June 2014 on 7 Ejari contracts. The rent fell from AED 166,000 to AED 110,000 in 2021 and recovered to AED 165,000 by May 2024.
  • At AED 165,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 33,500 a year (AED 15.94 per sqft).
  • Three-beds in Executive Tower F (East Heights 1) sold for AED 2,750,000–3,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 19 August 2024.

Questions about 1501, Executive Tower F (East Heights 1)

What did unit 1501 last sell for?

AED 3,150,000 on 19 August 2024: AED 1,497 per sqft for 2,103 sqft. The unit has 3 registered sales; the first was AED 2,035,000 in March 2013.

What is the rent for unit 1501?

AED 165,000 a year on the contract renewed on 10 May 2024. The previous contract, from May 2023, was AED 145,000; the unit has been rented since June 2014.

How big is unit 1501?

2,103 sqft (195.4 sqm): a three-bedroom apartment on the 15th floor of a 29-storey tower completed in 2009.

What is unit 1501 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 F (East Heights 1) sold for AED 2,750,000 to 3,650,000 in the last 12 months, around AED 1,655 per sqft.

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Mortgage on 1501, Executive Tower F (East Heights 1)

Starts from the last sale price (AED 3.15M, 19 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

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