3-bed · 2,107 sqftExecutive Tower F (East Heights 1), Business Bay · 6th floor · completed 2009

602, Executive Tower F (East Heights 1)

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 2.04M23 October 2012
Current rentAED 184K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Executive Tower F (East Heights 1)

What is 602 worth today?

Last sold for AED 2,035,000 in 2012

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1 Oct 2020RentedRenewal
AED 184,000/yr12 months · AED 87 per sqft
1 Oct 2019RentedRenewal
AED 184,000/yr12 months · AED 87 per sqft
1 Oct 2018RentedRenewal
AED 184,000/yr12 months · AED 87 per sqft
1 Oct 2017RentedNew contract
AED 184,000/yr12 months · AED 87 per sqft
9 Jul 2016RentedRenewal
AED 185,000/yr12 months · AED 88 per sqft
9 Jul 2015RentedRenewal
AED 185,000/yr12 months · AED 88 per sqft
9 Jul 2014RentedNew contract
AED 185,000/yr12 months · AED 88 per sqft
1 Mar 2014RentedNew contract
AED 111,000/yr4 months · AED 53 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
3-bed apartment
Size
2,107 sqft
Floor
6th of 29
Parking
FB - 27 & 28
Developer
Dubai Properties
Completed
2009
Service charge
AED 33,600 /yr
Last sold
AED 2.04M · October 2012

About 602, Executive Tower F (East Heights 1)

602 is a three-bedroom apartment of 2,107 sqft on the 6th floor of Executive Tower F (East Heights 1), a 29-storey tower in Business Bay completed in 2009 by Dubai Properties. The developer sold it on 23 October 2012 for AED 2,035,000, or AED 965 per sqft, in line with the AED 981 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 October 2020, is AED 184,000 a year: a gross yield of 9.0% on the 2012 price, before the service charge of about AED 33,600 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, October 2012: AED 2,035,000 (AED 965 per sqft)

602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 602, 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, March 2014: AED 111,000 a yearNew contract, July 2014: AED 185,000 a yearRenewal, July 2015: AED 185,000 a yearRenewal, July 2016: AED 185,000 a yearNew contract, October 2017: AED 184,000 a yearRenewal, October 2018: AED 184,000 a yearRenewal, October 2019: AED 184,000 a yearRenewal, October 2020: AED 184,000 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 602 sits

All 60 3-beds →

602 last sold in October 2012 at AED 965 per sqft, in line with what three-beds in Executive Tower F (East Heights 1) were fetching at the time (AED 981). 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. 602's AED 184,000 is in the lower half 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
6013-bedAED 1.89M · Mar 2011
6031-bedAED 1.38M · Aug 2023
6041-bedAED 1.28M · Oct 2010
6052-bedAED 2.18M · Apr 2017
6062-bedAED 1.91M · Dec 2011

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

  • Sold once: by Dubai Properties on 23 October 2012 for AED 2,035,000, or AED 965 per sqft.
  • Rented since March 2014 on 8 Ejari contracts, from AED 111,000 to AED 184,000 a year.
  • At AED 184,000 a year the gross yield on the 2012 price is 9.0%, before a service charge of about AED 33,600 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 1 October 2020.

Questions about 602, Executive Tower F (East Heights 1)

What did unit 602 last sell for?

AED 2,035,000 on 23 October 2012, sold by the developer: AED 965 per sqft for 2,107 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 184,000 a year on the contract renewed on 1 October 2020. The previous contract, from October 2019, was AED 184,000; the unit has been rented since March 2014.

How big is unit 602?

2,107 sqft (195.7 sqm): a three-bedroom apartment on the 6th floor of a 29-storey tower completed in 2009.

What is unit 602 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 602, Executive Tower F (East Heights 1)

Starts from the last sale price (AED 2.04M, 23 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,035,000
Deposit, UAE resident (20%)
AED 407,000
Deposit, non-resident (40%)
AED 814,000
Monthly over 25 years at 3.7%
AED 8,326

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