3-bed · 1,948 sqftExecutive Tower G (West Heights 6), Business Bay · 16th floor · completed 2009

1603, Executive Tower G (West Heights 6)

Sold prices and rental history: sold twice, last in March 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 27 March 2017
Last soldAED 2.45M27 March 2017
Current rentAED 190K /yr28 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Executive Tower G (West Heights 6)

What is 1603 worth today?

Last sold for AED 2,450,000 in 2017

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27 Mar 2017SoldReady
AED 2,450,000AED 1,257 per sqft
28 Apr 2015RentedNew contract
AED 190,000/yr24 months · AED 98 per sqft
28 Apr 2015RentedNew contract
AED 95,000/yr24 months · AED 49 per sqft
31 Mar 2014Sold by developerReady
AED 1,412,300AED 724 per sqft
1 Apr 2013RentedNew contract
AED 117,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 27 March 2017.

Key facts

Type
3-bed apartment
Size
1,948 sqft
Floor
16th of 41
Parking
GB105, GB106
Developer
Dubai Properties
Completed
2009
Service charge
AED 32,800 /yr
Last sold
AED 2.45M · March 2017

About 1603, Executive Tower G (West Heights 6)

1603 is a three-bedroom apartment of 1,948 sqft on the 16th floor of Executive Tower G (West Heights 6), a 41-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 27 March 2017 for AED 2,450,000, or AED 1,257 per sqft, 8% below the AED 1,364 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 28 April 2015, is AED 190,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 32,800 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical three-bed in Executive Tower G (West Heights 6)
2M3M2013201720212025Typical sale price by year: 2013 AED 2,671,188; 2014 AED 2,720,325; 2016 AED 2,690,000; 2018 AED 2,400,000; 2020 AED 1,505,000; 2021 AED 1,800,000; 2022 AED 1,970,000; 2023 AED 2,395,000; 2024 AED 2,687,500; 2025 AED 3,000,000; 2026 AED 3,150,000Sold by developer, March 2014: AED 1,412,300 (AED 724 per sqft)Sold, March 2017: AED 2,450,000 (AED 1,257 per sqft)

1603 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1603, each contractTypical three-bed in Executive Tower G (West Heights 6)
100K150K200K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 113,000; 2014 AED 130,000; 2015 AED 170,000; 2016 AED 167,000; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 110,000; 2022 AED 124,808; 2023 AED 140,000; 2024 AED 170,000; 2025 AED 185,000; 2026 AED 190,000New contract, April 2013: AED 117,000 a yearNew contract, April 2015: AED 190,000 a yearNew contract, April 2015: AED 95,000 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 G (West Heights 6), and where 1603 sits

All 86 3-beds →

1603 last sold in March 2017 at AED 1,257 per sqft, 8% below what three-beds in Executive Tower G (West Heights 6) were fetching at the time (AED 1,364). Over the last 12 months three-beds sold for AED 2,975,000 to 3,285,000, around AED 1,626 per sqft, and rent for AED 120,000 to 225,000 a year. 1603's AED 190,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Sep 20263,150,000
18 Sep 20263,175,000
23 Apr 20263,285,000
6 Feb 20263,000,000
8 3-bed sales in the last 12 months

Executive Tower G (West Heights 6)

Building

151 apartments, 1-bed to 4-bed over 41 floors in Business Bay, completed in 2009 by Dubai Properties. 12 sold in the last 12 months.

Typical price per sqft
AED 1,620 Up 10.5%
Typical sale
AED 3.08M
Typical rent
AED 175K /yr
Typical yield
6.0%
Executive Tower G (West Heights 6), Business Bay: prices, sales and rents →
Value
16013-bedAED 1.5M · Dec 2020
16023-bedAED 1.97M · May 2022
16043-bedAED 2.77M · May 2014

1603, Executive Tower G (West Heights 6) in numbers

  • Sold twice: first on 31 March 2014 for AED 1,412,300, last on 27 March 2017 for AED 2,450,000 (AED 1,257 per sqft).
  • Rented since April 2013 on 3 Ejari contracts. The rent fell from AED 117,000 to AED 95,000 in 2015 and recovered to AED 190,000 by April 2015.
  • At AED 190,000 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 32,800 a year (AED 16.86 per sqft).
  • Three-beds in Executive Tower G (West Heights 6) sold for AED 2,975,000–3,285,000 in the 12 months to November 2026; the building's median across all types is AED 1,620 per sqft.

Source: Dubai Land Department. Updated 27 March 2017.

Questions about 1603, Executive Tower G (West Heights 6)

What did unit 1603 last sell for?

AED 2,450,000 on 27 March 2017: AED 1,257 per sqft for 1,948 sqft. The unit has 2 registered sales; the first was AED 1,412,300 in March 2014.

What is the rent for unit 1603?

AED 190,000 a year on the contract signed on 28 April 2015. The previous contract, from April 2015, was AED 95,000; the unit has been rented since April 2013.

How big is unit 1603?

1,948 sqft (181.0 sqm): a three-bedroom apartment on the 16th floor of a 41-storey tower completed in 2009.

What is unit 1603 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 G (West Heights 6) sold for AED 2,975,000 to 3,285,000 in the last 12 months, around AED 1,626 per sqft.

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Mortgage on 1603, Executive Tower G (West Heights 6)

Starts from the last sale price (AED 2.45M, 27 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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