4-bed · 2,874 sqftExecutive Tower H (West Heights 5), Business Bay · 24th floor · completed 2009

2403, Executive Tower H (West Heights 5)

Sold prices and rental history: sold once, by the developer in February 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 22 September 2016
Last soldAED 2.82M24 February 2013
Current rentAED 230K /yr22 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Executive Tower H (West Heights 5)

What is 2403 worth today?

Last sold for AED 2,815,000 in 2013

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22 Sep 2016RentedRenewal
AED 230,000/yr12 months · AED 80 per sqft
22 Sep 2015RentedRenewal
AED 230,000/yr12 months · AED 80 per sqft
22 Sep 2014RentedNew contract
AED 230,000/yr12 months · AED 80 per sqft
22 Sep 2013RentedNew contract
AED 230,000/yr12 months · AED 80 per sqft
24 Feb 2013Sold by developerReady
AED 2,815,000AED 979 per sqft

Source: Dubai Land Department. Updated 22 September 2016.

Key facts

Type
4-bed apartment
Size
2,874 sqft
Floor
24th of 44
Parking
HM - 61 & 62
Developer
Dubai Properties
Completed
2009
Service charge
AED 43,700 /yr
Last sold
AED 2.82M · February 2013

About 2403, Executive Tower H (West Heights 5)

2403 is a four-bedroom apartment of 2,874 sqft on the 24th floor of Executive Tower H (West Heights 5), a 44-storey tower in Business Bay completed in 2009 by Dubai Properties. The developer sold it on 24 February 2013 for AED 2,815,000, or AED 979 per sqft, in line with the AED 968 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 22 September 2016, is AED 230,000 a year: a gross yield of 8.2% on the 2013 price, before the service charge of about AED 43,700 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical four-bed in Executive Tower H (West Heights 5)
2M4M20102014201820222026Typical sale price by year: 2010 AED 2,688,325; 2011 AED 2,605,000; 2012 AED 2,750,000; 2013 AED 3,200,000; 2014 AED 2,605,000; 2015 AED 3,900,000; 2016 AED 3,900,000; 2017 AED 3,600,000; 2019 AED 2,800,000; 2020 AED 2,500,000; 2022 AED 3,355,705; 2024 AED 4,350,000; 2025 AED 5,400,000Sold by developer, February 2013: AED 2,815,000 (AED 979 per sqft)

2403 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2403, each contractTypical four-bed in Executive Tower H (West Heights 5)
200K300K2013201720212025Typical rent by year: 2013 AED 222,500; 2014 AED 220,000; 2015 AED 230,000; 2016 AED 225,000; 2017 AED 210,000; 2018 AED 190,000; 2019 AED 175,250; 2020 AED 153,500; 2021 AED 160,000; 2022 AED 176,000; 2023 AED 205,000; 2024 AED 250,000; 2025 AED 300,000; 2026 AED 290,000New contract, September 2013: AED 230,000 a yearNew contract, September 2014: AED 230,000 a yearRenewal, September 2015: AED 230,000 a yearRenewal, September 2016: AED 230,000 a year

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

4-beds in Executive Tower H (West Heights 5), and where 2403 sits

All 56 4-beds →

2403 last sold in February 2013 at AED 979 per sqft, in line with what four-beds in Executive Tower H (West Heights 5) were fetching at the time (AED 968). Over the last 12 months four-beds sold for AED 5,400,000, around AED 1,879 per sqft, and rent for AED 265,650 to 309,999 a year. 2403's AED 230,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
5 Dec 20255,400,000
11 Aug 20255,375,000
2 Jun 20255,400,000
27 Mar 20255,500,000
1 4-bed sale in the last 12 months

Executive Tower H (West Heights 5)

Building

214 apartments, 1-bed to 4-bed over 44 floors in Business Bay, completed in 2009 by Dubai Properties. 11 sold in the last 12 months.

Typical price per sqft
AED 1,895 Up 12.5%
Typical sale
AED 4.18M
Typical rent
AED 240K /yr
Typical yield
5.5%
Executive Tower H (West Heights 5), Business Bay: prices, sales and rents →
Value
24013-bedAED 2.92M · Feb 2013
24023-bedAED 2.14M · Feb 2011
24044-bedAED 2.82M · Oct 2010
24053-bedAED 925K · Dec 2011
24063-bedAED 3.5M · Mar 2014

2403, Executive Tower H (West Heights 5) in numbers

  • Sold once: by Dubai Properties on 24 February 2013 for AED 2,815,000, or AED 979 per sqft.
  • Rented since September 2013 on 4 Ejari contracts, at AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2013 price is 8.2%, before a service charge of about AED 43,700 a year (AED 15.21 per sqft).
  • Four-beds in Executive Tower H (West Heights 5) sold for AED 5,400,000–5,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,895 per sqft.

Source: Dubai Land Department. Updated 22 September 2016.

Questions about 2403, Executive Tower H (West Heights 5)

What did unit 2403 last sell for?

AED 2,815,000 on 24 February 2013, sold by the developer: AED 979 per sqft for 2,874 sqft. It is the only registered sale of the unit.

What is the rent for unit 2403?

AED 230,000 a year on the contract renewed on 22 September 2016. The previous contract, from September 2015, was AED 230,000; the unit has been rented since September 2013.

How big is unit 2403?

2,874 sqft (267.0 sqm): a four-bedroom apartment on the 24th floor of a 44-storey tower completed in 2009.

What is unit 2403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Executive Tower H (West Heights 5) sold for AED 5,400,000 to 5,400,000 in the last 12 months, around AED 1,879 per sqft.

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Mortgage on 2403, Executive Tower H (West Heights 5)

Starts from the last sale price (AED 2.82M, 24 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,815,000
Deposit, UAE resident (20%)
AED 563,000
Deposit, non-resident (40%)
AED 1,126,000
Monthly over 25 years at 3.7%
AED 11,517

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