3-bed · 2,200 sqftExecutive Tower J (West Heights 4), Business Bay · 16th floor · completed 2009

1602, Executive Tower J (West Heights 4)

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 2 April 2024
Last soldAED 3.5M2 April 2024
Current rentAED 145K /yr7 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Executive Tower J (West Heights 4)

What is 1602 worth today?

Last sold for AED 3,500,000 in 2024

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2 Apr 2024SoldReady
AED 3,500,000AED 1,590 per sqft
7 Aug 2023RentedRenewal
AED 145,000/yr8 months · AED 66 per sqft
7 Aug 2022RentedRenewal
AED 145,000/yr12 months · AED 66 per sqft
7 Aug 2021RentedNew contract
AED 135,000/yr12 months · AED 61 per sqft
15 Jan 2021RentedRenewal
AED 122,500/yr12 months · AED 56 per sqft
15 Jan 2020RentedRenewal
AED 137,500/yr12 months · AED 63 per sqft
15 Jan 2019RentedRenewal
AED 152,500/yr12 months · AED 69 per sqft
15 Jan 2018RentedNew contract
AED 155,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 2 April 2024.

Key facts

Type
3-bed apartment
Size
2,200 sqft
Floor
16th of 41
Parking
JM - 40 & 41
Developer
Dubai Properties
Completed
2009
Service charge
AED 34,500 /yr
Last sold
AED 3.5M · April 2024

About 1602, Executive Tower J (West Heights 4)

1602 is a three-bedroom apartment of 2,200 sqft on the 16th floor of Executive Tower J (West Heights 4), a 41-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 2 April 2024 for AED 3,500,000, or AED 1,590 per sqft, 29% above the AED 1,237 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 7 August 2023, is AED 145,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 34,500 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical three-bed in Executive Tower J (West Heights 4)
2M4M2010201520202025Typical sale price by year: 2010 AED 2,090,000; 2011 AED 1,774,800; 2012 AED 2,090,000; 2013 AED 2,242,500; 2014 AED 3,175,000; 2015 AED 2,700,000; 2016 AED 2,975,000; 2018 AED 2,500,000; 2021 AED 2,375,000; 2022 AED 2,450,000; 2023 AED 2,600,000; 2024 AED 3,150,000; 2025 AED 3,800,000; 2026 AED 4,000,000Sold by developer, January 2011: AED 1,691,280 (AED 768 per sqft)Sold, January 2014: AED 3,150,000 (AED 1,431 per sqft)Sold, April 2024: AED 3,500,000 (AED 1,590 per sqft)

1602 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, each contractTypical three-bed in Executive Tower J (West Heights 4)
150K200K2013201720212025Typical rent by year: 2013 AED 155,000; 2014 AED 166,500; 2015 AED 175,000; 2016 AED 175,000; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 139,000; 2020 AED 125,000; 2021 AED 125,000; 2022 AED 131,250; 2023 AED 150,000; 2024 AED 200,000; 2025 AED 205,000; 2026 AED 207,500New contract, January 2013: AED 140,000 a yearNew contract, January 2014: AED 140,000 a yearRenewal, January 2015: AED 190,000 a yearNew contract, January 2016: AED 190,000 a yearNew contract, January 2018: AED 155,000 a yearRenewal, January 2019: AED 152,500 a yearRenewal, January 2020: AED 137,500 a yearRenewal, January 2021: AED 122,500 a yearNew contract, August 2021: AED 135,000 a yearRenewal, August 2022: AED 145,000 a yearRenewal, August 2023: AED 145,000 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 J (West Heights 4), and where 1602 sits

All 66 3-beds →

1602 last sold in April 2024 at AED 1,590 per sqft, 29% above what three-beds in Executive Tower J (West Heights 4) were fetching at the time (AED 1,237). Over the last 12 months three-beds sold for AED 3,325,000 to 4,900,000, around AED 1,723 per sqft, and rent for AED 114,000 to 255,000 a year. 1602's AED 145,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Oct 20264,000,000
7 Sep 20264,000,000
15 Jul 20263,600,000
9 Jul 20263,325,000
6 3-bed sales in the last 12 months

Executive Tower J (West Heights 4)

Building

265 apartments, studios to 4-bed over 41 floors in Business Bay, completed in 2009 by Dubai Properties. 20 sold in the last 12 months.

Typical price per sqft
AED 1,496 Up 7.8%
Typical sale
AED 2.19M
Typical rent
AED 128K /yr
Typical yield
6.1%
Executive Tower J (West Heights 4), Business Bay: prices, sales and rents →
Value
16013-bedAED 3.05M · Dec 2023
16032-bedAED 1.2M · Aug 2014
16042-bedAED 1.25M · Oct 2019
16052-bedAED 1M · Jun 2017
16062-bedAED 1.9M · Oct 2024
16073-bedAED 2.85M · Oct 2023
16083-bedAED 1.69M · May 2010

1602, Executive Tower J (West Heights 4) in numbers

  • Sold 3 times: first on 13 January 2011 for AED 1,691,280, last on 2 April 2024 for AED 3,500,000 (AED 1,590 per sqft).
  • Rented since January 2013 on 11 Ejari contracts. The rent fell from AED 140,000 to AED 122,500 in 2021 and recovered to AED 145,000 by August 2023.
  • At AED 145,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 34,500 a year (AED 15.66 per sqft).
  • Three-beds in Executive Tower J (West Heights 4) sold for AED 3,325,000–4,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,496 per sqft.

Source: Dubai Land Department. Updated 2 April 2024.

Questions about 1602, Executive Tower J (West Heights 4)

What did unit 1602 last sell for?

AED 3,500,000 on 2 April 2024: AED 1,590 per sqft for 2,200 sqft. The unit has 3 registered sales; the first was AED 1,691,280 in January 2011.

What is the rent for unit 1602?

AED 145,000 a year on the contract renewed on 7 August 2023. The previous contract, from August 2022, was AED 145,000; the unit has been rented since January 2013.

How big is unit 1602?

2,200 sqft (204.4 sqm): a three-bedroom apartment on the 16th floor of a 41-storey tower completed in 2009.

What is unit 1602 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 J (West Heights 4) sold for AED 3,325,000 to 4,900,000 in the last 12 months, around AED 1,723 per sqft.

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Mortgage on 1602, Executive Tower J (West Heights 4)

Starts from the last sale price (AED 3.5M, 2 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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