2-bed · 1,512 sqftExecutive Tower J (West Heights 4), Business Bay · 16th floor · completed 2009

1603, Executive Tower J (West Heights 4)

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

Unit 1603 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.2M5 August 2014
Current rentAED 130K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Executive Tower J (West Heights 4)

What is 1603 worth today?

Last sold for AED 1,200,000 in 2014

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15 Nov 2024RentedNew contract
AED 130,000/yr12 months · AED 86 per sqft
25 Dec 2023RentedNew contract
AED 180,000/yr12 months · AED 119 per sqft
18 Jan 2023RentedRenewal
AED 96,000/yr9 months · AED 64 per sqft
18 Jan 2022RentedRenewal
AED 80,000/yr12 months · AED 53 per sqft
16 Jan 2021RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft
18 Jul 2019RentedNew contract
AED 108,000/yr12 months · AED 72 per sqft
27 Nov 2018RentedRenewal
AED 120,000/yr12 months · AED 80 per sqft
27 Nov 2017RentedNew contract
AED 120,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
1,512 sqft
Floor
16th of 41
Parking
JM - 42
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,700 /yr
Last sold
AED 1.2M · August 2014

About 1603, Executive Tower J (West Heights 4)

1603 is a two-bedroom apartment of 1,512 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 5 August 2014 for AED 1,200,000, or AED 793 per sqft, 45% below the AED 1,431 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 15 November 2024, is AED 130,000 a year: a gross yield of 10.8% on the 2014 price, before the service charge of about AED 23,700 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Executive Tower J (West Heights 4)
1M2M2010201520202025Typical sale price by year: 2010 AED 1,495,000; 2011 AED 1,495,000; 2012 AED 1,347,300; 2013 AED 1,775,000; 2014 AED 2,170,000; 2015 AED 2,162,500; 2016 AED 1,900,000; 2017 AED 1,863,125; 2019 AED 1,285,000; 2020 AED 1,362,500; 2021 AED 1,500,000; 2022 AED 1,552,500; 2023 AED 1,600,000; 2024 AED 2,100,000; 2025 AED 2,118,000; 2026 AED 2,250,000Sold by developer, January 2011: AED 1,125,090 (AED 744 per sqft)Sold, February 2014: AED 2,300,000 (AED 1,521 per sqft)Sold, August 2014: AED 1,200,000 (AED 793 per sqft)

1603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Executive Tower J (West Heights 4)
100K150K2013201720212025Typical rent by year: 2013 AED 98,000; 2014 AED 120,000; 2015 AED 131,500; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 115,000; 2019 AED 95,000; 2020 AED 82,500; 2021 AED 80,000; 2022 AED 89,500; 2023 AED 109,000; 2024 AED 125,894; 2025 AED 135,000; 2026 AED 140,000New contract, September 2014: AED 145,000 a yearNew contract, October 2015: AED 150,000 a yearNew contract, August 2016: AED 140,000 a yearNew contract, November 2017: AED 120,000 a yearRenewal, November 2018: AED 120,000 a yearNew contract, July 2019: AED 108,000 a yearNew contract, January 2021: AED 80,000 a yearRenewal, January 2022: AED 80,000 a yearRenewal, January 2023: AED 96,000 a yearNew contract, December 2023: AED 180,000 a yearNew contract, November 2024: AED 130,000 a year

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

2-beds in Executive Tower J (West Heights 4), and where 1603 sits

All 92 2-beds →

1603 last sold in August 2014 at AED 793 per sqft, 45% below what two-beds in Executive Tower J (West Heights 4) were fetching at the time (AED 1,431). Over the last 12 months two-beds sold for AED 2,060,000 to 2,589,000, around AED 1,479 per sqft, and rent for AED 100,000 to 175,000 a year. 1603's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Sep 20262,109,000
6 Jul 20262,589,000
2 Jul 20262,330,000
1 Jul 20262,132,003
7 2-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
16023-bedAED 3.5M · Apr 2024
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

1603, Executive Tower J (West Heights 4) in numbers

  • Sold 3 times: first on 13 January 2011 for AED 1,125,090, last on 5 August 2014 for AED 1,200,000 (AED 793 per sqft).
  • Rented since September 2014 on 11 Ejari contracts. The rent fell from AED 145,000 to AED 80,000 in 2022 and recovered to AED 130,000 by November 2024.
  • At AED 130,000 a year the gross yield on the 2014 price is 10.8%, before a service charge of about AED 23,700 a year (AED 15.66 per sqft).
  • Two-beds in Executive Tower J (West Heights 4) sold for AED 2,060,000–2,589,000 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 15 November 2024.

Questions about 1603, Executive Tower J (West Heights 4)

What did unit 1603 last sell for?

AED 1,200,000 on 5 August 2014: AED 793 per sqft for 1,512 sqft. The unit has 3 registered sales; the first was AED 1,125,090 in January 2011.

What is the rent for unit 1603?

AED 130,000 a year on the contract signed on 15 November 2024. The previous contract, from December 2023, was AED 180,000; the unit has been rented since September 2014.

How big is unit 1603?

1,512 sqft (140.5 sqm): a two-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. Two-beds in Executive Tower J (West Heights 4) sold for AED 2,060,000 to 2,589,000 in the last 12 months, around AED 1,479 per sqft.

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Mortgage on 1603, Executive Tower J (West Heights 4)

Starts from the last sale price (AED 1.2M, 5 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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