3-bed · 2,198 sqftExecutive Tower K (West Heights 3), Business Bay · 10th floor · completed 2009

1001, Executive Tower K (West Heights 3)

Sold prices and rental history: sold 3 times, last in September 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 14 September 2020
Last soldAED 1.71M14 September 2020
Current rentAED 130K /yr24 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Executive Tower K (West Heights 3)

What is 1001 worth today?

Last sold for AED 1,710,000 in 2020

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14 Sep 2020SoldReady
AED 1,710,000AED 777 per sqft
24 Aug 2019RentedNew contract
AED 130,000/yr12 months · AED 59 per sqft
17 Aug 2018RentedRenewal
AED 160,000/yr12 months · AED 73 per sqft
17 Aug 2017RentedNew contract
AED 160,000/yr12 months · AED 73 per sqft
10 Feb 2017RentedRenewal
AED 182,491/yr12 months · AED 83 per sqft
10 Feb 2016RentedRenewal
AED 182,000/yr12 months · AED 83 per sqft
10 Feb 2015RentedRenewal
AED 173,000/yr12 months · AED 79 per sqft
10 Feb 2014RentedNew contract
AED 173,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 14 September 2020.

Key facts

Type
3-bed apartment
Size
2,198 sqft
Floor
10th of 45
Parking
KB - 71 & 72
Developer
Dubai Properties
Completed
2009
Service charge
AED 34,500 /yr
Last sold
AED 1.71M · September 2020

About 1001, Executive Tower K (West Heights 3)

1001 is a three-bedroom apartment of 2,198 sqft on the 10th floor of Executive Tower K (West Heights 3), a 45-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 14 September 2020 for AED 1,710,000, or AED 777 per sqft.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 24 August 2019, is AED 130,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 34,500 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical three-bed in Executive Tower K (West Heights 3)
2M4M2010201520202025Typical sale price by year: 2010 AED 2,849,000; 2011 AED 2,005,000; 2012 AED 1,989,500; 2013 AED 2,900,500; 2014 AED 3,325,000; 2016 AED 2,950,000; 2017 AED 2,850,000; 2018 AED 2,475,000; 2019 AED 2,255,000; 2021 AED 2,250,000; 2022 AED 2,337,500; 2023 AED 2,640,000; 2024 AED 3,100,000; 2025 AED 3,600,000; 2026 AED 3,950,000Sold by developer, April 2010: AED 3,118,000 (AED 1,418 per sqft)Sold, June 2010: AED 1,626,725 (AED 740 per sqft)Sold, September 2020: AED 1,710,000 (AED 777 per sqft)

1001 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1001, each contractTypical three-bed in Executive Tower K (West Heights 3)
150K200K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 170,000; 2015 AED 175,000; 2016 AED 175,000; 2017 AED 165,000; 2018 AED 152,500; 2019 AED 136,000; 2020 AED 123,000; 2021 AED 123,000; 2022 AED 135,000; 2023 AED 155,107; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 210,000New contract, February 2014: AED 173,000 a yearRenewal, February 2015: AED 173,000 a yearRenewal, February 2016: AED 182,000 a yearRenewal, February 2017: AED 182,491 a yearNew contract, August 2017: AED 160,000 a yearRenewal, August 2018: AED 160,000 a yearNew contract, August 2019: AED 130,000 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 K (West Heights 3), and where 1001 sits

All 64 3-beds →

Over the last 12 months three-beds sold for AED 3,750,000 to 4,100,000, around AED 1,798 per sqft, and rent for AED 176,195 to 280,000 a year. 1001's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Sep 20264,100,000
16 Sep 20263,900,000
16 Feb 20263,750,000
5 Jan 20264,000,000
4 3-bed sales in the last 12 months

Executive Tower K (West Heights 3)

Building

234 apartments, studios to 4-bed over 45 floors in Business Bay, completed in 2009 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,612
Typical sale
AED 3.75M
Typical rent
AED 123K /yr
Typical yield
5.8%
Executive Tower K (West Heights 3), Business Bay: prices, sales and rents →
Value
10023-bedAED 3.05M · May 2024
10031-bedAED 1.03M · Jan 2023
1004StudioAED 1.02M · Feb 2014
10051-bedAED 1.4M · Oct 2015
10062-bedAED 1.5M · Jul 2022
1007StudioAED 944K · Jul 2024
10081-bedAED 800K · Jun 2012

1001, Executive Tower K (West Heights 3) in numbers

  • Sold 3 times: first on 13 April 2010 for AED 3,118,000, last on 14 September 2020 for AED 1,710,000 (AED 777 per sqft).
  • Rented since February 2014 on 7 Ejari contracts, from AED 173,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2020 price is 7.6%, before a service charge of about AED 34,500 a year (AED 15.68 per sqft).
  • Three-beds in Executive Tower K (West Heights 3) sold for AED 3,750,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,612 per sqft.

Source: Dubai Land Department. Updated 14 September 2020.

Questions about 1001, Executive Tower K (West Heights 3)

What did unit 1001 last sell for?

AED 1,710,000 on 14 September 2020: AED 777 per sqft for 2,198 sqft. The unit has 3 registered sales; the first was AED 3,118,000 in April 2010.

What is the rent for unit 1001?

AED 130,000 a year on the contract signed on 24 August 2019. The previous contract, from August 2018, was AED 160,000; the unit has been rented since February 2014.

How big is unit 1001?

2,198 sqft (204.2 sqm): a three-bedroom apartment on the 10th floor of a 45-storey tower completed in 2009.

What is unit 1001 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 K (West Heights 3) sold for AED 3,750,000 to 4,100,000 in the last 12 months, around AED 1,798 per sqft.

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Mortgage on 1001, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 1.71M, 14 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,710,000
Deposit, UAE resident (20%)
AED 342,000
Deposit, non-resident (40%)
AED 684,000
Monthly over 25 years at 3.7%
AED 6,996

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