2-bed · 1,506 sqftExecutive Tower K (West Heights 3), Business Bay · 10th floor · completed 2009

1006, Executive Tower K (West Heights 3)

Sold prices and rental history: sold twice, last in July 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1006 · DLD and Ejari recordsUpdated 13 July 2022
Last soldAED 1.5M13 July 2022
Current rentAED 90K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1006, Executive Tower K (West Heights 3)

What is 1006 worth today?

Last sold for AED 1,500,000 in 2022

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13 Jul 2022SoldReady
AED 1,500,000AED 996 per sqft
1 Aug 2021RentedRenewal
AED 90,000/yr12 months · AED 60 per sqft
1 Aug 2020RentedNew contract
AED 90,000/yr12 months · AED 60 per sqft
20 Jul 2019RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
16 Jun 2018RentedRenewal
AED 132,500/yr12 months · AED 88 per sqft
16 Jun 2017RentedRenewal
AED 142,500/yr12 months · AED 95 per sqft
16 Jun 2016RentedRenewal
AED 147,500/yr12 months · AED 98 per sqft
16 Jun 2015RentedNew contract
AED 147,500/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 13 July 2022.

Key facts

Type
2-bed apartment
Size
1,506 sqft
Floor
10th of 45
Parking
KB - 78
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,600 /yr
Last sold
AED 1.5M · July 2022

About 1006, Executive Tower K (West Heights 3)

1006 is a two-bedroom apartment of 1,506 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 13 July 2022 for AED 1,500,000, or AED 996 per sqft, 3% above the AED 963 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 90,000 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 23,600 a year.

Sales and rents for 1006 over time

Sales
Unit 1006, each saleTypical two-bed in Executive Tower K (West Heights 3)
1M1.5M2M20102014201820222026Typical sale price by year: 2010 AED 1,327,500; 2011 AED 1,177,000; 2012 AED 1,264,000; 2013 AED 1,928,000; 2014 AED 2,107,155; 2015 AED 1,465,000; 2016 AED 1,900,000; 2017 AED 2,109,473; 2018 AED 1,500,000; 2019 AED 1,450,000; 2020 AED 1,175,000; 2021 AED 1,450,000; 2022 AED 1,575,000; 2023 AED 1,600,000; 2024 AED 2,005,000; 2025 AED 1,980,000Sold by developer, July 2010: AED 2,218,000 (AED 1,472 per sqft)Sold, July 2022: AED 1,500,000 (AED 996 per sqft)

1006 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1006, each contractTypical two-bed in Executive Tower K (West Heights 3)
100K150K2013201720212025Typical rent by year: 2013 AED 102,500; 2014 AED 118,650; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 124,000; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 84,000; 2022 AED 94,500; 2023 AED 109,828; 2024 AED 125,000; 2025 AED 135,000; 2026 AED 130,000New contract, June 2015: AED 147,500 a yearRenewal, June 2016: AED 147,500 a yearRenewal, June 2017: AED 142,500 a yearRenewal, June 2018: AED 132,500 a yearNew contract, July 2019: AED 105,000 a yearNew contract, August 2020: AED 90,000 a yearRenewal, August 2021: AED 90,000 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 K (West Heights 3), and where 1006 sits

All 92 2-beds →

1006 last sold in July 2022 at AED 996 per sqft, 3% above what two-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 963). Over the last 12 months two-beds sold for AED 2,350,000 to 2,580,000, around AED 1,379 per sqft, and rent for AED 78,000 to 172,500 a year. 1006's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20262,580,000
23 Jan 20262,350,000
14 Jul 20252,600,000
29 May 20251,950,000
2 2-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
10013-bedAED 1.71M · Sep 2020
10023-bedAED 3.05M · May 2024
10031-bedAED 1.03M · Jan 2023
1004StudioAED 1.02M · Feb 2014
10051-bedAED 1.4M · Oct 2015
1007StudioAED 944K · Jul 2024
10081-bedAED 800K · Jun 2012

1006, Executive Tower K (West Heights 3) in numbers

  • Sold twice: first on 21 July 2010 for AED 2,218,000, last on 13 July 2022 for AED 1,500,000 (AED 996 per sqft).
  • Rented since June 2015 on 7 Ejari contracts, from AED 147,500 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 6.0%, before a service charge of about AED 23,600 a year (AED 15.68 per sqft).
  • Two-beds in Executive Tower K (West Heights 3) sold for AED 2,350,000–2,580,000 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 13 July 2022.

Questions about 1006, Executive Tower K (West Heights 3)

What did unit 1006 last sell for?

AED 1,500,000 on 13 July 2022: AED 996 per sqft for 1,506 sqft. The unit has 2 registered sales; the first was AED 2,218,000 in July 2010.

What is the rent for unit 1006?

AED 90,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 90,000; the unit has been rented since June 2015.

How big is unit 1006?

1,506 sqft (139.9 sqm): a two-bedroom apartment on the 10th floor of a 45-storey tower completed in 2009.

What is unit 1006 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 K (West Heights 3) sold for AED 2,350,000 to 2,580,000 in the last 12 months, around AED 1,379 per sqft.

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Mortgage on 1006, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 1.5M, 13 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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