3-bed · 4,363 sqftExecutive Tower K (West Heights 3), Business Bay · 1st floor · completed 2009

103, Executive Tower K (West Heights 3)

Sold prices and rental history: sold 3 times, last in December 2019, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 8 December 2019
Last soldAED 2.6M8 December 2019
Current rentAED 160K /yr15 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, Executive Tower K (West Heights 3)

What is 103 worth today?

Last sold for AED 2,600,000 in 2019

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8 Dec 2019SoldReady
AED 2,600,000AED 595 per sqft
15 Oct 2019RentedRenewal
AED 160,000/yr12 months · AED 37 per sqft
15 Oct 2018RentedNew contract
AED 160,000/yr12 months · AED 37 per sqft
21 Jun 2011SoldReady
AED 2,612,400AED 598 per sqft
23 Jan 2011Sold by developerReady
AED 2,921,000AED 669 per sqft

Source: Dubai Land Department. Updated 8 December 2019.

Key facts

Type
3-bed apartment
Size
4,363 sqft
Floor
1st of 45
Parking
K-72,K-73
Developer
Dubai Properties
Completed
2009
Service charge
AED 68,400 /yr
Last sold
AED 2.6M · December 2019

About 103, Executive Tower K (West Heights 3)

103 is a three-bedroom apartment of 4,363 sqft on the 1st 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 8 December 2019 for AED 2,600,000, or AED 595 per sqft, 35% below the AED 921 three-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 15 October 2019, is AED 160,000 a year: a gross yield of 6.2% on the 2019 price, before the service charge of about AED 68,400 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical three-bed in Executive Tower K (West Heights 3)
2M3M4M2010201520202025Typical 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, January 2011: AED 2,921,000 (AED 669 per sqft)Sold, June 2011: AED 2,612,400 (AED 598 per sqft)Sold, December 2019: AED 2,600,000 (AED 595 per sqft)

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

Rents
Unit 103, 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, October 2018: AED 160,000 a yearRenewal, October 2019: AED 160,000 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 103 sits

All 64 3-beds →

103 last sold in December 2019 at AED 595 per sqft, 35% below what three-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 921). 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. 103's AED 160,000 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
1013-bedAED 5.5M · Jun 2024
1023-bedAED 3.15M · Apr 2013
1043-bedAED 3.9M · Mar 2013
1053-bedAED 3.76M · Jul 2024
1063-bedAED 4.83M · Apr 2016

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

  • Sold 3 times: first on 23 January 2011 for AED 2,921,000, last on 8 December 2019 for AED 2,600,000 (AED 595 per sqft).
  • Rented since October 2018 on 2 Ejari contracts, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2019 price is 6.2%, before a service charge of about AED 68,400 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 8 December 2019.

Questions about 103, Executive Tower K (West Heights 3)

What did unit 103 last sell for?

AED 2,600,000 on 8 December 2019: AED 595 per sqft for 4,363 sqft. The unit has 3 registered sales; the first was AED 2,921,000 in January 2011.

What is the rent for unit 103?

AED 160,000 a year on the contract renewed on 15 October 2019. The previous contract, from October 2018, was AED 160,000.

How big is unit 103?

4,363 sqft (405.3 sqm): a three-bedroom apartment on the 1st floor of a 45-storey tower completed in 2009.

What is unit 103 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 103, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 2.6M, 8 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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