1-bed · 1,281 sqftExecutive Tower K (West Heights 3), Business Bay · 14th floor · completed 2009

1402, Executive Tower K (West Heights 3)

Sold prices and rental history: sold twice, last in December 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 5 October 2020
Last soldAED 1.46M10 December 2017
Current rentAED 30K /yr5 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1402, Executive Tower K (West Heights 3)

What is 1402 worth today?

Last sold for AED 1,460,000 in 2017

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5 Oct 2020RentedNew contract
AED 30,000/yr12 months · AED 23 per sqft
10 Dec 2017SoldReady
AED 1,460,000AED 1,139 per sqft
24 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
25 Oct 2016RentedNew contract
AED 98,000/yr12 months · AED 77 per sqft
3 Oct 2015RentedRenewal · flagged as an outlier
AED 5,000/yr12 months · AED 4 per sqft
3 Oct 2014RentedNew contract
AED 50,000/yr12 months · AED 39 per sqft
2 Sep 2013Sold by developerReady
AED 1,095,000AED 854 per sqft

Source: Dubai Land Department. Updated 5 October 2020.

Key facts

Type
1-bed apartment
Size
1,281 sqft
Floor
14th of 45
Parking
KB - 113
Developer
Dubai Properties
Completed
2009
Service charge
AED 20,100 /yr
Last sold
AED 1.46M · December 2017

About 1402, Executive Tower K (West Heights 3)

1402 is a one-bedroom apartment of 1,281 sqft on the 14th 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 10 December 2017 for AED 1,460,000, or AED 1,139 per sqft, in line with the AED 1,112 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 5 October 2020, is AED 30,000 a year: a gross yield of 2.1% on the 2017 price, before the service charge of about AED 20,100 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical one-bed in Executive Tower K (West Heights 3)
1M1.5M2010201420182022Typical sale price by year: 2010 AED 890,000; 2011 AED 903,080; 2012 AED 800,000; 2013 AED 1,408,400; 2014 AED 1,550,000; 2015 AED 1,250,000; 2016 AED 1,300,000; 2017 AED 1,420,000; 2018 AED 1,060,000; 2021 AED 950,000; 2022 AED 1,040,000; 2024 AED 1,270,000Sold by developer, September 2013: AED 1,095,000 (AED 854 per sqft)Sold, December 2017: AED 1,460,000 (AED 1,139 per sqft)

1402 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1402, each contractTypical one-bed in Executive Tower K (West Heights 3)
50K100K2013201720212025Typical rent by year: 2013 AED 85,000; 2014 AED 86,600; 2015 AED 102,500; 2016 AED 95,000; 2017 AED 90,000; 2018 AED 80,000; 2019 AED 72,000; 2020 AED 60,000; 2021 AED 62,500; 2022 AED 70,000; 2023 AED 78,750; 2024 AED 100,000; 2025 AED 101,500; 2026 AED 95,000New contract, October 2014: AED 50,000 a yearNew contract, October 2016: AED 98,000 a yearNew contract, October 2017: AED 90,000 a yearNew contract, October 2020: AED 30,000 a year

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

1-beds in Executive Tower K (West Heights 3), and where 1402 sits

All 35 1-beds →

1402 last sold in December 2017 at AED 1,139 per sqft, in line with what one-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,112). Over the last 12 months one-beds sold for AED 1,100,000, around AED 1,086 per sqft, and rent for AED 80,000 to 119,008 a year. 1402's AED 30,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Jul 20261,100,000
20 Mar 20251,300,000
26 Sep 20241,270,000
9 Sep 20241,400,000
1 1-bed sale 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
14011-bedAED 1.55M · Jun 2014

1402, Executive Tower K (West Heights 3) in numbers

  • Sold twice: first on 2 September 2013 for AED 1,095,000, last on 10 December 2017 for AED 1,460,000 (AED 1,139 per sqft).
  • Rented since October 2014 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 5,000 in 2015 and recovered to AED 30,000 by October 2020.
  • At AED 30,000 a year the gross yield on the 2017 price is 2.1%, before a service charge of about AED 20,100 a year (AED 15.68 per sqft).
  • One-beds in Executive Tower K (West Heights 3) sold for AED 1,100,000–1,100,000 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 5 October 2020.

Questions about 1402, Executive Tower K (West Heights 3)

What did unit 1402 last sell for?

AED 1,460,000 on 10 December 2017: AED 1,139 per sqft for 1,281 sqft. The unit has 2 registered sales; the first was AED 1,095,000 in September 2013.

What is the rent for unit 1402?

AED 30,000 a year on the contract signed on 5 October 2020. The previous contract, from October 2017, was AED 90,000; the unit has been rented since October 2014.

How big is unit 1402?

1,281 sqft (119.0 sqm): a one-bedroom apartment on the 14th floor of a 45-storey tower completed in 2009.

What is unit 1402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Executive Tower K (West Heights 3) sold for AED 1,100,000 to 1,100,000 in the last 12 months, around AED 1,086 per sqft.

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Mortgage on 1402, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 1.46M, 10 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

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