2-bed · 1,784 sqftExecutive Tower K (West Heights 3), Business Bay · 15th floor · completed 2009

1505, Executive Tower K (West Heights 3)

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 31 May 2023
Last soldAED 2.1M31 May 2023
Current rentAED 115K /yr20 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1505, Executive Tower K (West Heights 3)

What is 1505 worth today?

Last sold for AED 2,100,000 in 2023

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31 May 2023SoldReady
AED 2,100,000AED 1,177 per sqft
20 Jun 2022RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
30 Sep 2021RentedRenewal
AED 90,000/yr12 months · AED 50 per sqft
30 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 50 per sqft
17 Nov 2016SoldReady
AED 2,400,000AED 1,345 per sqft
20 Jan 2016RentedRenewal
AED 103,000/yr12 months · AED 58 per sqft
20 Jan 2015RentedNew contract
AED 103,000/yr12 months · AED 58 per sqft
20 Jan 2014RentedNew contract
AED 89,759/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 31 May 2023.

Key facts

Type
2-bed apartment
Size
1,784 sqft
Floor
15th of 45
Parking
KB - 120
Developer
Dubai Properties
Completed
2009
Service charge
AED 28,000 /yr
Last sold
AED 2.1M · May 2023

About 1505, Executive Tower K (West Heights 3)

1505 is a two-bedroom apartment of 1,784 sqft on the 15th 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 31 May 2023 for AED 2,100,000, or AED 1,177 per sqft, 15% above the AED 1,024 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 20 June 2022, is AED 115,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 28,000 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, each saleTypical two-bed in Executive Tower K (West Heights 3)
1M2M20102014201820222026Typical 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, September 2010: AED 1,492,650 (AED 836 per sqft)Sold, November 2016: AED 2,400,000 (AED 1,345 per sqft)Sold, May 2023: AED 2,100,000 (AED 1,177 per sqft)

1505 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1505, each contractTypical two-bed in Executive Tower K (West Heights 3)
75K100K125K2013201720212025Typical 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, January 2014: AED 89,759 a yearNew contract, January 2015: AED 103,000 a yearRenewal, January 2016: AED 103,000 a yearNew contract, September 2020: AED 90,000 a yearRenewal, September 2021: AED 90,000 a yearNew contract, June 2022: AED 115,000 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 1505 sits

All 92 2-beds →

1505 last sold in May 2023 at AED 1,177 per sqft, 15% above what two-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,024). 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. 1505's AED 115,000 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
15013-bedAED 2.95M · Nov 2023
15023-bedAED 2.58M · Dec 2012
15032-bedAED 1.6M · Nov 2023
15042-bedAED 2.1M · Jan 2025
15062-bedAED 1.93M · Aug 2013

1505, Executive Tower K (West Heights 3) in numbers

  • Sold 3 times: first on 13 September 2010 for AED 1,492,650, last on 31 May 2023 for AED 2,100,000 (AED 1,177 per sqft).
  • Rented since January 2014 on 6 Ejari contracts, from AED 89,759 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 28,000 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 31 May 2023.

Questions about 1505, Executive Tower K (West Heights 3)

What did unit 1505 last sell for?

AED 2,100,000 on 31 May 2023: AED 1,177 per sqft for 1,784 sqft. The unit has 3 registered sales; the first was AED 1,492,650 in September 2010.

What is the rent for unit 1505?

AED 115,000 a year on the contract signed on 20 June 2022. The previous contract, from September 2021, was AED 90,000; the unit has been rented since January 2014.

How big is unit 1505?

1,784 sqft (165.7 sqm): a two-bedroom apartment on the 15th floor of a 45-storey tower completed in 2009.

What is unit 1505 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 1505, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 2.1M, 31 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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