2-bed · 1,551 sqftExecutive Tower K (West Heights 3), Business Bay · 16th floor · completed 2009

1604, Executive Tower K (West Heights 3)

Sold prices and rental history: sold twice, last in October 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 9 August 2023
Last soldAED 1.95M18 October 2016
Current rentAED 105K /yr9 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Executive Tower K (West Heights 3)

What is 1604 worth today?

Last sold for AED 1,950,000 in 2016

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9 Aug 2023RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
29 Jul 2021RentedRenewal
AED 80,000/yr12 months · AED 52 per sqft
29 Jul 2020RentedNew contract
AED 76,000/yr12 months · AED 49 per sqft
1 Aug 2019RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
1 Aug 2018RentedRenewal
AED 115,000/yr12 months · AED 74 per sqft
1 Aug 2017RentedRenewal
AED 115,000/yr12 months · AED 74 per sqft
18 Oct 2016SoldReady
AED 1,950,000AED 1,257 per sqft
1 Aug 2016RentedNew contract
AED 115,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 9 August 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
16th of 45
Parking
KB - 127
Developer
Dubai Properties
Completed
2009
Service charge
AED 24,300 /yr
Last sold
AED 1.95M · October 2016

About 1604, Executive Tower K (West Heights 3)

1604 is a two-bedroom apartment of 1,551 sqft on the 16th 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 18 October 2016 for AED 1,950,000, or AED 1,257 per sqft, in line with the AED 1,257 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 9 August 2023, is AED 105,000 a year: a gross yield of 5.4% on the 2016 price, before the service charge of about AED 24,300 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, 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, January 2010: AED 695,000 (AED 448 per sqft)Sold, October 2016: AED 1,950,000 (AED 1,257 per sqft)

1604 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Executive Tower K (West Heights 3)
100K2013201720212025Typical 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, August 2013: AED 91,350 a yearRenewal, August 2014: AED 115,000 a yearRenewal, August 2015: AED 115,000 a yearNew contract, August 2016: AED 115,000 a yearRenewal, August 2017: AED 115,000 a yearRenewal, August 2018: AED 115,000 a yearRenewal, August 2019: AED 105,000 a yearNew contract, July 2020: AED 76,000 a yearRenewal, July 2021: AED 80,000 a yearRenewal, August 2023: AED 105,000 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 1604 sits

All 92 2-beds →

1604 last sold in October 2016 at AED 1,257 per sqft, in line with what two-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,257). 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. 1604's AED 105,000 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
16013-bedAED 3.13M · Apr 2010
16023-bedAED 3M · May 2024
16032-bedAED 1.16M · Oct 2010
16052-bedAED 1.61M · Apr 2010
16062-bedAED 1.43M · Jan 2013

1604, Executive Tower K (West Heights 3) in numbers

  • Sold twice: first on 18 January 2010 for AED 695,000, last on 18 October 2016 for AED 1,950,000 (AED 1,257 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 91,350 to AED 76,000 in 2020 and recovered to AED 105,000 by August 2023.
  • At AED 105,000 a year the gross yield on the 2016 price is 5.4%, before a service charge of about AED 24,300 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 9 August 2023.

Questions about 1604, Executive Tower K (West Heights 3)

What did unit 1604 last sell for?

AED 1,950,000 on 18 October 2016: AED 1,257 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 695,000 in January 2010.

What is the rent for unit 1604?

AED 105,000 a year on the contract renewed on 9 August 2023. The previous contract, from July 2021, was AED 80,000; the unit has been rented since August 2013.

How big is unit 1604?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 16th floor of a 45-storey tower completed in 2009.

What is unit 1604 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 1604, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 1.95M, 18 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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