2-bed · 1,283 sqftExecutive Tower K (West Heights 3), Business Bay · 26th floor · completed 2009

2603, Executive Tower K (West Heights 3)

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

Unit 2603 · DLD and Ejari recordsUpdated 20 January 2016
Last soldAED 1.6M20 January 2016
Current rentAED 85K /yr1 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2603, Executive Tower K (West Heights 3)

What is 2603 worth today?

Last sold for AED 1,600,000 in 2016

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20 Jan 2016SoldReady
AED 1,600,000AED 1,247 per sqft
1 Jul 2015RentedNew contract
AED 85,000/yr12 months · AED 66 per sqft
1 Jul 2014RentedNew contract
AED 77,000/yr12 months · AED 60 per sqft
1 Jul 2013RentedNew contract
AED 70,000/yr12 months · AED 55 per sqft
9 Aug 2011Sold by developerReady
AED 622,500AED 485 per sqft

Source: Dubai Land Department. Updated 20 January 2016.

Key facts

Type
2-bed apartment
Size
1,283 sqft
Floor
26th of 45
Parking
KM - 86
Developer
Dubai Properties
Completed
2009
Service charge
AED 20,100 /yr
Last sold
AED 1.6M · January 2016

About 2603, Executive Tower K (West Heights 3)

2603 is a two-bedroom apartment of 1,283 sqft on the 26th 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 20 January 2016 for AED 1,600,000, or AED 1,247 per sqft, 19% above the AED 1,044 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 July 2015, is AED 85,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 20,100 a year.

Sales and rents for 2603 over time

Sales
Unit 2603, 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, August 2011: AED 622,500 (AED 485 per sqft)Sold, January 2016: AED 1,600,000 (AED 1,247 per sqft)

2603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2603, 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, July 2013: AED 70,000 a yearNew contract, July 2014: AED 77,000 a yearNew contract, July 2015: AED 85,000 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 2603 sits

All 92 2-beds →

2603 last sold in January 2016 at AED 1,247 per sqft, 19% above what two-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,044). 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. 2603's AED 85,000 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
26013-bedAED 3.3M · Nov 2013
26023-bedAED 3.01M · Oct 2011
26042-bedAED 2.47M · May 2014
26052-bedAED 1.19M · Jun 2015
26062-bedAED 2.01M · May 2014

2603, Executive Tower K (West Heights 3) in numbers

  • Sold twice: first on 9 August 2011 for AED 622,500, last on 20 January 2016 for AED 1,600,000 (AED 1,247 per sqft).
  • Rented since July 2013 on 3 Ejari contracts, from AED 70,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 20,100 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 20 January 2016.

Questions about 2603, Executive Tower K (West Heights 3)

What did unit 2603 last sell for?

AED 1,600,000 on 20 January 2016: AED 1,247 per sqft for 1,283 sqft. The unit has 2 registered sales; the first was AED 622,500 in August 2011.

What is the rent for unit 2603?

AED 85,000 a year on the contract signed on 1 July 2015. The previous contract, from July 2014, was AED 77,000; the unit has been rented since July 2013.

How big is unit 2603?

1,283 sqft (119.2 sqm): a two-bedroom apartment on the 26th floor of a 45-storey tower completed in 2009.

What is unit 2603 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 2603, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 1.6M, 20 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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