3-bed · 2,198 sqftExecutive Tower K (West Heights 3), Business Bay · 3rd floor · completed 2009

302, Executive Tower K (West Heights 3)

Sold prices and rental history: sold 3 times, last in June 2018, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 20 June 2018
Last soldAED 2.59M20 June 2018
Current rentAED 165K /yr15 June 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Executive Tower K (West Heights 3)

What is 302 worth today?

Last sold for AED 2,590,000 in 2018

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20 Jun 2018SoldReady
AED 2,590,000AED 1,178 per sqft
15 Jun 2017RentedNew contract
AED 165,000/yr12 months · AED 75 per sqft
10 May 2017RentedNew contract
AED 170,000/yr12 months · AED 77 per sqft
2 Apr 2016RentedNew contract
AED 185,000/yr12 months · AED 84 per sqft
6 Mar 2016SoldReady
AED 1,330,000AED 605 per sqft
20 Jan 2015RentedNew contract
AED 180,000/yr12 months · AED 82 per sqft
27 Jul 2011Sold by developerReady
AED 1,102,500AED 501 per sqft

Source: Dubai Land Department. Updated 20 June 2018.

Key facts

Type
3-bed apartment
Size
2,198 sqft
Floor
3rd of 45
Parking
KB - 3 & 4
Developer
Dubai Properties
Completed
2009
Service charge
AED 34,500 /yr
Last sold
AED 2.59M · June 2018

About 302, Executive Tower K (West Heights 3)

302 is a three-bedroom apartment of 2,198 sqft on the 3rd 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 June 2018 for AED 2,590,000, or AED 1,178 per sqft, 4% below the AED 1,226 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 15 June 2017, is AED 165,000 a year: a gross yield of 6.4% on the 2018 price, before the service charge of about AED 34,500 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Executive Tower K (West Heights 3)
2M4M2010201520202025Typical 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, July 2011: AED 1,102,500 (AED 501 per sqft)Sold, March 2016: AED 1,330,000 (AED 605 per sqft)Sold, June 2018: AED 2,590,000 (AED 1,178 per sqft)

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

Rents
Unit 302, 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, January 2015: AED 180,000 a yearNew contract, April 2016: AED 185,000 a yearNew contract, May 2017: AED 170,000 a yearNew contract, June 2017: AED 165,000 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 302 sits

All 64 3-beds →

302 last sold in June 2018 at AED 1,178 per sqft, 4% below what three-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,226). 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. 302's AED 165,000 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
3013-bedAED 1.7M · Jul 2012
3031-bedAED 1.06M · Oct 2018
304StudioAED 1.35M · Feb 2026
3051-bedAED 1.13M · Oct 2022
3062-bedAED 2.2M · Feb 2014
307StudioAED 740K · Mar 2020
3081-bedAED 1.49M · Jun 2010

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

  • Sold 3 times: first on 27 July 2011 for AED 1,102,500, last on 20 June 2018 for AED 2,590,000 (AED 1,178 per sqft).
  • Rented since January 2015 on 4 Ejari contracts, from AED 180,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2018 price is 6.4%, before a service charge of about AED 34,500 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 20 June 2018.

Questions about 302, Executive Tower K (West Heights 3)

What did unit 302 last sell for?

AED 2,590,000 on 20 June 2018: AED 1,178 per sqft for 2,198 sqft. The unit has 3 registered sales; the first was AED 1,102,500 in July 2011.

What is the rent for unit 302?

AED 165,000 a year on the contract signed on 15 June 2017. The previous contract, from May 2017, was AED 170,000; the unit has been rented since January 2015.

How big is unit 302?

2,198 sqft (204.2 sqm): a three-bedroom apartment on the 3rd floor of a 45-storey tower completed in 2009.

What is unit 302 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 302, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 2.59M, 20 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,590,000
Deposit, UAE resident (20%)
AED 518,000
Deposit, non-resident (40%)
AED 1,036,000
Monthly over 25 years at 3.7%
AED 10,596

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