2-bed · 1,506 sqftExecutive Tower K (West Heights 3), Business Bay · 7th floor · completed 2009

706, Executive Tower K (West Heights 3)

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 17 July 2024
Last soldAED 2.08M17 July 2024
Current rentAED 85K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Executive Tower K (West Heights 3)

What is 706 worth today?

Last sold for AED 2,075,000 in 2024

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17 Jul 2024SoldReady
AED 2,075,000AED 1,377 per sqft
2 Jun 2023SoldReady
AED 1,525,000AED 1,012 per sqft
1 Aug 2022RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
1 Aug 2021RentedRenewal
AED 75,000/yr12 months · AED 50 per sqft
1 Aug 2020RentedNew contract
AED 75,000/yr12 months · AED 50 per sqft
26 Jul 2019RentedRenewal
AED 100,000/yr12 months · AED 66 per sqft
26 Jul 2018RentedNew contract
AED 110,000/yr12 months · AED 73 per sqft
27 Nov 2017RentedNew contract
AED 118,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 17 July 2024.

Key facts

Type
2-bed apartment
Size
1,506 sqft
Floor
7th of 45
Parking
KB - 48
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,600 /yr
Last sold
AED 2.08M · July 2024

About 706, Executive Tower K (West Heights 3)

706 is a two-bedroom apartment of 1,506 sqft on the 7th 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 17 July 2024 for AED 2,075,000, or AED 1,377 per sqft, 12% above the AED 1,233 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 85,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 23,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical two-bed in Executive Tower K (West Heights 3)
1.5M2M20102014201820222026Typical 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 2013: AED 1,330,000 (AED 883 per sqft)Sold, June 2023: AED 1,525,000 (AED 1,012 per sqft)Sold, July 2024: AED 2,075,000 (AED 1,377 per sqft)

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

Rents
Unit 706, each contractTypical two-bed in Executive Tower K (West Heights 3)
100K150K2013201720212025Typical 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 2014: AED 150,000 a yearNew contract, August 2015: AED 155,000 a yearNew contract, September 2016: AED 130,000 a yearNew contract, November 2017: AED 118,000 a yearNew contract, July 2018: AED 110,000 a yearRenewal, July 2019: AED 100,000 a yearNew contract, August 2020: AED 75,000 a yearRenewal, August 2021: AED 75,000 a yearRenewal, August 2022: 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 706 sits

All 92 2-beds →

706 last sold in July 2024 at AED 1,377 per sqft, 12% above what two-beds in Executive Tower K (West Heights 3) were fetching at the time (AED 1,233). 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. 706'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
7013-bedAED 2.4M · Oct 2022
7023-bedAED 2.25M · Oct 2021
7031-bedAED 1.01M · Aug 2022
704StudioAED 1.2M · Jun 2024
7051-bedAED 950K · Jan 2021
707StudioAED 754K · Dec 2011
7081-bedAED 1.11M · Oct 2018

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

  • Sold 3 times: first on 17 January 2013 for AED 1,330,000, last on 17 July 2024 for AED 2,075,000 (AED 1,377 per sqft).
  • Rented since July 2014 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 75,000 in 2021 and recovered to AED 85,000 by August 2022.
  • At AED 85,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 23,600 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 17 July 2024.

Questions about 706, Executive Tower K (West Heights 3)

What did unit 706 last sell for?

AED 2,075,000 on 17 July 2024: AED 1,377 per sqft for 1,506 sqft. The unit has 3 registered sales; the first was AED 1,330,000 in January 2013.

What is the rent for unit 706?

AED 85,000 a year on the contract renewed on 1 August 2022. The previous contract, from August 2021, was AED 75,000; the unit has been rented since July 2014.

How big is unit 706?

1,506 sqft (139.9 sqm): a two-bedroom apartment on the 7th floor of a 45-storey tower completed in 2009.

What is unit 706 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 706, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 2.08M, 17 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,075,000
Deposit, UAE resident (20%)
AED 415,000
Deposit, non-resident (40%)
AED 830,000
Monthly over 25 years at 3.7%
AED 8,489

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