3-bed · 2,062 sqftExecutive Tower L (West Heights 2), Business Bay · 10th floor · completed 2009

1004, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 4 times, last in June 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 29 June 2021
Last soldAED 1.95M29 June 2021
Current rentAED 140K /yr15 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Executive Tower L (West Heights 2)

What is 1004 worth today?

Last sold for AED 1,950,000 in 2021

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29 Jun 2021SoldReady
AED 1,950,000AED 945 per sqft
15 Sep 2019RentedRenewal
AED 140,000/yr12 months · AED 68 per sqft
15 Sep 2018RentedNew contract
AED 150,000/yr12 months · AED 73 per sqft
9 Jun 2016RentedRenewal
AED 140,000/yr12 months · AED 68 per sqft
9 Jun 2015RentedNew contract
AED 173,000/yr12 months · AED 84 per sqft
15 Feb 2015SoldReady
AED 1,850,000AED 897 per sqft
1 Aug 2013RentedNew contract
AED 65,000/yr24 months · AED 32 per sqft
1 Nov 2011SoldReady
AED 1,755,000AED 851 per sqft

Source: Dubai Land Department. Updated 29 June 2021.

Key facts

Type
3-bed apartment
Size
2,062 sqft
Floor
10th of 44
Parking
LB - 56 & 57
Developer
Dubai Properties
Completed
2009
Service charge
AED 35,400 /yr
Last sold
AED 1.95M · June 2021

About 1004, Executive Tower L (West Heights 2)

1004 is a three-bedroom apartment of 2,062 sqft on the 10th floor of Executive Tower L (West Heights 2), a 44-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 29 June 2021 for AED 1,950,000, or AED 945 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 15 September 2019, is AED 140,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 35,400 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical three-bed in Executive Tower L (West Heights 2)
2M3M2011201520192023Typical sale price by year: 2011 AED 2,062,000; 2012 AED 2,030,000; 2013 AED 2,500,000; 2014 AED 2,786,925; 2015 AED 2,820,000; 2016 AED 2,800,000; 2017 AED 2,623,850; 2023 AED 2,330,000; 2025 AED 3,000,000Sold by developer, May 2011: AED 1,949,000 (AED 945 per sqft)Sold, November 2011: AED 1,755,000 (AED 851 per sqft)Sold, February 2015: AED 1,850,000 (AED 897 per sqft)Sold, June 2021: AED 1,950,000 (AED 945 per sqft)

1004 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1004, each contractTypical three-bed in Executive Tower L (West Heights 2)
100K200K2012201620202024Typical rent by year: 2012 AED 109,683; 2013 AED 145,000; 2014 AED 165,000; 2015 AED 175,000; 2016 AED 170,000; 2017 AED 167,500; 2018 AED 150,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 118,250; 2022 AED 129,680; 2023 AED 136,757; 2024 AED 172,371; 2025 AED 195,000; 2026 AED 192,500New contract, August 2013: AED 65,000 a yearNew contract, June 2015: AED 173,000 a yearRenewal, June 2016: AED 140,000 a yearNew contract, September 2018: AED 150,000 a yearRenewal, September 2019: AED 140,000 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 L (West Heights 2), and where 1004 sits

All 40 3-beds →

Over the last 12 months three-beds sold for AED 3,250,000, around AED 1,576 per sqft, and rent for AED 157,000 to 225,000 a year. 1004's AED 140,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Oct 20263,250,000
4 Aug 20253,000,000
25 Jun 20253,200,000
20 Mar 20253,000,000
1 3-bed sale in the last 12 months

Executive Tower L (West Heights 2)

Building

167 apartments, studios to 4-bed over 44 floors in Business Bay, completed in 2009 by Dubai Properties. 11 sold in the last 12 months.

Typical price per sqft
AED 1,496 Up 3.1%
Typical sale
AED 2.43M
Typical rent
AED 135K /yr
Typical yield
5.7%
Executive Tower L (West Heights 2), Business Bay: prices, sales and rents →
Value
10011-bedAED 916K · Apr 2013
1002StudioAED 764K · May 2013
10031-bedAED 1.3M · Apr 2024
10053-bedAED 2.74M · Dec 2017

1004, Executive Tower L (West Heights 2) in numbers

  • Sold 4 times: first on 4 May 2011 for AED 1,949,000, last on 29 June 2021 for AED 1,950,000 (AED 945 per sqft).
  • Rented since August 2013 on 5 Ejari contracts, from AED 65,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 7.2%, before a service charge of about AED 35,400 a year (AED 17.15 per sqft).
  • Three-beds in Executive Tower L (West Heights 2) sold for AED 3,250,000–3,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,496 per sqft.

Source: Dubai Land Department. Updated 29 June 2021.

Questions about 1004, Executive Tower L (West Heights 2)

What did unit 1004 last sell for?

AED 1,950,000 on 29 June 2021: AED 945 per sqft for 2,062 sqft. The unit has 4 registered sales; the first was AED 1,949,000 in May 2011.

What is the rent for unit 1004?

AED 140,000 a year on the contract renewed on 15 September 2019. The previous contract, from September 2018, was AED 150,000; the unit has been rented since August 2013.

How big is unit 1004?

2,062 sqft (191.6 sqm): a three-bedroom apartment on the 10th floor of a 44-storey tower completed in 2009.

What is unit 1004 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 L (West Heights 2) sold for AED 3,250,000 to 3,250,000 in the last 12 months, around AED 1,576 per sqft.

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Mortgage on 1004, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.95M, 29 June 2021). 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 →