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

1005, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 4 times, last in December 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 25 December 2017
Last soldAED 2.74M25 December 2017
Current rentAED 170K /yr12 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Executive Tower L (West Heights 2)

What is 1005 worth today?

Last sold for AED 2,740,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Dec 2017SoldReady
AED 2,740,000AED 1,328 per sqft
12 Dec 2016RentedNew contract
AED 170,000/yr12 months · AED 82 per sqft
25 Nov 2015RentedRenewal
AED 165,000/yr12 months · AED 80 per sqft
25 Nov 2014RentedRenewal
AED 165,000/yr12 months · AED 80 per sqft
25 Nov 2013RentedNew contract
AED 130,000/yr12 months · AED 63 per sqft
25 Sep 2013SoldReady
AED 1,280,000AED 1,241 per sqft
3 Apr 2013SoldReady
AED 2,560,000AED 1,241 per sqft
17 Oct 2012Sold by developerReady
AED 2,623,850AED 1,272 per sqft

Source: Dubai Land Department. Updated 25 December 2017.

Key facts

Type
3-bed apartment
Size
2,062 sqft
Floor
10th of 44
Parking
LB - 58 & 59
Developer
Dubai Properties
Completed
2009
Service charge
AED 35,400 /yr
Last sold
AED 2.74M · December 2017

About 1005, Executive Tower L (West Heights 2)

1005 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 25 December 2017 for AED 2,740,000, or AED 1,328 per sqft, 4% above the AED 1,272 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 12 December 2016, is AED 170,000 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 35,400 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical three-bed in Executive Tower L (West Heights 2)
1M2M3M2011201520192023Typical 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, October 2012: AED 2,623,850 (AED 1,272 per sqft)Sold, April 2013: AED 2,560,000 (AED 1,241 per sqft)Sold, September 2013: AED 1,280,000 (AED 1,241 per sqft)Sold, December 2017: AED 2,740,000 (AED 1,328 per sqft)

1005 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1005, each contractTypical three-bed in Executive Tower L (West Heights 2)
100K150K200K2012201620202024Typical 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, November 2013: AED 130,000 a yearRenewal, November 2014: AED 165,000 a yearRenewal, November 2015: AED 165,000 a yearNew contract, December 2016: AED 170,000 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 1005 sits

All 40 3-beds →

1005 last sold in December 2017 at AED 1,328 per sqft, 4% above what three-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,272). 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. 1005's AED 170,000 is in the lower half 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
10043-bedAED 1.95M · Jun 2021

1005, Executive Tower L (West Heights 2) in numbers

  • Sold 4 times: first on 17 October 2012 for AED 2,623,850, last on 25 December 2017 for AED 2,740,000 (AED 1,328 per sqft).
  • Rented since November 2013 on 4 Ejari contracts, from AED 130,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2017 price is 6.2%, 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 25 December 2017.

Questions about 1005, Executive Tower L (West Heights 2)

What did unit 1005 last sell for?

AED 2,740,000 on 25 December 2017: AED 1,328 per sqft for 2,062 sqft. The unit has 4 registered sales; the first was AED 2,623,850 in October 2012.

What is the rent for unit 1005?

AED 170,000 a year on the contract signed on 12 December 2016. The previous contract, from November 2015, was AED 165,000; the unit has been rented since November 2013.

How big is unit 1005?

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 1005 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.

Selling 1005? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1005, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 2.74M, 25 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,740,000
Deposit, UAE resident (20%)
AED 548,000
Deposit, non-resident (40%)
AED 1,096,000
Monthly over 25 years at 3.7%
AED 11,210

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