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4-bed · 4,604 sqftExecutive Tower L (West Heights 2), Business Bay · 1st floor · completed 2009

103, Executive Tower L (West Heights 2)

Sold prices and rental history: sold twice, last in May 2017, and rented once, from March 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 28 May 2017
Last soldAED 4.35M28 May 2017
Current rentAED 600K /yr21 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 103, Executive Tower L (West Heights 2)

What is 103 worth today?

Last sold for AED 4,350,000 in 2017

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28 May 2017SoldReady
AED 4,350,000AED 944 per sqft
21 Mar 2017RentedNew contract
AED 600,000/yr12 months · AED 130 per sqft
28 Aug 2012Sold by developerReady
AED 5,525,000AED 1,200 per sqft

Source: Dubai Land Department. Updated 28 May 2017.

Key facts

Type
4-bed apartment
Size
4,604 sqft
Floor
1st of 44
Parking
LG - 46 &47
Developer
Dubai Properties
Completed
2009
Service charge
AED 79,000 /yr
Last sold
AED 4.35M · May 2017
Building
Executive Tower L (West Heights 2)

About 103, Executive Tower L (West Heights 2)

103 is a four-bedroom apartment of 4,604 sqft on the 1st 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 28 May 2017 for AED 4,350,000, or AED 944 per sqft, 19% below the AED 1,169 four-beds in the building were fetching at the time.

One Ejari contract is registered, from 21 March 2017. The current contract, signed on 21 March 2017, is AED 600,000 a year: a gross yield of 13.8% on the 2017 price, before the service charge of about AED 79,000 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical four-bed in Executive Tower L (West Heights 2)
4M2011201320152017Typical sale price by year: 2011 AED 3,303,738; 2012 AED 3,394,000; 2013 AED 3,875,000; 2014 AED 5,000,000; 2017 AED 4,350,000Sold by developer, August 2012: AED 5,525,000 (AED 1,200 per sqft)Sold, May 2017: AED 4,350,000 (AED 944 per sqft)

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

Rents
Unit 103, each contractTypical four-bed in Executive Tower L (West Heights 2)
200K400K600K2013201720212025Typical rent by year: 2013 AED 175,000; 2015 AED 214,750; 2017 AED 250,500; 2018 AED 223,000; 2019 AED 182,500; 2020 AED 175,000; 2021 AED 180,000; 2022 AED 217,500; 2023 AED 262,500; 2024 AED 315,000; 2025 AED 325,000; 2026 AED 341,250New contract, March 2017: AED 600,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Executive Tower L (West Heights 2), and where 103 sits

All 18 4-beds →

103 last sold in May 2017 at AED 944 per sqft, 19% below what four-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,169). Over the last 12 months four-beds sold for AED 5,116,943 to 5,500,000, around AED 1,548 per sqft, and rent for AED 320,000 to 365,000 a year. 103's AED 600,000 is at the top of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
16 May 20265,500,000
28 Jan 20265,116,943
7 Feb 20255,300,000
18 Mar 20244,600,000
2 4-bed sales 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 →

Other units on the 1st floor

All 167 units in Executive Tower L (West Heights 2)
Value
1014-bedAED 3.65M · Jul 2022
1024-bedAED 4.5M · Sep 2013
1044-bedAED 3.52M · Mar 2013

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

  • Sold twice: first on 28 August 2012 for AED 5,525,000, last on 28 May 2017 for AED 4,350,000 (AED 944 per sqft).
  • Rented since March 2017 on one Ejari contract, at AED 600,000 a year.
  • At AED 600,000 a year the gross yield on the 2017 price is 13.8%, before a service charge of about AED 79,000 a year (AED 17.15 per sqft).
  • Four-beds in Executive Tower L (West Heights 2) sold for AED 5,116,943–5,500,000 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 28 May 2017.

Questions about 103, Executive Tower L (West Heights 2)

What did unit 103 last sell for?

AED 4,350,000 on 28 May 2017: AED 944 per sqft for 4,604 sqft. The unit has 2 registered sales; the first was AED 5,525,000 in August 2012.

What is the rent for unit 103?

AED 600,000 a year on the contract signed on 21 March 2017.

How big is unit 103?

4,604 sqft (427.7 sqm): a four-bedroom apartment on the 1st floor of a 44-storey tower completed in 2009.

What is unit 103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Executive Tower L (West Heights 2) sold for AED 5,116,943 to 5,500,000 in the last 12 months, around AED 1,548 per sqft.

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Mortgage on 103, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 4.35M, 28 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,350,000
Deposit, UAE resident (20%)
AED 870,000
Deposit, non-resident (40%)
AED 1,740,000
Monthly over 25 years at 3.7%
AED 17,797

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