1-bed · 1,308 sqftExecutive Tower L (West Heights 2), Business Bay · 14th floor · completed 2009

1401, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 5 times, last in May 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.9M14 May 2014
Current rentAED 72K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, Executive Tower L (West Heights 2)

What is 1401 worth today?

Last sold for AED 1,896,600 in 2014

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1 Oct 2024RentedRenewal
AED 71,663/yr12 months · AED 55 per sqft
1 Oct 2024RentedRenewal
AED 71,663/yr12 months · AED 55 per sqft
1 Oct 2023RentedRenewal
AED 68,250/yr12 months · AED 52 per sqft
1 Oct 2022RentedRenewal
AED 65,000/yr12 months · AED 49 per sqft
1 Oct 2021RentedRenewal
AED 60,000/yr12 months · AED 46 per sqft
1 Sep 2020RentedNew contract
AED 60,000/yr13 months · AED 46 per sqft
20 May 2019RentedRenewal
AED 85,000/yr12 months · AED 65 per sqft
20 May 2018RentedRenewal
AED 93,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
1,308 sqft
Floor
14th of 44
Parking
LB - 79
Developer
Dubai Properties
Completed
2009
Service charge
AED 22,400 /yr
Last sold
AED 1.9M · May 2014

About 1401, Executive Tower L (West Heights 2)

1401 is a one-bedroom apartment of 1,308 sqft on the 14th 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 14 May 2014 for AED 1,896,600, or AED 1,449 per sqft, 19% above the AED 1,219 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 71,663 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 22,400 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical one-bed in Executive Tower L (West Heights 2)
1M1.5M2M2011201520192023Typical sale price by year: 2011 AED 1,570,000; 2012 AED 1,316,000; 2013 AED 1,308,000; 2014 AED 1,785,000; 2015 AED 1,580,080; 2022 AED 1,100,000; 2023 AED 1,135,000; 2024 AED 1,300,000Sold, October 2011: AED 915,600 (AED 699 per sqft)Sold by developer, October 2011: AED 1,636,510 (AED 1,251 per sqft)Sold, March 2013: AED 1,308,000 (AED 999 per sqft)Sold, March 2013: AED 1,308,000 (AED 999 per sqft)Sold, May 2014: AED 1,896,600 (AED 1,449 per sqft)

1401 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1401, each contractTypical one-bed in Executive Tower L (West Heights 2)
60K80K100K2013201720212025Typical rent by year: 2013 AED 75,455; 2014 AED 100,000; 2015 AED 100,000; 2016 AED 100,000; 2017 AED 93,200; 2018 AED 82,000; 2019 AED 75,000; 2020 AED 63,000; 2021 AED 62,500; 2022 AED 66,450; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 100,000; 2026 AED 97,500New contract, May 2015: AED 103,000 a yearRenewal, May 2016: AED 103,000 a yearNew contract, May 2017: AED 103,000 a yearRenewal, May 2018: AED 93,000 a yearRenewal, May 2019: AED 85,000 a yearNew contract, September 2020: AED 60,000 a yearRenewal, October 2021: AED 60,000 a yearRenewal, October 2022: AED 65,000 a yearRenewal, October 2023: AED 68,250 a yearRenewal, October 2024: AED 71,663 a yearRenewal, October 2024: AED 71,663 a year

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

1-beds in Executive Tower L (West Heights 2), and where 1401 sits

All 32 1-beds →

1401 last sold in May 2014 at AED 1,449 per sqft, 19% above what one-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,219). Over the last 12 months one-beds sold for AED 1,540,000, around AED 1,203 per sqft, and rent for AED 80,222 to 400,000 a year. 1401's AED 71,663 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jul 20261,540,000
22 Jan 20251,500,000
21 May 20241,435,000
1 Apr 20241,300,000
1 1-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
1402StudioAED 1.02M · Oct 2012
14031-bedAED 765K · Oct 2011
14043-bedAED 1.95M · Jul 2015
14053-bedAED 2.8M · Dec 2016

1401, Executive Tower L (West Heights 2) in numbers

  • Sold 5 times: first on 18 October 2011 for AED 1,636,510, last on 14 May 2014 for AED 1,896,600 (AED 1,449 per sqft).
  • Rented since May 2015 on 11 Ejari contracts. The rent fell from AED 103,000 to AED 60,000 in 2021 and recovered to AED 71,663 by October 2024.
  • At AED 71,663 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 22,400 a year (AED 17.15 per sqft).
  • One-beds in Executive Tower L (West Heights 2) sold for AED 1,540,000–1,540,000 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 1 October 2024.

Questions about 1401, Executive Tower L (West Heights 2)

What did unit 1401 last sell for?

AED 1,896,600 on 14 May 2014: AED 1,449 per sqft for 1,308 sqft. The unit has 5 registered sales; the first was AED 1,636,510 in October 2011.

What is the rent for unit 1401?

AED 71,663 a year on the contract renewed on 1 October 2024. The previous contract, from October 2024, was AED 71,663; the unit has been rented since May 2015.

How big is unit 1401?

1,308 sqft (121.5 sqm): a one-bedroom apartment on the 14th floor of a 44-storey tower completed in 2009.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Executive Tower L (West Heights 2) sold for AED 1,540,000 to 1,540,000 in the last 12 months, around AED 1,203 per sqft.

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Mortgage on 1401, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.9M, 14 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,896,600
Deposit, UAE resident (20%)
AED 379,320
Deposit, non-resident (40%)
AED 758,640
Monthly over 25 years at 3.7%
AED 7,760

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