3-bed · 2,062 sqftExecutive Tower L (West Heights 2), Business Bay · 14th floor · completed 2009

1405, Executive Tower L (West Heights 2)

Sold prices and rental history: sold twice, last in December 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1405 · DLD and Ejari recordsUpdated 14 December 2016
Last soldAED 2.8M14 December 2016
Current rentAED 179K /yr14 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1405, Executive Tower L (West Heights 2)

What is 1405 worth today?

Last sold for AED 2,800,000 in 2016

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14 Dec 2016SoldReady
AED 2,800,000AED 1,357 per sqft
14 Dec 2016RentedNew contract
AED 178,628/yr11 months · AED 86 per sqft
1 Aug 2016RentedRenewal
AED 180,000/yr12 months · AED 87 per sqft
1 Aug 2015RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
1 May 2012RentedNew contract
AED 100,000/yr12 months · AED 48 per sqft
11 Apr 2011Sold by developerReady
AED 2,165,000AED 1,049 per sqft

Source: Dubai Land Department. Updated 14 December 2016.

Key facts

Type
3-bed apartment
Size
2,062 sqft
Floor
14th of 44
Parking
LB - 88 & 89
Developer
Dubai Properties
Completed
2009
Service charge
AED 35,400 /yr
Last sold
AED 2.8M · December 2016

About 1405, Executive Tower L (West Heights 2)

1405 is a three-bedroom apartment of 2,062 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 December 2016 for AED 2,800,000, or AED 1,357 per sqft, in line with the AED 1,357 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 14 December 2016, is AED 178,628 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 35,400 a year.

Sales and rents for 1405 over time

Sales
Unit 1405, each saleTypical three-bed in Executive Tower L (West Heights 2)
2M2.5M3M2011201520192023Typical 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, April 2011: AED 2,165,000 (AED 1,049 per sqft)Sold, December 2016: AED 2,800,000 (AED 1,357 per sqft)

1405 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1405, 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, May 2012: AED 100,000 a yearNew contract, August 2015: AED 180,000 a yearRenewal, August 2016: AED 180,000 a yearNew contract, December 2016: AED 178,628 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 1405 sits

All 40 3-beds →

1405 last sold in December 2016 at AED 1,357 per sqft, in line with what three-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,357). 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. 1405's AED 178,628 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
14011-bedAED 1.9M · May 2014
1402StudioAED 1.02M · Oct 2012
14031-bedAED 765K · Oct 2011
14043-bedAED 1.95M · Jul 2015

1405, Executive Tower L (West Heights 2) in numbers

  • Sold twice: first on 11 April 2011 for AED 2,165,000, last on 14 December 2016 for AED 2,800,000 (AED 1,357 per sqft).
  • Rented since May 2012 on 4 Ejari contracts, from AED 100,000 to AED 178,628 a year.
  • At AED 178,628 a year the gross yield on the 2016 price is 6.4%, 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 14 December 2016.

Questions about 1405, Executive Tower L (West Heights 2)

What did unit 1405 last sell for?

AED 2,800,000 on 14 December 2016: AED 1,357 per sqft for 2,062 sqft. The unit has 2 registered sales; the first was AED 2,165,000 in April 2011.

What is the rent for unit 1405?

AED 178,628 a year on the contract signed on 14 December 2016. The previous contract, from August 2016, was AED 180,000; the unit has been rented since May 2012.

How big is unit 1405?

2,062 sqft (191.6 sqm): a three-bedroom apartment on the 14th floor of a 44-storey tower completed in 2009.

What is unit 1405 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 1405, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 2.8M, 14 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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