1-bed · 1,280 sqftExecutive Tower L (West Heights 2), Business Bay · 17th floor · completed 2009

1703, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 22 November 2022
Last soldAED 1.18M22 November 2022
Current rentAED 58K /yr25 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Executive Tower L (West Heights 2)

What is 1703 worth today?

Last sold for AED 1,175,000 in 2022

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22 Nov 2022SoldReady
AED 1,175,000AED 917 per sqft
25 May 2021RentedRenewal
AED 58,000/yr13 months · AED 45 per sqft
25 May 2020RentedNew contract
AED 60,000/yr12 months · AED 47 per sqft
1 Apr 2020RentedNew contract
AED 68,000/yr12 months · AED 53 per sqft
29 Jan 2019RentedRenewal
AED 78,000/yr12 months · AED 61 per sqft
29 Jan 2018RentedNew contract
AED 85,000/yr12 months · AED 66 per sqft
3 Feb 2017RentedRenewal
AED 100,000/yr12 months · AED 78 per sqft
3 Feb 2016RentedRenewal
AED 100,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 22 November 2022.

Key facts

Type
1-bed apartment
Size
1,280 sqft
Floor
17th of 44
Parking
LB - 106
Developer
Dubai Properties
Completed
2009
Service charge
AED 22,000 /yr
Last sold
AED 1.18M · November 2022

About 1703, Executive Tower L (West Heights 2)

1703 is a one-bedroom apartment of 1,280 sqft on the 17th 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 22 November 2022 for AED 1,175,000, or AED 917 per sqft, 7% above the AED 854 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 25 May 2021, is AED 58,000 a year: a gross yield of 4.9% on the 2022 price, before the service charge of about AED 22,000 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical one-bed in Executive Tower L (West Heights 2)
1M1.5M2011201520192023Typical 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 by developer, October 2012: AED 1,026,000 (AED 801 per sqft)Sold, January 2013: AED 1,395,200 (AED 1,089 per sqft)Sold, November 2022: AED 1,175,000 (AED 917 per sqft)

1703 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1703, 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, February 2014: AED 100,000 a yearRenewal, February 2015: AED 100,000 a yearRenewal, February 2016: AED 100,000 a yearRenewal, February 2017: AED 100,000 a yearNew contract, January 2018: AED 85,000 a yearRenewal, January 2019: AED 78,000 a yearNew contract, April 2020: AED 68,000 a yearNew contract, May 2020: AED 60,000 a yearRenewal, May 2021: AED 58,000 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 1703 sits

All 32 1-beds →

1703 last sold in November 2022 at AED 917 per sqft, 7% above what one-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 854). 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. 1703's AED 58,000 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
17011-bedAED 1.12M · Jun 2023
1702StudioAED 1M · Feb 2024
17043-bedAED 2.2M · Jul 2022
17053-bedAED 2.38M · Jul 2023

1703, Executive Tower L (West Heights 2) in numbers

  • Sold 3 times: first on 15 October 2012 for AED 1,026,000, last on 22 November 2022 for AED 1,175,000 (AED 917 per sqft).
  • Rented since February 2014 on 9 Ejari contracts, from AED 100,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2022 price is 4.9%, before a service charge of about AED 22,000 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 22 November 2022.

Questions about 1703, Executive Tower L (West Heights 2)

What did unit 1703 last sell for?

AED 1,175,000 on 22 November 2022: AED 917 per sqft for 1,280 sqft. The unit has 3 registered sales; the first was AED 1,026,000 in October 2012.

What is the rent for unit 1703?

AED 58,000 a year on the contract renewed on 25 May 2021. The previous contract, from May 2020, was AED 60,000; the unit has been rented since February 2014.

How big is unit 1703?

1,280 sqft (118.9 sqm): a one-bedroom apartment on the 17th floor of a 44-storey tower completed in 2009.

What is unit 1703 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 1703, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.18M, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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