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2-bed · 1,614 sqftExecutive Tower L (West Heights 2), Business Bay · 23rd floor · completed 2009

2301, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 5 times, last in February 2023, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 13 February 2023
Last soldAED 875K13 February 2023
Current rentAED 121K /yr15 August 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2301, Executive Tower L (West Heights 2)

What is 2301 worth today?

Last sold for AED 875,000 in 2023

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13 Feb 2023SoldReady
AED 875,000AED 542 per sqft
2 Jun 2016SoldReady
AED 2,050,000AED 1,270 per sqft
15 Aug 2015RentedNew contract
AED 120,750/yr12 months · AED 75 per sqft
15 Aug 2015RentedRenewal
AED 120,750/yr12 months · AED 75 per sqft
15 Aug 2014RentedNew contract
AED 120,750/yr12 months · AED 75 per sqft
30 May 2013SoldReady
AED 2,165,000AED 1,341 per sqft
14 May 2013SoldReady
AED 1,600,000AED 991 per sqft
19 Dec 2012Sold by developerReady
AED 1,598,000AED 990 per sqft

Source: Dubai Land Department. Updated 13 February 2023.

Key facts

Type
2-bed apartment
Size
1,614 sqft
Floor
23rd of 44
Parking
LM - 12
Developer
Dubai Properties
Completed
2009
Service charge
AED 27,700 /yr
Last sold
AED 875K · February 2023
Building
Executive Tower L (West Heights 2)

About 2301, Executive Tower L (West Heights 2)

2301 is a two-bedroom apartment of 1,614 sqft on the 23rd 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 13 February 2023 for AED 875,000, or AED 542 per sqft, 43% below the AED 953 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 15 August 2015, is AED 120,750 a year: a gross yield of 13.8% on the 2023 price, before the service charge of about AED 27,700 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, each saleTypical two-bed in Executive Tower L (West Heights 2)
1M2M20112015201920232027Typical sale price by year: 2011 AED 1,906,000; 2012 AED 1,871,000; 2013 AED 2,157,500; 2014 AED 2,144,750; 2015 AED 2,100,000; 2016 AED 2,050,000; 2017 AED 2,144,750; 2018 AED 1,800,000; 2021 AED 1,350,000; 2022 AED 1,480,000; 2023 AED 1,483,108; 2024 AED 2,225,000; 2025 AED 2,285,000; 2026 AED 2,428,540Sold by developer, December 2012: AED 1,598,000 (AED 990 per sqft)Sold, May 2013: AED 2,165,000 (AED 1,341 per sqft)Sold, May 2013: AED 1,600,000 (AED 991 per sqft)Sold, June 2016: AED 2,050,000 (AED 1,270 per sqft)Sold, February 2023: AED 875,000 (AED 542 per sqft)

2301 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, each contractTypical two-bed in Executive Tower L (West Heights 2)
100K150K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 140,000; 2015 AED 140,000; 2016 AED 150,000; 2017 AED 137,500; 2018 AED 125,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 88,000; 2022 AED 95,918; 2023 AED 110,000; 2024 AED 130,000; 2025 AED 140,000; 2026 AED 145,001New contract, August 2014: AED 120,750 a yearNew contract, August 2015: AED 120,750 a yearRenewal, August 2015: AED 120,750 a year

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

2-beds in Executive Tower L (West Heights 2), and where 2301 sits

All 60 2-beds →

2301 last sold in February 2023 at AED 542 per sqft, 43% below what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 953). Over the last 12 months two-beds sold for AED 1,214,269 to 2,650,000, around AED 1,498 per sqft, and rent for AED 114,345 to 260,000 a year. 2301's AED 120,750 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jul 20262,428,540
24 Jun 20261,214,269
11 Jun 20262,190,000
27 Feb 20262,650,000
6 2-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 23rd floor

All 167 units in Executive Tower L (West Heights 2)
Value
23022-bedAED 3.59M · Sep 2012
23033-bedAED 2.95M · Apr 2014
23043-bedAED 3M · Jun 2015

2301, Executive Tower L (West Heights 2) in numbers

  • Sold 5 times: first on 19 December 2012 for AED 1,598,000, last on 13 February 2023 for AED 875,000 (AED 542 per sqft).
  • Rented since August 2014 on 3 Ejari contracts, at AED 120,750 a year.
  • At AED 120,750 a year the gross yield on the 2023 price is 13.8%, before a service charge of about AED 27,700 a year (AED 17.15 per sqft).
  • Two-beds in Executive Tower L (West Heights 2) sold for AED 1,214,269–2,650,000 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 13 February 2023.

Questions about 2301, Executive Tower L (West Heights 2)

What did unit 2301 last sell for?

AED 875,000 on 13 February 2023: AED 542 per sqft for 1,614 sqft. The unit has 5 registered sales; the first was AED 1,598,000 in December 2012.

What is the rent for unit 2301?

AED 120,750 a year on the contract signed on 15 August 2015. The previous contract, from August 2015, was AED 120,750; the unit has been rented since August 2014.

How big is unit 2301?

1,614 sqft (149.9 sqm): a two-bedroom apartment on the 23rd floor of a 44-storey tower completed in 2009.

What is unit 2301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Tower L (West Heights 2) sold for AED 1,214,269 to 2,650,000 in the last 12 months, around AED 1,498 per sqft.

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Mortgage on 2301, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 875K, 13 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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