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2-bed · 1,618 sqftExecutive Tower L (West Heights 2), Business Bay · 25th floor · completed 2009

2501, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 3 times, last in October 2015, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2501 · DLD and Ejari recordsUpdated 1 October 2015
Last soldAED 2.1M1 October 2015
Current rentAED 90K /yr1 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2501, Executive Tower L (West Heights 2)

What is 2501 worth today?

Last sold for AED 2,100,000 in 2015

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1 Oct 2015SoldReady
AED 2,100,000AED 1,297 per sqft
1 May 2015RentedRenewal
AED 90,000/yr12 months · AED 56 per sqft
1 May 2014RentedNew contract
AED 85,000/yr12 months · AED 53 per sqft
7 Sep 2011Sold by developerReady
AED 2,045,640AED 1,264 per sqft
7 Sep 2011SoldReady
AED 3,122,000AED 1,929 per sqft

Source: Dubai Land Department. Updated 1 October 2015.

Key facts

Type
2-bed apartment
Size
1,618 sqft
Floor
25th of 44
Parking
LM - 22
Developer
Dubai Properties
Completed
2009
Service charge
AED 27,700 /yr
Last sold
AED 2.1M · October 2015
Building
Executive Tower L (West Heights 2)

About 2501, Executive Tower L (West Heights 2)

2501 is a two-bedroom apartment of 1,618 sqft on the 25th 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 1 October 2015 for AED 2,100,000, or AED 1,297 per sqft, in line with the AED 1,297 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 May 2015, is AED 90,000 a year: a gross yield of 4.3% on the 2015 price, before the service charge of about AED 27,700 a year.

Sales and rents for 2501 over time

Sales
Unit 2501, each saleTypical two-bed in Executive Tower L (West Heights 2)
2M3M20112015201920232027Typical 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, September 2011: AED 2,045,640 (AED 1,264 per sqft)Sold, September 2011: AED 3,122,000 (AED 1,929 per sqft)Sold, October 2015: AED 2,100,000 (AED 1,297 per sqft)

2501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2501, 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, May 2014: AED 85,000 a yearRenewal, May 2015: AED 90,000 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 2501 sits

All 60 2-beds →

2501 last sold in October 2015 at AED 1,297 per sqft, in line with what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,297). 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. 2501's AED 90,000 is at the bottom 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 25th floor

All 167 units in Executive Tower L (West Heights 2)
Value
25022-bedAED 2M · Aug 2015
25032-bedAED 2.05M · Jan 2024
25042-bedAED 2.24M · Mar 2013

2501, Executive Tower L (West Heights 2) in numbers

  • Sold 3 times: first on 7 September 2011 for AED 3,122,000, last on 1 October 2015 for AED 2,100,000 (AED 1,297 per sqft).
  • Rented since May 2014 on 2 Ejari contracts, from AED 85,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2015 price is 4.3%, 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 1 October 2015.

Questions about 2501, Executive Tower L (West Heights 2)

What did unit 2501 last sell for?

AED 2,100,000 on 1 October 2015: AED 1,297 per sqft for 1,618 sqft. The unit has 3 registered sales; the first was AED 3,122,000 in September 2011.

What is the rent for unit 2501?

AED 90,000 a year on the contract renewed on 1 May 2015. The previous contract, from May 2014, was AED 85,000.

How big is unit 2501?

1,618 sqft (150.3 sqm): a two-bedroom apartment on the 25th floor of a 44-storey tower completed in 2009.

What is unit 2501 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 2501, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 2.1M, 1 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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