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2-bed · 1,768 sqftExecutive Tower L (West Heights 2), Business Bay · 25th floor · completed 2009

2503, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 4 times, last in January 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2503 · DLD and Ejari recordsUpdated 9 January 2024
Last soldAED 2.05M9 January 2024
Current rentAED 110K /yr25 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2503, Executive Tower L (West Heights 2)

What is 2503 worth today?

Last sold for AED 2,050,000 in 2024

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9 Jan 2024SoldReady
AED 2,050,000AED 1,159 per sqft
25 Nov 2023RentedRenewal
AED 110,000/yr9 months · AED 62 per sqft
25 Nov 2022RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
25 Nov 2021RentedNew contract
AED 105,000/yr12 months · AED 59 per sqft
15 Jun 2020RentedRenewal
AED 90,000/yr12 months · AED 51 per sqft
15 Jun 2019RentedNew contract
AED 112,500/yr12 months · AED 64 per sqft
15 Jun 2018RentedRenewal
AED 137,705/yr12 months · AED 78 per sqft
15 Jun 2017RentedNew contract
AED 147,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 9 January 2024.

Key facts

Type
2-bed apartment
Size
1,768 sqft
Floor
25th of 44
Parking
LM - 24
Developer
Dubai Properties
Completed
2009
Service charge
AED 30,300 /yr
Last sold
AED 2.05M · January 2024
Building
Executive Tower L (West Heights 2)

About 2503, Executive Tower L (West Heights 2)

2503 is a two-bedroom apartment of 1,768 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 9 January 2024 for AED 2,050,000, or AED 1,159 per sqft, 15% above the AED 1,011 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 25 November 2023, is AED 110,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 30,300 a year.

Sales and rents for 2503 over time

Sales
Unit 2503, each saleTypical two-bed in Executive Tower L (West Heights 2)
2M20112015201920232027Typical 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, October 2014: AED 2,243,860 (AED 1,269 per sqft)Sold by developer, October 2014: AED 2,243,860 (AED 1,269 per sqft)Sold, November 2014: AED 2,625,000 (AED 1,484 per sqft)Sold, January 2024: AED 2,050,000 (AED 1,159 per sqft)

2503 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2503, 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, June 2017: AED 147,000 a yearRenewal, June 2018: AED 137,705 a yearNew contract, June 2019: AED 112,500 a yearRenewal, June 2020: AED 90,000 a yearNew contract, November 2021: AED 105,000 a yearNew contract, November 2022: AED 110,000 a yearRenewal, November 2023: AED 110,000 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 2503 sits

All 60 2-beds →

2503 last sold in January 2024 at AED 1,159 per sqft, 15% above what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,011). 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. 2503's AED 110,000 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
25012-bedAED 2.1M · Oct 2015
25022-bedAED 2M · Aug 2015
25042-bedAED 2.24M · Mar 2013

2503, Executive Tower L (West Heights 2) in numbers

  • Sold 4 times: first on 8 October 2014 for AED 2,243,860, last on 9 January 2024 for AED 2,050,000 (AED 1,159 per sqft).
  • Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 147,000 to AED 90,000 in 2020 and recovered to AED 110,000 by November 2023.
  • At AED 110,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 30,300 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 9 January 2024.

Questions about 2503, Executive Tower L (West Heights 2)

What did unit 2503 last sell for?

AED 2,050,000 on 9 January 2024: AED 1,159 per sqft for 1,768 sqft. The unit has 4 registered sales; the first was AED 2,243,860 in October 2014.

What is the rent for unit 2503?

AED 110,000 a year on the contract renewed on 25 November 2023. The previous contract, from November 2022, was AED 110,000; the unit has been rented since June 2017.

How big is unit 2503?

1,768 sqft (164.3 sqm): a two-bedroom apartment on the 25th floor of a 44-storey tower completed in 2009.

What is unit 2503 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 2503, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 2.05M, 9 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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