2-bed · 884 sqftExecutive Tower L (West Heights 2), Business Bay · 29th floor · completed 2009

2903, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2903 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 1.04M10 July 2024
Current rentAED 70K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2903, Executive Tower L (West Heights 2)

What is 2903 worth today?

Last sold for AED 1,035,000 in 2024

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10 Jul 2024SoldReady
AED 1,035,000AED 1,170 per sqft
1 Feb 2022RentedNew contract
AED 70,000/yr12 months · AED 40 per sqft
3 Jan 2022RentedNew contract
AED 50,000/yr12 months · AED 28 per sqft
23 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
18 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
9 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
6 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
21 Nov 2021RentedNew contract
AED 70,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 10 July 2024.

Key facts

Type
2-bed apartment
Size
884 sqft
Floor
29th of 44
Parking
LM - 40
Developer
Dubai Properties
Completed
2009
Service charge
AED 15,200 /yr
Last sold
AED 1.04M · July 2024

About 2903, Executive Tower L (West Heights 2)

2903 is a two-bedroom apartment of 884 sqft on the 29th 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 10 July 2024 for AED 1,035,000, or AED 1,170 per sqft, 8% below the AED 1,271 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 15 Ejari contracts. The current contract, signed on 1 February 2022, is AED 70,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 15,200 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, 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, August 2014: AED 1,751,000 (AED 990 per sqft)Sold, March 2018: AED 2,000,000 (AED 1,131 per sqft)Sold, July 2024: AED 1,035,000 (AED 1,170 per sqft)

2903 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2903, each contractTypical two-bed in Executive Tower L (West Heights 2)
50K100K150K2013201720212025Typical 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 2013: AED 102,703 a yearNew contract, November 2014: AED 155,418 a yearRenewal, October 2015: AED 154,571 a yearRenewal, November 2016: AED 155,000 a yearNew contract, November 2017: AED 155,000 a yearNew contract, November 2018: AED 135,000 a yearNew contract, May 2019: AED 110,000 a yearRenewal, May 2020: AED 110,000 a yearNew contract, November 2021: AED 70,000 a yearNew contract, December 2021: AED 80,000 a yearNew contract, December 2021: AED 80,000 a yearNew contract, December 2021: AED 80,000 a yearNew contract, December 2021: AED 80,000 a yearNew contract, January 2022: AED 50,000 a yearNew contract, February 2022: AED 70,000 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 2903 sits

All 60 2-beds →

2903 last sold in July 2024 at AED 1,170 per sqft, 8% below what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,271). 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. 2903's AED 70,000 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 →
Value
29012-bedAED 1.7M · Oct 2012
29022-bedAED 2.2M · Sep 2024
29042-bedAED 2.48M · Aug 2013

2903, Executive Tower L (West Heights 2) in numbers

  • Sold 3 times: first on 17 August 2014 for AED 1,751,000, last on 10 July 2024 for AED 1,035,000 (AED 1,170 per sqft).
  • Rented since May 2013 on 15 Ejari contracts. The rent fell from AED 102,703 to AED 50,000 in 2022 and recovered to AED 70,000 by February 2022.
  • At AED 70,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 15,200 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 10 July 2024.

Questions about 2903, Executive Tower L (West Heights 2)

What did unit 2903 last sell for?

AED 1,035,000 on 10 July 2024: AED 1,170 per sqft for 884 sqft. The unit has 3 registered sales; the first was AED 1,751,000 in August 2014.

What is the rent for unit 2903?

AED 70,000 a year on the contract signed on 1 February 2022. The previous contract, from January 2022, was AED 50,000; the unit has been rented since May 2013.

How big is unit 2903?

884 sqft (82.1 sqm): a two-bedroom apartment on the 29th floor of a 44-storey tower completed in 2009.

What is unit 2903 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 2903, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.04M, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,035,000
Deposit, UAE resident (20%)
AED 207,000
Deposit, non-resident (40%)
AED 414,000
Monthly over 25 years at 3.7%
AED 4,235

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