4-bed · 3,420 sqftExecutive Tower L (West Heights 2), Business Bay · 37th floor · completed 2009

3701, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3701 · DLD and Ejari recordsUpdated 13 October 2023
Last soldAED 4.15M13 October 2023
Current rentAED 203K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3701, Executive Tower L (West Heights 2)

What is 3701 worth today?

Last sold for AED 4,150,000 in 2023

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13 Oct 2023SoldReady
AED 4,150,000AED 1,213 per sqft
1 Jun 2023RentedRenewal
AED 202,670/yr12 months · AED 59 per sqft
1 Jun 2022RentedRenewal
AED 192,500/yr12 months · AED 56 per sqft
1 Jun 2021RentedNew contract
AED 175,000/yr12 months · AED 51 per sqft
10 Apr 2019RentedRenewal
AED 161,538/yr13 months · AED 47 per sqft
10 Apr 2018RentedNew contract
AED 175,000/yr12 months · AED 51 per sqft
10 Apr 2016RentedRenewal
AED 200,000/yr24 months · AED 58 per sqft
10 Apr 2015RentedNew contract
AED 200,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 13 October 2023.

Key facts

Type
4-bed apartment
Size
3,420 sqft
Floor
37th of 44
Parking
LM - 68 & 69
Developer
Dubai Properties
Completed
2009
Service charge
AED 58,700 /yr
Last sold
AED 4.15M · October 2023

About 3701, Executive Tower L (West Heights 2)

3701 is a four-bedroom apartment of 3,420 sqft on the 37th 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 October 2023 for AED 4,150,000, or AED 1,213 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 202,670 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 58,700 a year.

Sales and rents for 3701 over time

Sales
Unit 3701, each saleTypical four-bed in Executive Tower L (West Heights 2)
2M4M2011201520192023Typical sale price by year: 2011 AED 3,303,738; 2012 AED 3,394,000; 2013 AED 3,875,000; 2014 AED 5,000,000; 2017 AED 4,350,000Sold by developer, April 2012: AED 3,386,000 (AED 990 per sqft)Sold, June 2014: AED 2,450,000 (AED 716 per sqft)Sold, October 2023: AED 4,150,000 (AED 1,213 per sqft)

3701 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 3701, each contractTypical four-bed in Executive Tower L (West Heights 2)
200K300K2013201720212025Typical rent by year: 2013 AED 175,000; 2015 AED 214,750; 2017 AED 250,500; 2018 AED 223,000; 2019 AED 182,500; 2020 AED 175,000; 2021 AED 180,000; 2022 AED 217,500; 2023 AED 262,500; 2024 AED 315,000; 2025 AED 325,000; 2026 AED 341,250New contract, April 2015: AED 200,000 a yearRenewal, April 2016: AED 200,000 a yearNew contract, April 2018: AED 175,000 a yearRenewal, April 2019: AED 161,538 a yearNew contract, June 2021: AED 175,000 a yearRenewal, June 2022: AED 192,500 a yearRenewal, June 2023: AED 202,670 a year

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

4-beds in Executive Tower L (West Heights 2), and where 3701 sits

All 18 4-beds →

Over the last 12 months four-beds sold for AED 5,116,943 to 5,500,000, around AED 1,548 per sqft, and rent for AED 320,000 to 365,000 a year. 3701's AED 202,670 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
16 May 20265,500,000
28 Jan 20265,116,943
7 Feb 20255,300,000
18 Mar 20244,600,000
2 4-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
37024-bedAED 3.04M · May 2011

3701, Executive Tower L (West Heights 2) in numbers

  • Sold 3 times: first on 23 April 2012 for AED 3,386,000, last on 13 October 2023 for AED 4,150,000 (AED 1,213 per sqft).
  • Rented since April 2015 on 7 Ejari contracts. The rent fell from AED 200,000 to AED 161,538 in 2019 and recovered to AED 202,670 by June 2023.
  • At AED 202,670 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 58,700 a year (AED 17.15 per sqft).
  • Four-beds in Executive Tower L (West Heights 2) sold for AED 5,116,943–5,500,000 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 October 2023.

Questions about 3701, Executive Tower L (West Heights 2)

What did unit 3701 last sell for?

AED 4,150,000 on 13 October 2023: AED 1,213 per sqft for 3,420 sqft. The unit has 3 registered sales; the first was AED 3,386,000 in April 2012.

What is the rent for unit 3701?

AED 202,670 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 192,500; the unit has been rented since April 2015.

How big is unit 3701?

3,420 sqft (317.7 sqm): a four-bedroom apartment on the 37th floor of a 44-storey tower completed in 2009.

What is unit 3701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Executive Tower L (West Heights 2) sold for AED 5,116,943 to 5,500,000 in the last 12 months, around AED 1,548 per sqft.

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Mortgage on 3701, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 4.15M, 13 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,150,000
Deposit, UAE resident (20%)
AED 830,000
Deposit, non-resident (40%)
AED 1,660,000
Monthly over 25 years at 3.7%
AED 16,979

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