3-bed · 2,207 sqftExecutive Tower M (West Heights 1), Business Bay · 10th floor · completed 2009

1001, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 2.34M1 August 2022
Current rentAED 128K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Executive Tower M (West Heights 1)

What is 1001 worth today?

Last sold for AED 2,340,000 in 2022

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1 Aug 2022SoldReady
AED 2,340,000AED 1,060 per sqft
1 Jul 2021RentedRenewal
AED 128,000/yr12 months · AED 58 per sqft
1 Jul 2020RentedRenewal
AED 128,000/yr12 months · AED 58 per sqft
1 Jul 2019RentedRenewal
AED 135,000/yr12 months · AED 61 per sqft
1 Jul 2018RentedRenewal
AED 160,000/yr12 months · AED 73 per sqft
1 Jul 2017RentedNew contract
AED 168,000/yr12 months · AED 76 per sqft
23 Oct 2016RentedRenewal
AED 167,703/yr8 months · AED 76 per sqft
23 Oct 2015RentedRenewal
AED 168,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 1 August 2022.

Key facts

Type
3-bed apartment
Size
2,207 sqft
Floor
10th of 51
Parking
MB - 85 & 86
Developer
Dubai Properties
Completed
2009
Service charge
AED 32,800 /yr
Last sold
AED 2.34M · August 2022

About 1001, Executive Tower M (West Heights 1)

1001 is a three-bedroom apartment of 2,207 sqft on the 10th floor of Executive Tower M (West Heights 1), a 51-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 1 August 2022 for AED 2,340,000, or AED 1,060 per sqft, 10% above the AED 967 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 July 2021, is AED 128,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 32,800 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical three-bed in Executive Tower M (West Heights 1)
2M3M2010201520202025Typical sale price by year: 2010 AED 1,985,000; 2011 AED 1,767,750; 2012 AED 1,985,000; 2013 AED 2,144,000; 2014 AED 3,000,000; 2015 AED 2,392,500; 2018 AED 2,475,000; 2019 AED 1,991,327; 2020 AED 1,900,000; 2021 AED 1,980,000; 2022 AED 2,295,000; 2023 AED 2,525,000; 2024 AED 2,842,500; 2025 AED 2,995,648; 2026 AED 3,575,000Sold by developer, April 2011: AED 1,985,000 (AED 899 per sqft)Sold, September 2012: AED 1,920,000 (AED 869 per sqft)Sold, August 2022: AED 2,340,000 (AED 1,060 per sqft)

1001 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1001, each contractTypical three-bed in Executive Tower M (West Heights 1)
150K200K2013201720212025Typical rent by year: 2013 AED 140,000; 2014 AED 165,000; 2015 AED 175,000; 2016 AED 175,000; 2017 AED 160,000; 2018 AED 148,500; 2019 AED 136,500; 2020 AED 120,000; 2021 AED 117,700; 2022 AED 130,000; 2023 AED 148,000; 2024 AED 180,000; 2025 AED 207,000; 2026 AED 203,500New contract, October 2013: AED 160,000 a yearNew contract, October 2014: AED 168,000 a yearRenewal, October 2015: AED 168,000 a yearRenewal, October 2016: AED 167,703 a yearNew contract, July 2017: AED 168,000 a yearRenewal, July 2018: AED 160,000 a yearRenewal, July 2019: AED 135,000 a yearRenewal, July 2020: AED 128,000 a yearRenewal, July 2021: AED 128,000 a year

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

3-beds in Executive Tower M (West Heights 1), and where 1001 sits

All 59 3-beds →

1001 last sold in August 2022 at AED 1,060 per sqft, 10% above what three-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 967). Over the last 12 months three-beds sold for AED 2,800,000 to 4,100,000, around AED 1,479 per sqft, and rent for AED 155,861 to 250,000 a year. 1001's AED 128,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20263,250,000
24 Jun 20263,200,000
21 May 20264,100,000
20 May 20263,900,000
5 3-bed sales in the last 12 months

Executive Tower M (West Heights 1)

Building

331 apartments, 1-bed to 4-bed over 51 floors in Business Bay, completed in 2009 by Dubai Properties. 29 sold in the last 12 months.

Typical price per sqft
AED 1,494 Up 3.8%
Typical sale
AED 2.2M
Typical rent
AED 135K /yr
Typical yield
5.9%
Executive Tower M (West Heights 1), Business Bay: prices, sales and rents →
Value
10023-bedAED 1.96M · Mar 2021
10031-bedAED 1.34M · Sep 2024
10041-bedAED 1.14M · Oct 2013
10051-bedAED 1.32M · May 2024
10061-bedAED 1.56M · Nov 2024
10073-bedAED 3.2M · Jun 2026
10083-bedAED 3.2M · Aug 2014

1001, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 5 April 2011 for AED 1,985,000, last on 1 August 2022 for AED 2,340,000 (AED 1,060 per sqft).
  • Rented since October 2013 on 9 Ejari contracts, from AED 160,000 to AED 128,000 a year.
  • At AED 128,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 32,800 a year (AED 14.84 per sqft).
  • Three-beds in Executive Tower M (West Heights 1) sold for AED 2,800,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,494 per sqft.

Source: Dubai Land Department. Updated 1 August 2022.

Questions about 1001, Executive Tower M (West Heights 1)

What did unit 1001 last sell for?

AED 2,340,000 on 1 August 2022: AED 1,060 per sqft for 2,207 sqft. The unit has 3 registered sales; the first was AED 1,985,000 in April 2011.

What is the rent for unit 1001?

AED 128,000 a year on the contract renewed on 1 July 2021. The previous contract, from July 2020, was AED 128,000; the unit has been rented since October 2013.

How big is unit 1001?

2,207 sqft (205.0 sqm): a three-bedroom apartment on the 10th floor of a 51-storey tower completed in 2009.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Executive Tower M (West Heights 1) sold for AED 2,800,000 to 4,100,000 in the last 12 months, around AED 1,479 per sqft.

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Mortgage on 1001, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.34M, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,340,000
Deposit, UAE resident (20%)
AED 468,000
Deposit, non-resident (40%)
AED 936,000
Monthly over 25 years at 3.7%
AED 9,574

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