3-bed · 2,197 sqftExecutive Tower M (West Heights 1), Business Bay · 13th floor · completed 2009

1301, Executive Tower M (West Heights 1)

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1301 · DLD and Ejari recordsUpdated 4 November 2020
Last soldAED 1.85M4 November 2020
Current rentAED 130K /yr5 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1301, Executive Tower M (West Heights 1)

What is 1301 worth today?

Last sold for AED 1,850,000 in 2020

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4 Nov 2020SoldReady
AED 1,850,000AED 842 per sqft
5 Sep 2020RentedRenewal
AED 129,890/yr4 months · AED 59 per sqft
5 Jun 2020RentedRenewal
AED 130,000/yr3 months · AED 59 per sqft
5 Jun 2019RentedNew contract
AED 130,000/yr12 months · AED 59 per sqft
22 Oct 2016RentedRenewal
AED 175,000/yr12 months · AED 80 per sqft
22 Oct 2015RentedNew contract
AED 175,000/yr12 months · AED 80 per sqft
29 Sep 2013RentedNew contract
AED 165,000/yr12 months · AED 75 per sqft
4 Aug 2010Sold by developerReady
AED 1,985,000AED 903 per sqft

Source: Dubai Land Department. Updated 4 November 2020.

Key facts

Type
3-bed apartment
Size
2,197 sqft
Floor
13th of 51
Parking
MB - 121 & 122
Developer
Dubai Properties
Completed
2009
Service charge
AED 32,600 /yr
Last sold
AED 1.85M · November 2020

About 1301, Executive Tower M (West Heights 1)

1301 is a three-bedroom apartment of 2,197 sqft on the 13th 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 4 November 2020 for AED 1,850,000, or AED 842 per sqft, 4% below the AED 880 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 5 September 2020, is AED 129,890 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 32,600 a year.

Sales and rents for 1301 over time

Sales
Unit 1301, 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, August 2010: AED 1,985,000 (AED 903 per sqft)Sold, November 2020: AED 1,850,000 (AED 842 per sqft)

1301 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1301, 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, September 2013: AED 165,000 a yearNew contract, October 2015: AED 175,000 a yearRenewal, October 2016: AED 175,000 a yearNew contract, June 2019: AED 130,000 a yearRenewal, June 2020: AED 130,000 a yearRenewal, September 2020: AED 129,890 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 1301 sits

All 59 3-beds →

1301 last sold in November 2020 at AED 842 per sqft, 4% below what three-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 880). 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. 1301's AED 129,890 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
13023-bedAED 2.25M · Feb 2022
13032-bedAED 1.05M · Aug 2020
13042-bedAED 1.35M · Oct 2019
13052-bedAED 2M · Oct 2014
13062-bedAED 2.2M · Apr 2026
13073-bedAED 2.59M · Dec 2024

1301, Executive Tower M (West Heights 1) in numbers

  • Sold twice: first on 4 August 2010 for AED 1,985,000, last on 4 November 2020 for AED 1,850,000 (AED 842 per sqft).
  • Rented since September 2013 on 6 Ejari contracts, from AED 165,000 to AED 129,890 a year.
  • At AED 129,890 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 32,600 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 4 November 2020.

Questions about 1301, Executive Tower M (West Heights 1)

What did unit 1301 last sell for?

AED 1,850,000 on 4 November 2020: AED 842 per sqft for 2,197 sqft. The unit has 2 registered sales; the first was AED 1,985,000 in August 2010.

What is the rent for unit 1301?

AED 129,890 a year on the contract renewed on 5 September 2020. The previous contract, from June 2020, was AED 130,000; the unit has been rented since September 2013.

How big is unit 1301?

2,197 sqft (204.1 sqm): a three-bedroom apartment on the 13th floor of a 51-storey tower completed in 2009.

What is unit 1301 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 1301, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.85M, 4 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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