3-bed · 2,197 sqftExecutive Tower M (West Heights 1), Business Bay · 14th floor · completed 2009

1408, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 4 times, last in November 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 22 November 2020
Last soldAED 1.85M22 November 2020
Current rentAED 140K /yr15 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1408, Executive Tower M (West Heights 1)

What is 1408 worth today?

Last sold for AED 1,850,000 in 2020

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22 Nov 2020SoldReady
AED 1,850,000AED 842 per sqft
15 Sep 2019RentedRenewal
AED 140,000/yr12 months · AED 64 per sqft
15 Sep 2018RentedRenewal
AED 155,000/yr12 months · AED 71 per sqft
15 Sep 2017RentedRenewal
AED 175,000/yr12 months · AED 80 per sqft
15 Sep 2016RentedNew contract
AED 175,000/yr12 months · AED 80 per sqft
13 Jul 2015RentedNew contract
AED 175,000/yr12 months · AED 80 per sqft
23 Oct 2012SoldReady
AED 2,200,000AED 1,001 per sqft
28 May 2012SoldReady
AED 1,850,000AED 842 per sqft

Source: Dubai Land Department. Updated 22 November 2020.

Key facts

Type
3-bed apartment
Size
2,197 sqft
Floor
14th of 51
Parking
MB - 143 & 144
Developer
Dubai Properties
Completed
2009
Service charge
AED 32,600 /yr
Last sold
AED 1.85M · November 2020

About 1408, Executive Tower M (West Heights 1)

1408 is a three-bedroom apartment of 2,197 sqft on the 14th 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 22 November 2020 for AED 1,850,000, or AED 842 per sqft, in line with the AED 860 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 15 September 2019, is AED 140,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 32,600 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, 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, September 2011: AED 1,985,000 (AED 903 per sqft)Sold, May 2012: AED 1,850,000 (AED 842 per sqft)Sold, October 2012: AED 2,200,000 (AED 1,001 per sqft)Sold, November 2020: AED 1,850,000 (AED 842 per sqft)

1408 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1408, 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, July 2015: AED 175,000 a yearNew contract, September 2016: AED 175,000 a yearRenewal, September 2017: AED 175,000 a yearRenewal, September 2018: AED 155,000 a yearRenewal, September 2019: AED 140,000 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 1408 sits

All 59 3-beds →

1408 last sold in November 2020 at AED 842 per sqft, in line with what three-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 860). 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. 1408's AED 140,000 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
14013-bedAED 3.05M · Aug 2013
14023-bedAED 3.88M · Jun 2014
14032-bedAED 1.89M · Nov 2024
14042-bedAED 584K · Jul 2012
14052-bedAED 1.57M · Feb 2023
14062-bedAED 1.8M · May 2026
14073-bedAED 2.35M · May 2023

1408, Executive Tower M (West Heights 1) in numbers

  • Sold 4 times: first on 26 September 2011 for AED 1,985,000, last on 22 November 2020 for AED 1,850,000 (AED 842 per sqft).
  • Rented since July 2015 on 5 Ejari contracts, from AED 175,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2020 price is 7.6%, 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 22 November 2020.

Questions about 1408, Executive Tower M (West Heights 1)

What did unit 1408 last sell for?

AED 1,850,000 on 22 November 2020: AED 842 per sqft for 2,197 sqft. The unit has 4 registered sales; the first was AED 1,985,000 in September 2011.

What is the rent for unit 1408?

AED 140,000 a year on the contract renewed on 15 September 2019. The previous contract, from September 2018, was AED 155,000; the unit has been rented since July 2015.

How big is unit 1408?

2,197 sqft (204.1 sqm): a three-bedroom apartment on the 14th floor of a 51-storey tower completed in 2009.

What is unit 1408 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 1408, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.85M, 22 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 →