2-bed · 1,578 sqftExecutive Tower M (West Heights 1), Business Bay · 24th floor · completed 2009

2402, Executive Tower M (West Heights 1)

Sold prices and rental history: sold twice, last in August 2015, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 2.37M20 August 2015
Current rentAED 82K /yr15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, Executive Tower M (West Heights 1)

What is 2402 worth today?

Last sold for AED 2,370,000 in 2015

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15 Dec 2020RentedRenewal
AED 82,000/yr12 months · AED 52 per sqft
15 Dec 2019RentedNew contract
AED 100,000/yr12 months · AED 63 per sqft
20 Aug 2015SoldReady
AED 2,370,000AED 1,501 per sqft
1 Jun 2014RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
23 Sep 2010Sold by developerReady
AED 1,520,000AED 963 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
2-bed apartment
Size
1,578 sqft
Floor
24th of 51
Parking
MM - 65
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,400 /yr
Last sold
AED 2.37M · August 2015

About 2402, Executive Tower M (West Heights 1)

2402 is a two-bedroom apartment of 1,578 sqft on the 24th 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 20 August 2015 for AED 2,370,000, or AED 1,501 per sqft, 3% above the AED 1,457 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 15 December 2020, is AED 82,000 a year: a gross yield of 3.5% on the 2015 price, before the service charge of about AED 23,400 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, each saleTypical two-bed in Executive Tower M (West Heights 1)
1.5M2M2.5M2010201520202025Typical sale price by year: 2010 AED 1,569,925; 2011 AED 1,425,000; 2012 AED 1,413,000; 2013 AED 1,810,000; 2014 AED 2,305,000; 2015 AED 2,087,500; 2016 AED 1,975,000; 2017 AED 2,000,000; 2018 AED 1,505,000; 2019 AED 1,455,000; 2020 AED 1,317,500; 2021 AED 1,555,500; 2022 AED 1,550,000; 2023 AED 1,682,500; 2024 AED 1,900,000; 2025 AED 2,150,000; 2026 AED 2,150,000Sold by developer, September 2010: AED 1,520,000 (AED 963 per sqft)Sold, August 2015: AED 2,370,000 (AED 1,501 per sqft)

2402 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, each contractTypical two-bed in Executive Tower M (West Heights 1)
100K150K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 105,000; 2014 AED 125,000; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,500; 2018 AED 114,999; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 82,500; 2022 AED 93,307; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 132,500New contract, June 2014: AED 140,000 a yearNew contract, December 2019: AED 100,000 a yearRenewal, December 2020: AED 82,000 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 M (West Heights 1), and where 2402 sits

All 228 2-beds →

2402 last sold in August 2015 at AED 1,501 per sqft, 3% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,457). Over the last 12 months two-beds sold for AED 1,800,000 to 2,835,000, around AED 1,508 per sqft, and rent for AED 30,000 to 170,000 a year. 2402's AED 82,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Oct 20261,975,000
14 Oct 20262,835,000
22 Sep 20262,110,000
17 Sep 20262,475,000
21 2-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
24012-bedAED 1.94M · Nov 2012
24032-bedAED 1.1M · Feb 2012
24042-bedAED 1.2M · Mar 2022
24052-bedAED 1.6M · Feb 2013
24062-bedAED 1.98M · Jun 2010
24072-bedAED 1.98M · Mar 2025
24082-bedAED 2.15M · Feb 2025

2402, Executive Tower M (West Heights 1) in numbers

  • Sold twice: first on 23 September 2010 for AED 1,520,000, last on 20 August 2015 for AED 2,370,000 (AED 1,501 per sqft).
  • Rented since June 2014 on 3 Ejari contracts, from AED 140,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2015 price is 3.5%, before a service charge of about AED 23,400 a year (AED 14.84 per sqft).
  • Two-beds in Executive Tower M (West Heights 1) sold for AED 1,800,000–2,835,000 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 15 December 2020.

Questions about 2402, Executive Tower M (West Heights 1)

What did unit 2402 last sell for?

AED 2,370,000 on 20 August 2015: AED 1,501 per sqft for 1,578 sqft. The unit has 2 registered sales; the first was AED 1,520,000 in September 2010.

What is the rent for unit 2402?

AED 82,000 a year on the contract renewed on 15 December 2020. The previous contract, from December 2019, was AED 100,000; the unit has been rented since June 2014.

How big is unit 2402?

1,578 sqft (146.6 sqm): a two-bedroom apartment on the 24th floor of a 51-storey tower completed in 2009.

What is unit 2402 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 M (West Heights 1) sold for AED 1,800,000 to 2,835,000 in the last 12 months, around AED 1,508 per sqft.

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Mortgage on 2402, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.37M, 20 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,370,000
Deposit, UAE resident (20%)
AED 474,000
Deposit, non-resident (40%)
AED 948,000
Monthly over 25 years at 3.7%
AED 9,696

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