2-bed · 1,425 sqftExecutive Tower M (West Heights 1), Business Bay · 24th floor · completed 2009

2406, Executive Tower M (West Heights 1)

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2406 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 1.98M17 June 2010
Current rentAED 105K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2406, Executive Tower M (West Heights 1)

What is 2406 worth today?

Last sold for AED 1,979,000 in 2010

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1 Sep 2024RentedRenewal
AED 105,000/yr10 months · AED 74 per sqft
1 Sep 2023RentedNew contract
AED 105,000/yr12 months · AED 74 per sqft
1 Sep 2022RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
28 Jan 2020RentedNew contract
AED 55,000/yr12 months · AED 39 per sqft
27 Jan 2019RentedNew contract
AED 93,000/yr12 months · AED 65 per sqft
24 Oct 2017RentedRenewal
AED 130,000/yr12 months · AED 91 per sqft
24 Oct 2016RentedRenewal
AED 140,000/yr12 months · AED 99 per sqft
24 Oct 2015RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,425 sqft
Floor
24th of 51
Parking
MM - 69
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,100 /yr
Last sold
AED 1.98M · June 2010

About 2406, Executive Tower M (West Heights 1)

2406 is a two-bedroom apartment of 1,425 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. The developer sold it on 17 June 2010 for AED 1,979,000, or AED 1,388 per sqft, 32% above the AED 1,052 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 105,000 a year: a gross yield of 5.3% on the 2010 price, before the service charge of about AED 21,100 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, each saleTypical two-bed in Executive Tower M (West Heights 1)
1.5M2M2010201520202025Typical 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, June 2010: AED 1,979,000 (AED 1,388 per sqft)

2406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, each contractTypical two-bed in Executive Tower M (West Heights 1)
50K100K150K2012201620202024Typical 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, March 2014: AED 110,000 a yearNew contract, March 2015: AED 140,000 a yearNew contract, October 2015: AED 140,000 a yearRenewal, October 2016: AED 140,000 a yearRenewal, October 2017: AED 130,000 a yearNew contract, January 2019: AED 93,000 a yearNew contract, January 2020: AED 55,000 a yearNew contract, September 2022: AED 85,000 a yearNew contract, September 2023: AED 105,000 a yearRenewal, September 2024: AED 105,000 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 2406 sits

All 228 2-beds →

2406 last sold in June 2010 at AED 1,388 per sqft, 32% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,052). 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. 2406's AED 105,000 is in the upper 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
24022-bedAED 2.37M · Aug 2015
24032-bedAED 1.1M · Feb 2012
24042-bedAED 1.2M · Mar 2022
24052-bedAED 1.6M · Feb 2013
24072-bedAED 1.98M · Mar 2025
24082-bedAED 2.15M · Feb 2025

2406, Executive Tower M (West Heights 1) in numbers

  • Sold once: by Dubai Properties on 17 June 2010 for AED 1,979,000, or AED 1,388 per sqft.
  • Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 55,000 in 2020 and recovered to AED 105,000 by September 2024.
  • At AED 105,000 a year the gross yield on the 2010 price is 5.3%, before a service charge of about AED 21,100 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 1 September 2024.

Questions about 2406, Executive Tower M (West Heights 1)

What did unit 2406 last sell for?

AED 1,979,000 on 17 June 2010, sold by the developer: AED 1,388 per sqft for 1,425 sqft. It is the only registered sale of the unit.

What is the rent for unit 2406?

AED 105,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 105,000; the unit has been rented since March 2014.

How big is unit 2406?

1,425 sqft (132.4 sqm): a two-bedroom apartment on the 24th floor of a 51-storey tower completed in 2009.

What is unit 2406 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 2406, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.98M, 17 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,979,000
Deposit, UAE resident (20%)
AED 395,800
Deposit, non-resident (40%)
AED 791,600
Monthly over 25 years at 3.7%
AED 8,097

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