2-bed · 1,578 sqftExecutive Tower M (West Heights 1), Business Bay · 33rd floor · completed 2009

3308, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3308 · DLD and Ejari recordsUpdated 30 November 2022
Last soldAED 1.7M30 November 2022
Current rentAED 93K /yr15 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3308, Executive Tower M (West Heights 1)

What is 3308 worth today?

Last sold for AED 1,700,000 in 2022

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30 Nov 2022SoldReady
AED 1,700,000AED 1,077 per sqft
15 Mar 2022RentedRenewal
AED 93,000/yr12 months · AED 59 per sqft
15 Mar 2021RentedRenewal
AED 83,000/yr12 months · AED 52 per sqft
15 Mar 2020RentedNew contract
AED 93,000/yr12 months · AED 59 per sqft
18 Feb 2019RentedRenewal
AED 118,000/yr12 months · AED 75 per sqft
18 Feb 2018RentedNew contract
AED 125,000/yr12 months · AED 79 per sqft
15 Feb 2017RentedRenewal
AED 144,000/yr12 months · AED 91 per sqft
15 Feb 2016RentedRenewal
AED 148,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 30 November 2022.

Key facts

Type
2-bed apartment
Size
1,578 sqft
Floor
33rd of 51
Parking
MM - 143
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,400 /yr
Last sold
AED 1.7M · November 2022

About 3308, Executive Tower M (West Heights 1)

3308 is a two-bedroom apartment of 1,578 sqft on the 33rd 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 30 November 2022 for AED 1,700,000, or AED 1,077 per sqft, 3% above the AED 1,045 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 15 March 2022, is AED 93,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for 3308 over time

Sales
Unit 3308, each saleTypical two-bed in Executive Tower M (West Heights 1)
1M2M2010201520202025Typical 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, May 2010: AED 2,278,500 (AED 1,443 per sqft)Sold, March 2012: AED 1,170,000 (AED 741 per sqft)Sold, November 2022: AED 1,700,000 (AED 1,077 per sqft)

3308 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3308, 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, February 2014: AED 150,000 a yearNew contract, February 2015: AED 148,000 a yearRenewal, February 2016: AED 148,000 a yearRenewal, February 2017: AED 144,000 a yearNew contract, February 2018: AED 125,000 a yearRenewal, February 2019: AED 118,000 a yearNew contract, March 2020: AED 93,000 a yearRenewal, March 2021: AED 83,000 a yearRenewal, March 2022: AED 93,000 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 3308 sits

All 228 2-beds →

3308 last sold in November 2022 at AED 1,077 per sqft, 3% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,045). 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. 3308's AED 93,000 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
33012-bedAED 1.71M · Oct 2010
33022-bedAED 1.71M · Dec 2021
33032-bedAED 1.9M · Nov 2016
33042-bedAED 1.44M · Aug 2022
33052-bedAED 1.46M · Sep 2019
33062-bedAED 1.16M · Dec 2011
33072-bedAED 1.43M · Dec 2012

3308, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 12 May 2010 for AED 2,278,500, last on 30 November 2022 for AED 1,700,000 (AED 1,077 per sqft).
  • Rented since February 2014 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 83,000 in 2021 and recovered to AED 93,000 by March 2022.
  • At AED 93,000 a year the gross yield on the 2022 price is 5.5%, 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 30 November 2022.

Questions about 3308, Executive Tower M (West Heights 1)

What did unit 3308 last sell for?

AED 1,700,000 on 30 November 2022: AED 1,077 per sqft for 1,578 sqft. The unit has 3 registered sales; the first was AED 2,278,500 in May 2010.

What is the rent for unit 3308?

AED 93,000 a year on the contract renewed on 15 March 2022. The previous contract, from March 2021, was AED 83,000; the unit has been rented since February 2014.

How big is unit 3308?

1,578 sqft (146.6 sqm): a two-bedroom apartment on the 33rd floor of a 51-storey tower completed in 2009.

What is unit 3308 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 3308, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.7M, 30 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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