2-bed · 1,578 sqftExecutive Tower M (West Heights 1), Business Bay · 34th floor · completed 2009

3407, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 4 times, last in October 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3407 · DLD and Ejari recordsUpdated 24 October 2021
Last soldAED 1.54M24 October 2021
Current rentAED 85K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3407, Executive Tower M (West Heights 1)

What is 3407 worth today?

Last sold for AED 1,536,000 in 2021

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24 Oct 2021SoldReady
AED 1,536,000AED 973 per sqft
6 Aug 2020SoldReady
AED 1,600,000AED 1,013 per sqft
1 Feb 2020RentedRenewal
AED 85,000/yr12 months · AED 54 per sqft
1 Feb 2019RentedNew contract
AED 90,000/yr12 months · AED 57 per sqft
1 Jan 2018RentedNew contract
AED 110,000/yr12 months · AED 70 per sqft
1 Dec 2015RentedNew contract
AED 125,000/yr12 months · AED 79 per sqft
1 Dec 2014RentedNew contract
AED 125,000/yr12 months · AED 79 per sqft
2 Oct 2014SoldReady
AED 2,400,000AED 1,520 per sqft

Source: Dubai Land Department. Updated 24 October 2021.

Key facts

Type
2-bed apartment
Size
1,578 sqft
Floor
34th of 51
Parking
MM - 150
Developer
Dubai Properties
Completed
2009
Service charge
AED 23,400 /yr
Last sold
AED 1.54M · October 2021

About 3407, Executive Tower M (West Heights 1)

3407 is a two-bedroom apartment of 1,578 sqft on the 34th 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 24 October 2021 for AED 1,536,000, or AED 973 per sqft, in line with the AED 945 two-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 1 February 2020, is AED 85,000 a year: a gross yield of 5.5% on the 2021 price, before the service charge of about AED 23,400 a year.

Sales and rents for 3407 over time

Sales
Unit 3407, each saleTypical two-bed in Executive Tower M (West Heights 1)
2M2010201520202025Typical 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, April 2010: AED 2,450,000 (AED 1,552 per sqft)Sold, October 2014: AED 2,400,000 (AED 1,520 per sqft)Sold, August 2020: AED 1,600,000 (AED 1,013 per sqft)Sold, October 2021: AED 1,536,000 (AED 973 per sqft)

3407 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3407, each contractTypical two-bed in Executive Tower M (West Heights 1)
75K100K125K2012201620202024Typical 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, December 2013: AED 125,000 a yearNew contract, December 2014: AED 125,000 a yearNew contract, December 2015: AED 125,000 a yearNew contract, January 2018: AED 110,000 a yearNew contract, February 2019: AED 90,000 a yearRenewal, February 2020: AED 85,000 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 3407 sits

All 228 2-beds →

3407 last sold in October 2021 at AED 973 per sqft, in line with what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 945). 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. 3407's AED 85,000 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
34012-bedAED 1.78M · Dec 2022
34022-bedAED 1.52M · May 2012
34032-bedAED 1.98M · Oct 2015
34042-bedAED 2.15M · Jul 2026
34052-bedAED 1.52M · Jan 2012
34062-bedAED 1.21M · May 2014
34082-bedAED 1.78M · Jun 2010

3407, Executive Tower M (West Heights 1) in numbers

  • Sold 4 times: first on 13 April 2010 for AED 2,450,000, last on 24 October 2021 for AED 1,536,000 (AED 973 per sqft).
  • Rented since December 2013 on 6 Ejari contracts, from AED 125,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 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 24 October 2021.

Questions about 3407, Executive Tower M (West Heights 1)

What did unit 3407 last sell for?

AED 1,536,000 on 24 October 2021: AED 973 per sqft for 1,578 sqft. The unit has 4 registered sales; the first was AED 2,450,000 in April 2010.

What is the rent for unit 3407?

AED 85,000 a year on the contract renewed on 1 February 2020. The previous contract, from February 2019, was AED 90,000; the unit has been rented since December 2013.

How big is unit 3407?

1,578 sqft (146.6 sqm): a two-bedroom apartment on the 34th floor of a 51-storey tower completed in 2009.

What is unit 3407 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 3407, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.54M, 24 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,536,000
Deposit, UAE resident (20%)
AED 307,200
Deposit, non-resident (40%)
AED 614,400
Monthly over 25 years at 3.7%
AED 6,284

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