2-bed · 1,427 sqftExecutive Tower M (West Heights 1), Business Bay · 35th floor · completed 2009

3503, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3503 · DLD and Ejari recordsUpdated 27 November 2024
Last soldAED 1.97M27 November 2024
Current rentAED 120K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3503, Executive Tower M (West Heights 1)

What is 3503 worth today?

Last sold for AED 1,970,000 in 2024

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27 Nov 2024SoldReady
AED 1,970,000AED 1,380 per sqft
1 Jul 2023RentedRenewal
AED 120,000/yr12 months · AED 84 per sqft
1 Oct 2022RentedRenewal
AED 87,549/yr9 months · AED 61 per sqft
1 Oct 2021RentedRenewal
AED 80,000/yr12 months · AED 56 per sqft
1 Oct 2020RentedRenewal
AED 80,000/yr12 months · AED 56 per sqft
1 Oct 2019RentedRenewal
AED 100,000/yr12 months · AED 70 per sqft
1 Oct 2018RentedRenewal
AED 110,000/yr12 months · AED 77 per sqft
1 Oct 2017RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 27 November 2024.

Key facts

Type
2-bed apartment
Size
1,427 sqft
Floor
35th of 51
Parking
MM - 154
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,200 /yr
Last sold
AED 1.97M · November 2024

About 3503, Executive Tower M (West Heights 1)

3503 is a two-bedroom apartment of 1,427 sqft on the 35th 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 27 November 2024 for AED 1,970,000, or AED 1,380 per sqft, 12% above the AED 1,235 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 July 2023, is AED 120,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 21,200 a year.

Sales and rents for 3503 over time

Sales
Unit 3503, 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, April 2011: AED 2,013,000 (AED 1,410 per sqft)Sold, August 2013: AED 1,950,000 (AED 1,366 per sqft)Sold, November 2024: AED 1,970,000 (AED 1,380 per sqft)

3503 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3503, 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, April 2014: AED 130,000 a yearNew contract, April 2015: AED 130,000 a yearNew contract, September 2015: AED 125,000 a yearNew contract, October 2017: AED 120,000 a yearRenewal, October 2018: AED 110,000 a yearRenewal, October 2019: AED 100,000 a yearRenewal, October 2020: AED 80,000 a yearRenewal, October 2021: AED 80,000 a yearRenewal, October 2022: AED 87,549 a yearRenewal, July 2023: AED 120,000 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 3503 sits

All 228 2-beds →

3503 last sold in November 2024 at AED 1,380 per sqft, 12% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,235). 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. 3503's AED 120,000 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
35012-bedAED 550K · Oct 2010
35022-bedAED 1.64M · Jan 2010
35042-bedAED 742K · Jul 2011
35052-bedAED 1.6M · Nov 2022
35062-bedAED 1.52M · Sep 2010
35072-bedAED 2.45M · Oct 2010
35082-bedAED 2.31M · Jul 2014

3503, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 25 April 2011 for AED 2,013,000, last on 27 November 2024 for AED 1,970,000 (AED 1,380 per sqft).
  • Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 130,000 to AED 80,000 in 2021 and recovered to AED 120,000 by July 2023.
  • At AED 120,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 21,200 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 27 November 2024.

Questions about 3503, Executive Tower M (West Heights 1)

What did unit 3503 last sell for?

AED 1,970,000 on 27 November 2024: AED 1,380 per sqft for 1,427 sqft. The unit has 3 registered sales; the first was AED 2,013,000 in April 2011.

What is the rent for unit 3503?

AED 120,000 a year on the contract renewed on 1 July 2023. The previous contract, from October 2022, was AED 87,549; the unit has been rented since April 2014.

How big is unit 3503?

1,427 sqft (132.6 sqm): a two-bedroom apartment on the 35th floor of a 51-storey tower completed in 2009.

What is unit 3503 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 3503, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.97M, 27 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,970,000
Deposit, UAE resident (20%)
AED 394,000
Deposit, non-resident (40%)
AED 788,000
Monthly over 25 years at 3.7%
AED 8,060

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