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2-bed · 1,665 sqftExecutive Tower M (West Heights 1), Business Bay · 45th floor · completed 2009

4504, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4504 · DLD and Ejari recordsUpdated 16 July 2024
Last soldAED 2.5M16 July 2024
Current rentAED 165K /yr21 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4504, Executive Tower M (West Heights 1)

What is 4504 worth today?

Last sold for AED 2,500,000 in 2024

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16 Jul 2024SoldReady
AED 2,500,000AED 1,501 per sqft
21 Nov 2023RentedNew contract
AED 165,000/yr12 months · AED 99 per sqft
10 Nov 2022RentedRenewal
AED 110,000/yr12 months · AED 66 per sqft
10 Nov 2021RentedRenewal
AED 95,000/yr12 months · AED 57 per sqft
10 Nov 2020RentedNew contract
AED 85,000/yr12 months · AED 51 per sqft
21 Sep 2019RentedRenewal
AED 125,000/yr12 months · AED 75 per sqft
21 Sep 2018RentedRenewal
AED 135,000/yr12 months · AED 81 per sqft
21 Sep 2017RentedNew contract
AED 135,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 16 July 2024.

Key facts

Type
2-bed apartment
Size
1,665 sqft
Floor
45th of 51
Parking
MG - 80
Developer
Dubai Properties
Completed
2009
Service charge
AED 24,700 /yr
Last sold
AED 2.5M · July 2024
Building
Executive Tower M (West Heights 1)

About 4504, Executive Tower M (West Heights 1)

4504 is a two-bedroom apartment of 1,665 sqft on the 45th 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 16 July 2024 for AED 2,500,000, or AED 1,501 per sqft, 25% above the AED 1,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 21 November 2023, is AED 165,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 24,700 a year.

Sales and rents for 4504 over time

Sales
Unit 4504, 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, November 2010: AED 1,975,000 (AED 1,186 per sqft)Sold, April 2013: AED 965,700 (AED 580 per sqft)Sold, July 2024: AED 2,500,000 (AED 1,501 per sqft)

4504 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4504, 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, September 2016: AED 165,000 a yearNew contract, September 2017: AED 135,000 a yearRenewal, September 2018: AED 135,000 a yearRenewal, September 2019: AED 125,000 a yearNew contract, November 2020: AED 85,000 a yearRenewal, November 2021: AED 95,000 a yearRenewal, November 2022: AED 110,000 a yearNew contract, November 2023: AED 165,000 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 4504 sits

All 228 2-beds →

4504 last sold in July 2024 at AED 1,501 per sqft, 25% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,200). 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. 4504's AED 165,000 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 →

Other units on the 45th floor

All 331 units in Executive Tower M (West Heights 1)
Value
45012-bedAED 2.65M · Dec 2014
45022-bedAED 2.4M · Dec 2024
45032-bedAED 2.84M · Oct 2026

4504, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 24 November 2010 for AED 1,975,000, last on 16 July 2024 for AED 2,500,000 (AED 1,501 per sqft).
  • Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 165,000 to AED 85,000 in 2020 and recovered to AED 165,000 by November 2023.
  • At AED 165,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 24,700 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 16 July 2024.

Questions about 4504, Executive Tower M (West Heights 1)

What did unit 4504 last sell for?

AED 2,500,000 on 16 July 2024: AED 1,501 per sqft for 1,665 sqft. The unit has 3 registered sales; the first was AED 1,975,000 in November 2010.

What is the rent for unit 4504?

AED 165,000 a year on the contract signed on 21 November 2023. The previous contract, from November 2022, was AED 110,000; the unit has been rented since September 2016.

How big is unit 4504?

1,665 sqft (154.7 sqm): a two-bedroom apartment on the 45th floor of a 51-storey tower completed in 2009.

What is unit 4504 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 4504, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.5M, 16 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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