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2-bed · 1,663 sqftExecutive Tower M (West Heights 1), Business Bay · 46th floor · completed 2009

4602, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4602 · DLD and Ejari recordsUpdated 18 May 2021
Last soldAED 1.5M18 May 2021
Current rentAED 95K /yr25 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4602, Executive Tower M (West Heights 1)

What is 4602 worth today?

Last sold for AED 1,500,000 in 2021

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18 May 2021SoldReady
AED 1,500,000AED 901 per sqft
25 Jun 2020RentedRenewal
AED 95,000/yr8 months · AED 57 per sqft
25 Feb 2019RentedRenewal
AED 71,250/yr16 months · AED 43 per sqft
25 Feb 2018RentedNew contract
AED 125,000/yr12 months · AED 75 per sqft
20 Feb 2017RentedRenewal
AED 145,000/yr12 months · AED 87 per sqft
20 Feb 2016RentedNew contract
AED 145,000/yr12 months · AED 87 per sqft
31 Dec 2013RentedNew contract
AED 140,000/yr12 months · AED 84 per sqft
25 Mar 2010SoldReady
AED 1,503,125AED 903 per sqft

Source: Dubai Land Department. Updated 18 May 2021.

Key facts

Type
2-bed apartment
Size
1,663 sqft
Floor
46th of 51
Parking
MG - 82
Developer
Dubai Properties
Completed
2009
Service charge
AED 24,700 /yr
Last sold
AED 1.5M · May 2021
Building
Executive Tower M (West Heights 1)

About 4602, Executive Tower M (West Heights 1)

4602 is a two-bedroom apartment of 1,663 sqft on the 46th 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 18 May 2021 for AED 1,500,000, or AED 901 per sqft, 7% above the AED 839 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 25 June 2020, is AED 95,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 24,700 a year.

Sales and rents for 4602 over time

Sales
Unit 4602, 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, March 2010: AED 1,503,125 (AED 903 per sqft)Sold by developer, March 2010: AED 2,668,000 (AED 1,604 per sqft)Sold, May 2021: AED 1,500,000 (AED 901 per sqft)

4602 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4602, 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, December 2013: AED 140,000 a yearNew contract, February 2016: AED 145,000 a yearRenewal, February 2017: AED 145,000 a yearNew contract, February 2018: AED 125,000 a yearRenewal, February 2019: AED 71,250 a yearRenewal, June 2020: AED 95,000 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 4602 sits

All 228 2-beds →

4602 last sold in May 2021 at AED 901 per sqft, 7% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 839). 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. 4602's AED 95,000 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 →

Other units on the 46th floor

All 331 units in Executive Tower M (West Heights 1)
Value
46012-bedAED 2.72M · Apr 2010
46032-bedAED 2.4M · Apr 2017
46042-bedAED 2.1M · Dec 2023

4602, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 17 March 2010 for AED 2,668,000, last on 18 May 2021 for AED 1,500,000 (AED 901 per sqft).
  • Rented since December 2013 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 71,250 in 2019 and recovered to AED 95,000 by June 2020.
  • At AED 95,000 a year the gross yield on the 2021 price is 6.3%, 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 18 May 2021.

Questions about 4602, Executive Tower M (West Heights 1)

What did unit 4602 last sell for?

AED 1,500,000 on 18 May 2021: AED 901 per sqft for 1,663 sqft. The unit has 3 registered sales; the first was AED 2,668,000 in March 2010.

What is the rent for unit 4602?

AED 95,000 a year on the contract renewed on 25 June 2020. The previous contract, from February 2019, was AED 71,250; the unit has been rented since December 2013.

How big is unit 4602?

1,663 sqft (154.5 sqm): a two-bedroom apartment on the 46th floor of a 51-storey tower completed in 2009.

What is unit 4602 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 4602, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.5M, 18 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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