2-bed · 1,663 sqftExecutive Tower M (West Heights 1), Business Bay · 47th floor · completed 2009

4702, Executive Tower M (West Heights 1)

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

Unit 4702 · DLD and Ejari recordsUpdated 7 May 2024
Last soldAED 2.26M24 April 2024
Current rentAED 128K /yr7 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4702, Executive Tower M (West Heights 1)

What is 4702 worth today?

Last sold for AED 2,260,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

7 May 2024RentedNew contract
AED 127,500/yr12 months · AED 77 per sqft
24 Apr 2024SoldReady
AED 2,260,000AED 1,358 per sqft
7 May 2023RentedRenewal
AED 115,000/yr12 months · AED 69 per sqft
7 May 2022RentedRenewal
AED 100,000/yr12 months · AED 60 per sqft
7 May 2021RentedNew contract
AED 95,000/yr12 months · AED 57 per sqft
7 May 2020RentedRenewal
AED 125,000/yr12 months · AED 75 per sqft
7 May 2019RentedRenewal
AED 125,000/yr12 months · AED 75 per sqft
7 May 2018RentedNew contract
AED 125,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 7 May 2024.

Key facts

Type
2-bed apartment
Size
1,663 sqft
Floor
47th of 51
Parking
MG - 86
Developer
Dubai Properties
Completed
2009
Service charge
AED 24,700 /yr
Last sold
AED 2.26M · April 2024

About 4702, Executive Tower M (West Heights 1)

4702 is a two-bedroom apartment of 1,663 sqft on the 47th 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 April 2024 for AED 2,260,000, or AED 1,358 per sqft, 15% above the AED 1,181 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 7 May 2024, is AED 127,500 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 24,700 a year.

Sales and rents for 4702 over time

Sales
Unit 4702, 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, October 2010: AED 2,668,000 (AED 1,604 per sqft)Sold, October 2013: AED 2,668,000 (AED 1,604 per sqft)Sold, April 2024: AED 2,260,000 (AED 1,358 per sqft)

4702 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4702, 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, March 2014: AED 114,000 a yearNew contract, April 2015: AED 150,000 a yearRenewal, April 2016: AED 150,000 a yearRenewal, April 2017: AED 150,000 a yearNew contract, May 2018: AED 125,000 a yearRenewal, May 2019: AED 125,000 a yearRenewal, May 2020: AED 125,000 a yearNew contract, May 2021: AED 95,000 a yearRenewal, May 2022: AED 100,000 a yearRenewal, May 2023: AED 115,000 a yearNew contract, May 2024: AED 127,500 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 4702 sits

All 228 2-beds →

4702 last sold in April 2024 at AED 1,358 per sqft, 15% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,181). 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. 4702's AED 127,500 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
47012-bedAED 1.29M · Nov 2016
47032-bedAED 2.35M · Sep 2017
47042-bedAED 1.58M · May 2021

4702, Executive Tower M (West Heights 1) in numbers

  • Sold 3 times: first on 10 October 2010 for AED 2,668,000, last on 24 April 2024 for AED 2,260,000 (AED 1,358 per sqft).
  • Rented since March 2014 on 11 Ejari contracts. The rent fell from AED 114,000 to AED 95,000 in 2021 and recovered to AED 127,500 by May 2024.
  • At AED 127,500 a year the gross yield on the 2024 price is 5.6%, 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 7 May 2024.

Questions about 4702, Executive Tower M (West Heights 1)

What did unit 4702 last sell for?

AED 2,260,000 on 24 April 2024: AED 1,358 per sqft for 1,663 sqft. The unit has 3 registered sales; the first was AED 2,668,000 in October 2010.

What is the rent for unit 4702?

AED 127,500 a year on the contract signed on 7 May 2024. The previous contract, from May 2023, was AED 115,000; the unit has been rented since March 2014.

How big is unit 4702?

1,663 sqft (154.5 sqm): a two-bedroom apartment on the 47th floor of a 51-storey tower completed in 2009.

What is unit 4702 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.

Selling 4702? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 4702, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.26M, 24 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,260,000
Deposit, UAE resident (20%)
AED 452,000
Deposit, non-resident (40%)
AED 904,000
Monthly over 25 years at 3.7%
AED 9,246

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