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2-bed · 1,692 sqftExecutive Tower M (West Heights 1), Business Bay · 47th floor · completed 2009

4703, Executive Tower M (West Heights 1)

Sold prices and rental history: sold twice, last in September 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4703 · DLD and Ejari recordsUpdated 24 September 2017
Last soldAED 2.35M24 September 2017
Current rentAED 150K /yr5 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4703, Executive Tower M (West Heights 1)

What is 4703 worth today?

Last sold for AED 2,350,000 in 2017

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24 Sep 2017SoldReady
AED 2,350,000AED 1,388 per sqft
5 Aug 2016RentedRenewal
AED 150,000/yr12 months · AED 89 per sqft
5 Aug 2015RentedNew contract
AED 150,000/yr12 months · AED 89 per sqft
21 Jul 2014RentedNew contract
AED 155,000/yr12 months · AED 92 per sqft
20 Sep 2011Sold by developerReady
AED 1,886,125AED 1,114 per sqft

Source: Dubai Land Department. Updated 24 September 2017.

Key facts

Type
2-bed apartment
Size
1,692 sqft
Floor
47th of 51
Parking
MG - 87
Developer
Dubai Properties
Completed
2009
Service charge
AED 25,100 /yr
Last sold
AED 2.35M · September 2017
Building
Executive Tower M (West Heights 1)

About 4703, Executive Tower M (West Heights 1)

4703 is a two-bedroom apartment of 1,692 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 September 2017 for AED 2,350,000, or AED 1,388 per sqft, 4% above the AED 1,336 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 5 August 2016, is AED 150,000 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 25,100 a year.

Sales and rents for 4703 over time

Sales
Unit 4703, each saleTypical two-bed in Executive Tower M (West Heights 1)
1.5M2M2.5M2010201520202025Typical 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, September 2011: AED 1,886,125 (AED 1,114 per sqft)Sold, September 2017: AED 2,350,000 (AED 1,388 per sqft)

4703 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4703, 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, July 2014: AED 155,000 a yearNew contract, August 2015: AED 150,000 a yearRenewal, August 2016: AED 150,000 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 4703 sits

All 228 2-beds →

4703 last sold in September 2017 at AED 1,388 per sqft, 4% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,336). 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. 4703's AED 150,000 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 47th floor

All 331 units in Executive Tower M (West Heights 1)
Value
47012-bedAED 1.29M · Nov 2016
47022-bedAED 2.26M · Apr 2024
47042-bedAED 1.58M · May 2021

4703, Executive Tower M (West Heights 1) in numbers

  • Sold twice: first on 20 September 2011 for AED 1,886,125, last on 24 September 2017 for AED 2,350,000 (AED 1,388 per sqft).
  • Rented since July 2014 on 3 Ejari contracts, from AED 155,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2017 price is 6.4%, before a service charge of about AED 25,100 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 September 2017.

Questions about 4703, Executive Tower M (West Heights 1)

What did unit 4703 last sell for?

AED 2,350,000 on 24 September 2017: AED 1,388 per sqft for 1,692 sqft. The unit has 2 registered sales; the first was AED 1,886,125 in September 2011.

What is the rent for unit 4703?

AED 150,000 a year on the contract renewed on 5 August 2016. The previous contract, from August 2015, was AED 150,000; the unit has been rented since July 2014.

How big is unit 4703?

1,692 sqft (157.2 sqm): a two-bedroom apartment on the 47th floor of a 51-storey tower completed in 2009.

What is unit 4703 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 4703, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.35M, 24 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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