Penthouse · 1,994 sqftExecutive Tower M (West Heights 1), Business Bay · 50th floor · completed 2009

5003, Executive Tower M (West Heights 1)

Sold prices and rental history: sold 4 times, last in June 2023, and rented once, from May 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5003 · DLD and Ejari recordsUpdated 7 June 2023
Last soldAED 2.25M7 June 2023
Current rentAED 50K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5003, Executive Tower M (West Heights 1)

What is 5003 worth today?

Last sold for AED 2,250,000 in 2023

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7 Jun 2023SoldReady
AED 2,250,000AED 1,128 per sqft
24 Jun 2021SoldReady
AED 1,925,000AED 965 per sqft
1 May 2019RentedNew contract
AED 50,000/yr36 months · AED 25 per sqft
10 Sep 2013SoldReady
AED 1,000,000AED 1,002 per sqft
3 Oct 2010Sold by developerReady
AED 1,885,000AED 945 per sqft

Source: Dubai Land Department. Updated 7 June 2023.

Key facts

Type
Penthouse apartment
Size
1,994 sqft
Floor
50th of 51
Parking
MG - 26 & 27
Developer
Dubai Properties
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 2.25M · June 2023

About 5003, Executive Tower M (West Heights 1)

5003 is a penthouse of 1,994 sqft on the 50th 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 7 June 2023 for AED 2,250,000, or AED 1,128 per sqft.

One Ejari contract is registered, from 1 May 2019. The current contract, signed on 1 May 2019, is AED 50,000 a year: a gross yield of 2.2% on the 2023 price, before the service charge of about AED 29,600 a year.

Sales and rents for 5003 over time

Sales
Unit 5003, each saleTypical penthouse in Executive Tower M (West Heights 1)
1M2M2010201420182022Typical sale price by year: 2010 AED 1,885,000; 2023 AED 2,250,000Sold by developer, October 2010: AED 1,885,000 (AED 945 per sqft)Sold, September 2013: AED 1,000,000 (AED 1,002 per sqft)Sold, June 2021: AED 1,925,000 (AED 965 per sqft)Sold, June 2023: AED 2,250,000 (AED 1,128 per sqft)

5003 has sold 4 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5003, each contractTypical penthouse in Executive Tower M (West Heights 1)
0200K400K2016201920222025Typical rent by year: 2016 AED 137,500; 2019 AED 90,000; 2020 AED 150,000; 2021 AED 220,000; 2022 AED 250,000; 2023 AED 204,500; 2024 AED 150,000; 2026 AED 375,000New contract, May 2019: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.

Penthouses in Executive Tower M (West Heights 1), and where 5003 sits

All 7 penthouses →

5003's AED 50,000 is at the bottom of that range.

Recent penthouse salesUnit no.Price (AED)Summary
12 May 20253,075,000
27 Feb 202510,100,000
18 Sep 20235,000,000
11 Jul 20232,200,000
0 penthouse 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
5001PenthouseAED 2.36M · Feb 2014
5002PenthouseAED 2.7M · Mar 2018
5004PenthouseAED 600K · Nov 2010
5005PenthouseAED 3.08M · May 2025

5003, Executive Tower M (West Heights 1) in numbers

  • Sold 4 times: first on 3 October 2010 for AED 1,885,000, last on 7 June 2023 for AED 2,250,000 (AED 1,128 per sqft).
  • Rented since May 2019 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 2.2%, before a service charge of about AED 29,600 a year (AED 14.84 per sqft).

Source: Dubai Land Department. Updated 7 June 2023.

Questions about 5003, Executive Tower M (West Heights 1)

What did unit 5003 last sell for?

AED 2,250,000 on 7 June 2023: AED 1,128 per sqft for 1,994 sqft. The unit has 4 registered sales; the first was AED 1,885,000 in October 2010.

What is the rent for unit 5003?

AED 50,000 a year on the contract signed on 1 May 2019.

How big is unit 5003?

1,994 sqft (185.2 sqm): a penthouse on the 50th floor of a 51-storey tower completed in 2009.

What is unit 5003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 5003, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.25M, 7 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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