2-bed · 1,871 sqftWest Wharf Tower, Business Bay · 10th floor · completed 2013

1005, West Wharf Tower

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 1.9M1 August 2023
Current rentAED 90K /yr20 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, West Wharf Tower

What is 1005 worth today?

Last sold for AED 1,900,000 in 2023

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1 Aug 2023SoldReady
AED 1,900,000AED 1,015 per sqft
20 Apr 2021RentedNew contract
AED 90,000/yr12 months · AED 48 per sqft
15 Dec 2019RentedNew contract
AED 115,000/yr12 months · AED 61 per sqft
10 Dec 2018RentedRenewal
AED 125,000/yr12 months · AED 67 per sqft
10 Dec 2017RentedRenewal
AED 140,000/yr12 months · AED 75 per sqft
10 Dec 2016RentedNew contract
AED 145,000/yr12 months · AED 77 per sqft
3 Oct 2016Sold by developerReady
AED 2,323,000AED 1,241 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
2-bed apartment
Size
1,871 sqft
Floor
10th of 17
Parking
B2-5,B2-6 0
Developer
Capital Trust Gulf
Completed
2013
Service charge
AED 40,400 /yr
Last sold
AED 1.9M · August 2023

About 1005, West Wharf Tower

1005 is a two-bedroom apartment of 1,871 sqft on the 10th floor of West Wharf Tower, a 17-storey tower in Business Bay completed in 2013 by Capital Trust Gulf. It last sold on 1 August 2023 for AED 1,900,000, or AED 1,015 per sqft, in line with the AED 1,015 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 20 April 2021, is AED 90,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 40,400 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in West Wharf Tower
2M3M20092013201720212025Typical sale price by year: 2009 AED 2,445,730; 2013 AED 2,750,000; 2015 AED 3,200,000; 2016 AED 2,323,000; 2019 AED 1,694,585; 2023 AED 1,900,000; 2024 AED 2,550,000Sold by developer, October 2016: AED 2,323,000 (AED 1,241 per sqft)Sold, August 2023: AED 1,900,000 (AED 1,015 per sqft)

1005 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in West Wharf Tower
100K150K2015201820212024Typical rent by year: 2015 AED 150,000; 2016 AED 145,000; 2017 AED 142,500; 2018 AED 130,000; 2019 AED 121,000; 2020 AED 106,500; 2021 AED 93,500; 2022 AED 107,500; 2023 AED 130,000; 2024 AED 150,000; 2025 AED 139,500New contract, December 2016: AED 145,000 a yearRenewal, December 2017: AED 140,000 a yearRenewal, December 2018: AED 125,000 a yearNew contract, December 2019: AED 115,000 a yearNew contract, April 2021: AED 90,000 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 West Wharf Tower, and where 1005 sits

All 16 2-beds →

1005 last sold in August 2023 at AED 1,015 per sqft, in line with what two-beds in West Wharf Tower were fetching at the time (AED 1,015). Over the last 12 months two-beds sold for AED 2,100,000 to 2,462,500, around AED 1,383 per sqft, and rent for AED 110,000 to 200,000 a year. 1005's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Jun 20262,100,000
8 Dec 20252,462,500
25 Oct 20242,925,000
1 Jul 20241,800,000
2 2-bed sales in the last 12 months

West Wharf Tower

Building

111 apartments, studios to 5-bed over 17 floors in Business Bay, completed in 2013 by Capital Trust Gulf. 11 sold in the last 12 months.

Typical price per sqft
AED 1,587 Down 3.6%
Typical sale
AED 1.46M
Typical rent
AED 83K /yr
Typical yield
6.9%
West Wharf Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 111 units in West Wharf Tower
Value
1001StudioAED 925K · May 2015
1002StudioAED 920K · Jul 2025
10031-bedAED 1.32M · May 2014
1004StudioAED 750K · Oct 2023
10063-bedAED 2.6M · May 2025

1005, West Wharf Tower in numbers

  • Sold twice: first on 3 October 2016 for AED 2,323,000, last on 1 August 2023 for AED 1,900,000 (AED 1,015 per sqft).
  • Rented since December 2016 on 5 Ejari contracts, from AED 145,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 40,400 a year (AED 21.62 per sqft).
  • Two-beds in West Wharf Tower sold for AED 2,100,000–2,462,500 in the 12 months to November 2026; the building's median across all types is AED 1,587 per sqft.

Source: Dubai Land Department. Updated 1 August 2023.

Questions about 1005, West Wharf Tower

What did unit 1005 last sell for?

AED 1,900,000 on 1 August 2023: AED 1,015 per sqft for 1,871 sqft. The unit has 2 registered sales; the first was AED 2,323,000 in October 2016.

What is the rent for unit 1005?

AED 90,000 a year on the contract signed on 20 April 2021. The previous contract, from December 2019, was AED 115,000; the unit has been rented since December 2016.

How big is unit 1005?

1,871 sqft (173.8 sqm): a two-bedroom apartment on the 10th floor of a 17-storey tower completed in 2013.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in West Wharf Tower sold for AED 2,100,000 to 2,462,500 in the last 12 months, around AED 1,383 per sqft.

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Mortgage on 1005, West Wharf Tower

Starts from the last sale price (AED 1.9M, 1 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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