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3-bed · 1,848 sqftExecutive Tower E (East Heights 2), Business Bay · 16th floor · completed 2009

1602, Executive Tower E (East Heights 2)

Sold prices and rental history: sold 4 times, last in October 2018, and rented once, from April 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 1 October 2018
Last soldAED 1.93M1 October 2018
Current rentAED 176K /yr24 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Executive Tower E (East Heights 2)

What is 1602 worth today?

Last sold for AED 1,925,000 in 2018

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1 Oct 2018SoldReady
AED 1,925,000AED 1,041 per sqft
14 Apr 2016SoldReady
AED 3,000,000AED 1,623 per sqft
24 Apr 2015RentedNew contract
AED 176,000/yr12 months · AED 95 per sqft
10 Mar 2010SoldReady
AED 2,843,833AED 1,538 per sqft
13 Dec 2009Sold by developerReady
AED 2,483,389AED 1,343 per sqft

Source: Dubai Land Department. Updated 1 October 2018.

Key facts

Type
3-bed apartment
Size
1,848 sqft
Floor
16th of 28
Parking
EM - 19 & 20
Developer
Dubai Properties
Completed
2009
Service charge
AED 43,300 /yr
Last sold
AED 1.93M · October 2018
Building
Executive Tower E (East Heights 2)

About 1602, Executive Tower E (East Heights 2)

1602 is a three-bedroom apartment of 1,848 sqft on the 16th floor of Executive Tower E (East Heights 2), a 28-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 1 October 2018 for AED 1,925,000, or AED 1,041 per sqft, in line with the AED 1,072 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 April 2015. The current contract, signed on 24 April 2015, is AED 176,000 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 43,300 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical three-bed in Executive Tower E (East Heights 2)
2M3M20092013201720212025Typical sale price by year: 2009 AED 2,483,389; 2010 AED 2,483,389; 2011 AED 1,378,250; 2012 AED 1,800,000; 2013 AED 2,400,000; 2014 AED 2,975,000; 2018 AED 1,925,000; 2023 AED 2,100,000; 2024 AED 2,335,891Sold by developer, December 2009: AED 2,483,389 (AED 1,343 per sqft)Sold, March 2010: AED 2,843,833 (AED 1,538 per sqft)Sold, April 2016: AED 3,000,000 (AED 1,623 per sqft)Sold, October 2018: AED 1,925,000 (AED 1,041 per sqft)

1602 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, each contractTypical three-bed in Executive Tower E (East Heights 2)
100K150K2013201720212025Typical rent by year: 2013 AED 110,098; 2014 AED 150,000; 2015 AED 165,000; 2016 AED 170,000; 2017 AED 162,500; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 108,250; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 177,000New contract, April 2015: AED 176,000 a year

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

3-beds in Executive Tower E (East Heights 2), and where 1602 sits

All 48 3-beds →

1602 last sold in October 2018 at AED 1,041 per sqft, in line with what three-beds in Executive Tower E (East Heights 2) were fetching at the time (AED 1,072). 1602's AED 176,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 May 20253,100,000
21 Nov 20242,350,000
4 Oct 20242,400,000
18 Sep 20242,525,000
0 3-bed sales in the last 12 months

Executive Tower E (East Heights 2)

Building

104 apartments, 2-bed to 4-bed over 28 floors in Business Bay, completed in 2009 by Dubai Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 145K /yr
Typical yield
Executive Tower E (East Heights 2), Business Bay: prices, sales and rents →

Other units on the 16th floor

All 104 units in Executive Tower E (East Heights 2)
Value
16012-bedAED 1.7M · Jul 2023
16032-bedAED 1.45M · Feb 2022
16043-bedAED 2.04M · Mar 2018

1602, Executive Tower E (East Heights 2) in numbers

  • Sold 4 times: first on 13 December 2009 for AED 2,483,389, last on 1 October 2018 for AED 1,925,000 (AED 1,041 per sqft).
  • Rented since April 2015 on one Ejari contract, at AED 176,000 a year.
  • At AED 176,000 a year the gross yield on the 2018 price is 9.1%, before a service charge of about AED 43,300 a year (AED 23.43 per sqft).

Source: Dubai Land Department. Updated 1 October 2018.

Questions about 1602, Executive Tower E (East Heights 2)

What did unit 1602 last sell for?

AED 1,925,000 on 1 October 2018: AED 1,041 per sqft for 1,848 sqft. The unit has 4 registered sales; the first was AED 2,483,389 in December 2009.

What is the rent for unit 1602?

AED 176,000 a year on the contract signed on 24 April 2015.

How big is unit 1602?

1,848 sqft (171.7 sqm): a three-bedroom apartment on the 16th floor of a 28-storey tower completed in 2009.

What is unit 1602 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 1602, Executive Tower E (East Heights 2)

Starts from the last sale price (AED 1.93M, 1 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

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