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3-bed · 2,197 sqftExecutive Tower K (West Heights 3), Business Bay · 16th floor · completed 2009

1601, Executive Tower K (West Heights 3)

Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 15 February 2021
Last soldAED 3.13M8 April 2010
Current rentAED 100K /yr15 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, Executive Tower K (West Heights 3)

What is 1601 worth today?

Last sold for AED 3,134,000 in 2010

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15 Feb 2021RentedRenewal
AED 100,000/yr12 months · AED 46 per sqft
15 Feb 2020RentedRenewal
AED 100,000/yr12 months · AED 46 per sqft
1 Jun 2016RentedRenewal
AED 58,537/yr20 months · AED 27 per sqft
1 Jun 2014RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
1 Jun 2013RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
8 Apr 2010Sold by developerReady
AED 3,134,000AED 1,426 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 February 2021.

Key facts

Type
3-bed apartment
Size
2,197 sqft
Floor
16th of 45
Parking
KB - 122 & 123
Developer
Dubai Properties
Completed
2009
Service charge
AED 34,400 /yr
Last sold
AED 3.13M · April 2010
Building
Executive Tower K (West Heights 3)

About 1601, Executive Tower K (West Heights 3)

1601 is a three-bedroom apartment of 2,197 sqft on the 16th floor of Executive Tower K (West Heights 3), a 45-storey tower in Business Bay completed in 2009 by Dubai Properties. The developer sold it on 8 April 2010 for AED 3,134,000, or AED 1,426 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 15 February 2021, is AED 100,000 a year: a gross yield of 3.2% on the 2010 price, before the service charge of about AED 34,400 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical three-bed in Executive Tower K (West Heights 3)
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,983,500; 2011 AED 2,005,000; 2012 AED 1,989,500; 2013 AED 2,900,500; 2014 AED 3,325,000; 2016 AED 2,950,000; 2017 AED 2,850,000; 2018 AED 2,475,000; 2019 AED 2,255,000; 2021 AED 2,250,000; 2022 AED 2,337,500; 2023 AED 2,640,000; 2024 AED 3,100,000; 2025 AED 3,625,000Sold by developer, April 2010: AED 3,134,000 (AED 1,426 per sqft)

1601 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1601, each contractTypical three-bed in Executive Tower K (West Heights 3)
100K200K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 170,000; 2015 AED 180,000; 2016 AED 175,000; 2017 AED 164,374; 2018 AED 155,000; 2019 AED 135,500; 2020 AED 124,410; 2021 AED 120,500; 2022 AED 135,000; 2023 AED 153,784; 2024 AED 170,001; 2025 AED 200,000; 2026 AED 220,000New contract, June 2013: AED 100,000 a yearNew contract, June 2014: AED 100,000 a yearRenewal, June 2016: AED 58,537 a yearRenewal, February 2020: AED 100,000 a yearRenewal, February 2021: AED 100,000 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 K (West Heights 3), and where 1601 sits

All 63 3-beds →

Over the last 12 months three-beds sold for AED 3,750,000 to 4,000,000, around AED 1,763 per sqft, and rent for AED 176,195 to 280,000 a year. 1601's AED 100,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Feb 20263,750,000
5 Jan 20264,000,000
14 Jul 20253,700,000
19 May 20253,000,000
2 3-bed sales in the last 12 months

Executive Tower K (West Heights 3)

Building

234 apartments, studios to 4-bed over 45 floors in Business Bay, completed in 2009 by Dubai Properties. 6 sold in the last 12 months.

Typical price per sqft
AED 1,573
Typical sale
AED 3.17M
Typical rent
AED 122K /yr
Typical yield
6.2%
Executive Tower K (West Heights 3), Business Bay: prices, sales and rents →

Other units on the 16th floor

All 234 units in Executive Tower K (West Heights 3)
Value
16023-bedAED 3M · May 2024
16032-bedAED 1.16M · Oct 2010
16042-bedAED 1.95M · Oct 2016
16052-bedAED 1.61M · Apr 2010
16062-bedAED 1.43M · Jan 2013

1601, Executive Tower K (West Heights 3) in numbers

  • Sold once: by Dubai Properties on 8 April 2010 for AED 3,134,000, or AED 1,426 per sqft.
  • Rented since June 2013 on 5 Ejari contracts. The rent fell from AED 100,000 to AED 58,537 in 2016 and recovered to AED 100,000 by February 2021.
  • At AED 100,000 a year the gross yield on the 2010 price is 3.2%, before a service charge of about AED 34,400 a year (AED 15.68 per sqft).
  • Three-beds in Executive Tower K (West Heights 3) sold for AED 3,750,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,573 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 February 2021.

Questions about 1601, Executive Tower K (West Heights 3)

What did unit 1601 last sell for?

AED 3,134,000 on 8 April 2010, sold by the developer: AED 1,426 per sqft for 2,197 sqft. It is the only registered sale of the unit.

What is the rent for unit 1601?

AED 100,000 a year on the contract renewed on 15 February 2021. The previous contract, from February 2020, was AED 100,000; the unit has been rented since June 2013.

How big is unit 1601?

2,197 sqft (204.1 sqm): a three-bedroom apartment on the 16th floor of a 45-storey tower completed in 2009.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Executive Tower K (West Heights 3) sold for AED 3,750,000 to 4,000,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 1601, Executive Tower K (West Heights 3)

Starts from the last sale price (AED 3.13M, 8 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 3,134,000
Deposit, UAE resident (20%)
AED 626,800
Deposit, non-resident (40%)
AED 1,253,600
Monthly over 25 years at 3.7%
AED 12,822

Plus AED 136,638 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →