Studio · 808 sqftExecutive Tower L (West Heights 2), Business Bay · 17th floor · completed 2009

1702, Executive Tower L (West Heights 2)

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 1M1 February 2024
Current rentAED 54K /yr26 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Executive Tower L (West Heights 2)

What is 1702 worth today?

Last sold for AED 1,000,000 in 2024

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1 Feb 2024SoldReady
AED 1,000,000AED 1,237 per sqft
26 Jul 2023RentedRenewal
AED 54,027/yr6 months · AED 67 per sqft
12 Jul 2023SoldReady
AED 750,000AED 928 per sqft
26 Jul 2021RentedRenewal
AED 45,000/yr12 months · AED 56 per sqft
26 Jul 2020RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
1 Dec 2019RentedRenewal
AED 67,620/yr2 months · AED 84 per sqft
1 Oct 2019RentedRenewal
AED 66,528/yr2 months · AED 82 per sqft
23 Jun 2011Sold by developerReady
AED 764,000AED 945 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2024.

Key facts

Type
Studio apartment
Size
808 sqft
Floor
17th of 44
Parking
LB - 105
Developer
Dubai Properties
Completed
2009
Service charge
AED 13,900 /yr
Last sold
AED 1M · February 2024

About 1702, Executive Tower L (West Heights 2)

1702 is a studio of 808 sqft on the 17th floor of Executive Tower L (West Heights 2), a 44-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 1 February 2024 for AED 1,000,000, or AED 1,237 per sqft, 17% above the AED 1,061 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 26 July 2023, is AED 54,027 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical studio in Executive Tower L (West Heights 2)
800K1M2011201520192023Typical sale price by year: 2011 AED 768,000; 2013 AED 808,000; 2014 AED 1,115,040; 2015 AED 997,610; 2024 AED 900,000Sold by developer, June 2011: AED 764,000 (AED 945 per sqft)Sold, July 2023: AED 750,000 (AED 928 per sqft)Sold, February 2024: AED 1,000,000 (AED 1,237 per sqft)

1702 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1702, each contractTypical studio in Executive Tower L (West Heights 2)
40K60K80K2013201720212025Typical rent by year: 2013 AED 50,000; 2014 AED 74,000; 2015 AED 80,000; 2016 AED 82,500; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 48,500; 2021 AED 45,500; 2022 AED 52,500; 2023 AED 61,500; 2024 AED 65,000; 2025 AED 75,000Renewal, October 2019: AED 66,528 a yearRenewal, December 2019: AED 67,620 a yearNew contract, July 2020: AED 45,000 a yearRenewal, July 2021: AED 45,000 a yearRenewal, July 2023: AED 54,027 a year

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

Studios in Executive Tower L (West Heights 2), and where 1702 sits

All 14 studios →

1702 last sold in February 2024 at AED 1,237 per sqft, 17% above what studios in Executive Tower L (West Heights 2) were fetching at the time (AED 1,061). 1702's AED 54,027 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Jul 20251,175,000
3 Jun 2024900,000
12 Feb 2024427,721
18 Dec 2023857,500
0 studio sales in the last 12 months

Executive Tower L (West Heights 2)

Building

167 apartments, studios to 4-bed over 44 floors in Business Bay, completed in 2009 by Dubai Properties. 3 sold in the last 12 months.

Typical price per sqft
AED 1,492
Typical sale
AED 2.59M
Typical rent
AED 118K /yr
Typical yield
5.4%
Executive Tower L (West Heights 2), Business Bay: prices, sales and rents →
Value
17011-bedAED 1.12M · Jun 2023
17031-bedAED 1.18M · Nov 2022
17043-bedAED 2.2M · Jul 2022
17053-bedAED 2.38M · Jul 2023

1702, Executive Tower L (West Heights 2) in numbers

  • Sold 3 times: first on 23 June 2011 for AED 764,000, last on 1 February 2024 for AED 1,000,000 (AED 1,237 per sqft).
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 66,528 to AED 45,000 in 2021 and recovered to AED 54,027 by July 2023.
  • At AED 54,027 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 13,900 a year (AED 17.15 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2024.

Questions about 1702, Executive Tower L (West Heights 2)

What did unit 1702 last sell for?

AED 1,000,000 on 1 February 2024: AED 1,237 per sqft for 808 sqft. The unit has 3 registered sales; the first was AED 764,000 in June 2011.

What is the rent for unit 1702?

AED 54,027 a year on the contract renewed on 26 July 2023. The previous contract, from July 2021, was AED 45,000; the unit has been rented since October 2019.

How big is unit 1702?

808 sqft (75.1 sqm): a studio on the 17th floor of a 44-storey tower completed in 2009.

What is unit 1702 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 1702, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1M, 1 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →