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2-bed · 1,768 sqftExecutive Tower L (West Heights 2), Business Bay · 31st floor · completed 2009

3103, Executive Tower L (West Heights 2)

Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 9 May 2018
Last soldAED 1.09M9 May 2018
Current rentAED 145K /yr20 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, Executive Tower L (West Heights 2)

What is 3103 worth today?

Last sold for AED 1,087,500 in 2018

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9 May 2018SoldReady
AED 1,087,500AED 615 per sqft
20 Oct 2017RentedRenewal
AED 145,000/yr12 months · AED 82 per sqft
20 Oct 2016RentedRenewal
AED 150,000/yr12 months · AED 85 per sqft
20 Oct 2015RentedNew contract
AED 150,000/yr12 months · AED 85 per sqft
1 Oct 2014RentedNew contract
AED 158,000/yr12 months · AED 90 per sqft
1 Oct 2013RentedNew contract
AED 150,000/yr12 months · AED 85 per sqft
29 May 2011Sold by developerReady
AED 2,243,860AED 1,269 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2018.

Key facts

Type
2-bed apartment
Size
1,768 sqft
Floor
31st of 44
Parking
LM - 48
Developer
Dubai Properties
Completed
2009
Service charge
AED 30,300 /yr
Last sold
AED 1.09M · May 2018
Building
Executive Tower L (West Heights 2)

About 3103, Executive Tower L (West Heights 2)

3103 is a two-bedroom apartment of 1,768 sqft on the 31st 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 9 May 2018 for AED 1,087,500, or AED 615 per sqft, 46% below the AED 1,131 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 20 October 2017, is AED 145,000 a year: a gross yield of 13.3% on the 2018 price, before the service charge of about AED 30,300 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, each saleTypical two-bed in Executive Tower L (West Heights 2)
1M2M2011201520192023Typical sale price by year: 2011 AED 1,954,075; 2012 AED 1,871,000; 2013 AED 2,170,000; 2014 AED 2,144,750; 2015 AED 2,100,000; 2016 AED 2,050,000; 2017 AED 2,144,750; 2022 AED 1,500,000; 2023 AED 1,179,054; 2024 AED 2,250,000Sold by developer, May 2011: AED 2,243,860 (AED 1,269 per sqft)Sold, May 2018: AED 1,087,500 (AED 615 per sqft)

3103 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3103, each contractTypical two-bed in Executive Tower L (West Heights 2)
100K150K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 140,000; 2015 AED 140,000; 2016 AED 150,000; 2017 AED 135,000; 2018 AED 130,000; 2019 AED 110,000; 2020 AED 92,000; 2021 AED 88,000; 2022 AED 95,918; 2023 AED 111,668; 2024 AED 130,000; 2025 AED 140,000New contract, October 2013: AED 150,000 a yearNew contract, October 2014: AED 158,000 a yearNew contract, October 2015: AED 150,000 a yearRenewal, October 2016: AED 150,000 a yearRenewal, October 2017: AED 145,000 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 Executive Tower L (West Heights 2), and where 3103 sits

All 53 2-beds →

3103 last sold in May 2018 at AED 615 per sqft, 46% below what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,131). Over the last 12 months two-beds sold for AED 2,425,000 to 2,585,000, around AED 1,479 per sqft, and rent for AED 114,345 to 152,000 a year. 3103's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jan 20262,585,000
9 Oct 20242,350,000
23 Sep 20242,200,000
20 Sep 20242,375,000
2 2-bed 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 →

Other units on the 31st floor

All 167 units in Executive Tower L (West Heights 2)
Value
3101AED 2.09M · Jul 2024
31022-bedAED 1.7M · Sep 2013
31042-bedAED 2.35M · Oct 2024

3103, Executive Tower L (West Heights 2) in numbers

  • Sold twice: first on 29 May 2011 for AED 2,243,860, last on 9 May 2018 for AED 1,087,500 (AED 615 per sqft).
  • Rented since October 2013 on 5 Ejari contracts, from AED 150,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2018 price is 13.3%, before a service charge of about AED 30,300 a year (AED 17.15 per sqft).
  • Two-beds in Executive Tower L (West Heights 2) sold for AED 2,425,000–2,585,000 in the 12 months to November 2026; the building's median across all types is AED 1,492 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2018.

Questions about 3103, Executive Tower L (West Heights 2)

What did unit 3103 last sell for?

AED 1,087,500 on 9 May 2018: AED 615 per sqft for 1,768 sqft. The unit has 2 registered sales; the first was AED 2,243,860 in May 2011.

What is the rent for unit 3103?

AED 145,000 a year on the contract renewed on 20 October 2017. The previous contract, from October 2016, was AED 150,000; the unit has been rented since October 2013.

How big is unit 3103?

1,768 sqft (164.3 sqm): a two-bedroom apartment on the 31st floor of a 44-storey tower completed in 2009.

What is unit 3103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Tower L (West Heights 2) sold for AED 2,425,000 to 2,585,000 in the last 12 months, around AED 1,479 per sqft.

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Mortgage on 3103, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.09M, 9 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,087,500
Deposit, UAE resident (20%)
AED 217,500
Deposit, non-resident (40%)
AED 435,000
Monthly over 25 years at 3.7%
AED 4,449

Plus AED 50,685 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →