2-bed · 1,418 sqftExecutive Tower L (West Heights 2), Business Bay · 35th floor · completed 2009

3502, Executive Tower L (West Heights 2)

Sold prices and rental history: sold twice, last in May 2017, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 1.8M17 May 2017
Current rentAED 109K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3502, Executive Tower L (West Heights 2)

What is 3502 worth today?

Last sold for AED 1,800,000 in 2017

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20 Jul 2024RentedRenewal
AED 109,200/yr12 months · AED 77 per sqft
20 Jul 2023RentedNew contract
AED 104,000/yr12 months · AED 73 per sqft
10 Oct 2022RentedRenewal
AED 85,100/yr12 months · AED 60 per sqft
17 May 2017SoldReady
AED 1,800,000AED 1,269 per sqft
20 May 2016RentedNew contract
AED 130,000/yr12 months · AED 91 per sqft
5 Aug 2012Sold by developerReady
AED 1,701,600AED 1,199 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2024.

Key facts

Type
2-bed apartment
Size
1,418 sqft
Floor
35th of 44
Parking
LM - 63
Developer
Dubai Properties
Completed
2009
Service charge
AED 24,300 /yr
Last sold
AED 1.8M · May 2017

About 3502, Executive Tower L (West Heights 2)

3502 is a two-bedroom apartment of 1,418 sqft on the 35th 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 17 May 2017 for AED 1,800,000, or AED 1,269 per sqft, in line with the AED 1,269 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 109,200 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 24,300 a year.

Sales and rents for 3502 over time

Sales
Unit 3502, each saleTypical two-bed in Executive Tower L (West Heights 2)
1M1.5M2M2011201520192023Typical 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, August 2012: AED 1,701,600 (AED 1,199 per sqft)Sold, May 2017: AED 1,800,000 (AED 1,269 per sqft)

3502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3502, 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, May 2016: AED 130,000 a yearRenewal, October 2022: AED 85,100 a yearNew contract, July 2023: AED 104,000 a yearRenewal, July 2024: AED 109,200 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 3502 sits

All 53 2-beds →

3502 last sold in May 2017 at AED 1,269 per sqft, in line with what two-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,269). 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. 3502's AED 109,200 is at the bottom 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 →
Value
35012-bedAED 1.79M · Apr 2013

3502, Executive Tower L (West Heights 2) in numbers

  • Sold twice: first on 5 August 2012 for AED 1,701,600, last on 17 May 2017 for AED 1,800,000 (AED 1,269 per sqft).
  • Rented since May 2016 on 4 Ejari contracts. The rent fell from AED 130,000 to AED 85,100 in 2022 and recovered to AED 109,200 by July 2024.
  • At AED 109,200 a year the gross yield on the 2017 price is 6.1%, before a service charge of about AED 24,300 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 20 July 2024.

Questions about 3502, Executive Tower L (West Heights 2)

What did unit 3502 last sell for?

AED 1,800,000 on 17 May 2017: AED 1,269 per sqft for 1,418 sqft. The unit has 2 registered sales; the first was AED 1,701,600 in August 2012.

What is the rent for unit 3502?

AED 109,200 a year on the contract renewed on 20 July 2024. The previous contract, from July 2023, was AED 104,000; the unit has been rented since May 2016.

How big is unit 3502?

1,418 sqft (131.7 sqm): a two-bedroom apartment on the 35th floor of a 44-storey tower completed in 2009.

What is unit 3502 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 3502, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 1.8M, 17 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →