501, Executive Tower L (West Heights 2)
Sold prices and rental history: sold twice, last in February 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Executive Tower L (West Heights 2)
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 1,308 sqft
- Floor
- 5th of 44
- Parking
- LB - 15
- Developer
- Dubai Properties
- Completed
- 2009
- Service charge
- AED 22,400 /yr
- Last sold
- AED 1.25M · February 2016
About 501, Executive Tower L (West Heights 2)
501 is a one-bedroom apartment of 1,308 sqft on the 5th 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 22 February 2016 for AED 1,250,000, or AED 955 per sqft, 23% below the AED 1,236 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 65,000 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 22,400 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Executive Tower L (West Heights 2), and where 501 sits
All 32 1-beds →501 last sold in February 2016 at AED 955 per sqft, 23% below what one-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,236). 501's AED 65,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jan 202522 January 2025 | 1,275 sqft | 1,500,000 | 1,176 | ||
| 21 May 202421 May 2024 | 1,308 sqft | 1,435,000 | 1,097 | ||
| 1 Apr 20241 April 2024 | 1,308 sqft | 1,300,000 | 993 | ||
| 1 Apr 20241 April 2024 | 1,275 sqft | 1,300,000 | 1,019 |
Executive Tower L (West Heights 2)
Building167 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%
Other units on the 5th floor
All 167 units in Executive Tower L (West Heights 2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | Studio | 808 sqft | AED 768KAED 768,000 · Apr 2011April 2011 | 75,000 /yr | |
| 503 | 1-bed | 1,275 sqft | AED 1.69MAED 1,690,000 · Jul 2014July 2014 | 107,000 /yr | |
| 504 | 3-bed | 2,062 sqft | AED 2.2MAED 2,200,000 · Jun 2023June 2023 | 136,757 /yr | |
| 505 | 3-bed | 1,031 sqft | AED 2.75MAED 2,750,000 · Jan 2016January 2016 | 135,000 /yr |
501, Executive Tower L (West Heights 2) in numbers
- Sold twice: first on 11 September 2012 for AED 1,570,000, last on 22 February 2016 for AED 1,250,000 (AED 955 per sqft).
- Rented since October 2013 on 7 Ejari contracts, from AED 80,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 22,400 a year (AED 17.15 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.
Questions about 501, Executive Tower L (West Heights 2)
What did unit 501 last sell for?
AED 1,250,000 on 22 February 2016: AED 955 per sqft for 1,308 sqft. The unit has 2 registered sales; the first was AED 1,570,000 in September 2012.
What is the rent for unit 501?
AED 65,000 a year on the contract renewed on 1 February 2021. The previous contract, from February 2020, was AED 65,000; the unit has been rented since October 2013.
How big is unit 501?
1,308 sqft (121.5 sqm): a one-bedroom apartment on the 5th floor of a 44-storey tower completed in 2009.
What is unit 501 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 501, Executive Tower L (West Heights 2)
Starts from the last sale price (AED 1.25M, 22 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →