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3-bed · 1,031 sqftExecutive Tower L (West Heights 2), Business Bay · 5th floor · completed 2009

505, Executive Tower L (West Heights 2)

Sold prices and rental history: sold twice, last in January 2016, and rented once, from June 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 3 January 2016
Last soldAED 2.75M3 January 2016
Current rentAED 135K /yr1 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Executive Tower L (West Heights 2)

What is 505 worth today?

Last sold for AED 2,750,000 in 2016

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3 Jan 2016SoldReady
AED 2,750,000AED 1,333 per sqft
1 Jun 2014RentedNew contract
AED 135,000/yr12 months · AED 65 per sqft
28 Aug 2012Sold by developerReady
AED 2,475,000AED 1,200 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 January 2016.

Key facts

Type
3-bed apartment
Size
1,031 sqft
Floor
5th of 44
Parking
LB - 21 & 22
Developer
Dubai Properties
Completed
2009
Service charge
AED 17,700 /yr
Last sold
AED 2.75M · January 2016
Building
Executive Tower L (West Heights 2)

About 505, Executive Tower L (West Heights 2)

505 is a three-bedroom apartment of 1,031 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 3 January 2016 for AED 2,750,000, or AED 1,333 per sqft, in line with the AED 1,350 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2014. The current contract, signed on 1 June 2014, is AED 135,000 a year: a gross yield of 4.9% on the 2016 price, before the service charge of about AED 17,700 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical three-bed in Executive Tower L (West Heights 2)
2M2.5M2011201520192023Typical sale price by year: 2011 AED 2,062,000; 2012 AED 2,030,000; 2013 AED 2,520,000; 2014 AED 2,786,925; 2015 AED 2,820,000; 2016 AED 2,800,000; 2017 AED 2,623,850; 2023 AED 2,330,000Sold by developer, August 2012: AED 2,475,000 (AED 1,200 per sqft)Sold, January 2016: AED 2,750,000 (AED 1,333 per sqft)

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

Rents
Unit 505, each contractTypical three-bed in Executive Tower L (West Heights 2)
100K150K2012201620202024Typical rent by year: 2012 AED 109,683; 2013 AED 145,000; 2014 AED 165,000; 2015 AED 175,000; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 135,000; 2020 AED 119,000; 2021 AED 119,125; 2022 AED 129,321; 2023 AED 137,679; 2024 AED 170,000; 2025 AED 177,502New contract, June 2014: AED 135,000 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 L (West Heights 2), and where 505 sits

All 39 3-beds →

505 last sold in January 2016 at AED 1,333 per sqft, in line with what three-beds in Executive Tower L (West Heights 2) were fetching at the time (AED 1,350). 505's AED 135,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Jun 20253,200,000
20 Mar 20253,000,000
20 Aug 20243,150,000
9 Jan 20242,500,000
0 3-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 5th floor

All 167 units in Executive Tower L (West Heights 2)
Value
5011-bedAED 1.25M · Feb 2016
502StudioAED 768K · Apr 2011
5031-bedAED 1.69M · Jul 2014
5043-bedAED 2.2M · Jun 2023

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

  • Sold twice: first on 28 August 2012 for AED 2,475,000, last on 3 January 2016 for AED 2,750,000 (AED 1,333 per sqft).
  • Rented since June 2014 on one Ejari contract, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2016 price is 4.9%, before a service charge of about AED 17,700 a year (AED 17.15 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 3 January 2016.

Questions about 505, Executive Tower L (West Heights 2)

What did unit 505 last sell for?

AED 2,750,000 on 3 January 2016: AED 1,333 per sqft for 1,031 sqft. The unit has 2 registered sales; the first was AED 2,475,000 in August 2012.

What is the rent for unit 505?

AED 135,000 a year on the contract signed on 1 June 2014.

How big is unit 505?

1,031 sqft (95.8 sqm): a three-bedroom apartment on the 5th floor of a 44-storey tower completed in 2009.

What is unit 505 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 505, Executive Tower L (West Heights 2)

Starts from the last sale price (AED 2.75M, 3 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →