2-bed · 1,422 sqftExecutive Tower M (West Heights 1), Business Bay · 13th floor · completed 2009

1303, Executive Tower M (West Heights 1)

Sold prices and rental history: sold twice, last in August 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 30 August 2020
Last soldAED 1.05M30 August 2020
Current rentAED 88K /yr8 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1303, Executive Tower M (West Heights 1)

What is 1303 worth today?

Last sold for AED 1,050,000 in 2020

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30 Aug 2020SoldReady
AED 1,050,000AED 738 per sqft
8 May 2019RentedNew contract
AED 88,000/yr12 months · AED 62 per sqft
1 Jun 2017RentedRenewal
AED 121,280/yr12 months · AED 85 per sqft
1 Jun 2016RentedRenewal
AED 121,280/yr12 months · AED 85 per sqft
1 Jun 2015RentedRenewal
AED 121,280/yr12 months · AED 85 per sqft
1 Jun 2014RentedNew contract
AED 115,500/yr12 months · AED 81 per sqft
18 May 2011Sold by developerReady
AED 930,500AED 654 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 August 2020.

Key facts

Type
2-bed apartment
Size
1,422 sqft
Floor
13th of 51
Parking
MB - 125
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,100 /yr
Last sold
AED 1.05M · August 2020

About 1303, Executive Tower M (West Heights 1)

1303 is a two-bedroom apartment of 1,422 sqft on the 13th floor of Executive Tower M (West Heights 1), a 51-storey tower in Business Bay completed in 2009 by Dubai Properties. It last sold on 30 August 2020 for AED 1,050,000, or AED 738 per sqft, 16% below the AED 882 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 8 May 2019, is AED 88,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 21,100 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, each saleTypical two-bed in Executive Tower M (West Heights 1)
1M2M20102014201820222026Typical sale price by year: 2010 AED 1,595,000; 2011 AED 1,435,000; 2012 AED 1,425,000; 2013 AED 1,810,000; 2014 AED 2,305,000; 2015 AED 2,087,500; 2016 AED 1,950,000; 2017 AED 2,000,000; 2018 AED 1,505,000; 2019 AED 1,460,000; 2020 AED 1,293,606; 2021 AED 1,536,000; 2022 AED 1,550,000; 2023 AED 1,682,500; 2024 AED 1,950,000; 2025 AED 2,110,000Sold by developer, May 2011: AED 930,500 (AED 654 per sqft)Sold, August 2020: AED 1,050,000 (AED 738 per sqft)

1303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1303, each contractTypical two-bed in Executive Tower M (West Heights 1)
100K150K2013201720212025Typical rent by year: 2013 AED 105,000; 2014 AED 126,750; 2015 AED 139,000; 2016 AED 135,000; 2017 AED 126,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 83,000; 2022 AED 93,057; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 131,500; 2026 AED 140,000New contract, June 2014: AED 115,500 a yearRenewal, June 2015: AED 121,280 a yearRenewal, June 2016: AED 121,280 a yearRenewal, June 2017: AED 121,280 a yearNew contract, May 2019: AED 88,000 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 M (West Heights 1), and where 1303 sits

All 213 2-beds →

1303 last sold in August 2020 at AED 738 per sqft, 16% below what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 882). Over the last 12 months two-beds sold for AED 2,090,000 to 2,500,000, around AED 1,523 per sqft, and rent for AED 100,000 to 165,000 a year. 1303's AED 88,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 20262,500,000
6 Jan 20262,225,000
26 Dec 20252,200,000
9 Dec 20252,090,000
6 2-bed sales in the last 12 months

Executive Tower M (West Heights 1)

Building

330 apartments, 1-bed to 4-bed over 51 floors in Business Bay, completed in 2009 by Dubai Properties. 10 sold in the last 12 months.

Typical price per sqft
AED 1,432 Down 1.3%
Typical sale
AED 2.21M
Typical rent
AED 140K /yr
Typical yield
6.6%
Executive Tower M (West Heights 1), Business Bay: prices, sales and rents →
Value
13013-bedAED 1.85M · Nov 2020
13023-bedAED 2.25M · Feb 2022
1304AED 1.35M · Oct 2019
13052-bedAED 2M · Oct 2014
13062-bedAED 1.45M · Jan 2013
13073-bedAED 2.59M · Dec 2024

1303, Executive Tower M (West Heights 1) in numbers

  • Sold twice: first on 18 May 2011 for AED 930,500, last on 30 August 2020 for AED 1,050,000 (AED 738 per sqft).
  • Rented since June 2014 on 5 Ejari contracts, from AED 115,500 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 21,100 a year (AED 14.84 per sqft).
  • Two-beds in Executive Tower M (West Heights 1) sold for AED 2,090,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,432 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 30 August 2020.

Questions about 1303, Executive Tower M (West Heights 1)

What did unit 1303 last sell for?

AED 1,050,000 on 30 August 2020: AED 738 per sqft for 1,422 sqft. The unit has 2 registered sales; the first was AED 930,500 in May 2011.

What is the rent for unit 1303?

AED 88,000 a year on the contract signed on 8 May 2019. The previous contract, from June 2017, was AED 121,280; the unit has been rented since June 2014.

How big is unit 1303?

1,422 sqft (132.1 sqm): a two-bedroom apartment on the 13th floor of a 51-storey tower completed in 2009.

What is unit 1303 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 M (West Heights 1) sold for AED 2,090,000 to 2,500,000 in the last 12 months, around AED 1,523 per sqft.

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Mortgage on 1303, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 1.05M, 30 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →