2-bed · 1,426 sqftExecutive Tower M (West Heights 1), Business Bay · 37th floor · completed 2009

3701, Executive Tower M (West Heights 1)

Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3701 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 2.1M23 February 2014
Current rentAED 130K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3701, Executive Tower M (West Heights 1)

What is 3701 worth today?

Last sold for AED 2,100,000 in 2014

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1 Nov 2024RentedNew contract
AED 130,000/yr12 months · AED 91 per sqft
20 Oct 2023RentedRenewal
AED 95,000/yr12 months · AED 67 per sqft
20 Oct 2022RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
20 Oct 2021RentedRenewal
AED 77,000/yr12 months · AED 54 per sqft
20 Oct 2020RentedRenewal
AED 79,000/yr12 months · AED 56 per sqft
20 Oct 2019RentedNew contract
AED 88,000/yr12 months · AED 62 per sqft
1 Aug 2018RentedNew contract
AED 108,000/yr12 months · AED 76 per sqft
19 Apr 2016RentedNew contract
AED 128,000/yr12 months · AED 90 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
1,426 sqft
Floor
37th of 51
Parking
MG - 14
Developer
Dubai Properties
Completed
2009
Service charge
AED 21,200 /yr
Last sold
AED 2.1M · February 2014

About 3701, Executive Tower M (West Heights 1)

3701 is a two-bedroom apartment of 1,426 sqft on the 37th 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 23 February 2014 for AED 2,100,000, or AED 1,472 per sqft, 16% above the AED 1,269 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 1 November 2024, is AED 130,000 a year: a gross yield of 6.2% on the 2014 price, before the service charge of about AED 21,200 a year.

Sales and rents for 3701 over time

Sales
Unit 3701, each saleTypical two-bed in Executive Tower M (West Heights 1)
1.5M2M20102014201820222026Typical 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, April 2010: AED 1,799,000 (AED 1,261 per sqft)Sold, February 2014: AED 2,100,000 (AED 1,472 per sqft)

3701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3701, each contractTypical two-bed in Executive Tower M (West Heights 1)
50K100K150K2013201720212025Typical 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 2013: AED 49,724 a yearNew contract, April 2014: AED 130,000 a yearNew contract, April 2015: AED 130,000 a yearNew contract, April 2016: AED 128,000 a yearNew contract, August 2018: AED 108,000 a yearNew contract, October 2019: AED 88,000 a yearRenewal, October 2020: AED 79,000 a yearRenewal, October 2021: AED 77,000 a yearRenewal, October 2022: AED 85,000 a yearRenewal, October 2023: AED 95,000 a yearNew contract, November 2024: AED 130,000 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 3701 sits

All 213 2-beds →

3701 last sold in February 2014 at AED 1,472 per sqft, 16% above what two-beds in Executive Tower M (West Heights 1) were fetching at the time (AED 1,269). Over the last 12 months two-beds sold for AED 2,090,000 to 2,500,000, around AED 1,508 per sqft, and rent for AED 100,000 to 165,000 a year. 3701's AED 130,000 is in the lower half 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
7 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. 11 sold in the last 12 months.

Typical price per sqft
AED 1,469 Up 1.3%
Typical sale
AED 2.2M
Typical rent
AED 140K /yr
Typical yield
6.5%
Executive Tower M (West Heights 1), Business Bay: prices, sales and rents →
Value
37022-bedAED 1.89M · Jun 2017
37032-bedAED 1.6M · Oct 2010
37042-bedAED 1.6M · Feb 2011

3701, Executive Tower M (West Heights 1) in numbers

  • Sold twice: first on 25 April 2010 for AED 1,799,000, last on 23 February 2014 for AED 2,100,000 (AED 1,472 per sqft).
  • Rented since June 2013 on 11 Ejari contracts, from AED 49,724 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 6.2%, before a service charge of about AED 21,200 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 1,469 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.

Questions about 3701, Executive Tower M (West Heights 1)

What did unit 3701 last sell for?

AED 2,100,000 on 23 February 2014: AED 1,472 per sqft for 1,426 sqft. The unit has 2 registered sales; the first was AED 1,799,000 in April 2010.

What is the rent for unit 3701?

AED 130,000 a year on the contract signed on 1 November 2024. The previous contract, from October 2023, was AED 95,000; the unit has been rented since June 2013.

How big is unit 3701?

1,426 sqft (132.5 sqm): a two-bedroom apartment on the 37th floor of a 51-storey tower completed in 2009.

What is unit 3701 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 1,508 per sqft.

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Mortgage on 3701, Executive Tower M (West Heights 1)

Starts from the last sale price (AED 2.1M, 23 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →