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1-bed · 846 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 12th floor · completed 2009

1203, V3 Tower

Sold prices and rental history: sold once, by the developer in May 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 3 February 2020
Last soldAED 583K29 May 2016
Current rentAED 80K /yr3 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, V3 Tower

What is 1203 worth today?

Last sold for AED 583,334 in 2016

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3 Feb 2020RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
3 Feb 2018RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
29 May 2016Sold by developerReady
AED 583,334AED 689 per sqft

Source: Dubai Land Department. Updated 3 February 2020.

Key facts

Type
1-bed apartment
Size
846 sqft
Floor
12th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 10,500 /yr
Last sold
AED 583K · May 2016
Building
V3 Tower

About 1203, V3 Tower

1203 is a one-bedroom apartment of 846 sqft on the 12th floor of V3 Tower, a 37-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. The developer sold it on 29 May 2016 for AED 583,334, or AED 689 per sqft, 44% below the AED 1,237 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 3 February 2020, is AED 80,000 a year: a gross yield of 13.7% on the 2016 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in V3 Tower
500K750K1M2010201520202025Typical sale price by year: 2010 AED 572,979; 2011 AED 525,750; 2012 AED 600,000; 2013 AED 735,000; 2014 AED 1,075,000; 2015 AED 985,000; 2016 AED 1,000,000; 2017 AED 1,050,000; 2018 AED 900,000; 2019 AED 573,643; 2020 AED 600,000; 2021 AED 733,000; 2022 AED 760,000; 2023 AED 850,000; 2024 AED 950,000; 2025 AED 995,000; 2026 AED 1,037,500Sold by developer, May 2016: AED 583,334 (AED 689 per sqft)

1203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in V3 Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,750; 2013 AED 64,000; 2014 AED 75,000; 2015 AED 84,000; 2016 AED 85,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 62,250; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 55,000; 2023 AED 63,750; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 75,000New contract, February 2018: AED 80,000 a yearNew contract, February 2020: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in V3 Tower, and where 1203 sits

All 162 1-beds →

1203 last sold in May 2016 at AED 689 per sqft, 44% below what one-beds in V3 Tower were fetching at the time (AED 1,237). Over the last 12 months one-beds sold for AED 950,000 to 1,100,000, around AED 1,242 per sqft, and rent for AED 54,000 to 125,000 a year. 1203's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 2026970,000
11 Sep 20261,100,000
1 Jun 2026950,000
10 Mar 20261,000,000
7 1-bed sales in the last 12 months

V3 Tower

Building

328 apartments, 1-bed to 3-bed over 37 floors in Jumeirah Lake Towers (JLT), completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. 13 sold in the last 12 months.

Typical price per sqft
AED 1,292 Up 4.0%
Typical sale
AED 1.1M
Typical rent
AED 85K /yr
Typical yield
7.1%
V3 Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 12th floor

All 328 units in V3 Tower
Value
12012-bedAED 1.04M · May 2010
12021-bedAED 775K · May 2023
12041-bedAED 750K · Aug 2021
12052-bedAED 1.36M · May 2010
12062-bedAED 1.34M · Jun 2015
12071-bedAED 900K · Nov 2013
12081-bedAED 566K · May 2010
1–7 of 9

1203, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 29 May 2016 for AED 583,334, or AED 689 per sqft.
  • Rented since February 2018 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 13.7%, before a service charge of about AED 10,500 a year (AED 12.46 per sqft).
  • One-beds in V3 Tower sold for AED 950,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,292 per sqft.

Source: Dubai Land Department. Updated 3 February 2020.

Questions about 1203, V3 Tower

What did unit 1203 last sell for?

AED 583,334 on 29 May 2016, sold by the developer: AED 689 per sqft for 846 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 80,000 a year on the contract signed on 3 February 2020. The previous contract, from February 2018, was AED 80,000.

How big is unit 1203?

846 sqft (78.6 sqm): a one-bedroom apartment on the 12th floor of a 37-storey tower completed in 2009.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in V3 Tower sold for AED 950,000 to 1,100,000 in the last 12 months, around AED 1,242 per sqft.

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Mortgage on 1203, V3 Tower

Starts from the last sale price (AED 583K, 29 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 583,334
Deposit, UAE resident (20%)
AED 116,667
Deposit, non-resident (40%)
AED 233,334
Monthly over 25 years at 3.7%
AED 2,387

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →