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2-bed · 1,348 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 14th floor · completed 2009

1401, V3 Tower

Sold prices and rental history: sold once, by the developer in September 2011, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 1 November 2019
Last soldAED 840K29 September 2011
Current rentAED 94K /yr1 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1401, V3 Tower

What is 1401 worth today?

Last sold for AED 840,000 in 2011

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1 Nov 2019RentedNew contract
AED 94,000/yr12 months · AED 70 per sqft
29 Sep 2011Sold by developerReady
AED 840,000AED 623 per sqft

Source: Dubai Land Department. Updated 1 November 2019.

Key facts

Type
2-bed apartment
Size
1,348 sqft
Floor
14th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 16,800 /yr
Last sold
AED 840K · September 2011
Building
V3 Tower

About 1401, V3 Tower

1401 is a two-bedroom apartment of 1,348 sqft on the 14th 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 September 2011 for AED 840,000, or AED 623 per sqft, in line with the AED 629 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2019. The current contract, signed on 1 November 2019, is AED 94,000 a year: a gross yield of 11.2% on the 2011 price, before the service charge of about AED 16,800 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical two-bed in V3 Tower
1M2M2010201520202025Typical sale price by year: 2010 AED 1,163,855; 2011 AED 916,662; 2012 AED 1,015,168; 2013 AED 1,200,000; 2014 AED 1,700,000; 2015 AED 1,430,313; 2016 AED 1,455,000; 2017 AED 1,700,000; 2018 AED 1,235,000; 2019 AED 1,215,000; 2020 AED 1,110,282; 2021 AED 1,110,000; 2022 AED 1,225,000; 2023 AED 1,460,000; 2024 AED 1,875,000; 2025 AED 2,000,000; 2026 AED 2,100,000Sold by developer, September 2011: AED 840,000 (AED 623 per sqft)

1401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1401, each contractTypical two-bed in V3 Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 90,000; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 94,000; 2020 AED 79,500; 2021 AED 77,000; 2022 AED 84,000; 2023 AED 92,000; 2024 AED 115,000; 2025 AED 123,000; 2026 AED 120,000New contract, November 2019: AED 94,000 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 V3 Tower, and where 1401 sits

All 126 2-beds →

1401 last sold in September 2011 at AED 623 per sqft, in line with what two-beds in V3 Tower were fetching at the time (AED 629). Over the last 12 months two-beds sold for AED 1,400,000 to 2,300,000, around AED 1,347 per sqft, and rent for AED 90,000 to 160,000 a year. 1401's AED 94,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jul 20262,100,000
24 Jul 20262,300,000
12 Jan 20261,400,000
11 Dec 20252,190,000
5 2-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 14th floor

All 328 units in V3 Tower
Value
14021-bedAED 575K · Apr 2010
14031-bedAED 1.13M · Feb 2025
14041-bedAED 1.13M · Aug 2014
14052-bedAED 1.05M · Oct 2020
14062-bedAED 2.15M · Jul 2014
14071-bedAED 775K · Jul 2023
14081-bedAED 570K · Apr 2010
1–7 of 9

1401, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 29 September 2011 for AED 840,000, or AED 623 per sqft.
  • Rented since November 2019 on one Ejari contract, at AED 94,000 a year.
  • At AED 94,000 a year the gross yield on the 2011 price is 11.2%, before a service charge of about AED 16,800 a year (AED 12.46 per sqft).
  • Two-beds in V3 Tower sold for AED 1,400,000–2,300,000 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 1 November 2019.

Questions about 1401, V3 Tower

What did unit 1401 last sell for?

AED 840,000 on 29 September 2011, sold by the developer: AED 623 per sqft for 1,348 sqft. It is the only registered sale of the unit.

What is the rent for unit 1401?

AED 94,000 a year on the contract signed on 1 November 2019.

How big is unit 1401?

1,348 sqft (125.2 sqm): a two-bedroom apartment on the 14th floor of a 37-storey tower completed in 2009.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in V3 Tower sold for AED 1,400,000 to 2,300,000 in the last 12 months, around AED 1,347 per sqft.

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Mortgage on 1401, V3 Tower

Starts from the last sale price (AED 840K, 29 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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