1502, V3 Tower
Sold prices and rental history: sold twice, last in March 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, V3 Tower
What is 1502 worth today?
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Source: Dubai Land Department. Updated 12 November 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 806 sqft
- Floor
- 15th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 10,000 /yr
- Last sold
- AED 575K · March 2012
- Building
- V3 Tower
About 1502, V3 Tower
1502 is a one-bedroom apartment of 806 sqft on the 15th floor of V3 Tower, a 37-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. It last sold on 6 March 2012 for AED 575,000, or AED 713 per sqft, 9% above the AED 654 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 12 November 2022, is AED 46,000 a year: a gross yield of 8.0% on the 2012 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1502 over time
1502 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1502 sits
All 162 1-beds →1502 last sold in March 2012 at AED 713 per sqft, 9% above what one-beds in V3 Tower were fetching at the time (AED 654). 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. 1502's AED 46,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 811 sqft | 970,000 | 1,196 | ||
| 11 Sep 202611 September 2026 | 811 sqft | 1,100,000 | 1,357 | ||
| 1 Jun 20261 June 2026 | 811 sqft | 950,000 | 1,172 | ||
| 10 Mar 202610 March 2026 | 805 sqft | 1,000,000 | 1,242 |
V3 Tower
Building328 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%
Other units on the 15th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,348 sqft | AED 1.65MAED 1,650,000 · Mar 2015March 2015 | 105,000 /yr | |
| 1503 | 1-bed | 846 sqft | AED 589KAED 588,511 · Apr 2010April 2010 | 75,000 /yr | |
| 1504 | 1-bed | 811 sqft | AED 675KAED 675,000 · Mar 2021March 2021 | 50,000 /yr | |
| 1505 | 2-bed | 1,625 sqft | AED 1.37MAED 1,368,203 · Jun 2010June 2010 | 127,500 /yr | |
| 1506 | 2-bed | 1,625 sqft | AED 1.35MAED 1,350,000 · Aug 2022August 2022 | 92,000 /yr | |
| 1507 | 1-bed | 811 sqft | AED 1.12MAED 1,120,000 · Jun 2025June 2025 | 80,000 /yr | |
| 1508 | 1-bed | 846 sqft | AED 571KAED 571,253 · Apr 2010April 2010 | 72,000 /yr | |
| 1509 | 1-bed | 805 sqft | AED 930KAED 930,000 · Sep 2024September 2024 | 73,802 /yr | |
| 1510 | 2-bed | 1,310 sqft | AED 1.5MAED 1,500,000 · Sep 2016September 2016 | 135,000 /yr |
1502, V3 Tower in numbers
- Sold twice: first on 13 June 2010 for AED 576,726, last on 6 March 2012 for AED 575,000 (AED 713 per sqft).
- Rented since October 2015 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 34,000 in 2020 and recovered to AED 46,000 by November 2022.
- At AED 46,000 a year the gross yield on the 2012 price is 8.0%, before a service charge of about AED 10,000 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 12 November 2022.
Questions about 1502, V3 Tower
What did unit 1502 last sell for?
AED 575,000 on 6 March 2012: AED 713 per sqft for 806 sqft. The unit has 2 registered sales; the first was AED 576,726 in June 2010.
What is the rent for unit 1502?
AED 46,000 a year on the contract renewed on 12 November 2022. The previous contract, from November 2021, was AED 39,600; the unit has been rented since October 2015.
How big is unit 1502?
806 sqft (74.9 sqm): a one-bedroom apartment on the 15th floor of a 37-storey tower completed in 2009.
What is unit 1502 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 1502, V3 Tower
Starts from the last sale price (AED 575K, 6 March 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 575,000
- Deposit, UAE resident (20%)
- AED 115,000
- Deposit, non-resident (40%)
- AED 230,000
- Monthly over 25 years at 3.7%
- AED 2,353
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →