1506, V3 Tower
Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, V3 Tower
What is 1506 worth today?
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Source: Dubai Land Department. Updated 15 June 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,625 sqft
- Floor
- 15th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.35M · August 2022
- Building
- V3 Tower
About 1506, V3 Tower
1506 is a two-bedroom apartment of 1,625 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 12 August 2022 for AED 1,350,000, or AED 830 per sqft, in line with the AED 853 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 June 2023, is AED 92,000 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 20,300 a year.
Sales and rents for 1506 over time
1506 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1506 sits
All 126 2-beds →1506 last sold in August 2022 at AED 830 per sqft, in line with what two-beds in V3 Tower were fetching at the time (AED 853). 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. 1506's AED 92,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jul 202628 July 2026 | 1,625 sqft | 2,100,000 | 1,292 | ||
| 24 Jul 202624 July 2026 | 1,625 sqft | 2,300,000 | 1,415 | ||
| 12 Jan 202612 January 2026 | 1,348 sqft | 1,400,000 | 1,038 | ||
| 11 Dec 202511 December 2025 | 1,625 sqft | 2,190,000 | 1,347 |
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 | |
| 1502 | 1-bed | 806 sqft | AED 575KAED 575,000 · Mar 2012March 2012 | 46,000 /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 | |
| 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 |
1506, V3 Tower in numbers
- Sold twice: first on 20 April 2010 for AED 1,235,522, last on 12 August 2022 for AED 1,350,000 (AED 830 per sqft).
- Rented since June 2013 on 9 Ejari contracts, from AED 85,000 to AED 92,000 a year.
- At AED 92,000 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 20,300 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 15 June 2023.
Questions about 1506, V3 Tower
What did unit 1506 last sell for?
AED 1,350,000 on 12 August 2022: AED 830 per sqft for 1,625 sqft. The unit has 2 registered sales; the first was AED 1,235,522 in April 2010.
What is the rent for unit 1506?
AED 92,000 a year on the contract renewed on 15 June 2023. The previous contract, from September 2022, was AED 84,000; the unit has been rented since June 2013.
How big is unit 1506?
1,625 sqft (151.0 sqm): a two-bedroom apartment on the 15th floor of a 37-storey tower completed in 2009.
What is unit 1506 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 1506, V3 Tower
Starts from the last sale price (AED 1.35M, 12 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,350,000
- Deposit, UAE resident (20%)
- AED 270,000
- Deposit, non-resident (40%)
- AED 540,000
- Monthly over 25 years at 3.7%
- AED 5,523
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →