1601, V3 Tower
Sold prices and rental history: sold once, by the developer in May 2011, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, V3 Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,348 sqft
- Floor
- 16th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 16,800 /yr
- Last sold
- AED 1.05M · May 2011
- Building
- V3 Tower
About 1601, V3 Tower
1601 is a two-bedroom apartment of 1,348 sqft on the 16th 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 24 May 2011 for AED 1,051,494, or AED 780 per sqft, in line with the AED 796 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 December 2024, is AED 115,000 a year: a gross yield of 10.9% on the 2011 price, before the service charge of about AED 16,800 a year.
Sales and rents for 1601 over time
1601 has sold once; 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 1601 sits
All 126 2-beds →1601 last sold in May 2011 at AED 780 per sqft, in line with what two-beds in V3 Tower were fetching at the time (AED 796). 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. 1601's AED 115,000 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 16th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 806 sqft | AED 1.05MAED 1,050,000 · Jul 2014July 2014 | 73,500 /yr | |
| 1603 | 1-bed | 846 sqft | AED 1.16MAED 1,160,000 · Aug 2025August 2025 | 62,370 /yr | |
| 1604 | 1-bed | 811 sqft | AED 970KAED 970,000 · Nov 2024November 2024 | 66,753 /yr | |
| 1605 | 2-bed | 1,625 sqft | AED 1.37MAED 1,372,274 · Mar 2013March 2013 | 150,000 /yr | |
| 1606 | 2-bed | 1,625 sqft | AED 1.75MAED 1,750,000 · Dec 2016December 2016 | 152,500 /yr | |
| 1607 | 1-bed | 811 sqft | AED 500KAED 500,000 · Nov 2020November 2020 | 67,000 /yr | |
| 1608 | 1-bed | 846 sqft | AED 855KAED 855,000 · Jul 2023July 2023 | 70,189 /yr | |
| 1609 | 1-bed | 805 sqft | AED 527KAED 526,500 · Sep 2011September 2011 | 90,000 /yr | |
| 1610 | 2-bed | 1,310 sqft | AED 1.53MAED 1,525,000 · Aug 2015August 2015 | 96,000 /yr |
1601, V3 Tower in numbers
- Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 24 May 2011 for AED 1,051,494, or AED 780 per sqft.
- Rented since November 2020 on 2 Ejari contracts, from AED 70,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2011 price is 10.9%, 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 20 December 2024.
Questions about 1601, V3 Tower
What did unit 1601 last sell for?
AED 1,051,494 on 24 May 2011, sold by the developer: AED 780 per sqft for 1,348 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 115,000 a year on the contract signed on 20 December 2024. The previous contract, from November 2020, was AED 70,000.
How big is unit 1601?
1,348 sqft (125.2 sqm): a two-bedroom apartment on the 16th floor of a 37-storey tower completed in 2009.
What is unit 1601 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 1601, V3 Tower
Starts from the last sale price (AED 1.05M, 24 May 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,051,494
- Deposit, UAE resident (20%)
- AED 210,299
- Deposit, non-resident (40%)
- AED 420,598
- Monthly over 25 years at 3.7%
- AED 4,302
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →