1608, V3 Tower
Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, V3 Tower
What is 1608 worth today?
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Source: Dubai Land Department. Updated 25 July 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 846 sqft
- Floor
- 16th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 10,500 /yr
- Last sold
- AED 855K · July 2023
- Building
- V3 Tower
About 1608, V3 Tower
1608 is a one-bedroom apartment of 846 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. It last sold on 25 July 2023 for AED 855,000, or AED 1,010 per sqft, in line with the AED 998 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 17 April 2023, is AED 70,189 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 10,500 a year.
Sales and rents for 1608 over time
1608 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 1608 sits
All 162 1-beds →1608 last sold in July 2023 at AED 1,010 per sqft, in line with what one-beds in V3 Tower were fetching at the time (AED 998). 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. 1608's AED 70,189 is in the lower half 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 16th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,348 sqft | AED 1.05MAED 1,051,494 · May 2011May 2011 | 115,000 /yr | |
| 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 | |
| 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 |
1608, V3 Tower in numbers
- Sold twice: first on 3 June 2010 for AED 572,979, last on 25 July 2023 for AED 855,000 (AED 1,010 per sqft).
- Rented since September 2012 on 10 Ejari contracts, from AED 50,000 to AED 70,189 a year.
- At AED 70,189 a year the gross yield on the 2023 price is 8.2%, 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 25 July 2023.
Questions about 1608, V3 Tower
What did unit 1608 last sell for?
AED 855,000 on 25 July 2023: AED 1,010 per sqft for 846 sqft. The unit has 2 registered sales; the first was AED 572,979 in June 2010.
What is the rent for unit 1608?
AED 70,189 a year on the contract signed on 17 April 2023. The previous contract, from April 2022, was AED 52,000; the unit has been rented since September 2012.
How big is unit 1608?
846 sqft (78.6 sqm): a one-bedroom apartment on the 16th floor of a 37-storey tower completed in 2009.
What is unit 1608 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 1608, V3 Tower
Starts from the last sale price (AED 855K, 25 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 855,000
- Deposit, UAE resident (20%)
- AED 171,000
- Deposit, non-resident (40%)
- AED 342,000
- Monthly over 25 years at 3.7%
- AED 3,498
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →