2-bed · 1,625 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 18th floor · completed 2009

1806, V3 Tower

Sold prices and rental history: sold twice, last in December 2012, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1806 · DLD and Ejari recordsUpdated 3 December 2016
Last soldAED 600K5 December 2012
Current rentAED 80K /yr3 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1806, V3 Tower

What is 1806 worth today?

Last sold for AED 600,000 in 2012

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3 Dec 2016RentedNew contract
AED 80,000/yr36 months · AED 49 per sqft
3 Dec 2013RentedNew contract
AED 37,500/yr24 months · AED 23 per sqft
5 Dec 2012SoldReady
AED 600,000AED 369 per sqft
8 Nov 2012Sold by developerReady
AED 1,081,055AED 665 per sqft

Source: Dubai Land Department. Updated 3 December 2016.

Key facts

Type
2-bed apartment
Size
1,625 sqft
Floor
18th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 600K · December 2012
Building
V3 Tower

About 1806, V3 Tower

1806 is a two-bedroom apartment of 1,625 sqft on the 18th 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 5 December 2012 for AED 600,000, or AED 369 per sqft, 48% below the AED 714 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 3 December 2016, is AED 80,000 a year: a gross yield of 13.3% on the 2012 price, before the service charge of about AED 20,300 a year.

Sales and rents for 1806 over time

Sales
Unit 1806, 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, November 2012: AED 1,081,055 (AED 665 per sqft)Sold, December 2012: AED 600,000 (AED 369 per sqft)

1806 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1806, each contractTypical two-bed in V3 Tower
50K100K2012201620202024Typical 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, December 2013: AED 37,500 a yearNew contract, December 2016: AED 80,000 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 1806 sits

All 126 2-beds →

1806 last sold in December 2012 at AED 369 per sqft, 48% below what two-beds in V3 Tower were fetching at the time (AED 714). 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. 1806's AED 80,000 is at the bottom 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 18th floor

All 328 units in V3 Tower
Value
18012-bedAED 1.5M · Sep 2019
18021-bedAED 650K · Aug 2012
18031-bedAED 770K · Jun 2013
18041-bedAED 586K · Apr 2010
18052-bedAED 2M · May 2025
18071-bedAED 568K · Apr 2010
18081-bedAED 576K · May 2010
1–7 of 9

1806, V3 Tower in numbers

  • Sold twice: first on 8 November 2012 for AED 1,081,055, last on 5 December 2012 for AED 600,000 (AED 369 per sqft).
  • Rented since December 2013 on 2 Ejari contracts, from AED 37,500 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2012 price is 13.3%, 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 3 December 2016.

Questions about 1806, V3 Tower

What did unit 1806 last sell for?

AED 600,000 on 5 December 2012: AED 369 per sqft for 1,625 sqft. The unit has 2 registered sales; the first was AED 1,081,055 in November 2012.

What is the rent for unit 1806?

AED 80,000 a year on the contract signed on 3 December 2016. The previous contract, from December 2013, was AED 37,500.

How big is unit 1806?

1,625 sqft (151.0 sqm): a two-bedroom apartment on the 18th floor of a 37-storey tower completed in 2009.

What is unit 1806 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 1806, V3 Tower

Starts from the last sale price (AED 600K, 5 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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