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1-bed · 846 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 20th floor · completed 2009

2008, V3 Tower

Sold prices and rental history: sold twice, last in July 2020, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2008 · DLD and Ejari recordsUpdated 14 July 2020
Last soldAED 720K14 July 2020
Current rentAED 55K /yr25 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2008, V3 Tower

What is 2008 worth today?

Last sold for AED 720,000 in 2020

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14 Jul 2020SoldReady
AED 720,000AED 851 per sqft
25 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 65 per sqft
2 Mar 2011Sold by developerReady
AED 541,466AED 639 per sqft

Source: Dubai Land Department. Updated 14 July 2020.

Key facts

Type
1-bed apartment
Size
846 sqft
Floor
20th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 10,500 /yr
Last sold
AED 720K · July 2020
Building
V3 Tower

About 2008, V3 Tower

2008 is a one-bedroom apartment of 846 sqft on the 20th 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 14 July 2020 for AED 720,000, or AED 851 per sqft, 15% above the AED 741 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 August 2019. The current contract, signed on 25 August 2019, is AED 55,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2008 over time

Sales
Unit 2008, each saleTypical one-bed in V3 Tower
500K750K1M2010201520202025Typical sale price by year: 2010 AED 572,979; 2011 AED 525,750; 2012 AED 600,000; 2013 AED 735,000; 2014 AED 1,075,000; 2015 AED 985,000; 2016 AED 1,000,000; 2017 AED 1,050,000; 2018 AED 900,000; 2019 AED 573,643; 2020 AED 600,000; 2021 AED 733,000; 2022 AED 760,000; 2023 AED 850,000; 2024 AED 950,000; 2025 AED 995,000; 2026 AED 1,037,500Sold by developer, March 2011: AED 541,466 (AED 639 per sqft)Sold, July 2020: AED 720,000 (AED 851 per sqft)

2008 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2008, each contractTypical one-bed in V3 Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,750; 2013 AED 64,000; 2014 AED 75,000; 2015 AED 84,000; 2016 AED 85,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 62,250; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 55,000; 2023 AED 63,750; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 75,000New contract, August 2019: AED 55,000 a year

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 2008 sits

All 162 1-beds →

2008 last sold in July 2020 at AED 851 per sqft, 15% above what one-beds in V3 Tower were fetching at the time (AED 741). 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. 2008's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 2026970,000
11 Sep 20261,100,000
1 Jun 2026950,000
10 Mar 20261,000,000
7 1-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 20th floor

All 328 units in V3 Tower
Value
20012-bedAED 1.2M · Feb 2013
20021-bedAED 730K · Feb 2013
20031-bedAED 660K · Jul 2010
20041-bedAED 950K · Jun 2026
20052-bedAED 1.02M · Apr 2011
20062-bedAED 1.03M · Apr 2016
20071-bedAED 567K · Jul 2010
1–7 of 9

2008, V3 Tower in numbers

  • Sold twice: first on 2 March 2011 for AED 541,466, last on 14 July 2020 for AED 720,000 (AED 851 per sqft).
  • Rented since August 2019 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2020 price is 7.6%, 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 14 July 2020.

Questions about 2008, V3 Tower

What did unit 2008 last sell for?

AED 720,000 on 14 July 2020: AED 851 per sqft for 846 sqft. The unit has 2 registered sales; the first was AED 541,466 in March 2011.

What is the rent for unit 2008?

AED 55,000 a year on the contract signed on 25 August 2019.

How big is unit 2008?

846 sqft (78.6 sqm): a one-bedroom apartment on the 20th floor of a 37-storey tower completed in 2009.

What is unit 2008 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 2008, V3 Tower

Starts from the last sale price (AED 720K, 14 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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