2-bed · 1,625 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 25th floor · completed 2009

2505, V3 Tower

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2505 · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 1.85M2 August 2024
Current rentAED 120K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2505, V3 Tower

What is 2505 worth today?

Last sold for AED 1,850,000 in 2024

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2 Aug 2024SoldReady
AED 1,850,000AED 1,138 per sqft
1 Dec 2023RentedRenewal
AED 120,000/yr12 months · AED 74 per sqft
1 Dec 2022RentedRenewal
AED 87,150/yr12 months · AED 54 per sqft
1 Dec 2021RentedRenewal
AED 83,000/yr12 months · AED 51 per sqft
1 Dec 2020RentedRenewal
AED 80,000/yr12 months · AED 49 per sqft
1 Dec 2019RentedRenewal
AED 93,000/yr12 months · AED 57 per sqft
1 Dec 2018RentedRenewal
AED 107,000/yr12 months · AED 66 per sqft
1 Dec 2017RentedNew contract
AED 114,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 2 August 2024.

Key facts

Type
2-bed apartment
Size
1,625 sqft
Floor
25th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 1.85M · August 2024
Building
V3 Tower

About 2505, V3 Tower

2505 is a two-bedroom apartment of 1,625 sqft on the 25th 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 2 August 2024 for AED 1,850,000, or AED 1,138 per sqft, 3% above the AED 1,104 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 120,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 20,300 a year.

Sales and rents for 2505 over time

Sales
Unit 2505, 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, April 2010: AED 1,291,513 (AED 794 per sqft)Sold, August 2024: AED 1,850,000 (AED 1,138 per sqft)

2505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2505, each contractTypical two-bed in V3 Tower
75K100K125K2012201620202024Typical 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, November 2016: AED 125,000 a yearNew contract, December 2017: AED 114,000 a yearRenewal, December 2018: AED 107,000 a yearRenewal, December 2019: AED 93,000 a yearRenewal, December 2020: AED 80,000 a yearRenewal, December 2021: AED 83,000 a yearRenewal, December 2022: AED 87,150 a yearRenewal, December 2023: AED 120,000 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 2505 sits

All 126 2-beds →

2505 last sold in August 2024 at AED 1,138 per sqft, 3% above what two-beds in V3 Tower were fetching at the time (AED 1,104). 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 66,940 to 160,000 a year. 2505's AED 120,000 is in the upper half 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 25th floor

All 328 units in V3 Tower
Value
25012-bedAED 1.18M · Dec 2010
25021-bedAED 594K · Jun 2010
25031-bedAED 606K · Dec 2017
25041-bedAED 597K · Jun 2010
25062-bedAED 2.2M · Mar 2015
25071-bedAED 580K · Apr 2010
25081-bedAED 755K · Nov 2021
1–7 of 9

2505, V3 Tower in numbers

  • Sold twice: first on 20 April 2010 for AED 1,291,513, last on 2 August 2024 for AED 1,850,000 (AED 1,138 per sqft).
  • Rented since November 2016 on 8 Ejari contracts. The rent fell from AED 125,000 to AED 80,000 in 2020 and recovered to AED 120,000 by December 2023.
  • At AED 120,000 a year the gross yield on the 2024 price is 6.5%, 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 2 August 2024.

Questions about 2505, V3 Tower

What did unit 2505 last sell for?

AED 1,850,000 on 2 August 2024: AED 1,138 per sqft for 1,625 sqft. The unit has 2 registered sales; the first was AED 1,291,513 in April 2010.

What is the rent for unit 2505?

AED 120,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 87,150; the unit has been rented since November 2016.

How big is unit 2505?

1,625 sqft (151.0 sqm): a two-bedroom apartment on the 25th floor of a 37-storey tower completed in 2009.

What is unit 2505 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 2505, V3 Tower

Starts from the last sale price (AED 1.85M, 2 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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