3-bed · 2,166 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 28th floor · completed 2009

2803, V3 Tower

Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 28 June 2022
Last soldAED 1.77M28 June 2022
Current rentAED 110K /yr15 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2803, V3 Tower

What is 2803 worth today?

Last sold for AED 1,770,000 in 2022

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28 Jun 2022SoldReady
AED 1,770,000AED 817 per sqft
15 Apr 2021RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
1 Oct 2018RentedRenewal
AED 80,000/yr24 months · AED 37 per sqft
1 Oct 2016RentedRenewal
AED 80,000/yr24 months · AED 37 per sqft
1 Oct 2015RentedRenewal
AED 80,000/yr12 months · AED 37 per sqft
1 Apr 2014RentedNew contract
AED 78,000/yr18 months · AED 36 per sqft
13 Dec 2012Sold by developerReady
AED 1,374,414AED 634 per sqft

Source: Dubai Land Department. Updated 28 June 2022.

Key facts

Type
3-bed apartment
Size
2,166 sqft
Floor
28th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 27,000 /yr
Last sold
AED 1.77M · June 2022
Building
V3 Tower

About 2803, V3 Tower

2803 is a three-bedroom apartment of 2,166 sqft on the 28th 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 28 June 2022 for AED 1,770,000, or AED 817 per sqft, in line with the AED 807 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 15 April 2021, is AED 110,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 27,000 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, each saleTypical three-bed in V3 Tower
2M3M20102014201820222026Typical sale price by year: 2010 AED 1,618,581; 2011 AED 1,354,862; 2012 AED 1,430,000; 2013 AED 1,782,375; 2014 AED 1,432,906; 2017 AED 1,518,000; 2021 AED 1,750,000; 2022 AED 1,700,000; 2023 AED 1,935,000; 2025 AED 3,117,500Sold by developer, December 2012: AED 1,374,414 (AED 634 per sqft)Sold, June 2022: AED 1,770,000 (AED 817 per sqft)

2803 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2803, each contractTypical three-bed in V3 Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 135,000; 2014 AED 140,000; 2015 AED 140,000; 2016 AED 162,500; 2017 AED 130,000; 2018 AED 130,000; 2019 AED 126,500; 2020 AED 96,250; 2021 AED 105,000; 2022 AED 110,250; 2023 AED 122,000; 2024 AED 150,000; 2025 AED 167,642; 2026 AED 173,500New contract, April 2014: AED 78,000 a yearRenewal, October 2015: AED 80,000 a yearRenewal, October 2016: AED 80,000 a yearRenewal, October 2018: AED 80,000 a yearNew contract, April 2021: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in V3 Tower, and where 2803 sits

All 40 3-beds →

2803 last sold in June 2022 at AED 817 per sqft, in line with what three-beds in V3 Tower were fetching at the time (AED 807). Over the last 12 months three-beds sold for AED 3,320,000, around AED 1,529 per sqft, and rent for AED 105,000 to 290,000 a year. 2803's AED 110,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20263,320,000
10 Oct 20253,470,000
22 Sep 20253,200,000
20 Jun 20253,035,000
1 3-bed sale 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 28th floor

All 328 units in V3 Tower
Value
28013-bedAED 2.2M · Sep 2013
28022-bedAED 180K · Aug 2018
28043-bedAED 1.19M · Jun 2011
28052-bedAED 889K · Jun 2010
28063-bedAED 1.65M · Oct 2019

2803, V3 Tower in numbers

  • Sold twice: first on 13 December 2012 for AED 1,374,414, last on 28 June 2022 for AED 1,770,000 (AED 817 per sqft).
  • Rented since April 2014 on 5 Ejari contracts, from AED 78,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 27,000 a year (AED 12.46 per sqft).
  • Three-beds in V3 Tower sold for AED 3,320,000–3,320,000 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 28 June 2022.

Questions about 2803, V3 Tower

What did unit 2803 last sell for?

AED 1,770,000 on 28 June 2022: AED 817 per sqft for 2,166 sqft. The unit has 2 registered sales; the first was AED 1,374,414 in December 2012.

What is the rent for unit 2803?

AED 110,000 a year on the contract signed on 15 April 2021. The previous contract, from October 2018, was AED 80,000; the unit has been rented since April 2014.

How big is unit 2803?

2,166 sqft (201.2 sqm): a three-bedroom apartment on the 28th floor of a 37-storey tower completed in 2009.

What is unit 2803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in V3 Tower sold for AED 3,320,000 to 3,320,000 in the last 12 months, around AED 1,529 per sqft.

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Mortgage on 2803, V3 Tower

Starts from the last sale price (AED 1.77M, 28 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,770,000
Deposit, UAE resident (20%)
AED 354,000
Deposit, non-resident (40%)
AED 708,000
Monthly over 25 years at 3.7%
AED 7,242

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