3-bed · 2,192 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 30th floor · completed 2009

3001, V3 Tower

Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3001 · DLD and Ejari recordsUpdated 29 May 2018
Last soldAED 1.8M29 May 2018
Current rentAED 130K /yr1 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3001, V3 Tower

What is 3001 worth today?

Last sold for AED 1,800,000 in 2018

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29 May 2018SoldReady
AED 1,800,000AED 821 per sqft
1 Jan 2017RentedRenewal
AED 130,000/yr12 months · AED 59 per sqft
1 Jan 2016RentedRenewal
AED 130,000/yr12 months · AED 59 per sqft
1 Jan 2015RentedNew contract
AED 113,400/yr12 months · AED 52 per sqft
1 Jan 2013RentedNew contract
AED 90,000/yr12 months · AED 41 per sqft
13 Dec 2012Sold by developerReady
AED 1,414,912AED 645 per sqft

Source: Dubai Land Department. Updated 29 May 2018.

Key facts

Type
3-bed apartment
Size
2,192 sqft
Floor
30th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 27,300 /yr
Last sold
AED 1.8M · May 2018
Building
V3 Tower

About 3001, V3 Tower

3001 is a three-bedroom apartment of 2,192 sqft on the 30th 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 29 May 2018 for AED 1,800,000, or AED 821 per sqft, 19% above the AED 692 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 January 2017, is AED 130,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 27,300 a year.

Sales and rents for 3001 over time

Sales
Unit 3001, 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 1,414,912 (AED 645 per sqft)Sold, May 2018: AED 1,800,000 (AED 821 per sqft)

3001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3001, 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, January 2013: AED 90,000 a yearNew contract, January 2015: AED 113,400 a yearRenewal, January 2016: AED 130,000 a yearRenewal, January 2017: AED 130,000 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 3001 sits

All 40 3-beds →

3001 last sold in May 2018 at AED 821 per sqft, 19% above what three-beds in V3 Tower were fetching at the time (AED 692). 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. 3001's AED 130,000 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 30th floor

All 328 units in V3 Tower
Value
30022-bedAED 833K · Oct 2016
30033-bedAED 3M · Jan 2025
30043-bedAED 1.86M · Jul 2010
30052-bedAED 894K · Apr 2010
30063-bedAED 1.84M · Mar 2023

3001, V3 Tower in numbers

  • Sold twice: first on 13 December 2012 for AED 1,414,912, last on 29 May 2018 for AED 1,800,000 (AED 821 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, from AED 90,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 27,300 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 29 May 2018.

Questions about 3001, V3 Tower

What did unit 3001 last sell for?

AED 1,800,000 on 29 May 2018: AED 821 per sqft for 2,192 sqft. The unit has 2 registered sales; the first was AED 1,414,912 in December 2012.

What is the rent for unit 3001?

AED 130,000 a year on the contract renewed on 1 January 2017. The previous contract, from January 2016, was AED 130,000; the unit has been rented since January 2013.

How big is unit 3001?

2,192 sqft (203.6 sqm): a three-bedroom apartment on the 30th floor of a 37-storey tower completed in 2009.

What is unit 3001 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 3001, V3 Tower

Starts from the last sale price (AED 1.8M, 29 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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