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2-bed · 1,250 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 30th floor · completed 2009

3002, V3 Tower

Sold prices and rental history: sold 3 times, last in October 2016, and rented once, from November 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3002 · DLD and Ejari recordsUpdated 6 October 2016
Last soldAED 833K6 October 2016
Current rentAED 80K /yr1 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3002, V3 Tower

What is 3002 worth today?

Last sold for AED 832,500 in 2016

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6 Oct 2016SoldReady
AED 832,500AED 666 per sqft
1 Nov 2014RentedNew contract
AED 80,000/yr12 months · AED 64 per sqft
7 Sep 2014SoldReady
AED 1,800,000AED 1,440 per sqft
19 Apr 2010Sold by developerReady
AED 919,676AED 735 per sqft

Source: Dubai Land Department. Updated 6 October 2016.

Key facts

Type
2-bed apartment
Size
1,250 sqft
Floor
30th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 15,600 /yr
Last sold
AED 833K · October 2016
Building
V3 Tower

About 3002, V3 Tower

3002 is a two-bedroom apartment of 1,250 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 6 October 2016 for AED 832,500, or AED 666 per sqft, 32% below the AED 984 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2014. The current contract, signed on 1 November 2014, is AED 80,000 a year: a gross yield of 9.6% on the 2016 price, before the service charge of about AED 15,600 a year.

Sales and rents for 3002 over time

Sales
Unit 3002, 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 919,676 (AED 735 per sqft)Sold, September 2014: AED 1,800,000 (AED 1,440 per sqft)Sold, October 2016: AED 832,500 (AED 666 per sqft)

3002 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3002, 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 2014: 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 3002 sits

All 126 2-beds →

3002 last sold in October 2016 at AED 666 per sqft, 32% below what two-beds in V3 Tower were fetching at the time (AED 984). 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. 3002'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 30th floor

All 328 units in V3 Tower
Value
30013-bedAED 1.8M · May 2018
30033-bedAED 3M · Jan 2025
30043-bedAED 1.86M · Jul 2010
30052-bedAED 894K · Apr 2010
30063-bedAED 1.84M · Mar 2023

3002, V3 Tower in numbers

  • Sold 3 times: first on 19 April 2010 for AED 919,676, last on 6 October 2016 for AED 832,500 (AED 666 per sqft).
  • Rented since November 2014 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 9.6%, before a service charge of about AED 15,600 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 6 October 2016.

Questions about 3002, V3 Tower

What did unit 3002 last sell for?

AED 832,500 on 6 October 2016: AED 666 per sqft for 1,250 sqft. The unit has 3 registered sales; the first was AED 919,676 in April 2010.

What is the rent for unit 3002?

AED 80,000 a year on the contract signed on 1 November 2014.

How big is unit 3002?

1,250 sqft (116.1 sqm): a two-bedroom apartment on the 30th floor of a 37-storey tower completed in 2009.

What is unit 3002 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 3002, V3 Tower

Starts from the last sale price (AED 833K, 6 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 832,500
Deposit, UAE resident (20%)
AED 166,500
Deposit, non-resident (40%)
AED 333,000
Monthly over 25 years at 3.7%
AED 3,406

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