1-bed · 811 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 3rd floor · completed 2009

304, V3 Tower

Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 2 February 2024
Last soldAED 560K20 April 2010
Current rentAED 62K /yr2 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, V3 Tower

What is 304 worth today?

Last sold for AED 559,984 in 2010

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2 Feb 2024RentedRenewal
AED 62,370/yr12 months · AED 77 per sqft
2 Feb 2023RentedRenewal
AED 59,400/yr12 months · AED 73 per sqft
2 Feb 2022RentedNew contract
AED 54,000/yr12 months · AED 67 per sqft
20 Jan 2021RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
20 Jan 2020RentedRenewal
AED 58,000/yr12 months · AED 72 per sqft
20 Jan 2019RentedRenewal
AED 64,000/yr12 months · AED 79 per sqft
20 Jan 2018RentedNew contract
AED 69,000/yr12 months · AED 85 per sqft
20 Oct 2016RentedNew contract
AED 88,000/yr12 months · AED 109 per sqft

Source: Dubai Land Department. Updated 2 February 2024.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
3rd of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 560K · April 2010
Building
V3 Tower

About 304, V3 Tower

304 is a one-bedroom apartment of 811 sqft on the 3rd floor of V3 Tower, a 37-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. The developer sold it on 20 April 2010 for AED 559,984, or AED 690 per sqft, in line with the AED 699 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 2 February 2024, is AED 62,370 a year: a gross yield of 11.1% on the 2010 price, before the service charge of about AED 10,100 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, April 2010: AED 559,984 (AED 690 per sqft)

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

Rents
Unit 304, 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, May 2013: AED 55,000 a yearNew contract, September 2015: AED 83,500 a yearNew contract, October 2016: AED 88,000 a yearNew contract, January 2018: AED 69,000 a yearRenewal, January 2019: AED 64,000 a yearRenewal, January 2020: AED 58,000 a yearNew contract, January 2021: AED 45,000 a yearNew contract, February 2022: AED 54,000 a yearRenewal, February 2023: AED 59,400 a yearRenewal, February 2024: AED 62,370 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 304 sits

All 162 1-beds →

304 last sold in April 2010 at AED 690 per sqft, in line with what one-beds in V3 Tower were fetching at the time (AED 699). 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. 304's AED 62,370 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 3rd floor

All 328 units in V3 Tower
Value
3012-bedAED 1.1M · Aug 2010
3021-bedAED 745K · Mar 2022
3031-bedAED 1.06M · Dec 2024
3052-bedAED 1M · Sep 2019
3062-bedAED 1.3M · Jul 2010
3071-bedAED 543K · Jul 2010
3081-bedAED 810K · Sep 2023
1–7 of 9

304, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 20 April 2010 for AED 559,984, or AED 690 per sqft.
  • Rented since May 2013 on 10 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2021 and recovered to AED 62,370 by February 2024.
  • At AED 62,370 a year the gross yield on the 2010 price is 11.1%, before a service charge of about AED 10,100 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 2 February 2024.

Questions about 304, V3 Tower

What did unit 304 last sell for?

AED 559,984 on 20 April 2010, sold by the developer: AED 690 per sqft for 811 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 62,370 a year on the contract renewed on 2 February 2024. The previous contract, from February 2023, was AED 59,400; the unit has been rented since May 2013.

How big is unit 304?

811 sqft (75.3 sqm): a one-bedroom apartment on the 3rd floor of a 37-storey tower completed in 2009.

What is unit 304 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 304, V3 Tower

Starts from the last sale price (AED 560K, 20 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 559,984
Deposit, UAE resident (20%)
AED 111,997
Deposit, non-resident (40%)
AED 223,994
Monthly over 25 years at 3.7%
AED 2,291

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