3-bed · 2,581 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 37th floor · completed 2009

3703, V3 Tower

Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3703 · DLD and Ejari recordsUpdated 1 January 2022
Last soldAED 1.79M14 May 2013
Current rentAED 50K /yr1 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3703, V3 Tower

What is 3703 worth today?

Last sold for AED 1,788,757 in 2013

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1 Jan 2022RentedRenewal · flagged as an outlier
AED 50,000/yr60 months · AED 19 per sqft
10 Aug 2019RentedNew contract · flagged as an outlier
AED 1,999/yr29 months · AED 1 per sqft
3 Dec 2018RentedNew contract
AED 100,000/yr25 months · AED 39 per sqft
3 Dec 2017RentedNew contract
AED 100,000/yr12 months · AED 39 per sqft
7 Oct 2015RentedRenewal
AED 150,000/yr12 months · AED 58 per sqft
7 Oct 2014RentedNew contract
AED 150,000/yr12 months · AED 58 per sqft
14 May 2013Sold by developerReady
AED 1,788,757AED 692 per sqft
7 Oct 2012RentedNew contract
AED 75,000/yr24 months · AED 29 per sqft

Source: Dubai Land Department. Updated 1 January 2022.

Key facts

Type
3-bed apartment
Size
2,581 sqft
Floor
37th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 32,200 /yr
Last sold
AED 1.79M · May 2013
Building
V3 Tower

About 3703, V3 Tower

3703 is a three-bedroom apartment of 2,581 sqft on the 37th 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 14 May 2013 for AED 1,788,757, or AED 692 per sqft, 5% above the AED 659 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 January 2022, is AED 50,000 a year: a gross yield of 2.8% on the 2013 price, before the service charge of about AED 32,200 a year.

Sales and rents for 3703 over time

Sales
Unit 3703, 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, May 2013: AED 1,788,757 (AED 692 per sqft)

3703 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3703, 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, October 2012: AED 75,000 a yearNew contract, October 2014: AED 150,000 a yearRenewal, October 2015: AED 150,000 a yearNew contract, December 2017: AED 100,000 a yearNew contract, December 2018: AED 100,000 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 3703 sits

All 40 3-beds →

3703 last sold in May 2013 at AED 692 per sqft, 5% above what three-beds in V3 Tower were fetching at the time (AED 659). 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. 3703's AED 50,000 is at the bottom 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 37th floor

All 328 units in V3 Tower
Value
37013-bedAED 3M · Oct 2021
37023-bedAED 3.3M · Sep 2024
37043-bedAED 2M · Apr 2016

3703, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 14 May 2013 for AED 1,788,757, or AED 692 per sqft.
  • Rented since October 2012 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 1,999 in 2019 and recovered to AED 50,000 by January 2022.
  • At AED 50,000 a year the gross yield on the 2013 price is 2.8%, before a service charge of about AED 32,200 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 1 January 2022.

Questions about 3703, V3 Tower

What did unit 3703 last sell for?

AED 1,788,757 on 14 May 2013, sold by the developer: AED 692 per sqft for 2,581 sqft. It is the only registered sale of the unit.

What is the rent for unit 3703?

AED 50,000 a year on the contract renewed on 1 January 2022. The previous contract, from August 2019, was AED 1,999; the unit has been rented since October 2012.

How big is unit 3703?

2,581 sqft (239.8 sqm): a three-bedroom apartment on the 37th floor of a 37-storey tower completed in 2009.

What is unit 3703 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 3703, V3 Tower

Starts from the last sale price (AED 1.79M, 14 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,788,757
Deposit, UAE resident (20%)
AED 357,751
Deposit, non-resident (40%)
AED 715,503
Monthly over 25 years at 3.7%
AED 7,318

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