401, V3 Tower
Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, V3 Tower
What is 401 worth today?
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Source: Dubai Land Department. Updated 22 June 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,348 sqft
- Floor
- 4th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 16,800 /yr
- Last sold
- AED 1.43M · June 2023
- Building
- V3 Tower
About 401, V3 Tower
401 is a two-bedroom apartment of 1,348 sqft on the 4th 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 22 June 2023 for AED 1,425,000, or AED 1,057 per sqft, 18% above the AED 898 two-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 11 November 2022, is AED 83,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 16,800 a year.
Sales and rents for 401 over time
401 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 401 sits
All 126 2-beds →401 last sold in June 2023 at AED 1,057 per sqft, 18% above what two-beds in V3 Tower were fetching at the time (AED 898). 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. 401's AED 83,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jul 202628 July 2026 | 1,625 sqft | 2,100,000 | 1,292 | ||
| 24 Jul 202624 July 2026 | 1,625 sqft | 2,300,000 | 1,415 | ||
| 12 Jan 202612 January 2026 | 1,348 sqft | 1,400,000 | 1,038 | ||
| 11 Dec 202511 December 2025 | 1,625 sqft | 2,190,000 | 1,347 |
V3 Tower
Building328 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%
Other units on the 4th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 1-bed | 806 sqft | AED 558KAED 558,122 · Apr 2010April 2010 | 77,000 /yr | |
| 403 | 1-bed | 846 sqft | AED 1.25MAED 1,250,000 · May 2014May 2014 | 75,000 /yr | |
| 404 | 1-bed | 811 sqft | AED 700KAED 700,000 · Dec 2017December 2017 | 65,000 /yr | |
| 405 | 2-bed | 1,625 sqft | AED 1.11MAED 1,110,000 · Mar 2021March 2021 | 85,000 /yr | |
| 406 | 2-bed | 1,625 sqft | AED 1.9MAED 1,900,000 · May 2025May 2025 | 79,228 /yr | |
| 407 | 1-bed | 811 sqft | AED 1.09MAED 1,088,000 · Nov 2017November 2017 | 53,500 /yr | |
| 408 | 1-bed | 846 sqft | AED 950KAED 950,000 · Dec 2024December 2024 | 62,000 /yr | |
| 409 | 1-bed | 805 sqft | AED 541KAED 541,210 · Jul 2010July 2010 | 77,000 /yr | |
| 410 | 2-bed | 1,310 sqft | AED 1.4MAED 1,400,000 · Jun 2016June 2016 | 125,000 /yr |
401, V3 Tower in numbers
- Sold 4 times: first on 15 March 2011 for AED 1,014,599, last on 22 June 2023 for AED 1,425,000 (AED 1,057 per sqft).
- Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 65,000 in 2020 and recovered to AED 83,000 by November 2022.
- At AED 83,000 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 16,800 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 22 June 2023.
Questions about 401, V3 Tower
What did unit 401 last sell for?
AED 1,425,000 on 22 June 2023: AED 1,057 per sqft for 1,348 sqft. The unit has 4 registered sales; the first was AED 1,014,599 in March 2011.
What is the rent for unit 401?
AED 83,000 a year on the contract renewed on 11 November 2022. The previous contract, from November 2021, was AED 73,750; the unit has been rented since July 2013.
How big is unit 401?
1,348 sqft (125.2 sqm): a two-bedroom apartment on the 4th floor of a 37-storey tower completed in 2009.
What is unit 401 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 401, V3 Tower
Starts from the last sale price (AED 1.43M, 22 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,425,000
- Deposit, UAE resident (20%)
- AED 285,000
- Deposit, non-resident (40%)
- AED 570,000
- Monthly over 25 years at 3.7%
- AED 5,830
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →