501, V3 Tower
Sold prices and rental history: sold once, by the developer in April 2010, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, V3 Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 4 December 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,348 sqft
- Floor
- 5th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 16,800 /yr
- Last sold
- AED 1.02M · April 2010
- Building
- V3 Tower
About 501, V3 Tower
501 is a two-bedroom apartment of 1,348 sqft on the 5th 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 19 April 2010 for AED 1,017,674, or AED 755 per sqft, in line with the AED 752 two-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 4 December 2019, is AED 85,000 a year: a gross yield of 8.3% on the 2010 price, before the service charge of about AED 16,800 a year.
Sales and rents for 501 over time
501 has sold once; 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 501 sits
All 126 2-beds →501 last sold in April 2010 at AED 755 per sqft, in line with what two-beds in V3 Tower were fetching at the time (AED 752). 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. 501's AED 85,000 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 5th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 806 sqft | AED 560KAED 559,814 · Apr 2010April 2010 | 60,000 /yr | |
| 503 | 1-bed | 846 sqft | AED 700KAED 700,000 · May 2021May 2021 | 70,000 /yr | |
| 504 | 1-bed | 811 sqft | AED 900KAED 900,000 · Aug 2013August 2013 | 75,000 /yr | |
| 505 | 2-bed | 1,625 sqft | AED 1.22MAED 1,216,859 · May 2010May 2010 | 106,050 /yr | |
| 506 | 2-bed | 1,625 sqft | AED 1.31MAED 1,307,123 · Jul 2010July 2010 | 135,000 /yr | |
| 507 | 1-bed | 811 sqft | AED 600KAED 600,000 · Dec 2020December 2020 | 78,000 /yr | |
| 508 | 1-bed | 846 sqft | AED 1MAED 1,000,000 · Apr 2018April 2018 | 74,000 /yr | |
| 509 | 1-bed | 805 sqft | AED 1MAED 1,000,000 · Mar 2026March 2026 | 70,000 /yr | |
| 510 | 2-bed | 1,310 sqft | AED 1.78MAED 1,775,000 · Oct 2023October 2023 | 120,000 /yr |
501, V3 Tower in numbers
- Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 19 April 2010 for AED 1,017,674, or AED 755 per sqft.
- Rented since December 2017 on 3 Ejari contracts, from AED 105,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2010 price is 8.3%, 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 4 December 2019.
Questions about 501, V3 Tower
What did unit 501 last sell for?
AED 1,017,674 on 19 April 2010, sold by the developer: AED 755 per sqft for 1,348 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 85,000 a year on the contract signed on 4 December 2019. The previous contract, from December 2018, was AED 105,000; the unit has been rented since December 2017.
How big is unit 501?
1,348 sqft (125.2 sqm): a two-bedroom apartment on the 5th floor of a 37-storey tower completed in 2009.
What is unit 501 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 501, V3 Tower
Starts from the last sale price (AED 1.02M, 19 April 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,017,674
- Deposit, UAE resident (20%)
- AED 203,535
- Deposit, non-resident (40%)
- AED 407,070
- Monthly over 25 years at 3.7%
- AED 4,164
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →