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1-bed · 806 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 5th floor · completed 2009

502, V3 Tower

Sold prices and rental history: sold once, by the developer in April 2010, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 February 2018
Last soldAED 560K20 April 2010
Current rentAED 60K /yr1 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, V3 Tower

What is 502 worth today?

Last sold for AED 559,814 in 2010

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1 Feb 2018RentedNew contract
AED 60,000/yr12 months · AED 74 per sqft
1 Aug 2016RentedNew contract
AED 85,000/yr12 months · AED 105 per sqft
20 Apr 2010Sold by developerReady
AED 559,814AED 694 per sqft

Source: Dubai Land Department. Updated 1 February 2018.

Key facts

Type
1-bed apartment
Size
806 sqft
Floor
5th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 560K · April 2010
Building
V3 Tower

About 502, V3 Tower

502 is a one-bedroom apartment of 806 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 20 April 2010 for AED 559,814, or AED 694 per sqft, in line with the AED 699 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 February 2018, is AED 60,000 a year: a gross yield of 10.7% on the 2010 price, before the service charge of about AED 10,000 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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 559,814 (AED 694 per sqft)

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

Rents
Unit 502, 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, August 2016: AED 85,000 a yearNew contract, February 2018: AED 60,000 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 502 sits

All 162 1-beds →

502 last sold in April 2010 at AED 694 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. 502's AED 60,000 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 5th floor

All 328 units in V3 Tower
Value
5012-bedAED 1.02M · Apr 2010
5031-bedAED 700K · May 2021
5041-bedAED 900K · Aug 2013
5052-bedAED 1.22M · May 2010
5062-bedAED 1.31M · Jul 2010
5071-bedAED 600K · Dec 2020
5081-bedAED 1M · Apr 2018
1–7 of 9

502, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 20 April 2010 for AED 559,814, or AED 694 per sqft.
  • Rented since August 2016 on 2 Ejari contracts, from AED 85,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2010 price is 10.7%, before a service charge of about AED 10,000 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 1 February 2018.

Questions about 502, V3 Tower

What did unit 502 last sell for?

AED 559,814 on 20 April 2010, sold by the developer: AED 694 per sqft for 806 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 60,000 a year on the contract signed on 1 February 2018. The previous contract, from August 2016, was AED 85,000.

How big is unit 502?

806 sqft (74.9 sqm): a one-bedroom apartment on the 5th floor of a 37-storey tower completed in 2009.

What is unit 502 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 502, 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 559,814
Deposit, UAE resident (20%)
AED 111,963
Deposit, non-resident (40%)
AED 223,926
Monthly over 25 years at 3.7%
AED 2,290

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