505, V3 Tower
Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, V3 Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,625 sqft
- Floor
- 5th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.22M · May 2010
- Building
- V3 Tower
About 505, V3 Tower
505 is a two-bedroom apartment of 1,625 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 4 May 2010 for AED 1,216,859, or AED 748 per sqft, 4% below the AED 778 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 15 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 106,050 a year: a gross yield of 8.7% on the 2010 price, before the service charge of about AED 20,300 a year.
Sales and rents for 505 over time
505 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 505 sits
All 126 2-beds →505 last sold in May 2010 at AED 748 per sqft, 4% below what two-beds in V3 Tower were fetching at the time (AED 778). 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. 505's AED 106,050 is in the lower half 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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,348 sqft | AED 1.02MAED 1,017,674 · Apr 2010April 2010 | 85,000 /yr | |
| 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 | |
| 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 |
505, V3 Tower in numbers
- Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 4 May 2010 for AED 1,216,859, or AED 748 per sqft.
- Rented since June 2014 on 15 Ejari contracts. The rent fell from AED 135,000 to AED 80,000 in 2021 and recovered to AED 106,050 by January 2026.
- At AED 106,050 a year the gross yield on the 2010 price is 8.7%, before a service charge of about AED 20,300 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 1 January 2026.
Questions about 505, V3 Tower
What did unit 505 last sell for?
AED 1,216,859 on 4 May 2010, sold by the developer: AED 748 per sqft for 1,625 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 106,050 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 99,000; the unit has been rented since June 2014.
How big is unit 505?
1,625 sqft (151.0 sqm): a two-bedroom apartment on the 5th floor of a 37-storey tower completed in 2009.
What is unit 505 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 505, V3 Tower
Starts from the last sale price (AED 1.22M, 4 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,216,859
- Deposit, UAE resident (20%)
- AED 243,372
- Deposit, non-resident (40%)
- AED 486,744
- Monthly over 25 years at 3.7%
- AED 4,979
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →