506, V3 Tower
Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, V3 Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 30 June 2025.
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 1.31M · July 2010
- Building
- V3 Tower
About 506, V3 Tower
506 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 26 July 2010 for AED 1,307,123, or AED 804 per sqft, in line with the AED 791 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 30 June 2025, is AED 135,000 a year: a gross yield of 10.3% on the 2010 price, before the service charge of about AED 20,300 a year.
Sales and rents for 506 over time
506 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 506 sits
All 126 2-beds →506 last sold in July 2010 at AED 804 per sqft, in line with what two-beds in V3 Tower were fetching at the time (AED 791). 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. 506's AED 135,000 is in the upper 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 | |
| 505 | 2-bed | 1,625 sqft | AED 1.22MAED 1,216,859 · May 2010May 2010 | 106,050 /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 |
506, V3 Tower in numbers
- Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 26 July 2010 for AED 1,307,123, or AED 804 per sqft.
- Rented since November 2012 on 12 Ejari contracts, from AED 88,800 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2010 price is 10.3%, 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 30 June 2025.
Questions about 506, V3 Tower
What did unit 506 last sell for?
AED 1,307,123 on 26 July 2010, sold by the developer: AED 804 per sqft for 1,625 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 135,000 a year on the contract signed on 30 June 2025. The previous contract, from October 2024, was AED 117,000; the unit has been rented since November 2012.
How big is unit 506?
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 506 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 506, V3 Tower
Starts from the last sale price (AED 1.31M, 26 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,307,123
- Deposit, UAE resident (20%)
- AED 261,425
- Deposit, non-resident (40%)
- AED 522,849
- Monthly over 25 years at 3.7%
- AED 5,348
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →