602, V3 Tower
Sold prices and rental history: sold twice, last in October 2011, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, V3 Tower
What is 602 worth today?
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Source: Dubai Land Department. Updated 25 February 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 806 sqft
- Floor
- 6th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 10,000 /yr
- Last sold
- AED 520K · October 2011
- Building
- V3 Tower
About 602, V3 Tower
602 is a one-bedroom apartment of 806 sqft on the 6th 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 11 October 2011 for AED 520,000, or AED 644 per sqft, in line with the AED 649 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 25 February 2022, is AED 48,300 a year: a gross yield of 9.3% on the 2011 price, before the service charge of about AED 10,000 a year.
Sales and rents for 602 over time
602 has sold twice; the dashed line is the one-bed median of each year in the building.
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 602 sits
All 162 1-beds →602 last sold in October 2011 at AED 644 per sqft, in line with what one-beds in V3 Tower were fetching at the time (AED 649). 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. 602's AED 48,300 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 811 sqft | 970,000 | 1,196 | ||
| 11 Sep 202611 September 2026 | 811 sqft | 1,100,000 | 1,357 | ||
| 1 Jun 20261 June 2026 | 811 sqft | 950,000 | 1,172 | ||
| 10 Mar 202610 March 2026 | 805 sqft | 1,000,000 | 1,242 |
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 6th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,348 sqft | AED 1.35MAED 1,350,000 · Sep 2013September 2013 | 123,000 /yr | |
| 603 | 1-bed | 846 sqft | AED 573KAED 572,979 · Apr 2010April 2010 | 85,000 /yr | |
| 604 | 1-bed | 811 sqft | AED 530KAED 530,000 · Apr 2012April 2012 | 74,000 /yr | |
| 605 | 2-bed | 1,625 sqft | AED 1.08MAED 1,081,055 · Nov 2015November 2015 | 150,000 /yr | |
| 606 | 2-bed | 1,625 sqft | AED 1.2MAED 1,201,928 · Apr 2010April 2010 | 129,000 /yr | |
| 607 | 1-bed | 811 sqft | AED 548KAED 548,070 · Apr 2010April 2010 | 40,000 /yr | |
| 608 | 1-bed | 846 sqft | AED 1.02MAED 1,020,000 · Mar 2015March 2015 | 68,480 /yr | |
| 609 | 1-bed | 805 sqft | AED 545KAED 544,592 · Jul 2010July 2010 | 73,500 /yr | |
| 610 | 2-bed | 1,310 sqft | AED 1.12MAED 1,120,000 · May 2022May 2022 | 118,000 /yr |
602, V3 Tower in numbers
- Sold twice: first on 18 August 2011 for AED 561,505, last on 11 October 2011 for AED 520,000 (AED 644 per sqft).
- Rented since February 2019 on 4 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2021 and recovered to AED 48,300 by February 2022.
- At AED 48,300 a year the gross yield on the 2011 price is 9.3%, 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 25 February 2022.
Questions about 602, V3 Tower
What did unit 602 last sell for?
AED 520,000 on 11 October 2011: AED 644 per sqft for 806 sqft. The unit has 2 registered sales; the first was AED 561,505 in August 2011.
What is the rent for unit 602?
AED 48,300 a year on the contract renewed on 25 February 2022. The previous contract, from February 2021, was AED 42,000; the unit has been rented since February 2019.
How big is unit 602?
806 sqft (74.9 sqm): a one-bedroom apartment on the 6th floor of a 37-storey tower completed in 2009.
What is unit 602 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 602, V3 Tower
Starts from the last sale price (AED 520K, 11 October 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →