2-bed · 1,625 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 6th floor · completed 2009

606, V3 Tower

Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 28 December 2016
Last soldAED 1.2M20 April 2010
Current rentAED 129K /yr28 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 606, V3 Tower

What is 606 worth today?

Last sold for AED 1,201,928 in 2010

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28 Dec 2016RentedRenewal
AED 129,000/yr12 months · AED 79 per sqft
28 Dec 2015RentedRenewal
AED 129,000/yr12 months · AED 79 per sqft
1 Jan 2015RentedRenewal
AED 127,370/yr12 months · AED 78 per sqft
1 Jan 2014RentedNew contract
AED 120,000/yr12 months · AED 74 per sqft
27 Oct 2012RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
20 Apr 2010Sold by developerReady
AED 1,201,928AED 739 per sqft

Source: Dubai Land Department. Updated 28 December 2016.

Key facts

Type
2-bed apartment
Size
1,625 sqft
Floor
6th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 1.2M · April 2010
Building
V3 Tower

About 606, V3 Tower

606 is a two-bedroom apartment of 1,625 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. The developer sold it on 20 April 2010 for AED 1,201,928, or AED 739 per sqft, 6% below the AED 787 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 28 December 2016, is AED 129,000 a year: a gross yield of 10.7% on the 2010 price, before the service charge of about AED 20,300 a year.

Sales and rents for 606 over time

Sales
Unit 606, each saleTypical two-bed in V3 Tower
1M2M2010201520202025Typical sale price by year: 2010 AED 1,163,855; 2011 AED 916,662; 2012 AED 1,015,168; 2013 AED 1,200,000; 2014 AED 1,700,000; 2015 AED 1,430,313; 2016 AED 1,455,000; 2017 AED 1,700,000; 2018 AED 1,235,000; 2019 AED 1,215,000; 2020 AED 1,110,282; 2021 AED 1,110,000; 2022 AED 1,225,000; 2023 AED 1,460,000; 2024 AED 1,875,000; 2025 AED 2,000,000; 2026 AED 2,100,000Sold by developer, April 2010: AED 1,201,928 (AED 739 per sqft)

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

Rents
Unit 606, each contractTypical two-bed in V3 Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 90,000; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 94,000; 2020 AED 79,500; 2021 AED 77,000; 2022 AED 84,000; 2023 AED 92,000; 2024 AED 115,000; 2025 AED 123,000; 2026 AED 120,000New contract, October 2012: AED 95,000 a yearNew contract, January 2014: AED 120,000 a yearRenewal, January 2015: AED 127,370 a yearRenewal, December 2015: AED 129,000 a yearRenewal, December 2016: AED 129,000 a year

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 606 sits

All 126 2-beds →

606 last sold in April 2010 at AED 739 per sqft, 6% below what two-beds in V3 Tower were fetching at the time (AED 787). 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. 606's AED 129,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jul 20262,100,000
24 Jul 20262,300,000
12 Jan 20261,400,000
11 Dec 20252,190,000
5 2-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 6th floor

All 328 units in V3 Tower
Value
6012-bedAED 1.35M · Sep 2013
6021-bedAED 520K · Oct 2011
6031-bedAED 573K · Apr 2010
6041-bedAED 530K · Apr 2012
6052-bedAED 1.08M · Nov 2015
6071-bedAED 548K · Apr 2010
6081-bedAED 1.02M · Mar 2015
1–7 of 9

606, V3 Tower in numbers

  • Sold once: by Sheikh Suroor Bin Mohd Alnehayan on 20 April 2010 for AED 1,201,928, or AED 739 per sqft.
  • Rented since October 2012 on 5 Ejari contracts, from AED 95,000 to AED 129,000 a year.
  • At AED 129,000 a year the gross yield on the 2010 price is 10.7%, 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 28 December 2016.

Questions about 606, V3 Tower

What did unit 606 last sell for?

AED 1,201,928 on 20 April 2010, sold by the developer: AED 739 per sqft for 1,625 sqft. It is the only registered sale of the unit.

What is the rent for unit 606?

AED 129,000 a year on the contract renewed on 28 December 2016. The previous contract, from December 2015, was AED 129,000; the unit has been rented since October 2012.

How big is unit 606?

1,625 sqft (151.0 sqm): a two-bedroom apartment on the 6th floor of a 37-storey tower completed in 2009.

What is unit 606 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 606, V3 Tower

Starts from the last sale price (AED 1.2M, 20 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,201,928
Deposit, UAE resident (20%)
AED 240,386
Deposit, non-resident (40%)
AED 480,771
Monthly over 25 years at 3.7%
AED 4,917

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