2-bed · 1,625 sqftV3 Tower, Jumeirah Lake Towers (JLT) · 8th floor · completed 2009

806, V3 Tower

Sold prices and rental history: sold 4 times, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 806 · DLD and Ejari recordsUpdated 16 August 2023
Last soldAED 1.79M16 August 2023
Current rentAED 95K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 806, V3 Tower

What is 806 worth today?

Last sold for AED 1,790,000 in 2023

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16 Aug 2023SoldReady
AED 1,790,000AED 1,101 per sqft
1 Jun 2020RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
16 Mar 2017SoldReady
AED 1,689,000AED 1,039 per sqft
1 Apr 2016RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
29 Feb 2016RentedNew contract
AED 179,466/yr12 months · AED 110 per sqft
1 Mar 2015RentedRenewal
AED 180,519/yr12 months · AED 111 per sqft
18 Mar 2014SoldReady
AED 1,835,000AED 1,128 per sqft
1 Mar 2014RentedNew contract
AED 180,000/yr12 months · AED 111 per sqft

Source: Dubai Land Department. Updated 16 August 2023.

Key facts

Type
2-bed apartment
Size
1,625 sqft
Floor
8th of 37
Parking
1
Developer
Sheikh Suroor Bin Mohd Alnehayan
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 1.79M · August 2023
Building
V3 Tower

About 806, V3 Tower

806 is a two-bedroom apartment of 1,625 sqft on the 8th 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 16 August 2023 for AED 1,790,000, or AED 1,101 per sqft, 17% above the AED 945 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 June 2020, is AED 95,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 20,300 a year.

Sales and rents for 806 over time

Sales
Unit 806, 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, January 2014: AED 1,319,339 (AED 811 per sqft)Sold, March 2014: AED 1,835,000 (AED 1,128 per sqft)Sold, March 2017: AED 1,689,000 (AED 1,039 per sqft)Sold, August 2023: AED 1,790,000 (AED 1,101 per sqft)

806 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 806, each contractTypical two-bed in V3 Tower
100K150K2012201620202024Typical 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, March 2014: AED 180,000 a yearRenewal, March 2015: AED 180,519 a yearNew contract, February 2016: AED 179,466 a yearNew contract, April 2016: AED 140,000 a yearNew contract, June 2020: AED 95,000 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 806 sits

All 126 2-beds →

806 last sold in August 2023 at AED 1,101 per sqft, 17% above what two-beds in V3 Tower were fetching at the time (AED 945). 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. 806's AED 95,000 is in the lower 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 8th floor

All 328 units in V3 Tower
Value
8012-bedAED 1.03M · Apr 2010
8021-bedAED 775K · Dec 2022
8031-bedAED 576K · May 2010
8041-bedAED 568K · Apr 2010
8052-bedAED 1.9M · Mar 2024
8071-bedAED 635K · Jan 2022
8081-bedAED 755K · Apr 2013
1–7 of 9

806, V3 Tower in numbers

  • Sold 4 times: first on 28 January 2014 for AED 1,319,339, last on 16 August 2023 for AED 1,790,000 (AED 1,101 per sqft).
  • Rented since March 2014 on 5 Ejari contracts, from AED 180,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 5.3%, 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 16 August 2023.

Questions about 806, V3 Tower

What did unit 806 last sell for?

AED 1,790,000 on 16 August 2023: AED 1,101 per sqft for 1,625 sqft. The unit has 4 registered sales; the first was AED 1,319,339 in January 2014.

What is the rent for unit 806?

AED 95,000 a year on the contract signed on 1 June 2020. The previous contract, from April 2016, was AED 140,000; the unit has been rented since March 2014.

How big is unit 806?

1,625 sqft (151.0 sqm): a two-bedroom apartment on the 8th floor of a 37-storey tower completed in 2009.

What is unit 806 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 806, V3 Tower

Starts from the last sale price (AED 1.79M, 16 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,790,000
Deposit, UAE resident (20%)
AED 358,000
Deposit, non-resident (40%)
AED 716,000
Monthly over 25 years at 3.7%
AED 7,323

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