508, V3 Tower
Sold prices and rental history: sold twice, last in April 2018, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, V3 Tower
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 846 sqft
- Floor
- 5th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 10,500 /yr
- Last sold
- AED 1M · April 2018
- Building
- V3 Tower
About 508, V3 Tower
508 is a one-bedroom apartment of 846 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. It last sold on 3 April 2018 for AED 1,000,000, or AED 1,181 per sqft, 20% above the AED 987 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 7 April 2024, is AED 72,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 10,500 a year.
Sales and rents for 508 over time
508 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 508 sits
All 159 1-beds →508 last sold in April 2018 at AED 1,181 per sqft, 20% above what one-beds in V3 Tower were fetching at the time (AED 987). Over the last 12 months one-beds sold for AED 970,000, around AED 1,204 per sqft, and rent for AED 73,500 to 101,000 a year. 508's AED 72,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 805 sqft | 970,000 | 1,204 | ||
| 10 Jun 202510 June 2025 | 811 sqft | 1,120,000 | 1,381 | ||
| 29 May 202529 May 2025 | 806 sqft | 1,025,000 | 1,271 | ||
| 6 Mar 20256 March 2025 | 805 sqft | 950,000 | 1,179 |
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. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,276
- Typical sale
- AED 1.8M
- Typical rent
- AED 90K /yr
- Typical yield
- 7.5%
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 | 70,000 /yr | |
| 505 | 2-bed | 1,625 sqft | AED 1.22MAED 1,216,859 · May 2010May 2010 | 106,050 /yr | |
| 506 | 2-bed | 1,625 sqft | AED 1.31MAED 1,307,123 · Jul 2010July 2010 | 117,000 /yr | |
| 507 | 1-bed | 811 sqft | AED 600KAED 600,000 · Dec 2020December 2020 | 78,000 /yr | |
| 509 | 1-bed | 805 sqft | AED 790KAED 790,000 · May 2013May 2013 | 70,000 /yr | |
| 510 | 2-bed | 1,310 sqft | AED 1.78MAED 1,775,000 · Oct 2023October 2023 | 65,000 /yr |
508, V3 Tower in numbers
- Sold twice: first on 16 May 2010 for AED 553,995, last on 3 April 2018 for AED 1,000,000 (AED 1,181 per sqft).
- Rented since December 2015 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 52,000 in 2021 and recovered to AED 72,000 by April 2024.
- At AED 72,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 10,500 a year (AED 12.46 per sqft).
- One-beds in V3 Tower sold for AED 970,000–970,000 in the 12 months to November 2026; the building's median across all types is AED 1,276 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 7 April 2024.
Questions about 508, V3 Tower
What did unit 508 last sell for?
AED 1,000,000 on 3 April 2018: AED 1,181 per sqft for 846 sqft. The unit has 2 registered sales; the first was AED 553,995 in May 2010.
What is the rent for unit 508?
AED 72,000 a year on the contract renewed on 7 April 2024. The previous contract, from April 2023, was AED 62,000; the unit has been rented since December 2015.
How big is unit 508?
846 sqft (78.6 sqm): a one-bedroom apartment on the 5th floor of a 37-storey tower completed in 2009.
What is unit 508 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 970,000 to 970,000 in the last 12 months, around AED 1,204 per sqft.
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Mortgage on 508, V3 Tower
Starts from the last sale price (AED 1M, 3 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →