V3 Tower is a 39-storey residential complex located in Dubai’s Jumeirah Lakes Towers area. Nakheel Properties was the developer of the modern skyscraper, which was completed in 2009, and Al Bahar Architecture & Engineering Consultants was in charge of the architectural layout and design of V3 Tower.
The property collection in the building consists of 292 units which include one, two and three bedroom apartments. The units are ready to move into and are fully equipped with plumbing, fitted kitchens, built-in closets and balconies. Secondary market units are available for purchase already furnished.
The minimum size of 1-bedroom apartments for sale in V3 Tower is 75 square meters (807 square feet), and the price starts from AED 770,000 (USD 195,000).
V3 Tower has the necessary conditions for comfortable living. Facilities and amenities of the complex include:
Jumeirah Lakes Towers, where V3 Tower is located, is a development with many diversified modern skyscrapers surrounded by artificial lakes and landscaped areas. It is adjacent to popular Dubai neighborhoods such as Dubai Marina and JBR.
DAMAC Properties Metro Station is a 5-minute walk from the complex, and the Damas Bus Stop in JLT is a 3-minute walk away. Unifunds Supermarket, Zoom, Manila Mart, Sarve Minimart, Q Mart and KP Mart are also within walking distance.
Emirates Golf Club and The Dubai Marina Walk are an 8-10 minute drive from the skyscraper, while Dubai’s main street Sheikh Zayed Road is a 5-minute walk away from which you can easily reach the following destinations:
DXB international airports in 30 minutes, Al Maktoum in 35 minutes;
Jumeirah Lakes Towers apartment complexes attract investors due to their high return on investment. Many of the apartments in V3 Tower are already furnished, which is an absolute advantage when you want to rent it out. Due to the modern amenities of the area and the location of the skyscraper in a landscaped area with ponds and a park, tenants pay attention to the real estate of the complex.
The ROI for residential properties in the Jumeirah Lakes Towers area averages 6.42%. The average price of a one-bedroom apartment in the complex is AED 780,000 (USD 197,000) and the average annual rent for this type of property is AED 50,000-60,000 (USD 12,641-15,120).
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