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V3 rent: what tenants really pay
Rent in V3, JLT: 1-bed AED 77,000, 2-bed AED 120,000 a year. These are medians of 168 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 93, against AED 99 across JLT. About 46 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“V3: value at AED 93 a sq ft against the JLT median of 99. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about V3
- Per sq ft, a 1-bed here costs 7% less than the JLT median: AED 93 against AED 99. It is number 8 of 28 JLT buildings, cheapest first.
- New 1-bed tenants pay AED 77,000, renewing tenants AED 75,000. For the same home, renewing is cheaper than moving in: a new tenant pays 1% more.
- New-lease rent per sq ft fell 3% on the year, to AED 91 a sq ft.
- About 46 homes are advertised for rent against 168 leases signed in a year: a normal amount of choice.
- 34 leases end in the next 60 days, so more homes may become available soon.
Rent in V3 by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| 1-bed | 77,000 | 75,000 | 78,990 | 811 | 93 | 94 |
| 2-bed | 120,000 | 121,875 | 140,000 | 1,348 | 88 | 66 |
Where V3 is, and the buildings around it
We do not hold the exact position of V3 yet; the map shows JLT.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new 1-bed tenant in V3 pays 1% more than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
For a 1-bed in this building, renewing is cheaper than moving in. The renewal figure shows what the landlord accepts from tenants he wants to keep. Renew or move →
Finding
New-lease rent per sq ft in V3 fell 3% on the year.
Median new lease, AED a sq ft, by quarter
AED 91 a sq ft in the 12 months to 15 Oct 2026, against AED 94 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
34 leases in V3 end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other JLT buildings, 1-bed
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| Lakeside Residence | 77,750 | 801 | 99 | 123 |
| Concorde Tower | 78,000 | 819 | 89 | 204 |
| Lake Shore Tower | 75,527 | 967 | 83 | 93 |
| Lake City Tower | 75,000 | 729 | 95 | 160 |
| Lake Terrace | 80,000 | 746 | 106 | 144 |
| Lake View | 80,000 | 855 | 89 | 112 |
| Indigo Tower | 80,000 | 792 | 99 | 112 |
| Saba Tower 2 | 80,000 | 812 | 98 | 100 |
Buying in Jlt? Sale prices, every tower, resale and off-plan: Jlt on BUY DUBAI →
Questions
How much is rent in V3?
Rent in V3, JLT: 1-bed AED 77,000, 2-bed AED 120,000 a year. These are medians of 168 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 93, against AED 99 across JLT. About 46 homes here are advertised for rent now.
How much is a 1 bedroom in V3?
The median rent for a new 1-bed lease in V3 is AED 77,000 a year (AED 6,417 a month). The median size is 811 sq ft. This is from 45 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in V3?
The median rent for a new 2-bed lease in V3 is AED 120,000 a year (AED 10,000 a month). The median size is 1,348 sq ft. This is from 29 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in V3?
For a 1-bed, new tenants pay a median AED 77,000 and renewing tenants AED 75,000. For the same home, a new tenant pays 1% more.
Is rent going up in V3?
Rent per sq ft on new leases in V3: AED 91 in the 12 months to 15 Oct 2026, against AED 94 the year before.
What are the alternatives to V3 in JLT?
Similar rent for a 1-bed: Lakeside Residence AED 77,750, Concorde Tower AED 78,000, Lake Shore Tower AED 75,527, Lake City Tower AED 75,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "V3". 168 leases 16 Oct 2025–15 Oct 2026, 79 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.