Unit 1603, Neva Residences: what it sold for and what it is worth now

Unit 1603 at Neva Residences is a 1 bed of 785 sq ft. It last sold for AED 806,022 on 28 Sep 2023. At AED 1,183 per sq ft, from 4 sales of units ending 03 (same position in the tower), it is worth about AED 929,000 today.

Value todayAED 929,000AED 874,000 to AED 1,085,000
Last saleAED 806,02228 Sep 2023 · Off-plan
Change since last sale+15.3% 
Rent (median asking, 1 bed)AED 70,000Gross yield 7.5%
Bedrooms1 bed
Size785 sq ft
Floor16 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingNeva Residences by Tiger Properties, handed over 2026
Registered sales of this unit1

Every registered sale of unit 1603

DatePriceSizeAED/sq ftType
28 Sep 2023AED 806,022785 sq ft1,027Off-plan

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
110310 Sep 2026AED 770,000617 sq ft1,248Resale
70318 May 2026AED 1,447,063811 sq ft1,784Resale
90314 May 2026AED 870,000778 sq ft1,118Resale
140313 May 2026AED 950,136864 sq ft1,100Resale
170323 Jun 2025AED 566,056547 sq ft1,035Off-plan
90323 May 2025AED 819,183778 sq ft1,053Off-plan
150331 Jan 2025AED 964,971865 sq ft1,116Off-plan
50317 Dec 2024AED 751,549811 sq ft927Off-plan

Latest 1 bed sales in Neva Residences

UnitDatePriceSizeAED/sq ftType
90215 Oct 2026AED 935,000869 sq ft1,076Resale
6327 Oct 2026AED 970,000924 sq ft1,050Resale
14042 Oct 2026AED 1,100,000884 sq ft1,244Resale
31018 Sep 2026AED 960,000854 sq ft1,124Resale
32515 Sep 2026AED 960,000909 sq ft1,056Resale
73710 Sep 2026AED 789,913844 sq ft936Resale
110310 Sep 2026AED 770,000617 sq ft1,248Resale
4324 Sep 2026AED 960,000924 sq ft1,039Resale

How we worked out the value

We took the 4 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,183). We multiplied it by the size of this unit (785 sq ft). The range uses the middle half of those sales (AED 1,114 to AED 1,382 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1603 at Neva Residences worth?

About AED 929,000 (range AED 874,000 to AED 1,085,000), based on AED 1,183 per sq ft from registered sales up to 15 Oct 2026.

When did unit 1603 last sell?

28 Sep 2023, for AED 806,022 (off-plan). It has 1 registered sale.

What rent can unit 1603 make?

A 1 bed in Neva Residences rents for about AED 70,000 a year (median asking rent). That is a gross yield of 7.5% on the estimate.

Sales alert for Neva ResidencesAll sales in Neva Residences

Unit 1602 · Unit 1604