Unit 408, Neva Residences: what it sold for and what it is worth now

Unit 408 at Neva Residences is a studio of 513 sq ft. It last sold for AED 497,071 on 8 May 2023. At AED 1,124 per sq ft, from 51 sales in the building in the last 12 months, it is worth about AED 577,000 today.

Value todayAED 577,000AED 546,000 to AED 617,000
Last saleAED 497,0718 May 2023 · Off-plan
Change since last sale+16.1% 
Rent (median asking, studio)AED 50,000Gross yield 8.7%
Bedroomsstudio
Size513 sq ft
Floor4 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingNeva Residences by Tiger Properties, handed over 2026
Registered sales of this unit1

Every registered sale of unit 408

DatePriceSizeAED/sq ftType
8 May 2023AED 497,071513 sq ft969Off-plan

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
110819 Aug 2026AED 1,100,000926 sq ft1,188Resale
160829 Apr 2026AED 872,403752 sq ft1,160Off-plan
30831 Jul 2025AED 560,000513 sq ft1,092Off-plan
80817 Dec 2024AED 555,268515 sq ft1,078Off-plan
70814 Dec 2024AED 569,050515 sq ft1,105Off-plan
120812 Dec 2024AED 836,089800 sq ft1,045Off-plan
50812 Dec 2024AED 504,679513 sq ft984Off-plan
170812 Dec 2024AED 628,950518 sq ft1,214Off-plan

Latest studio sales in Neva Residences

UnitDatePriceSizeAED/sq ftType
7129 Jul 2026AED 695,000524 sq ft1,326Resale
92521 May 2026AED 589,000524 sq ft1,124Resale
51225 Aug 2025AED 660,000524 sq ft1,260Off-plan
30831 Jul 2025AED 560,000513 sq ft1,092Off-plan
7269 Jul 2025AED 549,000524 sq ft1,048Off-plan
91123 Jun 2025AED 589,000524 sq ft1,124Off-plan
53023 Jun 2025AED 569,050515 sq ft1,105Off-plan
21120 Jun 2025AED 569,050517 sq ft1,101Off-plan

How we worked out the value

We took the 51 sales in Neva Residences in the last 12 months, worked out the price per sq ft of each, and used the middle value (AED 1,124). We multiplied it by the size of this unit (513 sq ft). The range uses the middle half of those sales (AED 1,065 to AED 1,202 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 408 at Neva Residences worth?

About AED 577,000 (range AED 546,000 to AED 617,000), based on AED 1,124 per sq ft from registered sales up to 15 Oct 2026.

When did unit 408 last sell?

8 May 2023, for AED 497,071 (off-plan). It has 1 registered sale.

What rent can unit 408 make?

A studio in Neva Residences rents for about AED 50,000 a year (median asking rent). That is a gross yield of 8.7% on the estimate.

Sales alert for Neva ResidencesAll sales in Neva Residences

Unit 407 · Unit 409