Unit 506, Neva Residences: what it sold for and what it is worth now

Unit 506 at Neva Residences is a 1 bed of 922 sq ft. It last sold for AED 859,000 on 31 May 2024. At AED 1,119 per sq ft, from 41 sales in the building in the last 12 months (1 bed), it is worth about AED 1,032,000 today.

Value todayAED 1,032,000AED 974,000 to AED 1,082,000
Last saleAED 859,00031 May 2024 · Off-plan
Change since last sale+20.1% 
Rent (median asking, 1 bed)AED 70,000Gross yield 6.8%
Bedrooms1 bed
Size922 sq ft
Floor5 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingNeva Residences by Tiger Properties, handed over 2026
Registered sales of this unit1

Every registered sale of unit 506

DatePriceSizeAED/sq ftType
31 May 2024AED 859,000922 sq ft932Off-plan

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
8064 Aug 2026AED 1,065,000922 sq ft1,155Resale
90610 Feb 2026AED 455,537851 sq ft535Off-plan
150612 Dec 2025AED 961,007936 sq ft1,027Off-plan
16065 Aug 2025AED 1,024,015936 sq ft1,094Off-plan
10067 Jul 2025AED 615,706614 sq ft1,003Off-plan
30624 Jun 2025AED 787,955922 sq ft855Off-plan
2067 May 2025AED 818,095922 sq ft887Off-plan
8069 Jan 2025AED 929,979922 sq ft1,009Off-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 41 sales in Neva Residences in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,119). We multiplied it by the size of this unit (922 sq ft). The range uses the middle half of those sales (AED 1,056 to AED 1,174 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 506 at Neva Residences worth?

About AED 1,032,000 (range AED 974,000 to AED 1,082,000), based on AED 1,119 per sq ft from registered sales up to 15 Oct 2026.

When did unit 506 last sell?

31 May 2024, for AED 859,000 (off-plan). It has 1 registered sale.

What rent can unit 506 make?

A 1 bed in Neva Residences rents for about AED 70,000 a year (median asking rent). That is a gross yield of 6.8% on the estimate.

Sales alert for Neva ResidencesAll sales in Neva Residences

Unit 505 · Unit 507