Unit 115, Nicholas Residence: what it sold for and what it is worth now

Unit 115 at Nicholas Residence is a 1 bed of 947 sq ft. It last sold for AED 1,190,000 on 22 May 2025. At AED 1,097 per sq ft, from 4 sales of units ending 15 (same position in the tower), it is worth about AED 1,039,000 today.

Value todayAED 1,039,000AED 862,000 to AED 1,198,000
Last saleAED 1,190,00022 May 2025 · Resale
Change since last sale-12.7%Building trend alone: AED 1,205,891
Rent (median asking, 1 bed)AED 105,000Gross yield 10.1%
Bedrooms1 bed
Size947 sq ft
Floor1 (from the unit number)
Position in the towerStack 15: units ending 15 share the same layout and view
BuildingNicholas Residence by Segrex Development, handed over 2023
Registered sales of this unit3

Every registered sale of unit 115

DatePriceSizeAED/sq ftType
22 May 2025AED 1,190,000947 sq ft1,257Resale
23 Jan 2024AED 800,000947 sq ft845Resale
6 Oct 2022AED 803,250947 sq ft848Off-plan

Units ending 15 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
31512 Dec 2024AED 1,650,0001,280 sq ft1,289Resale
3157 Nov 2024AED 1,060,0001,280 sq ft828Resale
2151 Oct 2024AED 1,200,0001,280 sq ft938Resale
41512 Dec 2022AED 533,300426 sq ft1,252Off-plan

Latest 1 bed sales in Nicholas Residence

UnitDatePriceSizeAED/sq ftType
22217 Sep 2026AED 1,090,000807 sq ft1,351Resale
1082 Jul 2026AED 1,150,000929 sq ft1,238Resale
1187 May 2026AED 920,000955 sq ft963Resale
31913 Apr 2026AED 1,120,000954 sq ft1,174Resale
41328 Aug 2025AED 1,130,000815 sq ft1,387Resale
1181 May 2025AED 1,050,000955 sq ft1,099Resale
4137 Mar 2025AED 705,000815 sq ft865Resale
3206 Mar 2025AED 1,110,000955 sq ft1,162Resale

How we worked out the value

We took the 4 resale sales of units ending 15 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,097). We multiplied it by the size of this unit (947 sq ft). The range uses the middle half of those sales (AED 910 to AED 1,265 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,205,891. Floor, view, condition and upgrades can move the price either way. Sales data to 17 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 115 at Nicholas Residence worth?

About AED 1,039,000 (range AED 862,000 to AED 1,198,000), based on AED 1,097 per sq ft from registered sales up to 17 Sep 2026.

When did unit 115 last sell?

22 May 2025, for AED 1,190,000 (resale). It has 3 registered sales.

What rent can unit 115 make?

A 1 bed in Nicholas Residence rents for about AED 105,000 a year (median asking rent). That is a gross yield of 10.1% on the estimate.

Sales alert for Nicholas ResidenceAll sales in Nicholas Residence

Unit 114 · Unit 116