Unit 217, Nicholas Residence: what it sold for and what it is worth now

Unit 217 at Nicholas Residence is a 1 bed of 947 sq ft. It last sold for AED 800,000 on 8 Jan 2024. At AED 1,206 per sq ft, from 4 sales in the building in the last 12 months (1 bed), it is worth about AED 1,142,000 today.

Value todayAED 1,142,000AED 1,062,000 to AED 1,199,000
Last saleAED 800,0008 Jan 2024 · Resale
Change since last sale+42.8%Building trend alone: AED 1,031,983
Rent (median asking, 1 bed)AED 105,000Gross yield 9.2%
Bedrooms1 bed
Size947 sq ft
Floor2 (from the unit number)
Position in the towerStack 17: units ending 17 share the same layout and view
BuildingNicholas Residence by Segrex Development, handed over 2023
Registered sales of this unit1

Every registered sale of unit 217

DatePriceSizeAED/sq ftType
8 Jan 2024AED 800,000947 sq ft845Resale

Units ending 17 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
11710 May 2023AED 940,000954 sq ft985Resale
31725 Jan 2023AED 860,000947 sq ft908Off-plan
11720 Nov 2022AED 855,000954 sq ft896Off-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
11522 May 2025AED 1,190,000947 sq ft1,257Resale
1181 May 2025AED 1,050,000955 sq ft1,099Resale
4137 Mar 2025AED 705,000815 sq ft865Resale

How we worked out the value

We took the 4 sales in Nicholas Residence in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,206). We multiplied it by the size of this unit (947 sq ft). The range uses the middle half of those sales (AED 1,121 to AED 1,266 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,031,983. 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 217 at Nicholas Residence worth?

About AED 1,142,000 (range AED 1,062,000 to AED 1,199,000), based on AED 1,206 per sq ft from registered sales up to 17 Sep 2026.

When did unit 217 last sell?

8 Jan 2024, for AED 800,000 (resale). It has 1 registered sale.

What rent can unit 217 make?

A 1 bed in Nicholas Residence rents for about AED 105,000 a year (median asking rent). That is a gross yield of 9.2% on the estimate.

Sales alert for Nicholas ResidenceAll sales in Nicholas Residence

Unit 216 · Unit 218