Unit 223, Nicholas Residence: what it sold for and what it is worth now

Unit 223 at Nicholas Residence is a studio of 426 sq ft. It last sold for AED 570,000 on 15 Nov 2023. At AED 1,420 per sq ft, from 7 sales in the building in the last 12 months (studio), it is worth about AED 605,000 today.

Value todayAED 605,000AED 543,000 to AED 664,000
Last saleAED 570,00015 Nov 2023 · Resale
Change since last sale+6.1%Building trend alone: AED 676,401
Rent (median asking, studio)AED 55,000Gross yield 9.1%
Bedroomsstudio
Size426 sq ft
Floor2 (from the unit number)
Position in the towerStack 23: units ending 23 share the same layout and view
BuildingNicholas Residence by Segrex Development, handed over 2023
Registered sales of this unit2

Every registered sale of unit 223

DatePriceSizeAED/sq ftType
15 Nov 2023AED 570,000426 sq ft1,338Resale
18 Oct 2023AED 480,000426 sq ft1,127Resale

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32326 Feb 2026AED 700,000426 sq ft1,643Resale
32319 May 2023AED 555,000426 sq ft1,303Resale

Latest studio sales in Nicholas Residence

UnitDatePriceSizeAED/sq ftType
32326 Feb 2026AED 700,000426 sq ft1,643Resale
2139 Jan 2026AED 615,000493 sq ft1,247Resale
10630 Dec 2025AED 642,139570 sq ft1,127Resale
11430 Dec 2025AED 700,000473 sq ft1,480Resale
30718 Nov 2025AED 705,000541 sq ft1,303Resale
20517 Nov 2025AED 705,000431 sq ft1,636Resale
11112 Nov 2025AED 700,000493 sq ft1,420Resale
1044 Aug 2025AED 640,000489 sq ft1,309Resale

How we worked out the value

We took the 7 sales in Nicholas Residence in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,420). We multiplied it by the size of this unit (426 sq ft). The range uses the middle half of those sales (AED 1,275 to AED 1,558 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 676,401. 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 223 at Nicholas Residence worth?

About AED 605,000 (range AED 543,000 to AED 664,000), based on AED 1,420 per sq ft from registered sales up to 17 Sep 2026.

When did unit 223 last sell?

15 Nov 2023, for AED 570,000 (resale). It has 2 registered sales.

What rent can unit 223 make?

A studio in Nicholas Residence rents for about AED 55,000 a year (median asking rent). That is a gross yield of 9.1% on the estimate.

Sales alert for Nicholas ResidenceAll sales in Nicholas Residence

Unit 222 · Unit 224