Unit 224, Nicholas Residence: what it sold for and what it is worth now

Unit 224 at Nicholas Residence is a 1 bed of 789 sq ft. It last sold for AED 685,440 on 7 Oct 2022. 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 951,000 today.

Value todayAED 951,000AED 885,000 to AED 999,000
Last saleAED 685,4407 Oct 2022 · Off-plan
Change since last sale+38.7%Building trend alone: AED 859,030
Rent (median asking, 1 bed)AED 105,000Gross yield 11.0%
Bedrooms1 bed
Size789 sq ft
Floor2 (from the unit number)
Position in the towerStack 24: units ending 24 share the same layout and view
BuildingNicholas Residence by Segrex Development, handed over 2023
Registered sales of this unit1

Every registered sale of unit 224

DatePriceSizeAED/sq ftType
7 Oct 2022AED 685,440789 sq ft869Off-plan

Units ending 24 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
3247 Oct 2022AED 685,440789 sq ft869Off-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 (789 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 859,030. 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 224 at Nicholas Residence worth?

About AED 951,000 (range AED 885,000 to AED 999,000), based on AED 1,206 per sq ft from registered sales up to 17 Sep 2026.

When did unit 224 last sell?

7 Oct 2022, for AED 685,440 (off-plan). It has 1 registered sale.

What rent can unit 224 make?

A 1 bed in Nicholas Residence rents for about AED 105,000 a year (median asking rent). That is a gross yield of 11.0% on the estimate.

Sales alert for Nicholas ResidenceAll sales in Nicholas Residence

Unit 223 · Unit 301