Unit 224, Noora Residence 1: what it sold for and what it is worth now

Unit 224 at Noora Residence 1 is a studio of 317 sq ft. It last sold for AED 370,000 on 2 Apr 2025. At AED 953 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 302,000 today.

Value todayAED 302,000AED 292,000 to AED 321,000
Last saleAED 370,0002 Apr 2025 · Resale
Change since last sale-18.4%Building trend alone: AED 331,765
Rent (median asking, studio)AED 44,000Gross yield 14.6%
Bedroomsstudio
Size317 sq ft
Floor2 (from the unit number)
Position in the towerStack 24: units ending 24 share the same layout and view
BuildingNoora Residence 1 by International Merchant House Real Estate Development, handed over 2014
Registered sales of this unit1

Every registered sale of unit 224

DatePriceSizeAED/sq ftType
2 Apr 2025AED 370,000317 sq ft1,167Resale

Units ending 24 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
3242 Oct 2025AED 405,000425 sq ft953Resale

Latest studio sales in Noora Residence 1

UnitDatePriceSizeAED/sq ftType
G113 Sep 2026AED 460,000518 sq ft888Resale
32117 Feb 2026AED 410,000383 sq ft1,070Resale
3242 Oct 2025AED 405,000425 sq ft953Resale
32222 Jul 2025AED 412,000366 sq ft1,126Resale
31915 Jul 2025AED 410,000396 sq ft1,035Resale
31210 Jul 2025AED 410,000397 sq ft1,033Resale
22320 May 2025AED 435,000363 sq ft1,198Resale
307-A7 Feb 2025AED 400,000407 sq ft983Resale

How we worked out the value

We took the 3 sales in Noora Residence 1 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 953). We multiplied it by the size of this unit (317 sq ft). The range uses the middle half of those sales (AED 920 to AED 1,012 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 331,765. Floor, view, condition and upgrades can move the price either way. Sales data to 3 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 224 at Noora Residence 1 worth?

About AED 302,000 (range AED 292,000 to AED 321,000), based on AED 953 per sq ft from registered sales up to 3 Sep 2026.

When did unit 224 last sell?

2 Apr 2025, for AED 370,000 (resale). It has 1 registered sale.

What rent can unit 224 make?

A studio in Noora Residence 1 rents for about AED 44,000 a year (median asking rent). That is a gross yield of 14.6% on the estimate.

Sales alert for Noora Residence 1All sales in Noora Residence 1

Unit 223 · Unit 303