Unit 303, Noora Residence 1: what it sold for and what it is worth now

Unit 303 at Noora Residence 1 is a studio of 400 sq ft. It last sold for AED 310,000 on 24 Aug 2023. At AED 953 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 381,000 today.

Value todayAED 381,000AED 368,000 to AED 405,000
Last saleAED 310,00024 Aug 2023 · Resale
Change since last sale+22.9%Building trend alone: AED 370,549
Rent (median asking, studio)AED 44,000Gross yield 11.5%
Bedroomsstudio
Size400 sq ft
Floor3 (from the unit number)
Position in the towerStack 03: units ending 03 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 303

DatePriceSizeAED/sq ftType
24 Aug 2023AED 310,000400 sq ft775Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
40324 Feb 2026AED 1,277,6251,886 sq ft677Resale
20323 Jul 2024AED 440,000400 sq ft1,100Resale
20320 Jun 2024AED 380,000400 sq ft950Resale

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
2242 Apr 2025AED 370,000317 sq ft1,167Resale

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 (400 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 370,549. 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 303 at Noora Residence 1 worth?

About AED 381,000 (range AED 368,000 to AED 405,000), based on AED 953 per sq ft from registered sales up to 3 Sep 2026.

When did unit 303 last sell?

24 Aug 2023, for AED 310,000 (resale). It has 1 registered sale.

What rent can unit 303 make?

A studio in Noora Residence 1 rents for about AED 44,000 a year (median asking rent). That is a gross yield of 11.5% on the estimate.

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

Unit 224 · Unit 304