Unit 307-B, Noora Residence 1: what it sold for and what it is worth now

Unit 307-B at Noora Residence 1 is a studio of 414 sq ft. It last sold for AED 425,000 on 12 Dec 2024. At AED 953 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 395,000 today.

Value todayAED 395,000AED 381,000 to AED 419,000
Last saleAED 425,00012 Dec 2024 · Resale
Change since last sale-7.1%Building trend alone: AED 404,416
Rent (median asking, studio)AED 44,000Gross yield 11.1%
Bedroomsstudio
Size414 sq ft
BuildingNoora Residence 1 by International Merchant House Real Estate Development, handed over 2014
Registered sales of this unit2

Every registered sale of unit 307-B

DatePriceSizeAED/sq ftType
12 Dec 2024AED 425,000414 sq ft1,027Resale
30 May 2024AED 400,000414 sq ft966Resale

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 (414 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 404,416. 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 307-B at Noora Residence 1 worth?

About AED 395,000 (range AED 381,000 to AED 419,000), based on AED 953 per sq ft from registered sales up to 3 Sep 2026.

When did unit 307-B last sell?

12 Dec 2024, for AED 425,000 (resale). It has 2 registered sales.

What rent can unit 307-B make?

A studio in Noora Residence 1 rents for about AED 44,000 a year (median asking rent). That is a gross yield of 11.1% on the estimate.

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

Unit 307-A · Unit 312