Unit 311, SPICA Residential: what it sold for and what it is worth now

Unit 311 at SPICA Residential is a 1 bed of 857 sq ft. It last sold for AED 450,000 on 3 Mar 2023. At AED 817 per sq ft, from 6 sales in the building in the last 24 months (1 bed), it is worth about AED 701,000 today.

Value todayAED 701,000AED 645,000 to AED 754,000
Last saleAED 450,0003 Mar 2023 · Resale
Change since last sale+55.8%Building trend alone: AED 650,563
Rent (median asking, 1 bed)AED 60,000Gross yield 8.6%
Bedrooms1 bed
Size857 sq ft
Floor3 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingSPICA Residential by Five Elements Real Estate Development (Myra Real Estate Developments), handed over 2016
Registered sales of this unit1

Every registered sale of unit 311

DatePriceSizeAED/sq ftType
3 Mar 2023AED 450,000857 sq ft525Resale

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4117 May 2025AED 770,0001,024 sq ft752Resale

Latest 1 bed sales in SPICA Residential

UnitDatePriceSizeAED/sq ftType
32613 Jul 2026AED 775,000881 sq ft880Resale
10123 Apr 2026AED 790,000899 sq ft879Resale
4117 May 2025AED 770,0001,024 sq ft752Resale
12630 Jan 2025AED 940,600881 sq ft1,068Resale
3147 Nov 2024AED 800,0001,058 sq ft756Resale
32617 Oct 2024AED 640,000881 sq ft726Resale
40520 Jan 2023AED 700,0001,024 sq ft684Resale
1012 Aug 2022AED 540,000899 sq ft601Resale

How we worked out the value

We took the 6 sales in SPICA Residential in the last 24 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 817). We multiplied it by the size of this unit (857 sq ft). The range uses the middle half of those sales (AED 753 to AED 879 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 650,563. Floor, view, condition and upgrades can move the price either way. Sales data to 13 Jul 2026, from the Dubai Land Department register.

Questions

What is unit 311 at SPICA Residential worth?

About AED 701,000 (range AED 645,000 to AED 754,000), based on AED 817 per sq ft from registered sales up to 13 Jul 2026.

When did unit 311 last sell?

3 Mar 2023, for AED 450,000 (resale). It has 1 registered sale.

What rent can unit 311 make?

A 1 bed in SPICA Residential rents for about AED 60,000 a year (median asking rent). That is a gross yield of 8.6% on the estimate.

Sales alert for SPICA ResidentialAll sales in SPICA Residential

Unit 310 · Unit 312