Unit 405, SPICA Residential: what it sold for and what it is worth now

Unit 405 at SPICA Residential is a 1 bed of 1,024 sq ft. It last sold for AED 700,000 on 20 Jan 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 837,000 today.

Value todayAED 837,000AED 771,000 to AED 901,000
Last saleAED 700,00020 Jan 2023 · Resale
Change since last sale+19.6%Building trend alone: AED 1,018,528
Rent (median asking, 1 bed)AED 60,000Gross yield 7.2%
Bedrooms1 bed
Size1,024 sq ft
Floor4 (from the unit number)
Position in the towerStack 05: units ending 05 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 405

DatePriceSizeAED/sq ftType
20 Jan 2023AED 700,0001,024 sq ft684Resale

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
3113 Mar 2023AED 450,000857 sq ft525Resale
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 (1,024 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 1,018,528. 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 405 at SPICA Residential worth?

About AED 837,000 (range AED 771,000 to AED 901,000), based on AED 817 per sq ft from registered sales up to 13 Jul 2026.

When did unit 405 last sell?

20 Jan 2023, for AED 700,000 (resale). It has 1 registered sale.

What rent can unit 405 make?

A 1 bed in SPICA Residential rents for about AED 60,000 a year (median asking rent). That is a gross yield of 7.2% on the estimate.

Sales alert for SPICA ResidentialAll sales in SPICA Residential

Unit 403 · Unit 411