116, Nicholas Residence
Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Nicholas Residence
What is 116 worth today?
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Source: Dubai Land Department. Updated 12 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 483 sqft
- Floor
- 1st of 4
- Parking
- G-31
- Developer
- Segrex Development
- Completed
- 2023
- Last sold
- AED 485K · November 2022
- Building
- Nicholas Residence
About 116, Nicholas Residence
116 is a studio of 483 sqft on the 1st floor of Nicholas Residence, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Segrex Development . The developer sold it on 4 November 2022 for AED 485,000, or AED 1,012 per sqft, in line with the AED 1,005 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 12 July 2026, is AED 60,000 a year: a gross yield of 12.4% on the 2022 price.
Sales and rents for 116 over time
116 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Nicholas Residence, and where 116 sits
All 32 studios →116 last sold in November 2022 at AED 1,012 per sqft, in line with what studios in Nicholas Residence were fetching at the time (AED 1,005). Over the last 12 months studios sold for AED 615,000 to 705,000, around AED 1,420 per sqft, and rent for AED 42,000 to 107,710 a year. 116's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Feb 202626 February 2026 | 426 sqft | 700,000 | 1,641 | ||
| 9 Jan 20269 January 2026 | 493 sqft | 615,000 | 1,247 | ||
| 30 Dec 202530 December 2025 | 570 sqft | 642,139 | 1,125 | ||
| 30 Dec 202530 December 2025 | 473 sqft | 700,000 | 1,481 |
Nicholas Residence
Building91 apartments, studios to 3-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2023 by Segrex Development . 11 sold in the last 12 months.
- Typical price per sqft
- AED 1,303 Up 38.3%
- Typical sale
- AED 705K
- Typical rent
- AED 60K /yr
- Typical yield
- 7.6%
Other units on the 1st floor
All 91 units in Nicholas Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | Studio | 490 sqft | AED 530KAED 530,000 · Jun 2023June 2023 | ||
| 102 | 1-bed | 969 sqft | AED 840KAED 840,000 · Aug 2022August 2022 | ||
| 103 | 1-bed | 971 sqft | AED 861KAED 861,050 · Mar 2023March 2023 | ||
| 104 | Studio | 489 sqft | AED 640KAED 640,000 · Aug 2025August 2025 | ||
| 105 | 1-bed | 936 sqft | AED 803KAED 803,250 · Oct 2022October 2022 | 60,000 /yr | |
| 106 | Studio | 570 sqft | AED 642KAED 642,139 · Dec 2025December 2025 | 90,000 /yr | |
| 107 | 1-bed | 1,062 sqft | AED 875KAED 875,000 · Nov 2022November 2022 | 105,000 /yr | |
| 108 | 1-bed | 929 sqft | AED 1.15MAED 1,150,000 · Jul 2026July 2026 | 50,000 /yr | |
| 109 | 1-bed | 976 sqft | AED 860KAED 860,000 · Nov 2022November 2022 | ||
| 110 | 1-bed | 976 sqft | AED 855KAED 855,000 · May 2023May 2023 | ||
| 111 | Studio | 493 sqft | AED 700KAED 700,000 · Nov 2025November 2025 | 107,710 /yr | |
| 112 | 1-bed | 985 sqft | AED 500KAED 500,000 · Jan 2024January 2024 | ||
| 113 | 2-bed | 1,280 sqft | AED 800KAED 800,000 · Mar 2024March 2024 | 120,000 /yr | |
| 114 | Studio | 473 sqft | AED 700KAED 700,000 · Dec 2025December 2025 | ||
| 115 | 1-bed | 947 sqft | AED 1.19MAED 1,190,000 · May 2025May 2025 | ||
| 117 | 1-bed | 954 sqft | AED 940KAED 940,000 · May 2023May 2023 | ||
| 118 | 1-bed | 955 sqft | AED 920KAED 920,000 · May 2026May 2026 | 80,000 /yr | |
| 119 | 1-bed | 856 sqft | AED 793KAED 792,540 · Oct 2022October 2022 | 60,000 /yr | |
| 120 | 1-bed | 846 sqft | AED 800KAED 800,000 · Jan 2024January 2024 | 84,000 /yr | |
| 121 | Studio | 449 sqft | AED 518KAED 518,000 · Jun 2023June 2023 |
116, Nicholas Residence in numbers
- Sold once: by Segrex Development on 4 November 2022 for AED 485,000, or AED 1,012 per sqft.
- Rented since July 2024 on 2 Ejari contracts, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 12.4%.
- Studios in Nicholas Residence sold for AED 615,000–705,000 in the 12 months to November 2026; the building's median across all types is AED 1,303 per sqft.
Source: Dubai Land Department. Updated 12 July 2026.
Questions about 116, Nicholas Residence
What did unit 116 last sell for?
AED 485,000 on 4 November 2022, sold by the developer: AED 1,012 per sqft for 483 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 60,000 a year on the contract signed on 12 July 2026. The previous contract, from July 2024, was AED 60,000.
How big is unit 116?
483 sqft (44.9 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Nicholas Residence sold for AED 615,000 to 705,000 in the last 12 months, around AED 1,420 per sqft.
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Mortgage on 116, Nicholas Residence
Starts from the last sale price (AED 485K, 4 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 485,000
- Deposit, UAE resident (20%)
- AED 97,000
- Deposit, non-resident (40%)
- AED 194,000
- Monthly over 25 years at 3.7%
- AED 1,984
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →