216, Nicholas Residence
Sold prices and rental history: sold 3 times, last in May 2023, and rented once, from October 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 216, Nicholas Residence
What is 216 worth today?
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Source: Dubai Land Department. Updated 24 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 2nd of 4
- Parking
- B-19
- Developer
- Segrex Development
- Completed
- 2023
- Last sold
- AED 585K · May 2023
- Building
- Nicholas Residence
About 216, Nicholas Residence
216 is a studio of 473 sqft on the 2nd floor of Nicholas Residence, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Segrex Development . It last sold on 25 May 2023 for AED 585,000, or AED 1,237 per sqft, 19% above the AED 1,043 studios in the building were fetching at the time.
One Ejari contract is registered, from 24 October 2025. The current contract, signed on 24 October 2025, is AED 54,000 a year: a gross yield of 9.2% on the 2023 price.
Sales and rents for 216 over time
216 has sold 3 times; 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 216 sits
All 32 studios →216 last sold in May 2023 at AED 1,237 per sqft, 19% above what studios in Nicholas Residence were fetching at the time (AED 1,043). 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. 216's AED 54,000 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 2nd floor
All 91 units in Nicholas Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 761 sqft | AED 728KAED 728,280 · Oct 2022October 2022 | ||
| 202 | Studio | 466 sqft | AED 470KAED 470,000 · Oct 2023October 2023 | ||
| 203 | 1-bed | 907 sqft | AED 865KAED 865,000 · Jul 2023July 2023 | ||
| 204 | 1-bed | 853 sqft | AED 793KAED 792,540 · Oct 2022October 2022 | 60,000 /yr | |
| 205 | Studio | 431 sqft | AED 705KAED 705,000 · Nov 2025November 2025 | ||
| 206 | 1-bed | 818 sqft | AED 751KAED 751,000 · Jun 2023June 2023 | ||
| 207 | Studio | 541 sqft | AED 540KAED 540,000 · Jun 2023June 2023 | ||
| 208 | Studio | 548 sqft | AED 544KAED 544,000 · Mar 2023March 2023 | 52,000 /yr | |
| 209 | Studio | 511 sqft | AED 585KAED 585,000 · Jun 2023June 2023 | ||
| 210 | 1-bed | 922 sqft | AED 819KAED 819,000 · Jun 2023June 2023 | ||
| 211 | 1-bed | 969 sqft | AED 835KAED 835,000 · Apr 2023April 2023 | 81,900 /yr | |
| 212 | 1-bed | 974 sqft | AED 850KAED 850,000 · Oct 2023October 2023 | ||
| 213 | Studio | 493 sqft | AED 615KAED 615,000 · Jan 2026January 2026 | 50,000 /yr | |
| 214 | 1-bed | 988 sqft | AED 830KAED 830,000 · Feb 2022February 2022 | 85,000 /yr | |
| 215 | 2-bed | 1,280 sqft | AED 1.2MAED 1,200,000 · Oct 2024October 2024 | ||
| 217 | 1-bed | 947 sqft | AED 800KAED 800,000 · Jan 2024January 2024 | ||
| 218 | Studio | 483 sqft | AED 594KAED 594,000 · Feb 2023February 2023 | ||
| 219 | 1-bed | 954 sqft | AED 1.15MAED 1,150,000 · Jan 2025January 2025 | ||
| 220 | 1-bed | 955 sqft | AED 900KAED 900,000 · Feb 2025February 2025 | 132,000 /yr | |
| 221 | 1-bed | 812 sqft | AED 793KAED 792,540 · Oct 2022October 2022 | 60,000 /yr | |
| 222 | 1-bed | 807 sqft | AED 1.09MAED 1,090,000 · Sep 2026September 2026 | ||
| 223 | Studio | 426 sqft | AED 570KAED 570,000 · Nov 2023November 2023 | ||
| 224 | 1-bed | 789 sqft | AED 685KAED 685,440 · Oct 2022October 2022 | 60,000 /yr |
216, Nicholas Residence in numbers
- Sold 3 times: first on 17 October 2022 for AED 472,200, last on 25 May 2023 for AED 585,000 (AED 1,237 per sqft).
- Rented since October 2025 on one Ejari contract, at AED 54,000 a year.
- At AED 54,000 a year the gross yield on the 2023 price is 9.2%.
- 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 24 October 2025.
Questions about 216, Nicholas Residence
What did unit 216 last sell for?
AED 585,000 on 25 May 2023: AED 1,237 per sqft for 473 sqft. The unit has 3 registered sales; the first was AED 472,200 in October 2022.
What is the rent for unit 216?
AED 54,000 a year on the contract signed on 24 October 2025.
How big is unit 216?
473 sqft (43.9 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.
What is unit 216 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 216, Nicholas Residence
Starts from the last sale price (AED 585K, 25 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 585,000
- Deposit, UAE resident (20%)
- AED 117,000
- Deposit, non-resident (40%)
- AED 234,000
- Monthly over 25 years at 3.7%
- AED 2,393
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →