316, Nicholas Residence
Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Nicholas Residence
What is 316 worth today?
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Source: Dubai Land Department. Updated 16 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 3rd of 4
- Parking
- B-42
- Developer
- Segrex Development
- Completed
- 2023
- Last sold
- AED 585K · May 2023
- Building
- Nicholas Residence
About 316, Nicholas Residence
316 is a studio of 473 sqft on the 3rd 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.
It has been rented continuously since 2024 on 5 Ejari contracts. The current contract, signed on 16 May 2026, is AED 46,000 a year: a gross yield of 7.9% on the 2023 price.
Sales and rents for 316 over time
316 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 316 sits
All 32 studios →316 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. 316's AED 46,000 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 3rd floor
All 91 units in Nicholas Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 762 sqft | AED 666KAED 666,400 · Mar 2023March 2023 | 60,000 /yr | |
| 302 | Studio | 466 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | 42,000 /yr | |
| 303 | 1-bed | 905 sqft | AED 909KAED 909,000 · Apr 2022April 2022 | ||
| 304 | 1-bed | 846 sqft | AED 770KAED 770,000 · Jun 2023June 2023 | ||
| 305 | Studio | 431 sqft | AED 530KAED 530,000 · Mar 2023March 2023 | ||
| 306 | 1-bed | 818 sqft | AED 880KAED 880,000 · Jun 2023June 2023 | ||
| 307 | Studio | 541 sqft | AED 705KAED 705,000 · Nov 2025November 2025 | ||
| 308 | Studio | 548 sqft | AED 535KAED 535,000 · Feb 2023February 2023 | ||
| 309 | Studio | 511 sqft | AED 575KAED 575,000 · Jul 2023July 2023 | ||
| 310 | 1-bed | 922 sqft | AED 804KAED 803,600 · Mar 2023March 2023 | 55,000 /yr | |
| 311 | 1-bed | 969 sqft | AED 804KAED 803,600 · Mar 2023March 2023 | 60,000 /yr | |
| 312 | 1-bed | 974 sqft | AED 650KAED 650,000 · Jun 2023June 2023 | 79,778 /yr | |
| 313 | Studio | 495 sqft | AED 515KAED 515,000 · Nov 2022November 2022 | 54,000 /yr | |
| 314 | 1-bed | 985 sqft | AED 1.01MAED 1,010,000 · Apr 2023April 2023 | ||
| 315 | 2-bed | 1,280 sqft | AED 1.65MAED 1,650,000 · Dec 2024December 2024 | 250,000 /yr | |
| 317 | 1-bed | 947 sqft | AED 860KAED 860,000 · Jan 2023January 2023 | ||
| 318 | Studio | 479 sqft | AED 500KAED 500,000 · Aug 2022August 2022 | ||
| 319 | 1-bed | 954 sqft | AED 1.12MAED 1,120,000 · Apr 2026April 2026 | ||
| 320 | 1-bed | 955 sqft | AED 1.11MAED 1,110,000 · Mar 2025March 2025 | 115,000 /yr | |
| 321 | 1-bed | 815 sqft | AED 850KAED 850,000 · Jun 2023June 2023 | ||
| 322 | 1-bed | 807 sqft | AED 725KAED 725,200 · Mar 2023March 2023 | 60,000 /yr | |
| 323 | Studio | 426 sqft | AED 700KAED 700,000 · Feb 2026February 2026 | ||
| 324 | 1-bed | 789 sqft | AED 685KAED 685,440 · Oct 2022October 2022 | 60,000 /yr |
316, 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 May 2024 on 5 Ejari contracts, from AED 54,000 to AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2023 price is 7.9%.
- 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 16 May 2026.
Questions about 316, Nicholas Residence
What did unit 316 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 316?
AED 46,000 a year on the contract signed on 16 May 2026. The previous contract, from November 2025, was AED 55,000; the unit has been rented since May 2024.
How big is unit 316?
473 sqft (43.9 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.
What is unit 316 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 316, 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 →