408, Nicholas Residence
Sold prices and rental history: sold 3 times, last in October 2025, 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 408, Nicholas Residence
What is 408 worth today?
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Source: Dubai Land Department. Updated 8 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 3,232 sqft
- Floor
- 4th of 4
- Parking
- B-48
- Developer
- Segrex Development
- Completed
- 2023
- Last sold
- AED 1.85M · October 2025
- Building
- Nicholas Residence
About 408, Nicholas Residence
408 is a two-bedroom apartment of 3,232 sqft on the 4th floor of Nicholas Residence, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Segrex Development . It last sold on 7 October 2025 for AED 1,850,000, or AED 572 per sqft, in line with the AED 572 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 8 October 2025. The current contract, signed on 8 October 2025, is AED 300,000 a year: a gross yield of 16.2% on the 2025 price.
Sales and rents for 408 over time
408 has sold 3 times; the dashed line is the two-bed median of each year in the building.
2-beds in Nicholas Residence, and where 408 sits
All 8 2-beds →408 last sold in October 2025 at AED 572 per sqft, in line with what two-beds in Nicholas Residence were fetching at the time (AED 572).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202521 October 2025 | 2,771 sqft | 1,850,000 | 667 | ||
| 12 Dec 202412 December 2024 | 1,280 sqft | 1,650,000 | 1,289 | ||
| 12 Nov 202412 November 2024 | 2,771 sqft | 1,000,000 | 360 | ||
| 7 Nov 20247 November 2024 | 1,280 sqft | 1,060,000 | 828 |
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 4th floor
All 91 units in Nicholas Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 759 sqft | AED 728KAED 728,280 · Oct 2022October 2022 | 60,000 /yr | |
| 402 | Studio | 466 sqft | AED 480KAED 480,000 · Mar 2023March 2023 | ||
| 403 | 1-bed | 907 sqft | AED 806KAED 806,000 · Oct 2023October 2023 | ||
| 404 | 1-bed | 846 sqft | AED 1.03MAED 1,030,000 · Oct 2023October 2023 | 72,000 /yr | |
| 405 | Studio | 431 sqft | AED 580KAED 580,000 · Mar 2023March 2023 | 53,000 /yr | |
| 406 | 1-bed | 815 sqft | AED 803KAED 803,250 · Oct 2022October 2022 | ||
| 407 | 2-bed | 2,771 sqft | AED 1.85MAED 1,850,000 · Oct 2025October 2025 | 320,000 /yr | |
| 409 | 2-bed | 3,046 sqft | AED 1.2MAED 1,200,000 · Jun 2023June 2023 | ||
| 410 | 3-bed | 3,872 sqft | AED 1.35MAED 1,350,000 · Aug 2023August 2023 | 170,000 /yr | |
| 411 | 2-bed | 2,781 sqft | AED 1.2MAED 1,200,000 · Jun 2023June 2023 | ||
| 412 | 2-bed | 2,901 sqft | AED 1.2MAED 1,200,000 · Jun 2023June 2023 | ||
| 413 | 1-bed | 815 sqft | AED 1.13MAED 1,130,000 · Aug 2025August 2025 | ||
| 414 | 1-bed | 777 sqft | AED 749KAED 748,800 · Sep 2022September 2022 | ||
| 415 | Studio | 467 sqft | AED 533KAED 533,300 · Dec 2022December 2022 | 53,000 /yr | |
| 416 | 1-bed | 791 sqft | AED 685KAED 685,440 · Oct 2022October 2022 | 60,000 /yr |
408, Nicholas Residence in numbers
- Sold 3 times: first on 2 September 2021 for AED 1,200,000, last on 7 October 2025 for AED 1,850,000 (AED 572 per sqft).
- Rented since October 2025 on one Ejari contract, at AED 300,000 a year.
- At AED 300,000 a year the gross yield on the 2025 price is 16.2%.
Source: Dubai Land Department. Updated 8 October 2025.
Questions about 408, Nicholas Residence
What did unit 408 last sell for?
AED 1,850,000 on 7 October 2025: AED 572 per sqft for 3,232 sqft. The unit has 3 registered sales; the first was AED 1,200,000 in September 2021.
What is the rent for unit 408?
AED 300,000 a year on the contract signed on 8 October 2025.
How big is unit 408?
3,232 sqft (300.3 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2023.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 408, Nicholas Residence
Starts from the last sale price (AED 1.85M, 7 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →