408, Spica Residential
Sold prices and rental history: sold once, by the developer in October 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Spica Residential
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 March 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 4th of 4
- Parking
- B-65
- Developer
- Five Elements Real Estate Development
- Completed
- 2016
- Service charge
- AED 10,600 /yr
- Last sold
- AED 771K · October 2016
- Building
- Spica Residential
About 408, Spica Residential
408 is a one-bedroom apartment of 857 sqft on the 4th floor of Spica Residential, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2016 by Five Elements Real Estate Development. The developer sold it on 4 October 2016 for AED 770,812, or AED 899 per sqft, in line with the AED 898 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 15 March 2026, is AED 65,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 10,600 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Spica Residential, and where 408 sits
All 47 1-beds →408 last sold in October 2016 at AED 899 per sqft, in line with what one-beds in Spica Residential were fetching at the time (AED 898). Over the last 12 months one-beds sold for AED 775,000 to 790,000, around AED 879 per sqft, and rent for AED 52,778 to 88,000 a year. 408's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 881 sqft | 775,000 | 879 | ||
| 23 Apr 202623 April 2026 | 899 sqft | 790,000 | 878 | ||
| 7 May 20257 May 2025 | 1,024 sqft | 770,000 | 752 | ||
| 30 Jan 202530 January 2025 | 881 sqft | 940,600 | 1,067 |
Spica Residential
Building74 apartments, 1-bed to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2016 by Five Elements Real Estate Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 879
- Typical sale
- AED 1.2M
- Typical rent
- AED 62K /yr
- Typical yield
- 7.0%
Other units on the 4th floor
All 74 units in Spica Residential| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,060 sqft | No registered sale | 62,000 /yr | |
| 403 | 2-bed | 1,276 sqft | AED 715KAED 715,000 · Mar 2023March 2023 | 47,000 /yr | |
| 405 | 1-bed | 1,024 sqft | AED 700KAED 700,000 · Jan 2023January 2023 | 70,000 /yr | |
| 406 | 2-bed | 2,064 sqft | AED 835KAED 835,000 · Apr 2019April 2019 | ||
| 407 | 1-bed | 1,087 sqft | No registered sale | 61,000 /yr | |
| 411 | 1-bed | 1,024 sqft | AED 770KAED 770,000 · May 2025May 2025 | 49,450 /yr | |
| 412 | 1-bed | 1,055 sqft | No registered sale | 58,000 /yr | |
| 414 | 2-bed | 1,345 sqft | AED 1.2MAED 1,200,000 · Jan 2025January 2025 | 59,000 /yr | |
| 417 | 1-bed | 858 sqft | AED 772KAED 771,532 · Oct 2016October 2016 | 65,000 /yr | |
| 420 | 1-bed | 1,060 sqft | No registered sale | 52,500 /yr | |
| 421 | 2-bed | 1,592 sqft | AED 1.19MAED 1,190,000 · Jul 2024July 2024 | 63,000 /yr |
408, Spica Residential in numbers
- Sold once: by Five Elements Real Estate Development on 4 October 2016 for AED 770,812, or AED 899 per sqft.
- Rented since March 2018 on 8 Ejari contracts. The rent fell from AED 68,000 to AED 40,000 in 2020 and recovered to AED 65,000 by March 2026.
- At AED 65,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 10,600 a year (AED 12.33 per sqft).
- One-beds in Spica Residential sold for AED 775,000–790,000 in the 12 months to November 2026; the building's median across all types is AED 879 per sqft.
Source: Dubai Land Department. Updated 15 March 2026.
Questions about 408, Spica Residential
What did unit 408 last sell for?
AED 770,812 on 4 October 2016, sold by the developer: AED 899 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 65,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 55,000; the unit has been rented since March 2018.
How big is unit 408?
857 sqft (79.6 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower completed in 2016.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Spica Residential sold for AED 775,000 to 790,000 in the last 12 months, around AED 879 per sqft.
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Mortgage on 408, Spica Residential
Starts from the last sale price (AED 771K, 4 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 770,812
- Deposit, UAE resident (20%)
- AED 154,162
- Deposit, non-resident (40%)
- AED 308,325
- Monthly over 25 years at 3.7%
- AED 3,154
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →