Nicholas Residence rents
- 23 new leases and 5 renewals in 12 months
- 91 units
- Jumeirah Village Circle
- near Dubai Internet City
A studio here leases for about AED 54,500 a year, 9% above the typical Jumeirah Village Circle studio.
Studio · typical new lease
54,500AEDa year
AED 115/sqft
- A month, roughly
- AED 4,542
- vs Jumeirah Village Circle studio
- 9% above the median
- New leases, 12 months
- 14
What should a lease in Nicholas Residence cost?A studio leases for about AED 54,500 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Jumeirah Village Circle median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
The typical new lease here now costs 10.4% less than a year earlier: AED 60,000 against 67,000.
Chart data, Studio: Apr 2023, AED 46,000; latest, Oct 2026, AED 51,000; peak, Jan 2026, AED 98,855.
28 contracts starting on or after 12 Oct 2025.
About Nicholas ResidenceA 6-floor tower in Jumeirah Village Circle, a 19-minute drive from Dubai Marina
Nicholas Residence is an apartment building completed in 2023 by Segrex in Jumeirah Village Circle. 28 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Service charge
- Paid by the landlord · AED 13.89/sqft a year
- Floors
- 6
- Lifts
- 2
- Parking bays
- 103
- Pools
- 1
- Master developer
- Segrex
Drive times · typical
- Downtown
- 23 min · 22 km
- DXB Airport
- 25 min · 30 km
- DIFC
- 20 min · 25 km
- Dubai Marina
- 19 min · 15 km
- Palm Jumeirah
- 25 min · 20 km
Nearest, as registered
- Metro
- Dubai Internet City
- Mall
- Mall of the Emirates
- Landmark
- Sports City Swimming Academy
Letting a unit in Nicholas Residence?31% of units here signed a yearly lease in 12 months, below the Jumeirah Village Circle median
- Units on a yearly lease
- 31%Watch
- Jumeirah Village Circle median 38%; top tenth from 64%
- Short-let instead, studio
- AED 346
- a night on Airbnb; nets 1.2× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Nicholas Residence sale prices →Comparables in Jumeirah Village Circle
Every Jumeirah Village Circle building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Nicholas Residence places 19th of 206; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Nicholas Residence.
At studio, Nicholas Residence ranks 65th of 160 by rent per square foot and 67th of 104 by gross yield in Jumeirah Village Circle.
Market context in Jumeirah Village Circle
Registered sales activity
4,341 ready apartment sales in the 12 months to 2026-10-12.
+4.3% in median AED/sqft versus the preceding year, supported by 4,341 current and 5,371 prior price observations.
Explore sales activityPlanned apartment projects
7,847 known registered units across 37 pending projects planned within one year of the 2026-07-06 register.
29 projects had already passed their planned date; 16 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
15,281 apartments are planned in Jumeirah Village Circle from 2026 to 2028, equal to 54% of the 28,561 homes let there today.
Ready prices per sqft fell in 50% of 195 buildings (counted once per bedroom type) in Jumeirah Village Circle with sales in both years; the typical one moved −0.2%.
The pooled median moved +4.3%: 4.5 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 66% of 226 buildings (counted once per bedroom type) with leases in both years; the typical one moved −3.5%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
More from Segrex
Nearby in Jumeirah Village Circle
Prices per sq ft around Nicholas Residence, on the mapPrices per sq ft around Nicholas Residence, on the map
Luma Park Views
Jumeirah Village Circle · 390 contracts, 12 months
85,000
AED a year median · 97/sqft
Bloom Towers C
Jumeirah Village Circle · 376 contracts, 12 months
60,000
AED a year median · 111/sqft
Bloom Towers B
Jumeirah Village Circle · 376 contracts, 12 months
60,000
AED a year median · 111/sqft
Bloom Towers A
Jumeirah Village Circle · 376 contracts, 12 months
60,000
AED a year median · 111/sqft
Ask about Nicholas Residence
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We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a studio in Nicholas Residence?
- The median new annual rent is AED 54,500, from 14 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- How many apartments change hands in Nicholas Residence?
- 7 sales were registered with the Dubai Land Department in the last 12 months, alongside 14 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Nicholas Residence?
- Dubai Internet City, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Mall of the Emirates.
- What is the rental yield in Nicholas Residence?
- Nicholas Residence returns 7.8% gross: a median new-contract rent of AED 54,500 a year (14 Ejari contracts in 12 months) over a price benchmark of AED 700,000 (median of 7 sales in the last 12 months, latest Feb 2026), before service charge, agency fees or vacant months.
- How much does a studio in Nicholas Residence cost?
- The median registered sale price is AED 700,000 (1,421 AED/sqft), from 7 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
For agents
Send this page to a client as a branded report
Nicholas Residence rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 14 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Cite as: Dubai Wealth Index. “Nicholas Residence rents and yield.” Jumeirah Village Circle, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/jumeirah-village-circle/nicholas-residence
Stable dataJSON