What is the rental yield in Nicholas Residence?

Nicholas Residence returns 6.37% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 29 rental contracts registered in the last 24 months.

How much does a 1 bedroom in Nicholas Residence cost?

The median registered sale price is AED 920,000 (964 AED/sqft), from 15 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

Have prices in Nicholas Residence risen or fallen?

Median price per square foot moved +27.9% over the last 12 months against the 12 before it, on 15 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Nicholas Residence compare with Jumeirah Village Circle?

Its 6.37% gross yield sits -1.4 pts against the Jumeirah Village Circle median of 7.80%, computed at the same bedroom grain over the same 24-month window.

Does Nicholas Residence earn more short-let than long-let?

A night asks a median of AED 532, which models to 12.53% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 6.37% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Nicholas Residence — sale prices & yield | Jumeirah Village Circle, Dubai

Buy: 920,000AED; AED 964/sqft
Long-let: 6.37%; AED 72,000/yr
Short-let: 12.53%; AED 532/night · 0.56/sqft

Priced off the last 5 sales — most recent July 2026.

Yield spread: -1.4 pts; vs the Jumeirah Village Circle median for this unit type
AED/yr/sqft: AED 82
Sales: 15
Rental contracts: 29
Renewal rent: AED 70,950/yr

12 months: +27.9%
3 years: +34.2%+10.3%/yr

Based on 15 sales and 29 rental contracts in the last 24 months.

Nicholas Residence is an apartment building in Jumeirah Village Circle, Dubai. The closest metro station is Dubai Internet City, the nearest mall Mall of the Emirates and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2021 to 2026, 268 registered sales in all — the 15 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Nicholas Residence, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 700,000	1370	8.21% -0.2 pts	+6.1%	9
1 bed	AED 920,000	964	6.37% -1.4 pts	+27.9%	15
2 bed	AED 1.20M	668	—	-25.2%	7

Deltas compare each yield with the Jumeirah Village Circle median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Nicholas Residence

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	346	0.68	AED 76,799	AED 57,500	1.3×	10.97%	4+
1 bed500m	532	0.56	AED 115,256	AED 72,000	1.6×	12.53%	25+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Nicholas Residence itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in Nicholas Residence between 2021 and 2023 went for a median of AED 904/sqft (AED 792,540). The same building resells today at AED 1,126/sqft (AED 900,000) — an uplift of +13.6%.

Based on 36 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

13 resales in the last 12 months, against 32 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
2 Jul 2026	1 bed	929	AED 1,150,000	1,238

1 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
9 Aug 2026	1 bed	929	AED 50,000	54	New
1 Aug 2026	Studio	426	AED 53,000	124	Renewal
29 Jul 2026	1 bed	807	AED 60,000	74	Renewal
15 Jul 2026	1 bed	846	AED 72,000	85	New
12 Jul 2026	Studio	483	AED 60,000	124	New
6 Jul 2026	1 bed	807	AED 60,000	74	New
1 Jul 2026	2 bed	1,280	AED 250,000	195	New
1 Jul 2026	1 bed	955	AED 110,000	115	New
14 Jun 2026	1 bed	846	AED 84,000	99	New
9 Jun 2026	1 bed	969	AED 60,000	62	Renewal

10 contracts starting on or after 26 May 2026.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 6
Lifts: 2
Parking bays: 103
Swimming pools: 1

Nearby

Metro: Dubai Internet City
Mall: Mall of the Emirates
Landmark: Sports City Swimming Academy

Compare with nearby buildings

The most-traded buildings in Jumeirah Village Circle, on the same figures over the same window.

Highest rental yields in Jumeirah Village Circle · Nicholas Residence places 160th of 199

Common questions

What is the rental yield in Nicholas Residence?: Nicholas Residence returns 6.37% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 29 rental contracts registered in the last 24 months.
How much does a 1 bedroom in Nicholas Residence cost?: The median registered sale price is AED 920,000 (964 AED/sqft), from 15 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
Have prices in Nicholas Residence risen or fallen?: Median price per square foot moved +27.9% over the last 12 months against the 12 before it, on 15 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Nicholas Residence compare with Jumeirah Village Circle?: Its 6.37% gross yield sits -1.4 pts against the Jumeirah Village Circle median of 7.80%, computed at the same bedroom grain over the same 24-month window.
Does Nicholas Residence earn more short-let than long-let?: A night asks a median of AED 532, which models to 12.53% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 6.37% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Nicholas Residence