Project
Nicholas Residence
Nicholas Residence is a five-storey residential building in JVC District 12, Jumeirah Village Circle, Dubai. A completed project of apartments in Jumeirah Village Circle, priced below the Jumeirah Village Circle median.
Small sample (6 sales): medians may move significantly with new data.
01 / Transactions
All Nicholas Residence transactions
02 / About
About Nicholas Residence
Nicholas Residence is a five-storey residential building in JVC District 12, Jumeirah Village Circle, Dubai.
Nicholas Residence at a glance
- Area
- JVC District 12
- Developer
- Segrex Development
- Architect
- The architectural consultant was Arec Engineering Consult
- Contractor
- The main building work was done by Grans Contracting
- Structure
- The substructure contains one basement level which is used for parking
Getting around
- Dubai Mall
- 21 min
- Palm Jumeirah
- 16 min
- Burj Al Arab
- 18 min
- The Walk JBR
- 21 min
Travel times are approximate driving estimates reported by the source and vary with route and traffic.
Construction and handover
Construction began in September 2019. The project was completed in Jan 2023.
- Construction Started
- September 2019
- Construction Finished
- January 2023
Nearby neighbourhoods
- Victory Heights1.6 km
- Sports City2.0 km
- Jumeirah Village Triangle2.6 km
- Arjan2.7 km
Nicholas Residence recorded 6 market sales from 9 Jan 2026 – 17 Sept 2026, at a median price of AED 1,005,000 (AED 1,243/sqft). Nicholas Residence's median price per sqft (AED 1,243/sqft) is 15% below the Jumeirah Village Circle median (AED 1,468/sqft).
03 / Prices
Nicholas Residence prices by bedrooms
Median prices of market sales by number of bedrooms.
| Bedrooms | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
Studio | 2 | 657.5K AED | 1,445 | |
1 bedroom | 4 | 1.11M AED | 1,206 |
04 / Rents
Renting in Nicholas Residence
Medians of the 2 market rents (one property, about a year) among 3 registered contracts. Gross yield: apartment rent per sqft against the sale price per sqft.
- Median rent / yr
- AED 51,000
- Per sqft / yr
- AED 98/sqft
- Gross yield
- —
Market pulse / weekly
Nicholas Residence price history
Weekly median of market sales (sales, mortgages and gifts are not mixed). Periods without sales are not shown.
Median sale price · AED
Registered market sales only
View data table
| Period | Sales | Median · AED | AED / sqft |
|---|---|---|---|
| Week of 5 Jan 2026Total AED 615,000 | 1 | AED 615,000 | AED 1,248/sqft |
| Week of 23 Feb 2026Total AED 700,000 | 1 | AED 700,000 | AED 1,641/sqft |
| Week of 13 Apr 2026Total AED 1,120,000 | 1 | AED 1,120,000 | AED 1,174/sqft |
| Week of 4 May 2026Total AED 920,000 | 1 | AED 920,000 | AED 964/sqft |
| Week of 29 Jun 2026Total AED 1,150,000 | 1 | AED 1,150,000 | AED 1,238/sqft |
| Week of 14 Sept 2026Total AED 1,090,000 | 1 | AED 1,090,000 | AED 1,351/sqft |
05 / Nearby
Other projects in Jumeirah Village Circle
Ranked by number of market sales.
| Project | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
| 582 | 1.19M AED | 2,254 | ||
| 253 | 1M AED | 1,485 | ||
03 | 233 | 1.02M AED | 1,452 | |
| 164 | 1.39M AED | 1,614 | ||
| 162 | 1.1M AED | 1,564 | ||
| 157 | 667.52K AED | 1,506 | ||
| 155 | 1.33M AED | 1,639 | ||
| 110 | 1.09M AED | 1,384 | ||
| 108 | 1.17M AED | 1,350 | ||
| 96 | 925K AED | 1,956 |
06 / Talk to us
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A registered project can include several buildings or phases, so these figures cover the whole project.