Nicholas Residence, JVC
Nicholas Residence is a freehold residential development in JVC District 12, developed by Segrex Development. Royale Stays manages JVC short-term rentals from a fee starting from 15%.
Developer
Segrex Development
Storeys
5 (+1 basement level)
Completed
January 2023
Unit types
Studio, 1 & 2 bedroom
About Nicholas Residence
Nicholas Residence is a freehold residential development in JVC District 12, Jumeirah Village Circle, developed by Segrex Development. Construction began in September 2019, and the five-storey building, plus one basement level used for parking, was completed by January 2023. Nicholas Residence offers a mix of studio, one- and two-bedroom apartments, with unit sizes running from around 470 square feet for the smallest studios up to roughly 1,300 square feet for larger two-bedroom layouts.
Unusually for a recently-completed JVC building, individual owners at Nicholas Residence are already offering short-term stays through platforms including Airbnb and Booking.com, alongside the building's established long-term rental and resale market.
Location & Nearby Landmarks
Nicholas Residence sits in JVC District 12, part of Jumeirah Village Circle, one of Dubai's larger master-planned freehold communities. The building's JVC location gives reasonably quick road access to Sheikh Zayed Road and Al Khail Road, putting Dubai Marina, Downtown Dubai and Business Bay all within a manageable drive.
Nicholas Residence joins Royale Stays' wider JVC Building Guide cluster alongside Diamond Views 4, Hyati Residence and Belgravia 2, other freehold JVC buildings Royale Stays covers.
Unit Types
Nicholas Residence offers studio, one- and two-bedroom apartments, with sizes running from around 470 square feet for the smallest studios up to roughly 1,300 square feet for larger two-bedroom layouts, based on publicly available listing and transaction data. Studio units have been listed from around AED 745,000. Royale Stays has not confirmed a full per-layout floor plan breakdown for every unit type, so this guide describes the overall unit mix rather than an exact inventory. No floor plan diagrams are included here: floor plans are typically the developer's or broker's proprietary material and aren't reproduced here.
Amenities
Amenities at Nicholas Residence include a swimming pool, a gymnasium or fitness centre, and a children's play area, along with covered parking and 24-hour security. Apartments come with fully equipped kitchens and private balconies.
Transportation & Access
Nicholas Residence's JVC District 12 location gives residents and guests road access to Al Khail Road and Sheikh Zayed Road, the two main arteries connecting Jumeirah Village Circle to the rest of Dubai. From here, Dubai Marina, Downtown Dubai and Business Bay are all a reasonable drive away, and Dubai International Airport and Al Maktoum International Airport are both accessible via Sheikh Zayed Road without needing to cross through the city centre. JVC does not have its own Metro station directly on-site, so most residents and guests rely on a car, taxi or ride-hailing app for door-to-door trips.
Rental & Price Trends
Royale Stays has not independently verified building-specific rental or resale price data for Nicholas Residence, so the figures referenced here describe JVC's broader area-level rental market rather than this development specifically. JVC is one of Dubai's higher-volume rental districts, particularly for studio, one-bedroom and two-bedroom stock, which matches Nicholas Residence's own apartment mix, and its relatively affordable entry price point compared with Marina, Downtown or JBR is a large part of why investor interest in the area has stayed strong. Public listings show studio units at Nicholas Residence starting from around AED 745,000, though achievable prices vary by unit, floor and finish.
Anyone evaluating a unit at Nicholas Residence specifically as an income property should treat area-level JVC figures as a starting reference point only and confirm actual achievable rates for this exact building and unit type before committing. Owners weighing a specific unit's earning potential can run their own numbers through Royale Stays' Dubai property ROI calculator.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Nicholas Residence, runs through a DTCM holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at Nicholas Residence would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays has identified individual units at Nicholas Residence already listed on short-term rental platforms including Airbnb and Booking.com, so there is existing owner-level demand for short-term letting at this specific building, though Royale Stays itself has not yet confirmed a managed listing there.
In Royale Stays' experience managing short-term rentals across JVC more broadly, well-presented studio and one-bedroom units in newer, amenity-equipped developments like Nicholas Residence tend to compete well in a district with strong renter demand, provided pricing, furnishing and presentation are handled properly. Royale Stays manages the full furnishing, photography, pricing, check-in and guest communications for owners at buildings like Nicholas Residence, from a management fee starting from 15%.
Existing STR activity noted above (Airbnb and Booking.com listings) reflects independent owner activity at this building, not a Royale Stays-managed listing.
Questions