Nicholas Residence

Five storeys by Segrex in JVC, handed over in 2023. Price per square foot is AED 1,160, at a size of about 970 square feet.

What it is

Nicholas Residence is a 5-storey Segrex Development residential building in Jumeirah Village Circle, handed over in 2023. The number of residences isn't listed in the building record.

Our own stock has one lot of about 970 square feet for AED 1.13 million, a price of AED 1,160/ft².

The same developer has Vitality Residence under construction in the district, 11 storeys and 165 residences.

Price per square foot by JVC project

Nicholas Residence sits 21% below the district's AED 1,474.

A handed-over building as a check on the developer

JVC in our database totals 276 lots, with a median of AED 1.24 million and a price of AED 1,474/ft².

Segrex is a small company, and Nicholas Residence is one of its completed projects. That's the best way to judge the developer before buying into its under-construction Vitality Residence.

Look at the finish of common areas three years after handover, the performance of the management company, and the owners' association minutes — that's where unfinished work surfaces.

That kind of check is more reliable than any render or promise, and it takes half a day.

Propsearch building record: 5 storeys, developer Segrex Development, handed over 2023. Our stock as of 28 August 2026: the project's lot (size, price, price per square foot), figures for Vitality Residence, median and price per square foot for JVC.