Unit 1016, Chaimaa Avenue 2: what it sold for and what it is worth now

Unit 1016 at Chaimaa Avenue 2 is a studio of 510 sq ft. It last sold for AED 524,223 on 3 Feb 2022. At AED 1,209 per sq ft, from 16 sales in the building in the last 24 months, it is worth about AED 616,000 today.

Value todayAED 616,000AED 566,000 to AED 699,000
Last saleAED 524,2233 Feb 2022 · Off-plan
Change since last sale+17.5% 
Rent (median asking, studio)AED 54,999Gross yield 8.9%
Bedroomsstudio
Size510 sq ft
Floor10 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingChaimaa Avenue 2 by Chaimaa Holding, handed over 2022
Registered sales of this unit1

Every registered sale of unit 1016

DatePriceSizeAED/sq ftType
3 Feb 2022AED 524,223510 sq ft1,028Off-plan

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
201612 Jul 2023AED 610,000510 sq ft1,196Resale
401627 Apr 2023AED 900,000798 sq ft1,128Resale
40169 Feb 2022AED 728,000798 sq ft912Off-plan
501628 Jan 2022AED 710,000798 sq ft890Off-plan
201624 Jan 2022AED 484,659510 sq ft950Off-plan
301626 Dec 2021AED 484,659510 sq ft950Off-plan

Latest studio sales in Chaimaa Avenue 2

UnitDatePriceSizeAED/sq ftType
500910 Jan 2025AED 640,000462 sq ft1,385Resale
301220 Nov 2024AED 660,000461 sq ft1,432Resale
501014 May 2024AED 645,000461 sq ft1,399Resale
50091 Dec 2023AED 640,000462 sq ft1,385Resale
50129 Sep 2023AED 620,000509 sq ft1,218Resale
301228 Jul 2023AED 580,000461 sq ft1,258Resale
201612 Jul 2023AED 610,000510 sq ft1,196Resale
300111 May 2023AED 595,000570 sq ft1,044Resale

How we worked out the value

We took the 16 sales in Chaimaa Avenue 2 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,209). We multiplied it by the size of this unit (510 sq ft). The range uses the middle half of those sales (AED 1,109 to AED 1,370 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 14 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1016 at Chaimaa Avenue 2 worth?

About AED 616,000 (range AED 566,000 to AED 699,000), based on AED 1,209 per sq ft from registered sales up to 14 Sep 2026.

When did unit 1016 last sell?

3 Feb 2022, for AED 524,223 (off-plan). It has 1 registered sale.

What rent can unit 1016 make?

A studio in Chaimaa Avenue 2 rents for about AED 54,999 a year (median asking rent). That is a gross yield of 8.9% on the estimate.

Sales alert for Chaimaa Avenue 2All sales in Chaimaa Avenue 2

Unit 1015 · Unit 1017