Unit 1301, Elegance by Chaimaa: what it sold for and what it is worth now

Unit 1301 at Elegance by Chaimaa is a studio of 424 sq ft. It last sold for AED 462,986 on 1 Mar 2024. At AED 1,438 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 610,000 today.

Value todayAED 610,000AED 539,000 to AED 663,000
Last saleAED 462,9861 Mar 2024 · Off-plan
Change since last sale+31.8% 
Rent (median asking, studio)AED 60,000Gross yield 9.8%
Bedroomsstudio
Size424 sq ft
Floor13 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingElegance by Chaimaa by Chaimaa Holding, handed over 2025
Registered sales of this unit1

Every registered sale of unit 1301

DatePriceSizeAED/sq ftType
1 Mar 2024AED 462,986424 sq ft1,092Off-plan

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2011 Jun 2025AED 465,578432 sq ft1,078Off-plan
50110 Dec 2024AED 485,118432 sq ft1,123Off-plan
110114 Nov 2024AED 1,680,0001,268 sq ft1,325Off-plan
90122 Oct 2024AED 469,728439 sq ft1,070Off-plan
40112 Jul 2024AED 1,200,0001,247 sq ft962Off-plan
100123 May 2024AED 475,000436 sq ft1,089Off-plan
4011 Mar 2024AED 1,141,6581,247 sq ft916Off-plan
30122 Feb 2024AED 1,183,0221,237 sq ft956Off-plan

Latest studio sales in Elegance by Chaimaa

UnitDatePriceSizeAED/sq ftType
10091 Oct 2026AED 640,000445 sq ft1,438Resale
2011 Jun 2025AED 465,578432 sq ft1,078Off-plan
80511 Apr 2025AED 845,000725 sq ft1,166Off-plan
120529 Jan 2025AED 845,000725 sq ft1,166Off-plan
50110 Dec 2024AED 485,118432 sq ft1,123Off-plan
90122 Oct 2024AED 469,728439 sq ft1,070Off-plan
7057 Oct 2024AED 770,000725 sq ft1,062Off-plan
14093 Jun 2024AED 467,542445 sq ft1,051Off-plan

How we worked out the value

We took the 7 sales in Elegance by Chaimaa in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,438). We multiplied it by the size of this unit (424 sq ft). The range uses the middle half of those sales (AED 1,272 to AED 1,565 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 1 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1301 at Elegance by Chaimaa worth?

About AED 610,000 (range AED 539,000 to AED 663,000), based on AED 1,438 per sq ft from registered sales up to 1 Oct 2026.

When did unit 1301 last sell?

1 Mar 2024, for AED 462,986 (off-plan). It has 1 registered sale.

What rent can unit 1301 make?

A studio in Elegance by Chaimaa rents for about AED 60,000 a year (median asking rent). That is a gross yield of 9.8% on the estimate.

Sales alert for Elegance by ChaimaaAll sales in Elegance by Chaimaa

Unit 1208 · Unit 1302