Unit 401, Elegance by Chaimaa: what it sold for and what it is worth now

Unit 401 at Elegance by Chaimaa is a 2 bed of 1,247 sq ft. It last sold for AED 1,200,000 on 12 Jul 2024. At AED 1,209 per sq ft, from 3 sales in the building in the last 12 months (2 bed), it is worth about AED 1,508,000 today.

Value todayAED 1,508,000AED 1,451,000 to AED 1,586,000
Last saleAED 1,200,00012 Jul 2024 · Off-plan
Change since last sale+25.7% 
Rent (median asking, 2 bed)AED 130,000Gross yield 8.6%
Bedrooms2 bed
Size1,247 sq ft
Floor4 (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 unit2

Every registered sale of unit 401

DatePriceSizeAED/sq ftType
12 Jul 2024AED 1,200,0001,247 sq ft962Off-plan
1 Mar 2024AED 1,141,6581,247 sq ft916Off-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
100123 May 2024AED 475,000436 sq ft1,089Off-plan
13011 Mar 2024AED 462,986424 sq ft1,092Off-plan
30122 Feb 2024AED 1,183,0221,237 sq ft956Off-plan
80118 Dec 2023AED 1,650,0001,258 sq ft1,312Off-plan

Latest 2 bed sales in Elegance by Chaimaa

UnitDatePriceSizeAED/sq ftType
80430 Jul 2026AED 1,800,0001,349 sq ft1,334Resale
70426 Jun 2026AED 1,520,0001,359 sq ft1,118Resale
20230 Apr 2026AED 1,525,0001,261 sq ft1,209Resale
140822 Jan 2026AED 1,310,5901,238 sq ft1,059Off-plan
140219 Jan 2026AED 1,625,0001,230 sq ft1,321Off-plan
12085 Jan 2026AED 1,525,0001,238 sq ft1,232Off-plan
14027 Feb 2025AED 1,207,6971,230 sq ft982Off-plan
110114 Nov 2024AED 1,680,0001,268 sq ft1,325Off-plan

How we worked out the value

We took the 3 sales in Elegance by Chaimaa in the last 12 months (2 bed), 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 (1,247 sq ft). The range uses the middle half of those sales (AED 1,164 to AED 1,272 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 401 at Elegance by Chaimaa worth?

About AED 1,508,000 (range AED 1,451,000 to AED 1,586,000), based on AED 1,209 per sq ft from registered sales up to 1 Oct 2026.

When did unit 401 last sell?

12 Jul 2024, for AED 1,200,000 (off-plan). It has 2 registered sales.

What rent can unit 401 make?

A 2 bed in Elegance by Chaimaa rents for about AED 130,000 a year (median asking rent). That is a gross yield of 8.6% on the estimate.

Sales alert for Elegance by ChaimaaAll sales in Elegance by Chaimaa

Unit 308 · Unit 402