Unit 405, Elegance by Chaimaa: what it sold for and what it is worth now

Unit 405 at Elegance by Chaimaa is a studio of 725 sq ft. It last sold for AED 650,424 on 1 Dec 2023. At AED 1,438 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 1,043,000 today.

Value todayAED 1,043,000AED 922,000 to AED 1,134,000
Last saleAED 650,4241 Dec 2023 · Off-plan
Change since last sale+60.4% 
Rent (median asking, studio)AED 60,000Gross yield 5.8%
Bedroomsstudio
Size725 sq ft
Floor4 (from the unit number)
Position in the towerStack 05: units ending 05 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 405

DatePriceSizeAED/sq ftType
1 Dec 2023AED 650,424725 sq ft897Off-plan

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20512 Dec 2025AED 976,250715 sq ft1,365Off-plan
80511 Apr 2025AED 845,000725 sq ft1,166Off-plan
120529 Jan 2025AED 845,000725 sq ft1,166Off-plan
140518 Oct 2024AED 1,350,0001,067 sq ft1,265Off-plan
7057 Oct 2024AED 770,000725 sq ft1,062Off-plan
130519 Mar 2024AED 961,5021,015 sq ft947Off-plan
2051 Mar 2024AED 758,382715 sq ft1,061Off-plan
140513 Feb 2024AED 870,0001,067 sq ft815Off-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 (725 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 405 at Elegance by Chaimaa worth?

About AED 1,043,000 (range AED 922,000 to AED 1,134,000), based on AED 1,438 per sq ft from registered sales up to 1 Oct 2026.

When did unit 405 last sell?

1 Dec 2023, for AED 650,424 (off-plan). It has 1 registered sale.

What rent can unit 405 make?

A studio in Elegance by Chaimaa rents for about AED 60,000 a year (median asking rent). That is a gross yield of 5.8% on the estimate.

Sales alert for Elegance by ChaimaaAll sales in Elegance by Chaimaa

Unit 404 · Unit 406