Unit 509, Elegance by Chaimaa: what it sold for and what it is worth now

Unit 509 at Elegance by Chaimaa is a studio of 445 sq ft. It last sold for AED 476,052 on 23 May 2024. At AED 1,438 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 640,000 today.

Value todayAED 640,000AED 566,000 to AED 696,000
Last saleAED 476,05223 May 2024 · Off-plan
Change since last sale+34.4% 
Rent (median asking, studio)AED 60,000Gross yield 9.4%
Bedroomsstudio
Size445 sq ft
Floor5 (from the unit number)
Position in the towerStack 09: units ending 09 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 509

DatePriceSizeAED/sq ftType
23 May 2024AED 476,052445 sq ft1,070Off-plan

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10091 Oct 2026AED 640,000445 sq ft1,438Resale
14093 Jun 2024AED 467,542445 sq ft1,051Off-plan
9091 Feb 2024AED 495,144445 sq ft1,113Off-plan
60928 Sep 2023AED 500,095445 sq ft1,124Off-plan
10094 Aug 2023AED 585,480445 sq ft1,316Off-plan
130911 Jul 2023AED 545,000445 sq ft1,225Off-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 (445 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 509 at Elegance by Chaimaa worth?

About AED 640,000 (range AED 566,000 to AED 696,000), based on AED 1,438 per sq ft from registered sales up to 1 Oct 2026.

When did unit 509 last sell?

23 May 2024, for AED 476,052 (off-plan). It has 1 registered sale.

What rent can unit 509 make?

A studio in Elegance by Chaimaa rents for about AED 60,000 a year (median asking rent). That is a gross yield of 9.4% on the estimate.

Sales alert for Elegance by ChaimaaAll sales in Elegance by Chaimaa

Unit 508 · Unit 601