Unit 601, Elegance by Chaimaa: what it sold for and what it is worth now

Unit 601 at Elegance by Chaimaa is a studio of 438 sq ft. It last sold for AED 468,085 on 4 Oct 2023. At AED 1,438 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 630,000 today.

Value todayAED 630,000AED 557,000 to AED 685,000
Last saleAED 468,0854 Oct 2023 · Off-plan
Change since last sale+34.6% 
Rent (median asking, studio)AED 60,000Gross yield 9.5%
Bedroomsstudio
Size438 sq ft
Floor6 (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 601

DatePriceSizeAED/sq ftType
4 Oct 2023AED 468,085438 sq ft1,069Off-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
13011 Mar 2024AED 462,986424 sq ft1,092Off-plan
4011 Mar 2024AED 1,141,6581,247 sq ft916Off-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 (438 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 601 at Elegance by Chaimaa worth?

About AED 630,000 (range AED 557,000 to AED 685,000), based on AED 1,438 per sq ft from registered sales up to 1 Oct 2026.

When did unit 601 last sell?

4 Oct 2023, for AED 468,085 (off-plan). It has 1 registered sale.

What rent can unit 601 make?

A studio in Elegance by Chaimaa rents for about AED 60,000 a year (median asking rent). That is a gross yield of 9.5% on the estimate.

Sales alert for Elegance by ChaimaaAll sales in Elegance by Chaimaa

Unit 509 · Unit 602