1016, Chaimaa Avenue 2
Sold prices and rental history: sold once, by the developer in February 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1016, Chaimaa Avenue 2
What is 1016 worth today?
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Source: Dubai Land Department. Updated 4 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 511 sqft
- Floor
- 1st of 5
- Parking
- 1
- Developer
- Deval Real Estate Development
- Completed
- 2022
- Last sold
- AED 524K · February 2022
- Building
- Chaimaa Avenue 2
About 1016, Chaimaa Avenue 2
1016 is a studio of 511 sqft on the 1st floor of Chaimaa Avenue 2, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2022 by Deval Real Estate Development . The developer sold it on 3 February 2022 for AED 524,223, or AED 1,026 per sqft, 8% above the AED 950 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 4 June 2025, is AED 66,000 a year: a gross yield of 12.6% on the 2022 price.
Sales and rents for 1016 over time
1016 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Chaimaa Avenue 2, and where 1016 sits
All 18 studios →1016 last sold in February 2022 at AED 1,026 per sqft, 8% above what studios in Chaimaa Avenue 2 were fetching at the time (AED 950). 1016's AED 66,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jan 202510 January 2025 | 462 sqft | 640,000 | 1,384 | ||
| 20 Nov 202420 November 2024 | 461 sqft | 660,000 | 1,431 | ||
| 14 May 202414 May 2024 | 461 sqft | 645,000 | 1,397 | ||
| 1 Dec 20231 December 2023 | 462 sqft | 640,000 | 1,384 |
Chaimaa Avenue 2
Building91 apartments, studios to 3-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2022 by Deval Real Estate Development . 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,071
- Typical sale
- AED 1.08M
- Typical rent
- AED 74K /yr
- Typical yield
- 8.6%
Other units on the 1st floor
All 91 units in Chaimaa Avenue 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Studio | 726 sqft | AED 515KAED 514,500 · Dec 2021December 2021 | 57,000 /yr | |
| 1002 | 2-bed | 1,553 sqft | AED 1.5MAED 1,500,000 · May 2023May 2023 | ||
| 1003 | 2-bed | 1,540 sqft | AED 900KAED 900,000 · May 2024May 2024 | ||
| 1004 | 2-bed | 1,356 sqft | AED 1.65MAED 1,650,000 · May 2025May 2025 | ||
| 1005 | 1-bed | 809 sqft | AED 813KAED 813,400 · Dec 2021December 2021 | 70,000 /yr | |
| 1006 | 1-bed | 803 sqft | AED 980KAED 980,000 · May 2025May 2025 | 80,000 /yr | |
| 1007 | 1-bed | 799 sqft | AED 802KAED 802,000 · Dec 2021December 2021 | 80,000 /yr | |
| 1008 | 1-bed | 799 sqft | AED 780KAED 780,000 · May 2022May 2022 | 75,000 /yr | |
| 1009 | 1-bed | 799 sqft | AED 772KAED 771,750 · Dec 2021December 2021 | 75,000 /yr | |
| 1010 | 1-bed | 800 sqft | AED 803KAED 802,620 · Feb 2022February 2022 | 65,000 /yr | |
| 1011 | 1-bed | 868 sqft | AED 1.01MAED 1,005,000 · Jan 2026January 2026 | 88,000 /yr | |
| 1012 | 1-bed | 780 sqft | AED 767KAED 766,500 · Jan 2022January 2022 | 62,000 /yr | |
| 1013 | 1-bed | 800 sqft | AED 802KAED 802,000 · Jan 2022January 2022 | 75,000 /yr | |
| 1014 | 1-bed | 799 sqft | AED 802KAED 801,694 · Dec 2021December 2021 | 58,000 /yr | |
| 1015 | 1-bed | 777 sqft | AED 796KAED 795,765 · Jan 2022January 2022 | 85,000 /yr | |
| 1017 | 1-bed | 870 sqft | AED 735KAED 735,000 · Jan 2022January 2022 | ||
| 1018 | 1-bed | 871 sqft | AED 920KAED 920,000 · Apr 2023April 2023 | 100,000 /yr |
1016, Chaimaa Avenue 2 in numbers
- Sold once: by Deval Real Estate Development on 3 February 2022 for AED 524,223, or AED 1,026 per sqft.
- Rented since June 2023 on 5 Ejari contracts, from AED 56,400 to AED 66,000 a year.
- At AED 66,000 a year the gross yield on the 2022 price is 12.6%.
Source: Dubai Land Department. Updated 4 June 2025.
Questions about 1016, Chaimaa Avenue 2
What did unit 1016 last sell for?
AED 524,223 on 3 February 2022, sold by the developer: AED 1,026 per sqft for 511 sqft. It is the only registered sale of the unit.
What is the rent for unit 1016?
AED 66,000 a year on the contract renewed on 4 June 2025. The previous contract, from June 2025, was AED 66,000; the unit has been rented since June 2023.
How big is unit 1016?
511 sqft (47.5 sqm): a studio on the 1st floor of a 5-storey tower completed in 2022.
What is unit 1016 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1016, Chaimaa Avenue 2
Starts from the last sale price (AED 524K, 3 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 524,223
- Deposit, UAE resident (20%)
- AED 104,845
- Deposit, non-resident (40%)
- AED 209,689
- Monthly over 25 years at 3.7%
- AED 2,145
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →