Elegance by Chaimaa Holding, JVC
Elegance by Chaimaa Holding is a residential apartment building in JVC District 18, Jumeirah Village Circle, developed by Chaimaa Holding through its subsidiary, Deval Real Estate Development. Complete and ready for move-in since late 2024/2025, it comprises a mix of studio, one- and two-bedroom apartments. It is a separate, unrelated project from Elegance Tower in Downtown Dubai's Old Town district, which shares only part of the name. Royale Stays manages short-term rental listings across JVC for a fee starting from 15%.
Developer
Chaimaa Holding (Deval Real Estate Development)
District
JVC District 18
Unit mix
Studio, 1BR, 2BR apartments
Status
Complete (handover 2024/2025)
About Elegance by Chaimaa Holding
Elegance by Chaimaa Holding is a residential apartment building in JVC District 18, Jumeirah Village Circle, developed by Chaimaa Holding through its subsidiary, Deval Real Estate Development. Construction began in November 2022. The building is complete and actively trading on the open market today: Dubai Land Department sale and mortgage transactions run through August 2026, and reported handover falls in late 2024, with one source citing final completion by 2025, both figures reflecting the same real, finished project rather than a genuine dispute. The building comprises a mix of studio, one-bedroom and two-bedroom apartments; no larger unit types are offered.
Elegance by Chaimaa Holding should not be confused with Elegance Tower, a separate, unrelated residential building in Downtown Dubai's Old Town district. The two buildings share only part of a name; they sit in different areas of the city and have no connection to each other or to Chaimaa Holding.
One Dubai real-estate research platform lists the building as a 19-storey tower with one basement level. Royale Stays was not able to independently corroborate the exact storey count from a second source, so it is noted here for context rather than asserted as a confirmed fact.
Location & Nearby Landmarks
Elegance by Chaimaa Holding sits in JVC District 18, part of Jumeirah Village Circle, one of Dubai's established, centrally located freehold districts with direct access to Al Khail Road and Sheikh Zayed Road. The developer's own project materials place the building roughly 30 minutes from Dubai International Airport by car.
Elegance by Chaimaa Holding joins Royale Stays' wider JVC District 18 Building Guide cluster alongside DAMAC Ghalia, Binghatti Heights, Bloom Towers B and Binghatti Amber, all within the same JVC sub-district.
Unit Types
Elegance by Chaimaa Holding offers a mix of studio, one-bedroom and two-bedroom apartments. Live marketplace listings and recent Dubai Land Department transactions show individual unit sizes ranging from around 715 sq ft for a one-bedroom up to roughly 1,359 sq ft for a two-bedroom, based on currently listed and recently transacted units rather than a single official size table. Royale Stays has not independently verified a complete unit-by-unit size breakdown, so owners should confirm their own unit's exact layout with building management.
Amenities
Amenities at Elegance by Chaimaa Holding include a swimming pool and jacuzzi, a fully equipped gym, a children's play area, barbecue and social zones, landscaped gardens, 24-hour security and CCTV, and covered parking. Additional building-wide amenities reported include a clubhouse, a multi-purpose room, a yoga pavilion, a juice bar, tennis courts and a mosque within the community.
Transportation & Access
Elegance by Chaimaa Holding has no metro station of its own. The nearest operating stations are Mall of the Emirates Metro and Dubai Internet City Metro, both on the Red Line, a drive away rather than walking distance, and RTA bus routes serve JVC’s internal road network. A planned Blue Line extension with a JVC-area station has been discussed for the late 2020s, but this remains a future development rather than a current transport option.
Rental & Price Trends
Live PropertyFinder listings for Elegance by Chaimaa Holding (September 2026) show an asking-price range of roughly AED 950,000 to AED 1.85 million, with an average of about AED 1.2 million and an average price per square foot of around AED 1,300, across the building’s studio, one- and two-bedroom apartments. Dubai Land Department transaction records corroborate this range: two-bedroom sale and mortgage transactions recorded between June and August 2026 ranged from AED 1.22 million to AED 1.8 million, or roughly AED 895 to AED 1,330 per square foot.
Owners weighing a long-term lease against short-term letting can model both scenarios with the Dubai Property ROI Calculator, using their own unit’s purchase price and size against current JVC market figures.
STR Income Potential
Royale Stays does not yet manage a unit specifically inside Elegance by Chaimaa Holding, so no building-specific income figures exist. Based on Royale Stays’ own managed JVC portfolio (8 source properties across nearby JVC buildings), studio units average around AED 339 per night at 88% occupancy (about AED 9,202 per month), one-bedroom units average around AED 432 per night at 85% occupancy (about AED 11,344 per month), and two-bedroom units average around AED 750 per night at 88% occupancy (about AED 20,400 per month). Every short-term rental in Dubai requires a DTCM holiday-home permit, which a management company can arrange on an owner’s behalf, including for owners based overseas.
For a full breakdown of how Royale Stays structures Airbnb property management across Dubai, including furnishing, photography, pricing, guest communication and maintenance, owners can review the full services breakdown or submit their property for a free earnings estimate.
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