License expires Sep 2026
DEVAL REAL ESTATE DEVELOPMENT L.L.C
License #742542 · Registered 2016 · 60% avg completion
01Developer verdict
BUY
3 completed, 2 under construction. Verify delivery history before committing. Average yield 9.9%. Best performer: Elegance by Chaimaa Holding (#286). License renewal due Sep 2026 — verify before committing to under-construction projects.
Top projects by rank: Elegance by Chaimaa Holding (#286), Chaimaa Avenue 2 (#484), Chaimaa Avenue (#538)
02Key numbers
Total projects
5
DLD registered
Completed
3
60% done
Under construction
2
in progress
Avg yield
9.9%
on par / above
Sales (12m)
40
transactions
Rent contracts (12m)
172
strong demand
Occupancy
37%
172 / 466 units
03Portfolio breakdown
5
projects
Completed3
Under construction2
Pending0
Recent completion track record
CHAIMAA PREMIEREfinished
Chaimaa Avenuefinished
Chaimaa Avenue 2finished
Elegance by Chaimaa Holding2024
—in progress
04Risk assessment
caution
License expires before handover
License #742542 expires Sep 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| Elegance by Chaimaa HoldingactiveAl Barsha South Fourth | #286 | 10.9% | — | — | 12.378 | Analyze project → |
| Chaimaa Avenue 2finishedAl Barsha South Fourth | #484 | 10.3% | — | — | 10.402 | Analyze project → |
| Chaimaa AvenuefinishedAl Barsha South Fourth | #538 | 9.3% | — | — | 9.764 | Analyze project → |
| CHAIMAA PREMIEREfinishedAl Barsha South Fourth | #1569 | 7.1% | — | — | 10.119 | Analyze project → |
| —activeWadi Al Safa 3 | — | — | — | — | 0 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #742542 expires Sep 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
DEVAL REAL ESTATE DEVELOPMENT L.L.C has 3 completed projects. Completed projects carry lower developer risk than off-plan.
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