401, Waves Tower
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Waves Tower
What is 401 worth today?
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Source: Dubai Land Department. Updated 14 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 980 sqft
- Floor
- 4th of 16
- Parking
- B2-14
- Service charge
- AED 15,600 /yr
- Last sold
- AED 1.24M · August 2022
- Building
- Waves Tower
About 401, Waves Tower
401 is a one-bedroom apartment of 980 sqft on the 4th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 8 August 2022 for AED 1,242,313, or AED 1,268 per sqft, in line with the AED 1,289 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 14 September 2024, is AED 105,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 15,600 a year.
Sales and rents for 401 over time
401 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Waves Tower, and where 401 sits
All 58 1-beds →401 last sold in August 2022 at AED 1,268 per sqft, in line with what one-beds in Waves Tower were fetching at the time (AED 1,289). Over the last 12 months one-beds sold for AED 1,385,000, around AED 1,649 per sqft, and rent for AED 90,000 to 110,000 a year. 401's AED 105,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jun 202530 June 2025 | 839 sqft | 1,575,000 | 1,876 | ||
| 25 Nov 202425 November 2024 | 839 sqft | 1,450,000 | 1,727 | ||
| 13 Feb 202413 February 2024 | 830 sqft | 1,550,000 | 1,868 | ||
| 21 Dec 202321 December 2023 | 839 sqft | 1,400,000 | 1,667 |
Waves Tower
Building160 apartments, studios to 2-bed over 16 floors in Business Bay. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,649
- Typical sale
- AED 2.26M
- Typical rent
- AED 100K /yr
- Typical yield
- 7.2%
Other units on the 4th floor
All 160 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 2-bed | 1,433 sqft | AED 2.07MAED 2,069,728 · Aug 2022August 2022 | ||
| 403 | 2-bed | 1,428 sqft | AED 2.16MAED 2,160,000 · Oct 2022October 2022 | ||
| 404 | 1-bed | 839 sqft | AED 1.11MAED 1,112,000 · Jun 2022June 2022 | ||
| 405 | 1-bed | 830 sqft | AED 1.05MAED 1,046,112 · Sep 2022September 2022 | 92,000 /yr | |
| 406 | Studio | 442 sqft | AED 671KAED 670,946 · Jun 2022June 2022 | ||
| 407 | Studio | 487 sqft | AED 742KAED 742,000 · Sep 2022September 2022 | ||
| 408 | 1-bed | 1,020 sqft | AED 1.11MAED 1,114,000 · Sep 2022September 2022 | 110,000 /yr | |
| 409 | 2-bed | 1,580 sqft | AED 2.16MAED 2,155,000 · Nov 2022November 2022 | 120,000 /yr | |
| 410 | Studio | 429 sqft | AED 762KAED 762,000 · Sep 2022September 2022 | 65,000 /yr | |
| 411 | Studio | 418 sqft | AED 950KAED 950,000 · Jun 2025June 2025 | 37,448 /yr |
401, Waves Tower in numbers
- Sold once: by the developer on 8 August 2022 for AED 1,242,313, or AED 1,268 per sqft.
- Rented since September 2022 on 3 Ejari contracts, from AED 74,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 15,600 a year (AED 15.97 per sqft).
- One-beds in Waves Tower sold for AED 1,385,000–1,385,000 in the 12 months to November 2026; the building's median across all types is AED 1,649 per sqft.
Source: Dubai Land Department. Updated 14 September 2024.
Questions about 401, Waves Tower
What did unit 401 last sell for?
AED 1,242,313 on 8 August 2022, sold by the developer: AED 1,268 per sqft for 980 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 105,000 a year on the contract signed on 14 September 2024. The previous contract, from September 2023, was AED 74,000; the unit has been rented since September 2022.
How big is unit 401?
980 sqft (91.0 sqm): a one-bedroom apartment on the 4th floor of a 16-storey tower.
What is unit 401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Waves Tower sold for AED 1,385,000 to 1,385,000 in the last 12 months, around AED 1,649 per sqft.
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Mortgage on 401, Waves Tower
Starts from the last sale price (AED 1.24M, 8 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,242,313
- Deposit, UAE resident (20%)
- AED 248,463
- Deposit, non-resident (40%)
- AED 496,925
- Monthly over 25 years at 3.7%
- AED 5,083
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →