501, Waves Tower
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Waves Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 980 sqft
- Floor
- 5th of 16
- Parking
- B2-02
- Service charge
- AED 15,600 /yr
- Last sold
- AED 1.25M · August 2022
- Building
- Waves Tower
About 501, Waves Tower
501 is a one-bedroom apartment of 980 sqft on the 5th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 18 August 2022 for AED 1,250,000, or AED 1,276 per sqft, in line with the AED 1,294 one-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 April 2025, is AED 100,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 15,600 a year.
Sales and rents for 501 over time
501 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 501 sits
All 58 1-beds →501 last sold in August 2022 at AED 1,276 per sqft, in line with what one-beds in Waves Tower were fetching at the time (AED 1,294). 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. 501's AED 100,000 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 5th floor
All 160 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,433 sqft | AED 2.33MAED 2,329,999 · Sep 2022September 2022 | 160,000 /yr | |
| 503 | 2-bed | 1,428 sqft | AED 1.5MAED 1,500,000 · Oct 2023October 2023 | 175,000 /yr | |
| 504 | 1-bed | 839 sqft | AED 1.11MAED 1,110,000 · Jul 2022July 2022 | 95,000 /yr | |
| 505 | 1-bed | 830 sqft | AED 1.05MAED 1,050,823 · Aug 2022August 2022 | ||
| 506 | Studio | 442 sqft | AED 725KAED 725,000 · Sep 2022September 2022 | 67,000 /yr | |
| 507 | Studio | 487 sqft | AED 785KAED 785,000 · Oct 2022October 2022 | ||
| 508 | 1-bed | 1,020 sqft | AED 1.28MAED 1,277,778 · Sep 2022September 2022 | ||
| 510 | Studio | 429 sqft | AED 765KAED 765,000 · Aug 2022August 2022 | 60,000 /yr | |
| 511 | Studio | 418 sqft | AED 762KAED 762,000 · Aug 2022August 2022 | 52,500 /yr |
501, Waves Tower in numbers
- Sold once: by the developer on 18 August 2022 for AED 1,250,000, or AED 1,276 per sqft.
- Rented since October 2023 on 3 Ejari contracts, from AED 91,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 8.0%, 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 1 April 2025.
Questions about 501, Waves Tower
What did unit 501 last sell for?
AED 1,250,000 on 18 August 2022, sold by the developer: AED 1,276 per sqft for 980 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 100,000 a year on the contract signed on 1 April 2025. The previous contract, from October 2024, was AED 94,000; the unit has been rented since October 2023.
How big is unit 501?
980 sqft (91.0 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower.
What is unit 501 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 501, Waves Tower
Starts from the last sale price (AED 1.25M, 18 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →