503, Waves Tower
Sold prices and rental history: sold once, by the developer in October 2023, and rented once, from January 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Waves Tower
What is 503 worth today?
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Source: Dubai Land Department. Updated 16 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,428 sqft
- Floor
- 5th of 16
- Parking
- B2-04
- Service charge
- AED 22,800 /yr
- Last sold
- AED 1.5M · October 2023
- Building
- Waves Tower
About 503, Waves Tower
503 is a two-bedroom apartment of 1,428 sqft on the 5th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 6 October 2023 for AED 1,500,000, or AED 1,050 per sqft, 26% below the AED 1,416 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 16 January 2025. The current contract, renewed on 16 January 2025, is AED 175,000 a year: a gross yield of 11.7% on the 2023 price, before the service charge of about AED 22,800 a year.
Sales and rents for 503 over time
503 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Waves Tower, and where 503 sits
All 39 2-beds →503 last sold in October 2023 at AED 1,050 per sqft, 26% below what two-beds in Waves Tower were fetching at the time (AED 1,416). Over the last 12 months two-beds sold for AED 2,260,000 to 2,450,000, around AED 1,611 per sqft, and rent for AED 145,000 to 160,000 a year. 503's AED 175,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jan 202626 January 2026 | 1,428 sqft | 2,260,000 | 1,582 | ||
| 26 Jan 202626 January 2026 | 1,433 sqft | 2,400,000 | 1,675 | ||
| 12 Jan 202612 January 2026 | 1,580 sqft | 2,450,000 | 1,551 | ||
| 9 Dec 20259 December 2025 | 1,433 sqft | 2,350,000 | 1,640 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 980 sqft | AED 1.25MAED 1,250,000 · Aug 2022August 2022 | 100,000 /yr | |
| 502 | 2-bed | 1,433 sqft | AED 2.33MAED 2,329,999 · Sep 2022September 2022 | 160,000 /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 |
503, Waves Tower in numbers
- Sold once: by the developer on 6 October 2023 for AED 1,500,000, or AED 1,050 per sqft.
- Rented since January 2025 on one Ejari contract, at AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2023 price is 11.7%, before a service charge of about AED 22,800 a year (AED 15.97 per sqft).
- Two-beds in Waves Tower sold for AED 2,260,000–2,450,000 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 16 January 2025.
Questions about 503, Waves Tower
What did unit 503 last sell for?
AED 1,500,000 on 6 October 2023, sold by the developer: AED 1,050 per sqft for 1,428 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 175,000 a year on the contract renewed on 16 January 2025.
How big is unit 503?
1,428 sqft (132.7 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower.
What is unit 503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Waves Tower sold for AED 2,260,000 to 2,450,000 in the last 12 months, around AED 1,611 per sqft.
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Mortgage on 503, Waves Tower
Starts from the last sale price (AED 1.5M, 6 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →