Studio · 418 sqftWaves Tower, Business Bay · 5th floor

511, Waves Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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.

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Unit 511 · DLD and Ejari recordsUpdated 4 September 2023

Last soldAED 762K16 August 2022

Current rentAED 53K /yr4 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 511, Waves Tower

Today

What is 511 worth today?

Last sold for AED 762,000 in 2022

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4 Sep 2023

4 Sep 2023RentedNew contract

AED 52,500/yr12 months · AED 125 per sqft

5 Sep 2022

5 Sep 2022RentedNew contract

AED 50,000/yr12 months · AED 119 per sqft

16 Aug 2022

16 Aug 2022Sold by developerReady

AED 762,000AED 1,823 per sqft

Source: Dubai Land Department. Updated 4 September 2023.

Key facts

Type: Studio apartment
Size: 418 sqft
Floor: 5th of 16
Parking: B2-13
Service charge: AED 6,700 /yr
Last sold: AED 762K · August 2022
Building: Waves Tower

About 511, Waves Tower

511 is a studio of 418 sqft on the 5th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 16 August 2022 for AED 762,000, or AED 1,823 per sqft, 13% above the AED 1,616 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 4 September 2023, is AED 52,500 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 6,700 a year.

Sales and rents for 511 over time

Sales

Unit 511, each saleTypical studio in Waves Tower

511 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 511, each contractTypical studio in Waves Tower

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Waves Tower, and where 511 sits

All 59 studios →

Studios in Waves Tower · last 12 months1,984 /sqft Waves Tower · all types1,649 /sqft

511 last sold in August 2022 at AED 1,823 per sqft, 13% above what studios in Waves Tower were fetching at the time (AED 1,616). Over the last 12 months studios sold for AED 860,000 to 920,000, around AED 1,984 per sqft, and rent for AED 60,500 to 80,000 a year. 511's AED 52,500 is at the bottom of that range.

Recent studio sales	Size	Price (AED)	Per sqft
30 Jan 202630 January 2026	487 sqft	860,000	1,766
3 Jun 20253 June 2025	418 sqft	950,000	2,272
18 Apr 202518 April 2025	429 sqft	920,000	2,143
15 Jan 202515 January 2025	487 sqft	900,000	1,848

2 studio sales in the last 12 months

Waves Tower

Building

160 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%

Waves Tower, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 160 units in Waves Tower


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
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

1–7 of 9

511, Waves Tower in numbers

Sold once: by the developer on 16 August 2022 for AED 762,000, or AED 1,823 per sqft.
Rented since September 2022 on 2 Ejari contracts, from AED 50,000 to AED 52,500 a year.
At AED 52,500 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 6,700 a year (AED 15.97 per sqft).
Studios in Waves Tower sold for AED 860,000–920,000 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 4 September 2023.

Questions about 511, Waves Tower

What did unit 511 last sell for?

AED 762,000 on 16 August 2022, sold by the developer: AED 1,823 per sqft for 418 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 52,500 a year on the contract signed on 4 September 2023. The previous contract, from September 2022, was AED 50,000.

How big is unit 511?

418 sqft (38.8 sqm): a studio on the 5th floor of a 16-storey tower.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Waves Tower sold for AED 860,000 to 920,000 in the last 12 months, around AED 1,984 per sqft.

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Mortgage on 511, Waves Tower

Starts from the last sale price (AED 762K, 16 August 2022). Switch to today's estimate once you have unlocked it.

Price: AED 762,000
Deposit, UAE resident (20%): AED 152,400
Deposit, non-resident (40%): AED 304,800
Monthly over 25 years at 3.7%: AED 3,118

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →