2-bed · 1,580 sqftWaves Tower, Business Bay · 7th floor

709, Waves Tower

Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 14 December 2022
Last soldAED 2.08M14 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Waves Tower

What is 709 worth today?

Last sold for AED 2,080,540 in 2022

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14 Dec 2022Sold by developerReady
AED 2,080,540AED 1,317 per sqft

Source: Dubai Land Department. Updated 14 December 2022.

Key facts

Type
2-bed apartment
Size
1,580 sqft
Floor
7th of 16
Parking
P3-23
Service charge
AED 25,200 /yr
Last sold
AED 2.08M · December 2022
Building
Waves Tower

About 709, Waves Tower

709 is a two-bedroom apartment of 1,580 sqft on the 7th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 14 December 2022 for AED 2,080,540, or AED 1,317 per sqft, 3% below the AED 1,359 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical two-bed in Waves Tower
2M2.2M2.4M202220242026Typical sale price by year: 2022 AED 1,988,973; 2023 AED 2,300,000; 2024 AED 2,362,500; 2026 AED 2,400,000Sold by developer, December 2022: AED 2,080,540 (AED 1,317 per sqft)

709 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 709, each contractTypical two-bed in Waves Tower
140K150K160K20222023202420252026Typical rent by year: 2022 AED 135,000; 2023 AED 150,000; 2024 AED 156,364; 2025 AED 152,500

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 709 sits

All 39 2-beds →

709 last sold in December 2022 at AED 1,317 per sqft, 3% below what two-beds in Waves Tower were fetching at the time (AED 1,359). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Jan 20262,260,000
26 Jan 20262,400,000
12 Jan 20262,450,000
9 Dec 20252,350,000
4 2-bed 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 7th floor

All 160 units in Waves Tower
Value
7011-bedAED 1.25M · Jul 2022
7022-bedAED 2.32M · Sep 2022
7032-bedAED 4M · Nov 2023
7041-bedAED 1.17M · Sep 2022
7051-bedAED 1.14M · Oct 2022
706StudioAED 348K · Feb 2023
707StudioAED 745K · Sep 2022
1–7 of 10

709, Waves Tower in numbers

  • Sold once: by the developer on 14 December 2022 for AED 2,080,540, or AED 1,317 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 14 December 2022.

Questions about 709, Waves Tower

What did unit 709 last sell for?

AED 2,080,540 on 14 December 2022, sold by the developer: AED 1,317 per sqft for 1,580 sqft. It is the only registered sale of the unit.

How big is unit 709?

1,580 sqft (146.8 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower.

What is unit 709 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 709, Waves Tower

Starts from the last sale price (AED 2.08M, 14 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,080,540
Deposit, UAE resident (20%)
AED 416,108
Deposit, non-resident (40%)
AED 832,216
Monthly over 25 years at 3.7%
AED 8,512

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