1-bed · 1,020 sqftWaves Tower, Business Bay · 9th floor

908, Waves Tower

Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 908 · DLD and Ejari recordsUpdated 18 November 2024
Last soldAED 1.28M12 September 2022
Current rentAED 105K /yr18 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, Waves Tower

What is 908 worth today?

Last sold for AED 1,280,000 in 2022

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18 Nov 2024RentedNew contract
AED 105,000/yr12 months · AED 103 per sqft
1 May 2023RentedNew contract
AED 120,000/yr12 months · AED 119 per sqft
12 Sep 2022Sold by developerReady
AED 1,280,000AED 1,254 per sqft

Source: Dubai Land Department. Updated 18 November 2024.

Key facts

Type
1-bed apartment
Size
1,020 sqft
Floor
9th of 16
Parking
P2-35
Service charge
AED 16,300 /yr
Last sold
AED 1.28M · September 2022
Building
Waves Tower

About 908, Waves Tower

908 is a one-bedroom apartment of 1,020 sqft on the 9th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 12 September 2022 for AED 1,280,000, or AED 1,254 per sqft, 3% below the AED 1,294 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 18 November 2024, is AED 105,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 16,300 a year.

Sales and rents for 908 over time

Sales
Unit 908, each saleTypical one-bed in Waves Tower
1.2M1.4M202220232024Typical sale price by year: 2022 AED 1,157,000; 2023 AED 1,401,375Sold by developer, September 2022: AED 1,280,000 (AED 1,254 per sqft)

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

Rents
Unit 908, each contractTypical one-bed in Waves Tower
80K100K120K202220242026Typical rent by year: 2022 AED 85,000; 2023 AED 90,000; 2024 AED 100,000; 2025 AED 102,500; 2026 AED 100,000New contract, May 2023: AED 120,000 a yearNew contract, November 2024: AED 105,000 a year

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 908 sits

All 58 1-beds →

908 last sold in September 2022 at AED 1,254 per sqft, 3% below 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. 908's AED 105,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jun 20251,575,000
25 Nov 20241,450,000
13 Feb 20241,550,000
21 Dec 20231,400,000
1 1-bed sale 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 9th floor

All 160 units in Waves Tower
Value
901AED 1.6M · Apr 2024
9022-bedAED 2.3M · Jun 2023
9032-bedAED 1.85M · Jul 2022
9041-bedAED 1.15M · Aug 2022
9051-bedAED 1.55M · Feb 2024
906StudioAED 355K · Feb 2023
907StudioAED 751K · Jul 2022
1–7 of 10

908, Waves Tower in numbers

  • Sold once: by the developer on 12 September 2022 for AED 1,280,000, or AED 1,254 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, from AED 120,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 8.2%, before a service charge of about AED 16,300 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 18 November 2024.

Questions about 908, Waves Tower

What did unit 908 last sell for?

AED 1,280,000 on 12 September 2022, sold by the developer: AED 1,254 per sqft for 1,020 sqft. It is the only registered sale of the unit.

What is the rent for unit 908?

AED 105,000 a year on the contract signed on 18 November 2024. The previous contract, from May 2023, was AED 120,000.

How big is unit 908?

1,020 sqft (94.8 sqm): a one-bedroom apartment on the 9th floor of a 16-storey tower.

What is unit 908 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 908, Waves Tower

Starts from the last sale price (AED 1.28M, 12 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,280,000
Deposit, UAE resident (20%)
AED 256,000
Deposit, non-resident (40%)
AED 512,000
Monthly over 25 years at 3.7%
AED 5,237

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