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Studio · 404 sqftWavez Residence, Liwan · 5th floor · completed 2022

A508, Wavez Residence

Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A508 · DLD and Ejari recordsUpdated 13 October 2024
Last soldAED 382K10 February 2020
Current rentAED 37K /yr13 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A508, Wavez Residence

What is A508 worth today?

Last sold for AED 382,000 in 2020

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13 Oct 2024RentedRenewal
AED 37,000/yr12 months · AED 93 per sqft
10 Feb 2020Sold by developerOff-plan
AED 382,000AED 945 per sqft

Source: Dubai Land Department. Updated 13 October 2024.

Key facts

Type
Studio apartment
Size
404 sqft
Floor
5th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 382K · February 2020
Building
Wavez Residence

About A508, Wavez Residence

A508 is a studio of 404 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 10 February 2020 for AED 382,000, or AED 945 per sqft, 10% above the AED 862 studios in the building were fetching at the time.

One Ejari contract is registered, from 13 October 2024. The current contract, renewed on 13 October 2024, is AED 37,000 a year: a gross yield of 9.7% on the 2020 price.

Sales and rents for A508 over time

Sales
Unit A508, each saleTypical studio in Wavez Residence
300K400K500K20192021202320252027Typical sale price by year: 2019 AED 351,750; 2020 AED 350,000; 2021 AED 350,000; 2022 AED 333,500; 2023 AED 370,000; 2024 AED 437,500; 2025 AED 512,500; 2026 AED 537,500Sold by developer, February 2020: AED 382,000 (AED 945 per sqft)

A508 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A508, each contractTypical studio in Wavez Residence
40K45K20232024202520262027Typical rent by year: 2023 AED 37,500; 2024 AED 38,500; 2025 AED 40,500; 2026 AED 45,000Renewal, October 2024: AED 37,000 a year

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

Studios in Wavez Residence, and where A508 sits

All 328 studios →

A508 last sold in February 2020 at AED 945 per sqft, 10% above what studios in Wavez Residence were fetching at the time (AED 862). Over the last 12 months studios sold for AED 500,000 to 639,999, around AED 1,293 per sqft, and rent for AED 35,000 to 54,320 a year. A508's AED 37,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
11 Feb 2026500,000
10 Feb 2026525,000
6 Feb 2026550,000
30 Jan 2026520,000
11 studio sales in the last 12 months

Wavez Residence

Building

414 apartments, studios to 1-bed over 10 floors in Liwan, completed in 2022 by Danube Properties Development. 14 sold in the last 12 months.

Typical price per sqft
AED 1,278 Up 6.2%
Typical sale
AED 540K
Typical rent
AED 44K /yr
Typical yield
8.1%
Wavez Residence, Liwan: prices, sales and rents →

Other units on the 5th floor

All 414 units in Wavez Residence
Value
A5011-bedAED 615K · Aug 2020
A5021-bedAED 600K · Mar 2020
A5031-bedAED 603K · Oct 2019
A5041-bedAED 730K · Mar 2024
A505StudioAED 379K · Dec 2019
A506AED 515K · Nov 2025
A507StudioAED 350K · Nov 2021
1–7 of 41

A508, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 10 February 2020 for AED 382,000, or AED 945 per sqft.
  • Rented since October 2024 on one Ejari contract, at AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2020 price is 9.7%.
  • Studios in Wavez Residence sold for AED 500,000–639,999 in the 12 months to November 2026; the building's median across all types is AED 1,278 per sqft.

Source: Dubai Land Department. Updated 13 October 2024.

Questions about A508, Wavez Residence

What did unit A508 last sell for?

AED 382,000 on 10 February 2020, sold by the developer: AED 945 per sqft for 404 sqft. It is the only registered sale of the unit.

What is the rent for unit A508?

AED 37,000 a year on the contract renewed on 13 October 2024.

How big is unit A508?

404 sqft (37.5 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit A508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Wavez Residence sold for AED 500,000 to 639,999 in the last 12 months, around AED 1,293 per sqft.

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Mortgage on A508, Wavez Residence

Starts from the last sale price (AED 382K, 10 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 382,000
Deposit, UAE resident (20%)
AED 76,400
Deposit, non-resident (40%)
AED 152,800
Monthly over 25 years at 3.7%
AED 1,563

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