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Studio · 406 sqftWavez Residence, Liwan · 7th floor · completed 2022

A717, Wavez Residence

Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A717 · DLD and Ejari recordsUpdated 2 December 2024
Last soldAED 334K11 February 2020
Current rentAED 40K /yr2 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A717, Wavez Residence

What is A717 worth today?

Last sold for AED 334,152 in 2020

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2 Dec 2024RentedRenewal
AED 40,000/yr12 months · AED 100 per sqft
2 Dec 2023RentedNew contract
AED 37,000/yr12 months · AED 90 per sqft
11 Feb 2020Sold by developerOff-plan
AED 334,152AED 823 per sqft

Source: Dubai Land Department. Updated 2 December 2024.

Key facts

Type
Studio apartment
Size
406 sqft
Floor
7th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 334K · February 2020
Building
Wavez Residence

About A717, Wavez Residence

A717 is a studio of 406 sqft on the 7th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 11 February 2020 for AED 334,152, or AED 823 per sqft, 5% below the AED 862 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 2 December 2024, is AED 40,000 a year: a gross yield of 12.0% on the 2020 price.

Sales and rents for A717 over time

Sales
Unit A717, 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 334,152 (AED 823 per sqft)

A717 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A717, each contractTypical studio in Wavez Residence
40K45K20232024202520262027Typical rent by year: 2023 AED 37,500; 2024 AED 38,500; 2025 AED 40,500; 2026 AED 45,000New contract, December 2023: AED 37,000 a yearRenewal, December 2024: AED 40,000 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 A717 sits

All 328 studios →

A717 last sold in February 2020 at AED 823 per sqft, 5% below 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. A717's AED 40,000 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 7th floor

All 414 units in Wavez Residence
Value
A7011-bedAED 615K · Nov 2023
A702AED 830K · Dec 2025
A7031-bedAED 606K · Aug 2021
A7041-bedAED 698K · Sep 2024
A705StudioAED 376K · Feb 2020
A706StudioAED 385K · Oct 2019
A707StudioAED 385K · Oct 2019
1–7 of 41

A717, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 11 February 2020 for AED 334,152, or AED 823 per sqft.
  • Rented since December 2023 on 2 Ejari contracts, from AED 37,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2020 price is 12.0%.
  • 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 2 December 2024.

Questions about A717, Wavez Residence

What did unit A717 last sell for?

AED 334,152 on 11 February 2020, sold by the developer: AED 823 per sqft for 406 sqft. It is the only registered sale of the unit.

What is the rent for unit A717?

AED 40,000 a year on the contract renewed on 2 December 2024. The previous contract, from December 2023, was AED 37,000.

How big is unit A717?

406 sqft (37.7 sqm): a studio on the 7th floor of a 10-storey tower completed in 2022.

What is unit A717 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 A717, Wavez Residence

Starts from the last sale price (AED 334K, 11 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 334,152
Deposit, UAE resident (20%)
AED 66,830
Deposit, non-resident (40%)
AED 133,661
Monthly over 25 years at 3.7%
AED 1,367

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