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Studio · 408 sqftWavez Residence, Liwan · 7th floor · completed 2022

A721, Wavez Residence

Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from January 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A721 · DLD and Ejari recordsUpdated 15 January 2025
Last soldAED 343K11 February 2020
Current rentAED 42K /yr15 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A721, Wavez Residence

What is A721 worth today?

Last sold for AED 342,700 in 2020

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15 Jan 2025RentedNew contract
AED 42,000/yr12 months · AED 103 per sqft
11 Feb 2020Sold by developerOff-plan
AED 342,700AED 840 per sqft

Source: Dubai Land Department. Updated 15 January 2025.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
7th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 343K · February 2020
Building
Wavez Residence

About A721, Wavez Residence

A721 is a studio of 408 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 342,700, or AED 840 per sqft, in line with the AED 862 studios in the building were fetching at the time.

One Ejari contract is registered, from 15 January 2025. The current contract, signed on 15 January 2025, is AED 42,000 a year: a gross yield of 12.3% on the 2020 price.

Sales and rents for A721 over time

Sales
Unit A721, 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 342,700 (AED 840 per sqft)

A721 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A721, 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, January 2025: AED 42,000 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 A721 sits

All 328 studios →

A721 last sold in February 2020 at AED 840 per sqft, in line with 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. A721's AED 42,000 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

A721, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 11 February 2020 for AED 342,700, or AED 840 per sqft.
  • Rented since January 2025 on one Ejari contract, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2020 price is 12.3%.
  • 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 15 January 2025.

Questions about A721, Wavez Residence

What did unit A721 last sell for?

AED 342,700 on 11 February 2020, sold by the developer: AED 840 per sqft for 408 sqft. It is the only registered sale of the unit.

What is the rent for unit A721?

AED 42,000 a year on the contract signed on 15 January 2025.

How big is unit A721?

408 sqft (37.9 sqm): a studio on the 7th floor of a 10-storey tower completed in 2022.

What is unit A721 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 A721, Wavez Residence

Starts from the last sale price (AED 343K, 11 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 342,700
Deposit, UAE resident (20%)
AED 68,540
Deposit, non-resident (40%)
AED 137,080
Monthly over 25 years at 3.7%
AED 1,402

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