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Studio · 407 sqftWavez Residence, Liwan · 8th floor · completed 2022

A815, Wavez Residence

Sold prices and rental history: sold twice, last in December 2023, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A815 · DLD and Ejari recordsUpdated 9 September 2024
Last soldAED 390K28 December 2023
Current rentAED 42K /yr9 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A815, Wavez Residence

What is A815 worth today?

Last sold for AED 390,000 in 2023

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9 Sep 2024RentedNew contract
AED 41,800/yr12 months · AED 103 per sqft
28 Dec 2023SoldReady
AED 390,000AED 958 per sqft
20 Nov 2019Sold by developerOff-plan
AED 357,500AED 881 per sqft

Source: Dubai Land Department. Updated 9 September 2024.

Key facts

Type
Studio apartment
Size
407 sqft
Floor
8th of 10
Parking
P2-60
Developer
Danube Properties Development
Completed
2022
Last sold
AED 390K · December 2023
Building
Wavez Residence

About A815, Wavez Residence

A815 is a studio of 407 sqft on the 8th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 28 December 2023 for AED 390,000, or AED 958 per sqft, 5% above the AED 910 studios in the building were fetching at the time.

One Ejari contract is registered, from 9 September 2024. The current contract, signed on 9 September 2024, is AED 41,800 a year: a gross yield of 10.7% on the 2023 price.

Sales and rents for A815 over time

Sales
Unit A815, 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, November 2019: AED 357,500 (AED 881 per sqft)Sold, December 2023: AED 390,000 (AED 958 per sqft)

A815 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A815, 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, September 2024: AED 41,800 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 A815 sits

All 328 studios →

A815 last sold in December 2023 at AED 958 per sqft, 5% above what studios in Wavez Residence were fetching at the time (AED 910). 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. A815's AED 41,800 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 8th floor

All 414 units in Wavez Residence
Value
A8011-bedAED 600K · Mar 2020
A8021-bedAED 600K · Jun 2021
A8031-bedAED 600K · Jun 2021
A8041-bedAED 600K · Jun 2021
A805StudioAED 373K · Nov 2019
A806StudioAED 381K · Nov 2019
A807StudioAED 381K · Nov 2019
1–7 of 41

A815, Wavez Residence in numbers

  • Sold twice: first on 20 November 2019 for AED 357,500, last on 28 December 2023 for AED 390,000 (AED 958 per sqft).
  • Rented since September 2024 on one Ejari contract, at AED 41,800 a year.
  • At AED 41,800 a year the gross yield on the 2023 price is 10.7%.
  • 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 9 September 2024.

Questions about A815, Wavez Residence

What did unit A815 last sell for?

AED 390,000 on 28 December 2023: AED 958 per sqft for 407 sqft. The unit has 2 registered sales; the first was AED 357,500 in November 2019.

What is the rent for unit A815?

AED 41,800 a year on the contract signed on 9 September 2024.

How big is unit A815?

407 sqft (37.8 sqm): a studio on the 8th floor of a 10-storey tower completed in 2022.

What is unit A815 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 A815, Wavez Residence

Starts from the last sale price (AED 390K, 28 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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