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Studio · 407 sqftWavez Residence, Liwan · 7th floor · completed 2022

B716, Wavez Residence

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

Unit B716 · DLD and Ejari recordsUpdated 5 May 2024
Last soldAED 383K20 December 2023
Current rentAED 38K /yr5 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B716, Wavez Residence

What is B716 worth today?

Last sold for AED 382,500 in 2023

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5 May 2024RentedNew contract
AED 38,000/yr12 months · AED 93 per sqft
20 Dec 2023SoldReady
AED 382,500AED 939 per sqft
16 Feb 2020Sold by developerOff-plan
AED 340,000AED 838 per sqft

Source: Dubai Land Department. Updated 5 May 2024.

Key facts

Type
Studio apartment
Size
407 sqft
Floor
7th of 10
Parking
P2-50
Developer
Danube Properties Development
Completed
2022
Last sold
AED 383K · December 2023
Building
Wavez Residence

About B716, Wavez Residence

B716 is a studio of 407 sqft on the 7th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 20 December 2023 for AED 382,500, or AED 939 per sqft, 5% above the AED 896 studios in the building were fetching at the time.

One Ejari contract is registered, from 5 May 2024. The current contract, signed on 5 May 2024, is AED 38,000 a year: a gross yield of 9.9% on the 2023 price.

Sales and rents for B716 over time

Sales
Unit B716, 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 340,000 (AED 838 per sqft)Sold, December 2023: AED 382,500 (AED 939 per sqft)

B716 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit B716, 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, May 2024: AED 38,000 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 B716 sits

All 328 studios →

B716 last sold in December 2023 at AED 939 per sqft, 5% above what studios in Wavez Residence were fetching at the time (AED 896). 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. B716's AED 38,000 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

B716, Wavez Residence in numbers

  • Sold twice: first on 16 February 2020 for AED 340,000, last on 20 December 2023 for AED 382,500 (AED 939 per sqft).
  • Rented since May 2024 on one Ejari contract, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2023 price is 9.9%.
  • 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 5 May 2024.

Questions about B716, Wavez Residence

What did unit B716 last sell for?

AED 382,500 on 20 December 2023: AED 939 per sqft for 407 sqft. The unit has 2 registered sales; the first was AED 340,000 in February 2020.

What is the rent for unit B716?

AED 38,000 a year on the contract signed on 5 May 2024.

How big is unit B716?

407 sqft (37.8 sqm): a studio on the 7th floor of a 10-storey tower completed in 2022.

What is unit B716 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 B716, Wavez Residence

Starts from the last sale price (AED 383K, 20 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 382,500
Deposit, UAE resident (20%)
AED 76,500
Deposit, non-resident (40%)
AED 153,000
Monthly over 25 years at 3.7%
AED 1,565

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