1-bed · 980 sqftWaves Tower, Business Bay · 12th floor

1201, Waves Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1201 · DLD and Ejari recordsUpdated 2 March 2023

Last soldAED 1.29M23 June 2022

Current rentAED 70K /yr2 March 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1201, Waves Tower

Today

What is 1201 worth today?

Last sold for AED 1,286,681 in 2022

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2 Mar 2023

2 Mar 2023RentedNew contract

AED 70,000/yr12 months · AED 71 per sqft

23 Jun 2022

23 Jun 2022Sold by developerReady

AED 1,286,681AED 1,313 per sqft

Source: Dubai Land Department. Updated 2 March 2023.

Key facts

Type: 1-bed apartment
Size: 980 sqft
Floor: 12th of 19
Parking: B1-49
Service charge: AED 15,600 /yr
Last sold: AED 1.29M · June 2022
Building: Waves Tower

About 1201, Waves Tower

1201 is a one-bedroom apartment of 980 sqft on the 12th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 23 June 2022 for AED 1,286,681, or AED 1,313 per sqft.

One Ejari contract is registered, from 2 March 2023. The current contract, signed on 2 March 2023, is AED 70,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 15,600 a year.

Sales and rents for 1201 over time

Sales

Unit 1201, each saleTypical one-bed in Waves Tower

1201 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1201, each contractTypical one-bed in Waves Tower

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

1-beds in Waves Tower, and where 1201 sits

All 72 1-beds →

1-beds in Waves Tower · last 12 months1,743 /sqft Waves Tower · all types1,675 /sqft

Over the last 12 months one-beds sold for AED 1,385,000 to 1,800,000, around AED 1,743 per sqft, and rent for AED 80,000 to 150,000 a year. 1201's AED 70,000 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
7 Apr 20267 April 2026	980 sqft	1,800,000	1,837
3 Dec 20253 December 2025	839 sqft	1,385,000	1,649
30 Jun 202530 June 2025	839 sqft	1,575,000	1,876
25 Nov 202425 November 2024	839 sqft	1,450,000	1,727

2 1-bed sales in the last 12 months

Waves Tower

Building

193 apartments, studios to 2-bed over 19 floors in Business Bay. 13 sold in the last 12 months.

Typical price per sqft: AED 1,675
Typical sale: AED 2.11M
Typical rent: AED 95K /yr
Typical yield: 6.7%

Waves Tower, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 193 units in Waves Tower


1202	2-bed	1,433 sqft	AED 2.06MAED 2,057,727 · Aug 2022August 2022	160,000 /yr
1203	2-bed	1,428 sqft	AED 1.97MAED 1,973,786 · Jul 2022July 2022	150,000 /yr
1204	1-bed	839 sqft	AED 1.16MAED 1,163,055 · Jul 2022July 2022	105,000 /yr
1205	1-bed	830 sqft	AED 1.13MAED 1,125,140 · Aug 2022August 2022
1206	Studio	442 sqft	AED 695KAED 695,124 · Jul 2022July 2022	48,000 /yr
1207	Studio	487 sqft	AED 860KAED 860,000 · Jan 2026January 2026	71,209 /yr
1208	1-bed	1,020 sqft	AED 1.33MAED 1,325,000 · Sep 2022September 2022	110,000 /yr
1209	2-bed	1,580 sqft	AED 2.43MAED 2,425,000 · Aug 2024August 2024	155,000 /yr
1210	Studio	429 sqft	AED 1MAED 1,000,000 · Feb 2026February 2026	60,000 /yr
1211	Studio	418 sqft	AED 690KAED 690,000 · Jul 2022July 2022

1–7 of 10

1201, Waves Tower in numbers

Sold once: by the developer on 23 June 2022 for AED 1,286,681, or AED 1,313 per sqft.
Rented since March 2023 on one Ejari contract, at AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 15,600 a year (AED 15.97 per sqft).
One-beds in Waves Tower sold for AED 1,385,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,675 per sqft.

Source: Dubai Land Department. Updated 2 March 2023.

Questions about 1201, Waves Tower

What did unit 1201 last sell for?

AED 1,286,681 on 23 June 2022, sold by the developer: AED 1,313 per sqft for 980 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 70,000 a year on the contract signed on 2 March 2023.

How big is unit 1201?

980 sqft (91.0 sqm): a one-bedroom apartment on the 12th floor of a 19-storey tower.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Waves Tower sold for AED 1,385,000 to 1,800,000 in the last 12 months, around AED 1,743 per sqft.

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Mortgage on 1201, Waves Tower

Starts from the last sale price (AED 1.29M, 23 June 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,286,681
Deposit, UAE resident (20%): AED 257,336
Deposit, non-resident (40%): AED 514,672
Monthly over 25 years at 3.7%: AED 5,264

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