1202, Waves Tower
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Waves Tower
What is 1202 worth today?
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Source: Dubai Land Department. Updated 15 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,433 sqft
- Floor
- 12th of 19
- Parking
- B1-50
- Service charge
- AED 22,900 /yr
- Last sold
- AED 2.06M · August 2022
- Building
- Waves Tower
About 1202, Waves Tower
1202 is a two-bedroom apartment of 1,433 sqft on the 12th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 5 August 2022 for AED 2,057,727, or AED 1,436 per sqft, 9% above the AED 1,315 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2026. The current contract, signed on 15 August 2026, is AED 160,000 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 22,900 a year.
Sales and rents for 1202 over time
1202 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Waves Tower, and where 1202 sits
All 49 2-beds →1202 last sold in August 2022 at AED 1,436 per sqft, 9% above what two-beds in Waves Tower were fetching at the time (AED 1,315). Over the last 12 months two-beds sold for AED 2,110,000 to 2,500,000, around AED 1,582 per sqft, and rent for AED 120,000 to 215,000 a year. 1202's AED 160,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 1,579 sqft | 2,175,000 | 1,377 | ||
| 25 Sep 202625 September 2026 | 1,579 sqft | 2,110,000 | 1,335 | ||
| 18 Aug 202618 August 2026 | 1,428 sqft | 2,500,000 | 1,750 | ||
| 26 Jan 202626 January 2026 | 1,428 sqft | 2,260,000 | 1,582 |
Waves Tower
Building193 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%
Other units on the 12th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 980 sqft | AED 1.29MAED 1,286,681 · Jun 2022June 2022 | 70,000 /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 |
1202, Waves Tower in numbers
- Sold once: by the developer on 5 August 2022 for AED 2,057,727, or AED 1,436 per sqft.
- Rented since August 2026 on one Ejari contract, at AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 22,900 a year (AED 15.97 per sqft).
- Two-beds in Waves Tower sold for AED 2,110,000–2,500,000 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 15 August 2026.
Questions about 1202, Waves Tower
What did unit 1202 last sell for?
AED 2,057,727 on 5 August 2022, sold by the developer: AED 1,436 per sqft for 1,433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 160,000 a year on the contract signed on 15 August 2026.
How big is unit 1202?
1,433 sqft (133.1 sqm): a two-bedroom apartment on the 12th floor of a 19-storey tower.
What is unit 1202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Waves Tower sold for AED 2,110,000 to 2,500,000 in the last 12 months, around AED 1,582 per sqft.
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Mortgage on 1202, Waves Tower
Starts from the last sale price (AED 2.06M, 5 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,057,727
- Deposit, UAE resident (20%)
- AED 411,545
- Deposit, non-resident (40%)
- AED 823,091
- Monthly over 25 years at 3.7%
- AED 8,419
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →