1203, Waves Tower
Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Waves Tower
What is 1203 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,428 sqft
- Floor
- 12th of 19
- Parking
- B1-51
- Service charge
- AED 22,800 /yr
- Last sold
- AED 1.97M · July 2022
- Building
- Waves Tower
About 1203, Waves Tower
1203 is a two-bedroom apartment of 1,428 sqft on the 12th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 27 July 2022 for AED 1,973,786, or AED 1,381 per sqft, 5% above the AED 1,315 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 5 January 2026. The current contract, signed on 5 January 2026, is AED 150,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 22,800 a year.
Sales and rents for 1203 over time
1203 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 1203 sits
All 49 2-beds →1203 last sold in July 2022 at AED 1,381 per sqft, 5% 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. 1203's AED 150,000 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 | |
| 1202 | 2-bed | 1,433 sqft | AED 2.06MAED 2,057,727 · Aug 2022August 2022 | 160,000 /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 |
1203, Waves Tower in numbers
- Sold once: by the developer on 27 July 2022 for AED 1,973,786, or AED 1,381 per sqft.
- Rented since January 2026 on one Ejari contract, at AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 22,800 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 5 January 2026.
Questions about 1203, Waves Tower
What did unit 1203 last sell for?
AED 1,973,786 on 27 July 2022, sold by the developer: AED 1,381 per sqft for 1,428 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 150,000 a year on the contract signed on 5 January 2026.
How big is unit 1203?
1,428 sqft (132.7 sqm): a two-bedroom apartment on the 12th floor of a 19-storey tower.
What is unit 1203 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.
Selling 1203? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1203, Waves Tower
Starts from the last sale price (AED 1.97M, 27 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,973,786
- Deposit, UAE resident (20%)
- AED 394,757
- Deposit, non-resident (40%)
- AED 789,514
- Monthly over 25 years at 3.7%
- AED 8,075
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →