1206, Waves Tower
Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Waves Tower
What is 1206 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 12th of 19
- Parking
- B1-54
- Service charge
- AED 7,100 /yr
- Last sold
- AED 695K · July 2022
- Building
- Waves Tower
About 1206, Waves Tower
1206 is a studio of 442 sqft on the 12th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 21 July 2022 for AED 695,124, or AED 1,573 per sqft, in line with the AED 1,573 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 48,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1206 over time
1206 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Waves Tower, and where 1206 sits
All 72 studios →1206 last sold in July 2022 at AED 1,573 per sqft, in line with what studios in Waves Tower were fetching at the time (AED 1,573). Over the last 12 months studios sold for AED 850,000 to 1,000,000, around AED 2,091 per sqft, and rent for AED 47,000 to 80,000 a year. 1206's AED 48,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 429 sqft | 850,000 | 1,980 | ||
| 25 Feb 202625 February 2026 | 429 sqft | 1,000,000 | 2,329 | ||
| 30 Jan 202630 January 2026 | 487 sqft | 860,000 | 1,766 | ||
| 5 Dec 20255 December 2025 | 418 sqft | 920,000 | 2,201 |
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 | |
| 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 | ||
| 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 |
1206, Waves Tower in numbers
- Sold once: by the developer on 21 July 2022 for AED 695,124, or AED 1,573 per sqft.
- Rented since October 2022 on 5 Ejari contracts, from AED 51,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 7,100 a year (AED 15.97 per sqft).
- Studios in Waves Tower sold for AED 850,000–1,000,000 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 1 November 2026.
Questions about 1206, Waves Tower
What did unit 1206 last sell for?
AED 695,124 on 21 July 2022, sold by the developer: AED 1,573 per sqft for 442 sqft. It is the only registered sale of the unit.
What is the rent for unit 1206?
AED 48,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2025, was AED 61,850; the unit has been rented since October 2022.
How big is unit 1206?
442 sqft (41.1 sqm): a studio on the 12th floor of a 19-storey tower.
What is unit 1206 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Waves Tower sold for AED 850,000 to 1,000,000 in the last 12 months, around AED 2,091 per sqft.
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Mortgage on 1206, Waves Tower
Starts from the last sale price (AED 695K, 21 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 695,124
- Deposit, UAE resident (20%)
- AED 139,025
- Deposit, non-resident (40%)
- AED 278,050
- Monthly over 25 years at 3.7%
- AED 2,844
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →