Studio · 418 sqftWaves Tower, Business Bay · 13th floor

1311, 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 September 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1311 · DLD and Ejari recordsUpdated 15 November 2023

Last soldAED 399K2 September 2022

Current rentAED 65K /yr15 November 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1311, Waves Tower

Today

What is 1311 worth today?

Last sold for AED 398,950 in 2022

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15 Nov 2023

15 Nov 2023RentedRenewal

AED 65,000/yr12 months · AED 155 per sqft

15 Nov 2022

15 Nov 2022RentedNew contract

AED 65,000/yr12 months · AED 155 per sqft

2 Sep 2022

2 Sep 2022Sold by developerReady

AED 398,950AED 954 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type: Studio apartment
Size: 418 sqft
Floor: 13th of 19
Parking: B1-48
Service charge: AED 6,700 /yr
Last sold: AED 399K · September 2022
Building: Waves Tower

About 1311, Waves Tower

1311 is a studio of 418 sqft on the 13th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 2 September 2022 for AED 398,950, or AED 954 per sqft, 41% below the AED 1,622 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 November 2023, is AED 65,000 a year: a gross yield of 16.3% on the 2022 price, before the service charge of about AED 6,700 a year.

Sales and rents for 1311 over time

Sales

Unit 1311, each saleTypical studio in Waves Tower

1311 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1311, each contractTypical studio in Waves Tower

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 1311 sits

All 72 studios →

Studios in Waves Tower · last 12 months2,091 /sqft Waves Tower · all types1,675 /sqft

1311 last sold in September 2022 at AED 954 per sqft, 41% below what studios in Waves Tower were fetching at the time (AED 1,622). 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. 1311's AED 65,000 is in the upper half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

4 studio 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 13th floor

All 193 units in Waves Tower


1301	1-bed	980 sqft	AED 1.28MAED 1,279,305 · Aug 2022August 2022
1302	2-bed	1,433 sqft	AED 1.88MAED 1,880,895 · Jul 2022July 2022	215,000 /yr
1303	2-bed	1,428 sqft	AED 2.4MAED 2,398,000 · Oct 2022October 2022
1304	1-bed	839 sqft	AED 1.39MAED 1,385,000 · Dec 2025December 2025	100,000 /yr
1305	1-bed	830 sqft	AED 1.16MAED 1,157,000 · Sep 2022September 2022	110,000 /yr
1306	Studio	442 sqft	AED 750KAED 750,000 · Sep 2022September 2022	58,000 /yr
1307	Studio	487 sqft	AED 765KAED 765,000 · Sep 2022September 2022	60,500 /yr
1308	1-bed	1,020 sqft	AED 1.17MAED 1,174,630 · Sep 2022September 2022
1309	2-bed	1,579 sqft	AED 2.18MAED 2,175,000 · Oct 2026October 2026
1310	Studio	429 sqft	AED 770KAED 769,930 · Jul 2022July 2022	50,000 /yr

1–7 of 10

1311, Waves Tower in numbers

Sold once: by the developer on 2 September 2022 for AED 398,950, or AED 954 per sqft.
Rented since November 2022 on 2 Ejari contracts, at AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2022 price is 16.3%, before a service charge of about AED 6,700 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 15 November 2023.

Questions about 1311, Waves Tower

What did unit 1311 last sell for?

AED 398,950 on 2 September 2022, sold by the developer: AED 954 per sqft for 418 sqft. It is the only registered sale of the unit.

What is the rent for unit 1311?

AED 65,000 a year on the contract renewed on 15 November 2023. The previous contract, from November 2022, was AED 65,000.

How big is unit 1311?

418 sqft (38.8 sqm): a studio on the 13th floor of a 19-storey tower.

What is unit 1311 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 1311, Waves Tower

Starts from the last sale price (AED 399K, 2 September 2022). Switch to today's estimate once you have unlocked it.

Price: AED 398,950
Deposit, UAE resident (20%): AED 79,790
Deposit, non-resident (40%): AED 159,580
Monthly over 25 years at 3.7%: AED 1,632

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