1406, Waves Tower
Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1406, Waves Tower
What is 1406 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 14th of 19
- Parking
- B1-29
- Service charge
- AED 7,100 /yr
- Last sold
- AED 795K · October 2022
- Building
- Waves Tower
About 1406, Waves Tower
1406 is a studio of 442 sqft on the 14th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 24 October 2022 for AED 795,000, or AED 1,800 per sqft, 11% above the AED 1,623 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 June 2025, is AED 65,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1406 over time
1406 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 1406 sits
All 72 studios →1406 last sold in October 2022 at AED 1,800 per sqft, 11% above what studios in Waves Tower were fetching at the time (AED 1,623). 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. 1406's AED 65,000 is in the upper 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 14th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 980 sqft | AED 1.54MAED 1,535,000 · Jan 2023January 2023 | 150,000 /yr | |
| 1402 | 2-bed | 1,433 sqft | AED 2.85MAED 2,850,000 · May 2024May 2024 | 150,000 /yr | |
| 1403 | 2-bed | 1,428 sqft | AED 2.55MAED 2,550,000 · Jul 2023July 2023 | ||
| 1404 | 1-bed | 839 sqft | AED 1.29MAED 1,294,000 · Dec 2022December 2022 | ||
| 1405 | 1-bed | 830 sqft | AED 1.26MAED 1,259,000 · Nov 2022November 2022 | 90,000 /yr | |
| 1407 | Studio | 487 sqft | AED 850KAED 850,000 · Oct 2022October 2022 | ||
| 1408 | 1-bed | 1,020 sqft | AED 1.39MAED 1,390,000 · Dec 2022December 2022 | 96,000 /yr | |
| 1410 | Studio | 429 sqft | AED 860KAED 860,000 · Oct 2022October 2022 | 75,000 /yr | |
| 1411 | Studio | 418 sqft | AED 835KAED 835,000 · Sep 2022September 2022 |
1406, Waves Tower in numbers
- Sold once: by the developer on 24 October 2022 for AED 795,000, or AED 1,800 per sqft.
- Rented since March 2023 on 2 Ejari contracts, from AED 63,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2022 price is 8.2%, 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 June 2025.
Questions about 1406, Waves Tower
What did unit 1406 last sell for?
AED 795,000 on 24 October 2022, sold by the developer: AED 1,800 per sqft for 442 sqft. It is the only registered sale of the unit.
What is the rent for unit 1406?
AED 65,000 a year on the contract signed on 1 June 2025. The previous contract, from March 2023, was AED 63,000.
How big is unit 1406?
442 sqft (41.1 sqm): a studio on the 14th floor of a 19-storey tower.
What is unit 1406 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 1406, Waves Tower
Starts from the last sale price (AED 795K, 24 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 795,000
- Deposit, UAE resident (20%)
- AED 159,000
- Deposit, non-resident (40%)
- AED 318,000
- Monthly over 25 years at 3.7%
- AED 3,253
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →