1-bed · 980 sqftWaves Tower, Business Bay · 15th floor

1501, 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 January 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1501 · DLD and Ejari recordsUpdated 1 December 2024

Last soldAED 1.5M6 January 2023

Current rentAED 100K /yr1 December 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1501, Waves Tower

Today

What is 1501 worth today?

Last sold for AED 1,500,000 in 2023

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1 Dec 2024

1 Dec 2024RentedNew contract

AED 100,000/yr12 months · AED 102 per sqft

15 Apr 2023

15 Apr 2023RentedNew contract

AED 90,000/yr12 months · AED 92 per sqft

6 Jan 2023

6 Jan 2023Sold by developerReady

AED 1,500,000AED 1,531 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type: 1-bed apartment
Size: 980 sqft
Floor: 15th of 19
Parking: B1-13
Service charge: AED 15,600 /yr
Last sold: AED 1.5M · January 2023
Building: Waves Tower

About 1501, Waves Tower

1501 is a one-bedroom apartment of 980 sqft on the 15th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 6 January 2023 for AED 1,500,000, or AED 1,531 per sqft, 17% above the AED 1,307 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 December 2024, is AED 100,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 15,600 a year.

Sales and rents for 1501 over time

Sales

Unit 1501, each saleTypical one-bed in Waves Tower

1501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1501, each contractTypical one-bed in Waves Tower

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Waves Tower, and where 1501 sits

All 72 1-beds →

1-beds in Waves Tower · last 12 months1,743 /sqft Waves Tower · all types1,675 /sqft

1501 last sold in January 2023 at AED 1,531 per sqft, 17% above what one-beds in Waves Tower were fetching at the time (AED 1,307). Over the last 12 months one-beds sold for AED 1,385,000 to 1,800,000, around AED 1,743 per sqft, and rent for AED 80,000 to 150,000 a year. 1501's AED 100,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
7 Apr 20267 April 2026	980 sqft	1,800,000	1,837
3 Dec 20253 December 2025	839 sqft	1,385,000	1,649
30 Jun 202530 June 2025	839 sqft	1,575,000	1,876
25 Nov 202425 November 2024	839 sqft	1,450,000	1,727

2 1-bed 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 15th floor

All 193 units in Waves Tower


1502	2-bed	1,433 sqft	AED 2.4MAED 2,400,000 · Jan 2026January 2026	135,000 /yr
1503	2-bed	1,428 sqft	AED 2.4MAED 2,400,000 · Oct 2025October 2025
1504	1-bed	839 sqft	AED 1.58MAED 1,575,000 · Jun 2025June 2025
1505	1-bed	830 sqft	AED 1.27MAED 1,265,000 · Dec 2022December 2022	110,000 /yr
1506	Studio	442 sqft	AED 808KAED 808,000 · Oct 2022October 2022	70,000 /yr
1507	Studio	487 sqft	AED 855KAED 855,000 · Oct 2022October 2022	55,000 /yr
1508	1-bed	1,020 sqft	AED 1.4MAED 1,400,000 · Jan 2023January 2023	95,000 /yr
1509	2-bed	1,580 sqft	AED 2.15MAED 2,150,000 · May 2023May 2023	149,000 /yr
1510	Studio	429 sqft	AED 865KAED 865,000 · Oct 2022October 2022
1511	Studio	418 sqft	AED 840KAED 840,000 · Oct 2022October 2022

1–7 of 10

1501, Waves Tower in numbers

Sold once: by the developer on 6 January 2023 for AED 1,500,000, or AED 1,531 per sqft.
Rented since April 2023 on 2 Ejari contracts, from AED 90,000 to AED 100,000 a year.
At AED 100,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 15,600 a year (AED 15.97 per sqft).
One-beds in Waves Tower sold for AED 1,385,000–1,800,000 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 December 2024.

Questions about 1501, Waves Tower

What did unit 1501 last sell for?

AED 1,500,000 on 6 January 2023, sold by the developer: AED 1,531 per sqft for 980 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 100,000 a year on the contract signed on 1 December 2024. The previous contract, from April 2023, was AED 90,000.

How big is unit 1501?

980 sqft (91.0 sqm): a one-bedroom apartment on the 15th floor of a 19-storey tower.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Waves Tower sold for AED 1,385,000 to 1,800,000 in the last 12 months, around AED 1,743 per sqft.

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Mortgage on 1501, Waves Tower

Starts from the last sale price (AED 1.5M, 6 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,500,000
Deposit, UAE resident (20%): AED 300,000
Deposit, non-resident (40%): AED 600,000
Monthly over 25 years at 3.7%: AED 6,137

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