1507, Waves Tower
Sold prices and rental history: sold once, by the developer in October 2022, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1507, Waves Tower
What is 1507 worth today?
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Source: Dubai Land Department. Updated 23 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 487 sqft
- Floor
- 15th of 19
- Parking
- B1-19
- Service charge
- AED 7,800 /yr
- Last sold
- AED 855K · October 2022
- Building
- Waves Tower
About 1507, Waves Tower
1507 is a studio of 487 sqft on the 15th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 27 October 2022 for AED 855,000, or AED 1,756 per sqft, 7% above the AED 1,641 studios in the building were fetching at the time.
One Ejari contract is registered, from 23 September 2026. The current contract, signed on 23 September 2026, is AED 55,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 7,800 a year.
Sales and rents for 1507 over time
1507 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 1507 sits
All 72 studios →1507 last sold in October 2022 at AED 1,756 per sqft, 7% above what studios in Waves Tower were fetching at the time (AED 1,641). 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. 1507's AED 55,000 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 15th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 980 sqft | AED 1.5MAED 1,500,000 · Jan 2023January 2023 | 100,000 /yr | |
| 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 | |
| 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 |
1507, Waves Tower in numbers
- Sold once: by the developer on 27 October 2022 for AED 855,000, or AED 1,756 per sqft.
- Rented since September 2026 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 7,800 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 23 September 2026.
Questions about 1507, Waves Tower
What did unit 1507 last sell for?
AED 855,000 on 27 October 2022, sold by the developer: AED 1,756 per sqft for 487 sqft. It is the only registered sale of the unit.
What is the rent for unit 1507?
AED 55,000 a year on the contract signed on 23 September 2026.
How big is unit 1507?
487 sqft (45.2 sqm): a studio on the 15th floor of a 19-storey tower.
What is unit 1507 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 1507, Waves Tower
Starts from the last sale price (AED 855K, 27 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 855,000
- Deposit, UAE resident (20%)
- AED 171,000
- Deposit, non-resident (40%)
- AED 342,000
- Monthly over 25 years at 3.7%
- AED 3,498
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →