203, Waves Tower
Sold prices and rental history: sold twice, last in February 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Waves Tower
What is 203 worth today?
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Source: Dubai Land Department. Updated 21 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,428 sqft
- Floor
- 2nd of 19
- Parking
- B2-38
- Service charge
- AED 22,800 /yr
- Last sold
- AED 2.63M · February 2025
- Building
- Waves Tower
About 203, Waves Tower
203 is a two-bedroom apartment of 1,428 sqft on the 2nd floor of Waves Tower, a 19-storey tower in Business Bay. It last sold on 21 February 2025 for AED 2,625,000, or AED 1,837 per sqft, in line with the AED 1,837 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 3 November 2023, is AED 160,000 a year: a gross yield of 6.1% on the 2025 price, before the service charge of about AED 22,800 a year.
Sales and rents for 203 over time
203 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Waves Tower, and where 203 sits
All 49 2-beds →203 last sold in February 2025 at AED 1,837 per sqft, in line with what two-beds in Waves Tower were fetching at the time (AED 1,837). Over the last 12 months two-beds sold for AED 2,110,000 to 2,500,000, around AED 1,582 per sqft, and rent for AED 120,000 to 215,000 a year. 203's AED 160,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 1,579 sqft | 2,175,000 | 1,377 | ||
| 25 Sep 202625 September 2026 | 1,579 sqft | 2,110,000 | 1,335 | ||
| 18 Aug 202618 August 2026 | 1,428 sqft | 2,500,000 | 1,750 | ||
| 26 Jan 202626 January 2026 | 1,428 sqft | 2,260,000 | 1,582 |
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 2nd floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 980 sqft | AED 1.3MAED 1,300,000 · Aug 2022August 2022 | 25,000 /yr | |
| 202 | 2-bed | 1,433 sqft | AED 2.15MAED 2,152,784 · Sep 2022September 2022 | 160,000 /yr | |
| 204 | 1-bed | 839 sqft | AED 1.3MAED 1,300,000 · Aug 2023August 2023 | 95,000 /yr | |
| 205 | 1-bed | 830 sqft | AED 1.13MAED 1,128,170 · Sep 2022September 2022 | 105,000 /yr | |
| 206 | Studio | 442 sqft | AED 680KAED 679,932 · Oct 2022October 2022 | 55,000 /yr | |
| 207 | Studio | 487 sqft | AED 736KAED 736,000 · Oct 2022October 2022 | ||
| 208 | 1-bed | 1,020 sqft | AED 1.24MAED 1,237,000 · Sep 2022September 2022 | 89,250 /yr | |
| 209 | 2-bed | 1,580 sqft | AED 2.05MAED 2,050,000 · Jan 2023January 2023 | 150,000 /yr | |
| 210 | Studio | 429 sqft | AED 755KAED 755,000 · Nov 2022November 2022 | 62,000 /yr | |
| 211 | Studio | 418 sqft | AED 752KAED 752,000 · Sep 2022September 2022 | 75,000 /yr |
203, Waves Tower in numbers
- Sold twice: first on 15 September 2022 for AED 2,144,000, last on 21 February 2025 for AED 2,625,000 (AED 1,837 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 5,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2025 price is 6.1%, before a service charge of about AED 22,800 a year (AED 15.97 per sqft).
- Two-beds in Waves Tower sold for AED 2,110,000–2,500,000 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 21 February 2025.
Questions about 203, Waves Tower
What did unit 203 last sell for?
AED 2,625,000 on 21 February 2025: AED 1,837 per sqft for 1,428 sqft. The unit has 2 registered sales; the first was AED 2,144,000 in September 2022.
What is the rent for unit 203?
AED 160,000 a year on the contract signed on 3 November 2023. The previous contract, from October 2022, was AED 5,000.
How big is unit 203?
1,428 sqft (132.7 sqm): a two-bedroom apartment on the 2nd floor of a 19-storey tower.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Waves Tower sold for AED 2,110,000 to 2,500,000 in the last 12 months, around AED 1,582 per sqft.
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Mortgage on 203, Waves Tower
Starts from the last sale price (AED 2.63M, 21 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,625,000
- Deposit, UAE resident (20%)
- AED 525,000
- Deposit, non-resident (40%)
- AED 1,050,000
- Monthly over 25 years at 3.7%
- AED 10,740
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →