2-bed · 1,428 sqftWaves Tower, Business Bay · 4th floor

403, Waves Tower

Sold prices and rental history: sold once, by the developer in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 5 October 2022
Last soldAED 2.16M5 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Waves Tower

What is 403 worth today?

Last sold for AED 2,160,000 in 2022

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5 Oct 2022Sold by developerReady
AED 2,160,000AED 1,512 per sqft

Source: Dubai Land Department. Updated 5 October 2022.

Key facts

Type
2-bed apartment
Size
1,428 sqft
Floor
4th of 19
Parking
B2-16
Service charge
AED 22,800 /yr
Last sold
AED 2.16M · October 2022
Building
Waves Tower

About 403, Waves Tower

403 is a two-bedroom apartment of 1,428 sqft on the 4th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 5 October 2022 for AED 2,160,000, or AED 1,512 per sqft, 11% above the AED 1,365 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical two-bed in Waves Tower
2M2.2M2.4M202220242026Typical sale price by year: 2022 AED 1,988,973; 2023 AED 2,318,750; 2024 AED 2,362,500; 2025 AED 2,400,000; 2026 AED 2,330,000Sold by developer, October 2022: AED 2,160,000 (AED 1,512 per sqft)

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

Rents
Unit 403, each contractTypical two-bed in Waves Tower
140K150K202220242026Typical rent by year: 2022 AED 135,000; 2023 AED 150,000; 2024 AED 152,727; 2025 AED 155,000; 2026 AED 150,000

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 403 sits

All 49 2-beds →

403 last sold in October 2022 at AED 1,512 per sqft, 11% above what two-beds in Waves Tower were fetching at the time (AED 1,365). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20262,175,000
25 Sep 20262,110,000
18 Aug 20262,500,000
26 Jan 20262,260,000
7 2-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 4th floor

All 193 units in Waves Tower
Value
4011-bedAED 1.24M · Aug 2022
4022-bedAED 2.07M · Aug 2022
4041-bedAED 1.11M · Jun 2022
4051-bedAED 1.05M · Sep 2022
406StudioAED 671K · Jun 2022
407StudioAED 742K · Sep 2022
4081-bedAED 1.11M · Sep 2022
1–7 of 10

403, Waves Tower in numbers

  • Sold once: by the developer on 5 October 2022 for AED 2,160,000, or AED 1,512 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 5 October 2022.

Questions about 403, Waves Tower

What did unit 403 last sell for?

AED 2,160,000 on 5 October 2022, sold by the developer: AED 1,512 per sqft for 1,428 sqft. It is the only registered sale of the unit.

How big is unit 403?

1,428 sqft (132.7 sqm): a two-bedroom apartment on the 4th floor of a 19-storey tower.

What is unit 403 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 403, Waves Tower

Starts from the last sale price (AED 2.16M, 5 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,160,000
Deposit, UAE resident (20%)
AED 432,000
Deposit, non-resident (40%)
AED 864,000
Monthly over 25 years at 3.7%
AED 8,837

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