407, Waves Tower
Sold prices and rental history: sold once, by the developer in September 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Waves Tower
What is 407 worth today?
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Source: Dubai Land Department. Updated 20 September 2022.
Key facts
- Type
- Studio apartment
- Size
- 487 sqft
- Floor
- 4th of 19
- Parking
- B2-20
- Service charge
- AED 7,800 /yr
- Last sold
- AED 742K · September 2022
- Building
- Waves Tower
About 407, Waves Tower
407 is a studio of 487 sqft on the 4th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 20 September 2022 for AED 742,000, or AED 1,524 per sqft, 6% below the AED 1,619 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 407 over time
407 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 407 sits
All 72 studios →407 last sold in September 2022 at AED 1,524 per sqft, 6% below what studios in Waves Tower were fetching at the time (AED 1,619). 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.
| 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 4th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 980 sqft | AED 1.24MAED 1,242,313 · Aug 2022August 2022 | 81,099 /yr | |
| 402 | 2-bed | 1,433 sqft | AED 2.07MAED 2,069,728 · Aug 2022August 2022 | ||
| 403 | 2-bed | 1,428 sqft | AED 2.16MAED 2,160,000 · Oct 2022October 2022 | ||
| 404 | 1-bed | 839 sqft | AED 1.11MAED 1,112,000 · Jun 2022June 2022 | ||
| 405 | 1-bed | 830 sqft | AED 1.05MAED 1,046,112 · Sep 2022September 2022 | 92,000 /yr | |
| 406 | Studio | 442 sqft | AED 671KAED 670,946 · Jun 2022June 2022 | ||
| 408 | 1-bed | 1,020 sqft | AED 1.11MAED 1,114,000 · Sep 2022September 2022 | 110,000 /yr | |
| 409 | 2-bed | 1,580 sqft | AED 2.16MAED 2,155,000 · Nov 2022November 2022 | 120,000 /yr | |
| 410 | Studio | 429 sqft | AED 762KAED 762,000 · Sep 2022September 2022 | 65,000 /yr | |
| 411 | Studio | 418 sqft | AED 950KAED 950,000 · Jun 2025June 2025 | 55,000 /yr |
407, Waves Tower in numbers
- Sold once: by the developer on 20 September 2022 for AED 742,000, or AED 1,524 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 20 September 2022.
Questions about 407, Waves Tower
What did unit 407 last sell for?
AED 742,000 on 20 September 2022, sold by the developer: AED 1,524 per sqft for 487 sqft. It is the only registered sale of the unit.
How big is unit 407?
487 sqft (45.2 sqm): a studio on the 4th floor of a 19-storey tower.
What is unit 407 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 407, Waves Tower
Starts from the last sale price (AED 742K, 20 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 742,000
- Deposit, UAE resident (20%)
- AED 148,400
- Deposit, non-resident (40%)
- AED 296,800
- Monthly over 25 years at 3.7%
- AED 3,036
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →