409, Waves Tower
Sold prices and rental history: sold once, by the developer in November 2022, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Waves Tower
What is 409 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 30 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,580 sqft
- Floor
- 4th of 19
- Parking
- B2-22
- Service charge
- AED 25,200 /yr
- Last sold
- AED 2.16M · November 2022
- Building
- Waves Tower
About 409, Waves Tower
409 is a two-bedroom apartment of 1,580 sqft on the 4th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 1 November 2022 for AED 2,155,000, or AED 1,364 per sqft, in line with the AED 1,364 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 30 December 2022. The current contract, signed on 30 December 2022, is AED 120,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 25,200 a year.
Sales and rents for 409 over time
409 has sold once; 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 409 sits
All 49 2-beds →409 last sold in November 2022 at AED 1,364 per sqft, in line with what two-beds in Waves Tower were fetching at the time (AED 1,364). 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. 409's AED 120,000 is at the bottom 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 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 | ||
| 407 | Studio | 487 sqft | AED 742KAED 742,000 · Sep 2022September 2022 | ||
| 408 | 1-bed | 1,020 sqft | AED 1.11MAED 1,114,000 · Sep 2022September 2022 | 110,000 /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 |
409, Waves Tower in numbers
- Sold once: by the developer on 1 November 2022 for AED 2,155,000, or AED 1,364 per sqft.
- Rented since December 2022 on one Ejari contract, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 5.6%, before a service charge of about AED 25,200 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 30 December 2022.
Questions about 409, Waves Tower
What did unit 409 last sell for?
AED 2,155,000 on 1 November 2022, sold by the developer: AED 1,364 per sqft for 1,580 sqft. It is the only registered sale of the unit.
What is the rent for unit 409?
AED 120,000 a year on the contract signed on 30 December 2022.
How big is unit 409?
1,580 sqft (146.8 sqm): a two-bedroom apartment on the 4th floor of a 19-storey tower.
What is unit 409 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.
Selling 409? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 409, Waves Tower
Starts from the last sale price (AED 2.16M, 1 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,155,000
- Deposit, UAE resident (20%)
- AED 431,000
- Deposit, non-resident (40%)
- AED 862,000
- Monthly over 25 years at 3.7%
- AED 8,817
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →