502, Waves Tower
Sold prices and rental history: sold once, by the developer in September 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Waves Tower
What is 502 worth today?
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Source: Dubai Land Department. Updated 28 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,433 sqft
- Floor
- 5th of 19
- Parking
- B2-03
- Service charge
- AED 22,900 /yr
- Last sold
- AED 2.33M · September 2022
- Building
- Waves Tower
About 502, Waves Tower
502 is a two-bedroom apartment of 1,433 sqft on the 5th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 30 September 2022 for AED 2,329,999, or AED 1,626 per sqft, 20% above the AED 1,358 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 28 February 2026, is AED 150,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 22,900 a year.
Sales and rents for 502 over time
502 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 502 sits
All 49 2-beds →502 last sold in September 2022 at AED 1,626 per sqft, 20% above what two-beds in Waves Tower were fetching at the time (AED 1,358). 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. 502's AED 150,000 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 5th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 980 sqft | AED 1.25MAED 1,250,000 · Aug 2022August 2022 | 125,000 /yr | |
| 503 | 2-bed | 1,428 sqft | AED 1.5MAED 1,500,000 · Oct 2023October 2023 | 155,000 /yr | |
| 504 | 1-bed | 839 sqft | AED 1.11MAED 1,110,000 · Jul 2022July 2022 | 95,000 /yr | |
| 505 | 1-bed | 830 sqft | AED 1.05MAED 1,050,823 · Aug 2022August 2022 | ||
| 506 | Studio | 442 sqft | AED 725KAED 725,000 · Sep 2022September 2022 | 67,000 /yr | |
| 507 | Studio | 487 sqft | AED 785KAED 785,000 · Oct 2022October 2022 | ||
| 508 | 1-bed | 1,020 sqft | AED 1.28MAED 1,277,778 · Sep 2022September 2022 | ||
| 510 | Studio | 429 sqft | AED 850KAED 850,000 · Sep 2026September 2026 | 60,000 /yr | |
| 511 | Studio | 418 sqft | AED 762KAED 762,000 · Aug 2022August 2022 | 50,000 /yr |
502, Waves Tower in numbers
- Sold once: by the developer on 30 September 2022 for AED 2,329,999, or AED 1,626 per sqft.
- Rented since February 2023 on 4 Ejari contracts, from AED 140,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 22,900 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 28 February 2026.
Questions about 502, Waves Tower
What did unit 502 last sell for?
AED 2,329,999 on 30 September 2022, sold by the developer: AED 1,626 per sqft for 1,433 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 150,000 a year on the contract signed on 28 February 2026. The previous contract, from December 2025, was AED 160,000; the unit has been rented since February 2023.
How big is unit 502?
1,433 sqft (133.1 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower.
What is unit 502 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 502, Waves Tower
Starts from the last sale price (AED 2.33M, 30 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,329,999
- Deposit, UAE resident (20%)
- AED 466,000
- Deposit, non-resident (40%)
- AED 932,000
- Monthly over 25 years at 3.7%
- AED 9,533
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →