506, Waves Tower
Sold prices and rental history: sold once, by the developer in September 2022, and rented once, from May 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Waves Tower
What is 506 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 10 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 5th of 19
- Parking
- B2-07
- Service charge
- AED 7,100 /yr
- Last sold
- AED 725K · September 2022
- Building
- Waves Tower
About 506, Waves Tower
506 is a studio of 442 sqft on the 5th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 20 September 2022 for AED 725,000, or AED 1,641 per sqft, in line with the AED 1,619 studios in the building were fetching at the time.
One Ejari contract is registered, from 10 May 2025. The current contract, signed on 10 May 2025, is AED 67,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 7,100 a year.
Sales and rents for 506 over time
506 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 506 sits
All 72 studios →506 last sold in September 2022 at AED 1,641 per sqft, in line with 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. 506's AED 67,000 is in the upper half of that range.
| 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 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 | |
| 502 | 2-bed | 1,433 sqft | AED 2.33MAED 2,329,999 · Sep 2022September 2022 | 150,000 /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 | ||
| 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 |
506, Waves Tower in numbers
- Sold once: by the developer on 20 September 2022 for AED 725,000, or AED 1,641 per sqft.
- Rented since May 2025 on one Ejari contract, at AED 67,000 a year.
- At AED 67,000 a year the gross yield on the 2022 price is 9.2%, before a service charge of about AED 7,100 a year (AED 15.97 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 10 May 2025.
Questions about 506, Waves Tower
What did unit 506 last sell for?
AED 725,000 on 20 September 2022, sold by the developer: AED 1,641 per sqft for 442 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 67,000 a year on the contract signed on 10 May 2025.
How big is unit 506?
442 sqft (41.1 sqm): a studio on the 5th floor of a 19-storey tower.
What is unit 506 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.
Selling 506? 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 506, Waves Tower
Starts from the last sale price (AED 725K, 20 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →