507, 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.
Property timeline for 507, Waves Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 17 October 2022.
Key facts
- Type
- Studio apartment
- Size
- 487 sqft
- Floor
- 5th of 19
- Parking
- B2-08
- Service charge
- AED 7,800 /yr
- Last sold
- AED 785K · October 2022
- Building
- Waves Tower
About 507, Waves Tower
507 is a studio of 487 sqft on the 5th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 17 October 2022 for AED 785,000, or AED 1,612 per sqft, in line with the AED 1,622 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 507 over time
507 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 507 sits
All 72 studios →507 last sold in October 2022 at AED 1,612 per sqft, in line with what studios in Waves Tower were fetching at the time (AED 1,622). 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 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 | ||
| 506 | Studio | 442 sqft | AED 725KAED 725,000 · Sep 2022September 2022 | 67,000 /yr | |
| 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 |
507, Waves Tower in numbers
- Sold once: by the developer on 17 October 2022 for AED 785,000, or AED 1,612 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 17 October 2022.
Questions about 507, Waves Tower
What did unit 507 last sell for?
AED 785,000 on 17 October 2022, sold by the developer: AED 1,612 per sqft for 487 sqft. It is the only registered sale of the unit.
How big is unit 507?
487 sqft (45.2 sqm): a studio on the 5th floor of a 19-storey tower.
What is unit 507 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 507, Waves Tower
Starts from the last sale price (AED 785K, 17 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 785,000
- Deposit, UAE resident (20%)
- AED 157,000
- Deposit, non-resident (40%)
- AED 314,000
- Monthly over 25 years at 3.7%
- AED 3,212
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →