511, Waves Tower
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Waves Tower
What is 511 worth today?
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Source: Dubai Land Department. Updated 10 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 418 sqft
- Floor
- 5th of 19
- Parking
- B2-13
- Service charge
- AED 6,700 /yr
- Last sold
- AED 762K · August 2022
- Building
- Waves Tower
About 511, Waves Tower
511 is a studio of 418 sqft on the 5th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 16 August 2022 for AED 762,000, or AED 1,823 per sqft, 12% above the AED 1,622 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 October 2026, is AED 50,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 6,700 a year.
Sales and rents for 511 over time
511 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 511 sits
All 72 studios →511 last sold in August 2022 at AED 1,823 per sqft, 12% above 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. 511's AED 50,000 is in the lower 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 | ||
| 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, Waves Tower in numbers
- Sold once: by the developer on 16 August 2022 for AED 762,000, or AED 1,823 per sqft.
- Rented since September 2022 on 3 Ejari contracts, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 6,700 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 October 2026.
Questions about 511, Waves Tower
What did unit 511 last sell for?
AED 762,000 on 16 August 2022, sold by the developer: AED 1,823 per sqft for 418 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 50,000 a year on the contract signed on 10 October 2026. The previous contract, from September 2023, was AED 52,500; the unit has been rented since September 2022.
How big is unit 511?
418 sqft (38.8 sqm): a studio on the 5th floor of a 19-storey tower.
What is unit 511 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 511, Waves Tower
Starts from the last sale price (AED 762K, 16 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 762,000
- Deposit, UAE resident (20%)
- AED 152,400
- Deposit, non-resident (40%)
- AED 304,800
- Monthly over 25 years at 3.7%
- AED 3,118
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →