703, Waves Tower
Sold prices and rental history: sold twice, last in November 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Waves Tower
What is 703 worth today?
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Source: Dubai Land Department. Updated 10 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,428 sqft
- Floor
- 7th of 19
- Parking
- P3-17
- Service charge
- AED 22,800 /yr
- Last sold
- AED 4M · November 2023
- Building
- Waves Tower
About 703, Waves Tower
703 is a two-bedroom apartment of 1,428 sqft on the 7th floor of Waves Tower, a 19-storey tower in Business Bay. It last sold on 2 November 2023 for AED 4,000,000, or AED 2,800 per sqft, 74% above the AED 1,605 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 10 October 2025, is AED 140,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 22,800 a year.
Sales and rents for 703 over time
703 has sold twice; 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 703 sits
All 49 2-beds →703 last sold in November 2023 at AED 2,800 per sqft, 74% above what two-beds in Waves Tower were fetching at the time (AED 1,605). 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. 703's AED 140,000 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 7th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 980 sqft | AED 1.25MAED 1,246,361 · Jul 2022July 2022 | ||
| 702 | 2-bed | 1,433 sqft | AED 2.32MAED 2,321,000 · Sep 2022September 2022 | 145,000 /yr | |
| 704 | 1-bed | 839 sqft | AED 1.17MAED 1,170,000 · Sep 2022September 2022 | 90,000 /yr | |
| 705 | 1-bed | 830 sqft | AED 1.14MAED 1,140,886 · Oct 2022October 2022 | 90,000 /yr | |
| 706 | Studio | 221 sqft | AED 348KAED 348,000 · Feb 2023February 2023 | 60,000 /yr | |
| 707 | Studio | 487 sqft | AED 745KAED 745,000 · Sep 2022September 2022 | 50,000 /yr | |
| 708 | 1-bed | 1,020 sqft | AED 1.13MAED 1,130,000 · Sep 2022September 2022 | 88,000 /yr | |
| 709 | 2-bed | 1,580 sqft | AED 2.08MAED 2,080,540 · Dec 2022December 2022 | 125,000 /yr | |
| 710 | Studio | 429 sqft | AED 725KAED 725,000 · Aug 2022August 2022 | ||
| 711 | Studio | 418 sqft | AED 762KAED 762,000 · Sep 2022September 2022 | 58,000 /yr |
703, Waves Tower in numbers
- Sold twice: first on 12 January 2023 for AED 2,337,500, last on 2 November 2023 for AED 4,000,000 (AED 2,800 per sqft).
- Rented since October 2024 on 2 Ejari contracts, from AED 149,171 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2023 price is 3.5%, before a service charge of about AED 22,800 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 10 October 2025.
Questions about 703, Waves Tower
What did unit 703 last sell for?
AED 4,000,000 on 2 November 2023: AED 2,800 per sqft for 1,428 sqft. The unit has 2 registered sales; the first was AED 2,337,500 in January 2023.
What is the rent for unit 703?
AED 140,000 a year on the contract signed on 10 October 2025. The previous contract, from October 2024, was AED 149,171.
How big is unit 703?
1,428 sqft (132.7 sqm): a two-bedroom apartment on the 7th floor of a 19-storey tower.
What is unit 703 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 703, Waves Tower
Starts from the last sale price (AED 4M, 2 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →