704, Waves Tower
Sold prices and rental history: sold once, by the developer in September 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 704, Waves Tower
What is 704 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 839 sqft
- Floor
- 7th of 19
- Parking
- P3-18
- Service charge
- AED 13,400 /yr
- Last sold
- AED 1.17M · September 2022
- Building
- Waves Tower
About 704, Waves Tower
704 is a one-bedroom apartment of 839 sqft on the 7th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 7 September 2022 for AED 1,170,000, or AED 1,393 per sqft, 7% above the AED 1,306 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 October 2024, is AED 90,000 a year: a gross yield of 7.7% on the 2022 price, before the service charge of about AED 13,400 a year.
Sales and rents for 704 over time
704 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Waves Tower, and where 704 sits
All 72 1-beds →704 last sold in September 2022 at AED 1,393 per sqft, 7% above what one-beds in Waves Tower were fetching at the time (AED 1,306). Over the last 12 months one-beds sold for AED 1,385,000 to 1,800,000, around AED 1,743 per sqft, and rent for AED 80,000 to 150,000 a year. 704's AED 90,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Apr 20267 April 2026 | 980 sqft | 1,800,000 | 1,837 | ||
| 3 Dec 20253 December 2025 | 839 sqft | 1,385,000 | 1,649 | ||
| 30 Jun 202530 June 2025 | 839 sqft | 1,575,000 | 1,876 | ||
| 25 Nov 202425 November 2024 | 839 sqft | 1,450,000 | 1,727 |
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 | |
| 703 | 2-bed | 1,428 sqft | AED 4MAED 4,000,000 · Nov 2023November 2023 | 140,000 /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 |
704, Waves Tower in numbers
- Sold once: by the developer on 7 September 2022 for AED 1,170,000, or AED 1,393 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 85,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2022 price is 7.7%, before a service charge of about AED 13,400 a year (AED 15.97 per sqft).
- One-beds in Waves Tower sold for AED 1,385,000–1,800,000 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 1 October 2024.
Questions about 704, Waves Tower
What did unit 704 last sell for?
AED 1,170,000 on 7 September 2022, sold by the developer: AED 1,393 per sqft for 839 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 90,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2022, was AED 85,000.
How big is unit 704?
839 sqft (77.9 sqm): a one-bedroom apartment on the 7th floor of a 19-storey tower.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Waves Tower sold for AED 1,385,000 to 1,800,000 in the last 12 months, around AED 1,743 per sqft.
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Mortgage on 704, Waves Tower
Starts from the last sale price (AED 1.17M, 7 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,170,000
- Deposit, UAE resident (20%)
- AED 234,000
- Deposit, non-resident (40%)
- AED 468,000
- Monthly over 25 years at 3.7%
- AED 4,787
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →