1-bed · 830 sqftWaves Tower, Business Bay · 7th floor

705, Waves Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 705

Unit 705 · DLD and Ejari recordsUpdated 13 October 2024

Last soldAED 1.14M3 October 2022

Current rentAED 90K /yr13 October 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 705

Property timeline for 705, Waves Tower

Today

What is 705 worth today?

Last sold for AED 1,140,886 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Oct 2024

13 Oct 2024RentedRenewal

AED 90,000/yr12 months · AED 109 per sqft

13 Oct 2023

13 Oct 2023RentedRenewal

AED 85,000/yr12 months · AED 103 per sqft

13 Oct 2022

13 Oct 2022RentedNew contract

AED 82,000/yr12 months · AED 99 per sqft

3 Oct 2022

3 Oct 2022Sold by developerReady

AED 1,140,886AED 1,375 per sqft

Source: Dubai Land Department. Updated 13 October 2024.

Key facts

Type: 1-bed apartment
Size: 830 sqft
Floor: 7th of 19
Parking: P3-19
Service charge: AED 13,300 /yr
Last sold: AED 1.14M · October 2022
Building: Waves Tower

About 705, Waves Tower

705 is a one-bedroom apartment of 830 sqft on the 7th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 3 October 2022 for AED 1,140,886, or AED 1,375 per sqft, 6% above the AED 1,294 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 13 October 2024, is AED 90,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 13,300 a year.

Sales and rents for 705 over time

Sales

Unit 705, each saleTypical one-bed in Waves Tower

705 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 705, each contractTypical one-bed in Waves Tower

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 705 sits

All 72 1-beds →

1-beds in Waves Tower · last 12 months1,743 /sqft Waves Tower · all types1,675 /sqft

705 last sold in October 2022 at AED 1,375 per sqft, 6% above what one-beds in Waves Tower were fetching at the time (AED 1,294). 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. 705's AED 90,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

2 1-bed sales in the last 12 months

Waves Tower

Building

193 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%

Waves Tower, Business Bay: prices, sales and rents →

Other units on the 7th floor

All 193 units in Waves Tower


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
704	1-bed	839 sqft	AED 1.17MAED 1,170,000 · Sep 2022September 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

1–7 of 10

705, Waves Tower in numbers

Sold once: by the developer on 3 October 2022 for AED 1,140,886, or AED 1,375 per sqft.
Rented since October 2022 on 3 Ejari contracts, from AED 82,000 to AED 90,000 a year.
At AED 90,000 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 13,300 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 13 October 2024.

Questions about 705, Waves Tower

What did unit 705 last sell for?

AED 1,140,886 on 3 October 2022, sold by the developer: AED 1,375 per sqft for 830 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 90,000 a year on the contract renewed on 13 October 2024. The previous contract, from October 2023, was AED 85,000; the unit has been rented since October 2022.

How big is unit 705?

830 sqft (77.1 sqm): a one-bedroom apartment on the 7th floor of a 19-storey tower.

What is unit 705 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.

Selling 705? 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.

How OpenOffers works

Mortgage on 705, Waves Tower

Starts from the last sale price (AED 1.14M, 3 October 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,140,886
Deposit, UAE resident (20%): AED 228,177
Deposit, non-resident (40%): AED 456,354
Monthly over 25 years at 3.7%: AED 4,668

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →