Studio · 221 sqftWaves Tower, Business Bay · 7th floor

706, 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 twice, last in February 2023, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 706 · DLD and Ejari recordsUpdated 15 September 2026

Last soldAED 348K1 February 2023

Current rentAED 60K /yr15 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 706, Waves Tower

Today

What is 706 worth today?

Last sold for AED 348,000 in 2023

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15 Sep 2026

15 Sep 2026RentedNew contract

AED 60,000/yr12 months · AED 136 per sqft

1 Feb 2023

1 Feb 2023SoldReady

AED 348,000AED 1,576 per sqft

5 Sep 2022

5 Sep 2022Sold by developerReady

AED 696,000AED 1,575 per sqft

Source: Dubai Land Department. Updated 15 September 2026.

Key facts

Type: Studio apartment
Size: 221 sqft
Floor: 7th of 19
Parking: P3-20
Service charge: AED 3,500 /yr
Last sold: AED 348K · February 2023
Building: Waves Tower

About 706, Waves Tower

706 is a studio of 221 sqft on the 7th floor of Waves Tower, a 19-storey tower in Business Bay. It last sold on 1 February 2023 for AED 348,000, or AED 1,576 per sqft, 4% below the AED 1,646 studios in the building were fetching at the time.

One Ejari contract is registered, from 15 September 2026. The current contract, signed on 15 September 2026, is AED 60,000 a year: a gross yield of 17.2% on the 2023 price, before the service charge of about AED 3,500 a year.

Sales and rents for 706 over time

Sales

Unit 706, each saleTypical studio in Waves Tower

706 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 706, each contractTypical studio in Waves Tower

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 706 sits

All 72 studios →

Studios in Waves Tower · last 12 months2,091 /sqft Waves Tower · all types1,675 /sqft

706 last sold in February 2023 at AED 1,576 per sqft, 4% below what studios in Waves Tower were fetching at the time (AED 1,646). 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. 706's AED 60,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

4 studio 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
705	1-bed	830 sqft	AED 1.14MAED 1,140,886 · Oct 2022October 2022	90,000 /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

706, Waves Tower in numbers

Sold twice: first on 5 September 2022 for AED 696,000, last on 1 February 2023 for AED 348,000 (AED 1,576 per sqft).
Rented since September 2026 on one Ejari contract, at AED 60,000 a year.
At AED 60,000 a year the gross yield on the 2023 price is 17.2%, before a service charge of about AED 3,500 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 15 September 2026.

Questions about 706, Waves Tower

What did unit 706 last sell for?

AED 348,000 on 1 February 2023: AED 1,576 per sqft for 221 sqft. The unit has 2 registered sales; the first was AED 696,000 in September 2022.

What is the rent for unit 706?

AED 60,000 a year on the contract signed on 15 September 2026.

How big is unit 706?

221 sqft (20.5 sqm): a studio on the 7th floor of a 19-storey tower.

What is unit 706 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 706, Waves Tower

Starts from the last sale price (AED 348K, 1 February 2023). Switch to today's estimate once you have unlocked it.

Price: AED 348,000
Deposit, UAE resident (20%): AED 69,600
Deposit, non-resident (40%): AED 139,200
Monthly over 25 years at 3.7%: AED 1,424

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