1-bed · 918 sqftThe Waves Tower A, Dubai Marina · 12th floor · completed 2007

A124, The Waves Tower A

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A124 · DLD and Ejari recordsUpdated 28 December 2023
Last soldAED 1.13M28 December 2023
Current rentAED 60K /yr25 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A124, The Waves Tower A

What is A124 worth today?

Last sold for AED 1,125,000 in 2023

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28 Dec 2023SoldReady
AED 1,125,000AED 1,225 per sqft
25 Jan 2022RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft
21 Jan 2021RentedNew contract
AED 50,000/yr12 months · AED 54 per sqft
10 Jul 2019RentedNew contract
AED 74,000/yr12 months · AED 81 per sqft
7 Apr 2019RentedRenewal
AED 92,400/yr3 months · AED 101 per sqft
7 Mar 2019RentedRenewal
AED 92,400/yr1 months · AED 101 per sqft
7 Sep 2018RentedRenewal
AED 92,400/yr6 months · AED 101 per sqft
7 Mar 2018RentedRenewal
AED 92,400/yr6 months · AED 101 per sqft

Source: Dubai Land Department. Updated 28 December 2023.

Key facts

Type
1-bed apartment
Size
918 sqft
Floor
12th of 26
Parking
B3-91
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 14,300 /yr
Last sold
AED 1.13M · December 2023

About A124, The Waves Tower A

A124 is a one-bedroom apartment of 918 sqft on the 12th floor of The Waves Tower A, a 26-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. It last sold on 28 December 2023 for AED 1,125,000, or AED 1,225 per sqft, 4% above the AED 1,182 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 25 January 2022, is AED 60,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 14,300 a year.

Sales and rents for A124 over time

Sales
Unit A124, each saleTypical one-bed in The Waves Tower A
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 595,000; 2009 AED 558,441; 2010 AED 593,000; 2011 AED 608,525; 2012 AED 740,000; 2013 AED 960,000; 2014 AED 1,325,000; 2015 AED 1,330,000; 2017 AED 1,150,000; 2018 AED 1,090,000; 2021 AED 700,000; 2022 AED 980,000; 2023 AED 1,137,500; 2024 AED 1,347,500; 2025 AED 1,300,000; 2026 AED 1,525,000Sold by developer, September 2010: AED 592,000 (AED 644 per sqft)Sold, December 2023: AED 1,125,000 (AED 1,225 per sqft)

A124 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A124, each contractTypical one-bed in The Waves Tower A
50K75K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 80,000; 2014 AED 90,000; 2015 AED 99,000; 2016 AED 93,582; 2017 AED 90,000; 2018 AED 82,000; 2019 AED 73,000; 2020 AED 60,500; 2021 AED 56,500; 2022 AED 68,000; 2023 AED 75,000; 2024 AED 83,300; 2025 AED 84,748; 2026 AED 80,000New contract, May 2012: AED 66,501 a yearNew contract, January 2013: AED 70,000 a yearNew contract, March 2014: AED 80,000 a yearRenewal, March 2015: AED 88,000 a yearRenewal, March 2016: AED 92,400 a yearRenewal, March 2017: AED 92,400 a yearRenewal, March 2018: AED 92,400 a yearRenewal, September 2018: AED 92,400 a yearRenewal, March 2019: AED 92,400 a yearRenewal, April 2019: AED 92,400 a yearNew contract, July 2019: AED 74,000 a yearNew contract, January 2021: AED 50,000 a yearNew contract, January 2022: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Waves Tower A, and where A124 sits

All 75 1-beds →

A124 last sold in December 2023 at AED 1,225 per sqft, 4% above what one-beds in The Waves Tower A were fetching at the time (AED 1,182). Over the last 12 months one-beds sold for AED 516,660 to 1,550,000, around AED 1,332 per sqft, and rent for AED 52,028 to 260,000 a year. A124's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Sep 20261,150,000
25 Mar 20261,550,000
19 Jan 20261,525,000
25 Nov 2025516,660
4 1-bed sales in the last 12 months

The Waves Tower A

Building

161 apartments, 1-bed to 3-bed over 26 floors in Dubai Marina, completed in 2007 by DAMAC PROPERTIES CO. 14 sold in the last 12 months.

Typical price per sqft
AED 1,497 Up 7.6%
Typical sale
AED 1.99M
Typical rent
AED 93K /yr
Typical yield
6.1%
The Waves Tower A, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 161 units in The Waves Tower A
Value
A1211-bedAED 685K · Apr 2021
A1221-bedAED 562K · May 2010
A1231-bedAED 1.48M · Aug 2024
A1251-bedAED 1.75M · Sep 2008
A1263-bedAED 2.03M · Nov 2022
A1272-bedAED 1.3M · Jan 2022
A1282-bedAED 1.51M · Jun 2024

A124, The Waves Tower A in numbers

  • Sold twice: first on 26 September 2010 for AED 592,000, last on 28 December 2023 for AED 1,125,000 (AED 1,225 per sqft).
  • Rented since May 2012 on 13 Ejari contracts. The rent fell from AED 66,501 to AED 50,000 in 2021 and recovered to AED 60,000 by January 2022.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 14,300 a year (AED 15.61 per sqft).
  • One-beds in The Waves Tower A sold for AED 516,660–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,497 per sqft.

Source: Dubai Land Department. Updated 28 December 2023.

Questions about A124, The Waves Tower A

What did unit A124 last sell for?

AED 1,125,000 on 28 December 2023: AED 1,225 per sqft for 918 sqft. The unit has 2 registered sales; the first was AED 592,000 in September 2010.

What is the rent for unit A124?

AED 60,000 a year on the contract signed on 25 January 2022. The previous contract, from January 2021, was AED 50,000; the unit has been rented since May 2012.

How big is unit A124?

918 sqft (85.3 sqm): a one-bedroom apartment on the 12th floor of a 26-storey tower completed in 2007.

What is unit A124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Waves Tower A sold for AED 516,660 to 1,550,000 in the last 12 months, around AED 1,332 per sqft.

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Mortgage on A124, The Waves Tower A

Starts from the last sale price (AED 1.13M, 28 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

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