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2-bed · 1,211 sqftThe Waves Tower A, Dubai Marina · 14th floor · completed 2007

A148, The Waves Tower A

Sold prices and rental history: sold 3 times, last in March 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A148 · DLD and Ejari recordsUpdated 6 January 2020
Last soldAED 1.15M26 March 2013
Current rentAED 77K /yr6 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A148, The Waves Tower A

What is A148 worth today?

Last sold for AED 1,150,000 in 2013

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6 Jan 2020RentedNew contract
AED 77,000/yr12 months · AED 63 per sqft
1 Oct 2018RentedNew contract
AED 95,000/yr12 months · AED 78 per sqft
22 Sep 2017RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft
15 Jun 2016RentedRenewal
AED 135,000/yr12 months · AED 111 per sqft
15 Jun 2015RentedNew contract
AED 135,000/yr12 months · AED 111 per sqft
15 Jun 2013RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft
26 Mar 2013SoldReady
AED 1,150,000AED 949 per sqft
30 Oct 2011SoldReady
AED 830,000AED 685 per sqft

Source: Dubai Land Department. Updated 6 January 2020.

Key facts

Type
2-bed apartment
Size
1,211 sqft
Floor
14th of 26
Parking
B3-80
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 18,900 /yr
Last sold
AED 1.15M · March 2013
Building
The Waves Tower A

About A148, The Waves Tower A

A148 is a two-bedroom apartment of 1,211 sqft on the 14th floor of The Waves Tower A, a 26-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. It last sold on 26 March 2013 for AED 1,150,000, or AED 949 per sqft, 18% above the AED 807 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 6 January 2020, is AED 77,000 a year: a gross yield of 6.7% on the 2013 price, before the service charge of about AED 18,900 a year.

Sales and rents for A148 over time

Sales
Unit A148, each saleTypical two-bed in The Waves Tower A
1M1.5M2M2008201320182023Typical sale price by year: 2008 AED 909,500; 2009 AED 897,000; 2010 AED 900,000; 2011 AED 844,000; 2012 AED 899,000; 2013 AED 1,310,000; 2014 AED 1,762,500; 2015 AED 911,250; 2017 AED 1,510,000; 2019 AED 1,100,000; 2021 AED 1,055,000; 2022 AED 1,387,500; 2023 AED 1,525,000; 2024 AED 1,855,000; 2025 AED 1,690,000; 2026 AED 1,900,000Sold by developer, July 2011: AED 798,000 (AED 658 per sqft)Sold, October 2011: AED 830,000 (AED 685 per sqft)Sold, March 2013: AED 1,150,000 (AED 949 per sqft)

A148 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit A148, each contractTypical two-bed in The Waves Tower A
100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 115,000; 2014 AED 130,898; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 102,500; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 78,500; 2022 AED 91,500; 2023 AED 105,063; 2024 AED 120,952; 2025 AED 120,000; 2026 AED 127,500New contract, June 2013: AED 100,000 a yearNew contract, June 2015: AED 135,000 a yearRenewal, June 2016: AED 135,000 a yearNew contract, September 2017: AED 100,000 a yearNew contract, October 2018: AED 95,000 a yearNew contract, January 2020: AED 77,000 a year

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

2-beds in The Waves Tower A, and where A148 sits

All 54 2-beds →

A148 last sold in March 2013 at AED 949 per sqft, 18% above what two-beds in The Waves Tower A were fetching at the time (AED 807). Over the last 12 months two-beds sold for AED 1,700,000 to 2,325,000, around AED 1,514 per sqft, and rent for AED 106,032 to 145,000 a year. A148's AED 77,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20262,075,000
23 Sep 20261,900,000
4 Aug 20261,700,000
13 Feb 20262,325,000
5 2-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 14th floor

All 161 units in The Waves Tower A
Value
A1411-bedAED 1.15M · Aug 2018
A1421-bedAED 1.08M · Nov 2018
A1431-bedAED 1.2M · Apr 2022
A1441-bedAED 1M · Apr 2013
A1451-bedAED 1.3M · Oct 2015
A1463-bedAED 1.6M · Jun 2010
A1472-bedAED 1.45M · Nov 2012

A148, The Waves Tower A in numbers

  • Sold 3 times: first on 23 July 2011 for AED 798,000, last on 26 March 2013 for AED 1,150,000 (AED 949 per sqft).
  • Rented since June 2013 on 6 Ejari contracts, from AED 100,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2013 price is 6.7%, before a service charge of about AED 18,900 a year (AED 15.61 per sqft).
  • Two-beds in The Waves Tower A sold for AED 1,700,000–2,325,000 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 6 January 2020.

Questions about A148, The Waves Tower A

What did unit A148 last sell for?

AED 1,150,000 on 26 March 2013: AED 949 per sqft for 1,211 sqft. The unit has 3 registered sales; the first was AED 798,000 in July 2011.

What is the rent for unit A148?

AED 77,000 a year on the contract signed on 6 January 2020. The previous contract, from October 2018, was AED 95,000; the unit has been rented since June 2013.

How big is unit A148?

1,211 sqft (112.5 sqm): a two-bedroom apartment on the 14th floor of a 26-storey tower completed in 2007.

What is unit A148 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Waves Tower A sold for AED 1,700,000 to 2,325,000 in the last 12 months, around AED 1,514 per sqft.

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Mortgage on A148, The Waves Tower A

Starts from the last sale price (AED 1.15M, 26 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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