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3-bed · 1,844 sqftThe Waves Tower A, Dubai Marina · 22nd floor · completed 2007

A223, The Waves Tower A

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A223 · DLD and Ejari recordsUpdated 18 November 2020
Last soldAED 1.22M18 November 2020
Current rentAED 173K /yr17 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A223, The Waves Tower A

What is A223 worth today?

Last sold for AED 1,220,000 in 2020

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18 Nov 2020SoldReady
AED 1,220,000AED 661 per sqft
17 Jun 2016RentedRenewal
AED 173,250/yr12 months · AED 94 per sqft
17 Jun 2015RentedRenewal
AED 173,250/yr12 months · AED 94 per sqft
17 Jun 2014RentedNew contract
AED 173,250/yr12 months · AED 94 per sqft
17 Jun 2013RentedNew contract
AED 165,000/yr12 months · AED 90 per sqft
25 May 2012RentedNew contract
AED 130,000/yr12 months · AED 71 per sqft
2 Nov 2008Sold by developerReady
AED 1,219,000AED 661 per sqft

Source: Dubai Land Department. Updated 18 November 2020.

Key facts

Type
3-bed apartment
Size
1,844 sqft
Floor
22nd of 26
Parking
B3-17
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 28,800 /yr
Last sold
AED 1.22M · November 2020
Building
The Waves Tower A

About A223, The Waves Tower A

A223 is a three-bedroom apartment of 1,844 sqft on the 22nd floor of The Waves Tower A, a 26-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. It last sold on 18 November 2020 for AED 1,220,000, or AED 661 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 17 June 2016, is AED 173,250 a year: a gross yield of 14.2% on the 2020 price, before the service charge of about AED 28,800 a year.

Sales and rents for A223 over time

Sales
Unit A223, each saleTypical three-bed in The Waves Tower A
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,234,000; 2009 AED 1,324,500; 2010 AED 1,712,500; 2011 AED 1,372,000; 2012 AED 1,875,000; 2013 AED 1,922,500; 2016 AED 2,350,000; 2017 AED 2,350,000; 2018 AED 3,100,000; 2021 AED 3,050,000; 2023 AED 2,400,000; 2024 AED 2,800,000; 2025 AED 3,025,000Sold by developer, November 2008: AED 1,219,000 (AED 661 per sqft)Sold, November 2020: AED 1,220,000 (AED 661 per sqft)

A223 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit A223, each contractTypical three-bed in The Waves Tower A
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 172,700; 2014 AED 177,500; 2015 AED 180,381; 2016 AED 180,000; 2017 AED 167,480; 2018 AED 152,500; 2019 AED 140,000; 2020 AED 120,000; 2021 AED 110,000; 2022 AED 126,000; 2023 AED 155,000; 2024 AED 168,000; 2025 AED 180,000; 2026 AED 175,000New contract, May 2012: AED 130,000 a yearNew contract, June 2013: AED 165,000 a yearNew contract, June 2014: AED 173,250 a yearRenewal, June 2015: AED 173,250 a yearRenewal, June 2016: AED 173,250 a year

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

3-beds in The Waves Tower A, and where A223 sits

All 32 3-beds →

Over the last 12 months three-beds sold for AED 2,900,000 to 3,900,000, around AED 1,626 per sqft, and rent for AED 157,500 to 190,000 a year. A223's AED 173,250 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Jul 20263,400,000
18 Dec 20252,900,000
28 Nov 20253,000,000
20 Nov 20253,900,000
5 3-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 22nd floor

All 161 units in The Waves Tower A
Value
A2212-bedAED 2.06M · Sep 2024
A2222-bedAED 900K · Oct 2020
A2243-bedAED 2.8M · Aug 2024
A2252-bedAED 1.71M · May 2024
A2262-bedAED 585K · Jul 2021

A223, The Waves Tower A in numbers

  • Sold twice: first on 2 November 2008 for AED 1,219,000, last on 18 November 2020 for AED 1,220,000 (AED 661 per sqft).
  • Rented since May 2012 on 5 Ejari contracts, from AED 130,000 to AED 173,250 a year.
  • At AED 173,250 a year the gross yield on the 2020 price is 14.2%, before a service charge of about AED 28,800 a year (AED 15.61 per sqft).
  • Three-beds in The Waves Tower A sold for AED 2,900,000–3,900,000 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 18 November 2020.

Questions about A223, The Waves Tower A

What did unit A223 last sell for?

AED 1,220,000 on 18 November 2020: AED 661 per sqft for 1,844 sqft. The unit has 2 registered sales; the first was AED 1,219,000 in November 2008.

What is the rent for unit A223?

AED 173,250 a year on the contract renewed on 17 June 2016. The previous contract, from June 2015, was AED 173,250; the unit has been rented since May 2012.

How big is unit A223?

1,844 sqft (171.3 sqm): a three-bedroom apartment on the 22nd floor of a 26-storey tower completed in 2007.

What is unit A223 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Waves Tower A sold for AED 2,900,000 to 3,900,000 in the last 12 months, around AED 1,626 per sqft.

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Mortgage on A223, The Waves Tower A

Starts from the last sale price (AED 1.22M, 18 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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