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2-bed · 1,314 sqftThe Waves Tower A, Dubai Marina · 23rd floor · completed 2007

A232, The Waves Tower A

Sold prices and rental history: sold once, by the developer in July 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A232 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 929K22 July 2009
Current rentAED 140K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A232, The Waves Tower A

What is A232 worth today?

Last sold for AED 929,000 in 2009

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1 Jan 2025RentedRenewal
AED 140,000/yr12 months · AED 107 per sqft
1 Jan 2025RentedRenewal
AED 140,000/yr12 months · AED 107 per sqft
1 Jan 2024RentedNew contract
AED 140,000/yr12 months · AED 107 per sqft
1 Mar 2022RentedRenewal
AED 85,000/yr12 months · AED 65 per sqft
1 Mar 2021RentedNew contract
AED 78,000/yr12 months · AED 59 per sqft
1 May 2020RentedRenewal
AED 85,000/yr12 months · AED 65 per sqft
1 May 2019RentedRenewal
AED 90,000/yr12 months · AED 69 per sqft
1 May 2018RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type
2-bed apartment
Size
1,314 sqft
Floor
23rd of 26
Parking
B1-221,B1-251
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 20,500 /yr
Last sold
AED 929K · July 2009
Building
The Waves Tower A

About A232, The Waves Tower A

A232 is a two-bedroom apartment of 1,314 sqft on the 23rd floor of The Waves Tower A, a 26-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. The developer sold it on 22 July 2009 for AED 929,000, or AED 707 per sqft, 3% above the AED 684 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 140,000 a year: a gross yield of 15.1% on the 2009 price, before the service charge of about AED 20,500 a year.

Sales and rents for A232 over time

Sales
Unit A232, 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 2009: AED 929,000 (AED 707 per sqft)

A232 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A232, each contractTypical two-bed in The Waves Tower A
100K150K2012201620202024Typical 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, May 2012: AED 100,000 a yearNew contract, May 2013: AED 100,000 a yearNew contract, May 2014: AED 115,000 a yearNew contract, March 2015: AED 130,000 a yearRenewal, March 2016: AED 130,000 a yearNew contract, May 2018: AED 100,000 a yearRenewal, May 2019: AED 90,000 a yearRenewal, May 2020: AED 85,000 a yearNew contract, March 2021: AED 78,000 a yearRenewal, March 2022: AED 85,000 a yearNew contract, January 2024: AED 140,000 a yearRenewal, January 2025: AED 140,000 a yearRenewal, January 2025: AED 140,000 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 A232 sits

All 54 2-beds →

A232 last sold in July 2009 at AED 707 per sqft, 3% above what two-beds in The Waves Tower A were fetching at the time (AED 684). 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. A232's AED 140,000 is in the upper half 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 23rd floor

All 161 units in The Waves Tower A
Value
A2312-bedAED 1.56M · Nov 2022
A2333-bedAED 1.17M · Apr 2013
A2343-bedAED 3.4M · Jul 2026
A2352-bedAED 1.3M · Sep 2022
A2362-bedAED 1.35M · Jan 2013

A232, The Waves Tower A in numbers

  • Sold once: by DAMAC PROPERTIES CO on 22 July 2009 for AED 929,000, or AED 707 per sqft.
  • Rented since May 2012 on 13 Ejari contracts. The rent fell from AED 100,000 to AED 78,000 in 2021 and recovered to AED 140,000 by January 2025.
  • At AED 140,000 a year the gross yield on the 2009 price is 15.1%, before a service charge of about AED 20,500 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 1 January 2025.

Questions about A232, The Waves Tower A

What did unit A232 last sell for?

AED 929,000 on 22 July 2009, sold by the developer: AED 707 per sqft for 1,314 sqft. It is the only registered sale of the unit.

What is the rent for unit A232?

AED 140,000 a year on the contract renewed on 1 January 2025. The previous contract, from January 2025, was AED 140,000; the unit has been rented since May 2012.

How big is unit A232?

1,314 sqft (122.1 sqm): a two-bedroom apartment on the 23rd floor of a 26-storey tower completed in 2007.

What is unit A232 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 A232, The Waves Tower A

Starts from the last sale price (AED 929K, 22 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 929,000
Deposit, UAE resident (20%)
AED 185,800
Deposit, non-resident (40%)
AED 371,600
Monthly over 25 years at 3.7%
AED 3,801

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