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2-bed · 1,636 sqftThe Waves Tower A, Dubai Marina · 24th floor · completed 2007

A241, The Waves Tower A

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A241 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 1.6M5 December 2012
Current rentAED 180K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A241, The Waves Tower A

What is A241 worth today?

Last sold for AED 1,600,000 in 2012

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1 Aug 2023RentedNew contract
AED 180,000/yr12 months · AED 110 per sqft
1 Aug 2022RentedRenewal
AED 105,000/yr12 months · AED 64 per sqft
15 Jul 2021RentedNew contract
AED 100,000/yr13 months · AED 61 per sqft
1 Jul 2020RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
22 Mar 2019RentedNew contract
AED 105,000/yr12 months · AED 64 per sqft
7 Nov 2015RentedNew contract
AED 170,000/yr12 months · AED 104 per sqft
5 Dec 2012SoldReady
AED 1,600,000AED 977 per sqft
28 Sep 2010Sold by developerReady
AED 1,010,800AED 617 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
2-bed apartment
Size
1,636 sqft
Floor
24th of 26
Parking
B3-12
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 25,500 /yr
Last sold
AED 1.6M · December 2012
Building
The Waves Tower A

About A241, The Waves Tower A

A241 is a two-bedroom apartment of 1,636 sqft on the 24th floor of The Waves Tower A, a 26-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. It last sold on 5 December 2012 for AED 1,600,000, or AED 977 per sqft, 49% above the AED 656 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 August 2023, is AED 180,000 a year: a gross yield of 11.3% on the 2012 price, before the service charge of about AED 25,500 a year.

Sales and rents for A241 over time

Sales
Unit A241, 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, September 2010: AED 1,010,800 (AED 617 per sqft)Sold, December 2012: AED 1,600,000 (AED 977 per sqft)

A241 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A241, 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, November 2015: AED 170,000 a yearNew contract, March 2019: AED 105,000 a yearNew contract, July 2020: AED 85,000 a yearNew contract, July 2021: AED 100,000 a yearRenewal, August 2022: AED 105,000 a yearNew contract, August 2023: AED 180,000 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 A241 sits

All 54 2-beds →

A241 last sold in December 2012 at AED 977 per sqft, 49% above what two-beds in The Waves Tower A were fetching at the time (AED 656). 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. A241's AED 180,000 is at the top 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 24th floor

All 161 units in The Waves Tower A
Value
A2422-bedAED 988K · Dec 2015
A2433-bedAED 2.5M · Apr 2013
A2443-bedAED 2.6M · Mar 2023
A2452-bedAED 1.55M · Sep 2023
A2462-bedAED 1.85M · Feb 2026

A241, The Waves Tower A in numbers

  • Sold twice: first on 28 September 2010 for AED 1,010,800, last on 5 December 2012 for AED 1,600,000 (AED 977 per sqft).
  • Rented since November 2015 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 85,000 in 2020 and recovered to AED 180,000 by August 2023.
  • At AED 180,000 a year the gross yield on the 2012 price is 11.3%, before a service charge of about AED 25,500 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 August 2023.

Questions about A241, The Waves Tower A

What did unit A241 last sell for?

AED 1,600,000 on 5 December 2012: AED 977 per sqft for 1,636 sqft. The unit has 2 registered sales; the first was AED 1,010,800 in September 2010.

What is the rent for unit A241?

AED 180,000 a year on the contract signed on 1 August 2023. The previous contract, from August 2022, was AED 105,000; the unit has been rented since November 2015.

How big is unit A241?

1,636 sqft (152.0 sqm): a two-bedroom apartment on the 24th floor of a 26-storey tower completed in 2007.

What is unit A241 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 A241, The Waves Tower A

Starts from the last sale price (AED 1.6M, 5 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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