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2-bed · 1,314 sqftThe Waves Tower A, Dubai Marina · 24th floor · completed 2007

A242, The Waves Tower A

Sold prices and rental history: sold 3 times, last in December 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A242 · DLD and Ejari recordsUpdated 10 December 2015
Last soldAED 988K10 December 2015
Current rentAED 160K /yr12 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A242, The Waves Tower A

What is A242 worth today?

Last sold for AED 987,500 in 2015

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10 Dec 2015SoldReady
AED 987,500AED 751 per sqft
12 Jul 2014RentedNew contract
AED 160,000/yr12 months · AED 122 per sqft
12 Jan 2013RentedNew contract
AED 105,000/yr12 months · AED 80 per sqft
23 Aug 2010SoldReady
AED 566,500AED 431 per sqft
16 May 2010Sold by developerReady
AED 939,000AED 714 per sqft

Source: Dubai Land Department. Updated 10 December 2015.

Key facts

Type
2-bed apartment
Size
1,314 sqft
Floor
24th of 26
Parking
B3-11
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 20,500 /yr
Last sold
AED 988K · December 2015
Building
The Waves Tower A

About A242, The Waves Tower A

A242 is a two-bedroom apartment of 1,314 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 10 December 2015 for AED 987,500, or AED 751 per sqft, 19% above the AED 632 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 12 July 2014, is AED 160,000 a year: a gross yield of 16.2% on the 2015 price, before the service charge of about AED 20,500 a year.

Sales and rents for A242 over time

Sales
Unit A242, each saleTypical two-bed in The Waves Tower A
1M2M2008201320182023Typical 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, May 2010: AED 939,000 (AED 714 per sqft)Sold, August 2010: AED 566,500 (AED 431 per sqft)Sold, December 2015: AED 987,500 (AED 751 per sqft)

A242 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit A242, 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, January 2013: AED 105,000 a yearNew contract, July 2014: AED 160,000 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 A242 sits

All 54 2-beds →

A242 last sold in December 2015 at AED 751 per sqft, 19% above what two-beds in The Waves Tower A were fetching at the time (AED 632). 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. A242's AED 160,000 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
A2412-bedAED 1.6M · Dec 2012
A2433-bedAED 2.5M · Apr 2013
A2443-bedAED 2.6M · Mar 2023
A2452-bedAED 1.55M · Sep 2023
A2462-bedAED 1.85M · Feb 2026

A242, The Waves Tower A in numbers

  • Sold 3 times: first on 16 May 2010 for AED 939,000, last on 10 December 2015 for AED 987,500 (AED 751 per sqft).
  • Rented since January 2013 on 2 Ejari contracts, from AED 105,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2015 price is 16.2%, 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 10 December 2015.

Questions about A242, The Waves Tower A

What did unit A242 last sell for?

AED 987,500 on 10 December 2015: AED 751 per sqft for 1,314 sqft. The unit has 3 registered sales; the first was AED 939,000 in May 2010.

What is the rent for unit A242?

AED 160,000 a year on the contract signed on 12 July 2014. The previous contract, from January 2013, was AED 105,000.

How big is unit A242?

1,314 sqft (122.1 sqm): a two-bedroom apartment on the 24th floor of a 26-storey tower completed in 2007.

What is unit A242 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 A242, The Waves Tower A

Starts from the last sale price (AED 988K, 10 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 987,500
Deposit, UAE resident (20%)
AED 197,500
Deposit, non-resident (40%)
AED 395,000
Monthly over 25 years at 3.7%
AED 4,040

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