1-bed · 1,344 sqftThe Waves Tower B, Dubai Marina · 7th floor · completed 2007

B71, The Waves Tower B

Sold prices and rental history: sold once, by the developer in July 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B71 · DLD and Ejari recordsUpdated 23 July 2023
Last soldAED 860K20 July 2011
Current rentAED 88K /yr23 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B71, The Waves Tower B

What is B71 worth today?

Last sold for AED 860,000 in 2011

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23 Jul 2023RentedRenewal
AED 88,000/yr12 months · AED 65 per sqft
23 Jul 2023RentedRenewal
AED 88,000/yr12 months · AED 65 per sqft
23 Jul 2022RentedRenewal
AED 80,000/yr12 months · AED 59 per sqft
23 Jan 2022RentedRenewal
AED 80,000/yr6 months · AED 59 per sqft
23 Apr 2021RentedRenewal
AED 53,333/yr9 months · AED 40 per sqft
23 Apr 2020RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
23 Apr 2019RentedRenewal
AED 73,370/yr12 months · AED 55 per sqft
23 Apr 2018RentedRenewal
AED 94,500/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 23 July 2023.

Key facts

Type
1-bed apartment
Size
1,344 sqft
Floor
7th of 10
Parking
B1-211
Developer
DAMAC PROPERTIES CO
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 860K · July 2011

About B71, The Waves Tower B

B71 is a one-bedroom apartment of 1,344 sqft on the 7th floor of The Waves Tower B, a 10-storey tower in Dubai Marina completed in 2007 by DAMAC PROPERTIES CO. The developer sold it on 20 July 2011 for AED 860,000, or AED 639 per sqft, in line with the AED 653 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 23 July 2023, is AED 88,000 a year: a gross yield of 10.2% on the 2011 price, before the service charge of about AED 21,000 a year.

Sales and rents for B71 over time

Sales
Unit B71, each saleTypical one-bed in The Waves Tower B
1M1.5M2008201320182023Typical sale price by year: 2008 AED 887,500; 2009 AED 702,500; 2010 AED 710,165; 2011 AED 950,000; 2012 AED 1,065,000; 2013 AED 1,150,000; 2014 AED 1,706,040; 2017 AED 1,350,000; 2021 AED 850,000; 2022 AED 950,000; 2024 AED 1,340,000; 2025 AED 1,500,000Sold by developer, July 2011: AED 860,000 (AED 639 per sqft)

B71 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B71, each contractTypical one-bed in The Waves Tower B
50K75K100K2013201720212025Typical rent by year: 2013 AED 89,000; 2014 AED 108,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 70,000; 2021 AED 66,500; 2022 AED 73,250; 2023 AED 88,000; 2024 AED 100,000; 2025 AED 104,000; 2026 AED 92,250New contract, April 2016: AED 94,500 a yearRenewal, April 2017: AED 94,755 a yearRenewal, April 2018: AED 94,500 a yearRenewal, April 2019: AED 73,370 a yearNew contract, April 2020: AED 75,000 a yearRenewal, April 2021: AED 53,333 a yearRenewal, January 2022: AED 80,000 a yearRenewal, July 2022: AED 80,000 a yearRenewal, July 2023: AED 88,000 a yearRenewal, July 2023: AED 88,000 a year

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

1-beds in The Waves Tower B, and where B71 sits

All 54 1-beds →

B71 last sold in July 2011 at AED 639 per sqft, in line with what one-beds in The Waves Tower B were fetching at the time (AED 653). Over the last 12 months one-beds sold for AED 1,440,000 to 2,000,000, around AED 1,470 per sqft, and rent for AED 78,000 to 155,000 a year. B71's AED 88,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jul 20261,440,000
5 May 20262,000,000
10 Dec 20251,510,000
26 Aug 20251,500,000
3 1-bed sales in the last 12 months

The Waves Tower B

Building

86 apartments, 1-bed to 4-bed over 10 floors in Dubai Marina, completed in 2007 by DAMAC PROPERTIES CO. 4 sold in the last 12 months.

Typical price per sqft
AED 1,472
Typical sale
AED 1.76M
Typical rent
AED 103K /yr
Typical yield
5.7%
The Waves Tower B, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 86 units in The Waves Tower B
Value
B72B1-bedAED 1.78M · Apr 2014
B72a1-bedAED 1.56M · Jul 2013
B731-bedAED 775K · Dec 2008
B743-bedAED 2.5M · May 2022
B753-bedAED 2.7M · Aug 2022
B762-bedAED 1.44M · Apr 2022
B771-bedAED 1.44M · Jul 2026
1–7 of 9

B71, The Waves Tower B in numbers

  • Sold once: by DAMAC PROPERTIES CO on 20 July 2011 for AED 860,000, or AED 639 per sqft.
  • Rented since April 2016 on 10 Ejari contracts. The rent fell from AED 94,500 to AED 53,333 in 2021 and recovered to AED 88,000 by July 2023.
  • At AED 88,000 a year the gross yield on the 2011 price is 10.2%, before a service charge of about AED 21,000 a year (AED 15.61 per sqft).
  • One-beds in The Waves Tower B sold for AED 1,440,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,472 per sqft.

Source: Dubai Land Department. Updated 23 July 2023.

Questions about B71, The Waves Tower B

What did unit B71 last sell for?

AED 860,000 on 20 July 2011, sold by the developer: AED 639 per sqft for 1,344 sqft. It is the only registered sale of the unit.

What is the rent for unit B71?

AED 88,000 a year on the contract renewed on 23 July 2023. The previous contract, from July 2023, was AED 88,000; the unit has been rented since April 2016.

How big is unit B71?

1,344 sqft (124.9 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2007.

What is unit B71 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Waves Tower B sold for AED 1,440,000 to 2,000,000 in the last 12 months, around AED 1,470 per sqft.

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Mortgage on B71, The Waves Tower B

Starts from the last sale price (AED 860K, 20 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 860,000
Deposit, UAE resident (20%)
AED 172,000
Deposit, non-resident (40%)
AED 344,000
Monthly over 25 years at 3.7%
AED 3,519

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