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Studio · 404 sqftWavez Residence, Liwan · 3rd floor · completed 2022

A308, Wavez Residence

Sold prices and rental history: sold once, by the developer in March 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A308 · DLD and Ejari recordsUpdated 20 March 2026
Last soldAED 382K26 March 2020
Current rentAED 38K /yr20 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A308, Wavez Residence

What is A308 worth today?

Last sold for AED 382,000 in 2020

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20 Mar 2026RentedRenewal
AED 38,000/yr12 months · AED 95 per sqft
20 Mar 2025RentedRenewal
AED 38,000/yr12 months · AED 95 per sqft
20 Mar 2024RentedNew contract
AED 38,000/yr12 months · AED 95 per sqft
26 Mar 2020Sold by developerOff-plan
AED 382,000AED 945 per sqft

Source: Dubai Land Department. Updated 20 March 2026.

Key facts

Type
Studio apartment
Size
404 sqft
Floor
3rd of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 382K · March 2020
Building
Wavez Residence

About A308, Wavez Residence

A308 is a studio of 404 sqft on the 3rd floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 26 March 2020 for AED 382,000, or AED 945 per sqft, 10% above the AED 862 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 20 March 2026, is AED 38,000 a year: a gross yield of 10.0% on the 2020 price.

Sales and rents for A308 over time

Sales
Unit A308, each saleTypical studio in Wavez Residence
400K500K20192021202320252027Typical sale price by year: 2019 AED 351,750; 2020 AED 350,000; 2021 AED 350,000; 2022 AED 337,000; 2023 AED 365,000; 2024 AED 437,500; 2025 AED 520,000; 2026 AED 500,000Sold by developer, March 2020: AED 382,000 (AED 945 per sqft)

A308 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A308, each contractTypical studio in Wavez Residence
38K40K42K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, March 2024: AED 38,000 a yearRenewal, March 2025: AED 38,000 a yearRenewal, March 2026: AED 38,000 a year

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

Studios in Wavez Residence, and where A308 sits

All 338 studios →

A308 last sold in March 2020 at AED 945 per sqft, 10% above what studios in Wavez Residence were fetching at the time (AED 862). Over the last 12 months studios sold for AED 304,570 to 639,999, around AED 1,246 per sqft, and rent for AED 35,000 to 60,000 a year. A308's AED 38,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Nov 2026460,000
2 Nov 2026462,000
21 Sep 2026450,000
9 Sep 2026505,000
28 studio sales in the last 12 months

Wavez Residence

Building

414 apartments, studios to 1-bed over 10 floors in Liwan, completed in 2022 by Danube Properties Development. 37 sold in the last 12 months.

Typical price per sqft
AED 1,229 Up 2.2%
Typical sale
AED 520K
Typical rent
AED 42K /yr
Typical yield
8.2%
Wavez Residence, Liwan: prices, sales and rents →

Other units on the 3rd floor

All 414 units in Wavez Residence
Value
A3011-bedAED 585K · Jun 2021
A3021-bedAED 584K · May 2021
A3031-bedAED 750K · Jul 2026
A3041-bedAED 566K · Jun 2021
A305StudioAED 379K · Nov 2019
A306StudioAED 415K · Aug 2023
A307StudioAED 379K · Oct 2019
1–7 of 41

A308, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 26 March 2020 for AED 382,000, or AED 945 per sqft.
  • Rented since March 2024 on 3 Ejari contracts, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2020 price is 10.0%.
  • Studios in Wavez Residence sold for AED 304,570–639,999 in the 12 months to November 2026; the building's median across all types is AED 1,229 per sqft.

Source: Dubai Land Department. Updated 20 March 2026.

Questions about A308, Wavez Residence

What did unit A308 last sell for?

AED 382,000 on 26 March 2020, sold by the developer: AED 945 per sqft for 404 sqft. It is the only registered sale of the unit.

What is the rent for unit A308?

AED 38,000 a year on the contract renewed on 20 March 2026. The previous contract, from March 2025, was AED 38,000; the unit has been rented since March 2024.

How big is unit A308?

404 sqft (37.5 sqm): a studio on the 3rd floor of a 10-storey tower completed in 2022.

What is unit A308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Wavez Residence sold for AED 304,570 to 639,999 in the last 12 months, around AED 1,246 per sqft.

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Mortgage on A308, Wavez Residence

Starts from the last sale price (AED 382K, 26 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 382,000
Deposit, UAE resident (20%)
AED 76,400
Deposit, non-resident (40%)
AED 152,800
Monthly over 25 years at 3.7%
AED 1,563

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