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Studio · 403 sqftWavez Residence, Liwan · 4th floor · completed 2022

A407, Wavez Residence

Sold prices and rental history: sold twice, last in December 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A407 · DLD and Ejari recordsUpdated 4 January 2026
Last soldAED 445K13 December 2024
Current rentAED 45K /yr4 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A407, Wavez Residence

What is A407 worth today?

Last sold for AED 445,000 in 2024

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4 Jan 2026RentedNew contract
AED 45,000/yr12 months · AED 113 per sqft
4 Jan 2025RentedNew contract
AED 45,000/yr12 months · AED 113 per sqft
4 Jan 2025RentedNew contract
AED 45,000/yr12 months · AED 113 per sqft
13 Dec 2024SoldReady
AED 445,000AED 1,103 per sqft
27 Jan 2020Sold by developerOff-plan
AED 376,200AED 935 per sqft

Source: Dubai Land Department. Updated 4 January 2026.

Key facts

Type
Studio apartment
Size
403 sqft
Floor
4th of 10
Parking
P1-7
Developer
Danube Properties Development
Completed
2022
Last sold
AED 445K · December 2024
Building
Wavez Residence

About A407, Wavez Residence

A407 is a studio of 403 sqft on the 4th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 13 December 2024 for AED 445,000, or AED 1,103 per sqft, 4% above the AED 1,056 studios in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 4 January 2026, is AED 45,000 a year: a gross yield of 10.1% on the 2024 price.

Sales and rents for A407 over time

Sales
Unit A407, 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, January 2020: AED 376,200 (AED 935 per sqft)Sold, December 2024: AED 445,000 (AED 1,103 per sqft)

A407 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A407, each contractTypical studio in Wavez Residence
40K45K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, January 2025: AED 45,000 a yearNew contract, January 2025: AED 45,000 a yearNew contract, January 2026: AED 45,000 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 A407 sits

All 338 studios →

A407 last sold in December 2024 at AED 1,103 per sqft, 4% above what studios in Wavez Residence were fetching at the time (AED 1,056). 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. A407's AED 45,000 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 4th floor

All 414 units in Wavez Residence
Value
A4011-bedAED 740K · Oct 2024
A4021-bedAED 595K · Feb 2020
A4031-bedAED 653K · Aug 2023
A4041-bedAED 584K · Nov 2019
A405StudioAED 379K · Oct 2019
A406StudioAED 460K · Jul 2024
A408StudioAED 425K · Jun 2024
1–7 of 41

A407, Wavez Residence in numbers

  • Sold twice: first on 27 January 2020 for AED 376,200, last on 13 December 2024 for AED 445,000 (AED 1,103 per sqft).
  • Rented since January 2025 on 3 Ejari contracts, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 10.1%.
  • 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 4 January 2026.

Questions about A407, Wavez Residence

What did unit A407 last sell for?

AED 445,000 on 13 December 2024: AED 1,103 per sqft for 403 sqft. The unit has 2 registered sales; the first was AED 376,200 in January 2020.

What is the rent for unit A407?

AED 45,000 a year on the contract signed on 4 January 2026. The previous contract, from January 2025, was AED 45,000; the unit has been rented since January 2025.

How big is unit A407?

403 sqft (37.4 sqm): a studio on the 4th floor of a 10-storey tower completed in 2022.

What is unit A407 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 A407, Wavez Residence

Starts from the last sale price (AED 445K, 13 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

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