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Studio · 399 sqftWavez Residence, Liwan · 4th floor · completed 2022

A408, Wavez Residence

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

Unit A408 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 425K5 June 2024
Current rentAED 66K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A408, Wavez Residence

What is A408 worth today?

Last sold for AED 425,000 in 2024

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1 Jun 2025RentedNew contract
AED 66,000/yr12 months · AED 166 per sqft
5 Jun 2024SoldReady
AED 425,000AED 1,066 per sqft
27 Nov 2019Sold by developerOff-plan
AED 374,360AED 926 per sqft

Source: Dubai Land Department. Updated 1 June 2025.

Key facts

Type
Studio apartment
Size
399 sqft
Floor
4th of 10
Parking
P1-145
Developer
Danube Properties Development
Completed
2022
Last sold
AED 425K · June 2024
Building
Wavez Residence

About A408, Wavez Residence

A408 is a studio of 399 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 5 June 2024 for AED 425,000, or AED 1,066 per sqft, 11% above the AED 958 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2025. The current contract, signed on 1 June 2025, is AED 66,000 a year: a gross yield of 15.5% on the 2024 price.

Sales and rents for A408 over time

Sales
Unit A408, 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, November 2019: AED 374,360 (AED 926 per sqft)Sold, June 2024: AED 425,000 (AED 1,066 per sqft)

A408 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A408, each contractTypical studio in Wavez Residence
40K60K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, June 2025: AED 66,000 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 A408 sits

All 338 studios →

A408 last sold in June 2024 at AED 1,066 per sqft, 11% above what studios in Wavez Residence were fetching at the time (AED 958). 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. A408's AED 66,000 is at the top 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
A407StudioAED 445K · Dec 2024
1–7 of 41

A408, Wavez Residence in numbers

  • Sold twice: first on 27 November 2019 for AED 374,360, last on 5 June 2024 for AED 425,000 (AED 1,066 per sqft).
  • Rented since June 2025 on one Ejari contract, at AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2024 price is 15.5%.
  • 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 1 June 2025.

Questions about A408, Wavez Residence

What did unit A408 last sell for?

AED 425,000 on 5 June 2024: AED 1,066 per sqft for 399 sqft. The unit has 2 registered sales; the first was AED 374,360 in November 2019.

What is the rent for unit A408?

AED 66,000 a year on the contract signed on 1 June 2025.

How big is unit A408?

399 sqft (37.1 sqm): a studio on the 4th floor of a 10-storey tower completed in 2022.

What is unit A408 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 A408, Wavez Residence

Starts from the last sale price (AED 425K, 5 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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