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Studio · 403 sqftWavez Residence, Liwan · 5th floor · completed 2022

A506, Wavez Residence

Sold prices and rental history: sold 3 times, last in November 2025, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A506 · DLD and Ejari recordsUpdated 8 August 2026
Last soldAED 515K18 November 2025
Current rentAED 46K /yr8 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A506, Wavez Residence

What is A506 worth today?

Last sold for AED 515,000 in 2025

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8 Aug 2026RentedNew contract
AED 46,200/yr12 months · AED 116 per sqft
18 Nov 2025SoldReady
AED 515,000AED 1,277 per sqft
29 Nov 2024RentedNew contract
AED 42,000/yr12 months · AED 105 per sqft
16 Aug 2023SoldReady
AED 360,000AED 893 per sqft
11 Feb 2020Sold by developerOff-plan
AED 355,000AED 883 per sqft

Source: Dubai Land Department. Updated 8 August 2026.

Key facts

Type
Studio apartment
Size
403 sqft
Floor
5th of 10
Parking
P1-61
Developer
Danube Properties Development
Completed
2022
Last sold
AED 515K · November 2025
Building
Wavez Residence

About A506, Wavez Residence

A506 is a studio of 403 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 18 November 2025 for AED 515,000, or AED 1,277 per sqft, in line with the AED 1,253 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 8 August 2026, is AED 46,200 a year: a gross yield of 9.0% on the 2025 price.

Sales and rents for A506 over time

Sales
Unit A506, 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, February 2020: AED 355,000 (AED 883 per sqft)Sold, August 2023: AED 360,000 (AED 893 per sqft)Sold, November 2025: AED 515,000 (AED 1,277 per sqft)

A506 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit A506, each contractTypical studio in Wavez Residence
40K45K202320252027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, November 2024: AED 42,000 a yearNew contract, August 2026: AED 46,200 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 A506 sits

All 338 studios →

A506 last sold in November 2025 at AED 1,277 per sqft, in line with what studios in Wavez Residence were fetching at the time (AED 1,253). 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. A506's AED 46,200 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 5th floor

All 414 units in Wavez Residence
Value
A5011-bedAED 615K · Aug 2020
A5021-bedAED 600K · Mar 2020
A5031-bedAED 603K · Oct 2019
A5041-bedAED 730K · Mar 2024
A505StudioAED 379K · Dec 2019
A507StudioAED 350K · Nov 2021
A508StudioAED 382K · Feb 2020
1–7 of 41

A506, Wavez Residence in numbers

  • Sold 3 times: first on 11 February 2020 for AED 355,000, last on 18 November 2025 for AED 515,000 (AED 1,277 per sqft).
  • Rented since November 2024 on 2 Ejari contracts, from AED 42,000 to AED 46,200 a year.
  • At AED 46,200 a year the gross yield on the 2025 price is 9.0%.
  • 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 8 August 2026.

Questions about A506, Wavez Residence

What did unit A506 last sell for?

AED 515,000 on 18 November 2025: AED 1,277 per sqft for 403 sqft. The unit has 3 registered sales; the first was AED 355,000 in February 2020.

What is the rent for unit A506?

AED 46,200 a year on the contract signed on 8 August 2026. The previous contract, from November 2024, was AED 42,000.

How big is unit A506?

403 sqft (37.4 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit A506 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 A506, Wavez Residence

Starts from the last sale price (AED 515K, 18 November 2025). Switch to today's estimate once you have unlocked it.
Price
AED 515,000
Deposit, UAE resident (20%)
AED 103,000
Deposit, non-resident (40%)
AED 206,000
Monthly over 25 years at 3.7%
AED 2,107

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