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Studio · 406 sqftWavez Residence, Liwan · 5th floor · completed 2022

A516, Wavez Residence

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

Unit A516 · DLD and Ejari recordsUpdated 3 November 2026
Last soldAED 346K5 February 2020
Current rentAED 45K /yr3 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A516, Wavez Residence

What is A516 worth today?

Last sold for AED 345,600 in 2020

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3 Nov 2026RentedNew contract
AED 45,123/yr12 months · AED 113 per sqft
1 Nov 2026RentedRenewal
AED 42,000/yr12 months · AED 103 per sqft
1 Nov 2025RentedNew contract
AED 48,300/yr12 months · AED 118 per sqft
1 Nov 2024RentedNew contract
AED 46,000/yr12 months · AED 112 per sqft
5 Feb 2020Sold by developerOff-plan
AED 345,600AED 851 per sqft

Source: Dubai Land Department. Updated 3 November 2026.

Key facts

Type
Studio apartment
Size
406 sqft
Floor
5th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 346K · February 2020
Building
Wavez Residence

About A516, Wavez Residence

A516 is a studio of 406 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 5 February 2020 for AED 345,600, or AED 851 per sqft, in line with the AED 862 studios in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 3 November 2026, is AED 45,123 a year: a gross yield of 13.1% on the 2020 price.

Sales and rents for A516 over time

Sales
Unit A516, 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 345,600 (AED 851 per sqft)

A516 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A516, each contractTypical studio in Wavez Residence
40K45K50K202320252027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, November 2024: AED 46,000 a yearNew contract, November 2025: AED 48,300 a yearNew contract, November 2026: AED 45,123 a yearRenewal, November 2026: AED 42,000 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 A516 sits

All 338 studios →

A516 last sold in February 2020 at AED 851 per sqft, in line with 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. A516's AED 45,123 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
A506StudioAED 515K · Nov 2025
A507StudioAED 350K · Nov 2021
1–7 of 41

A516, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 5 February 2020 for AED 345,600, or AED 851 per sqft.
  • Rented since November 2024 on 4 Ejari contracts, from AED 46,000 to AED 45,123 a year.
  • At AED 45,123 a year the gross yield on the 2020 price is 13.1%.
  • 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 3 November 2026.

Questions about A516, Wavez Residence

What did unit A516 last sell for?

AED 345,600 on 5 February 2020, sold by the developer: AED 851 per sqft for 406 sqft. It is the only registered sale of the unit.

What is the rent for unit A516?

AED 45,123 a year on the contract signed on 3 November 2026. The previous contract, from November 2026, was AED 42,000; the unit has been rented since November 2024.

How big is unit A516?

406 sqft (37.7 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit A516 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 A516, Wavez Residence

Starts from the last sale price (AED 346K, 5 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 345,600
Deposit, UAE resident (20%)
AED 69,120
Deposit, non-resident (40%)
AED 138,240
Monthly over 25 years at 3.7%
AED 1,414

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