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Studio · 407 sqftWavez Residence, Liwan · 5th floor · completed 2022

A518, Wavez Residence

Sold prices and rental history: sold twice, last in September 2024, and rented once, from April 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A518 · DLD and Ejari recordsUpdated 27 April 2026
Last soldAED 500K2 September 2024
Current rentAED 43K /yr27 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A518, Wavez Residence

What is A518 worth today?

Last sold for AED 500,000 in 2024

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27 Apr 2026RentedRenewal
AED 43,200/yr12 months · AED 106 per sqft
2 Sep 2024SoldReady
AED 500,000AED 1,228 per sqft
13 Oct 2019Sold by developerOff-plan
AED 357,500AED 881 per sqft

Source: Dubai Land Department. Updated 27 April 2026.

Key facts

Type
Studio apartment
Size
407 sqft
Floor
5th of 10
Parking
P1-65
Developer
Danube Properties Development
Completed
2022
Last sold
AED 500K · September 2024
Building
Wavez Residence

About A518, Wavez Residence

A518 is a studio of 407 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 2 September 2024 for AED 500,000, or AED 1,228 per sqft, 19% above the AED 1,028 studios in the building were fetching at the time.

One Ejari contract is registered, from 27 April 2026. The current contract, renewed on 27 April 2026, is AED 43,200 a year: a gross yield of 8.6% on the 2024 price.

Sales and rents for A518 over time

Sales
Unit A518, 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, October 2019: AED 357,500 (AED 881 per sqft)Sold, September 2024: AED 500,000 (AED 1,228 per sqft)

A518 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A518, each contractTypical studio in Wavez Residence
38K40K43K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000Renewal, April 2026: AED 43,200 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 A518 sits

All 338 studios →

A518 last sold in September 2024 at AED 1,228 per sqft, 19% above what studios in Wavez Residence were fetching at the time (AED 1,028). 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. A518's AED 43,200 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
A506StudioAED 515K · Nov 2025
A507StudioAED 350K · Nov 2021
1–7 of 41

A518, Wavez Residence in numbers

  • Sold twice: first on 13 October 2019 for AED 357,500, last on 2 September 2024 for AED 500,000 (AED 1,228 per sqft).
  • Rented since April 2026 on one Ejari contract, at AED 43,200 a year.
  • At AED 43,200 a year the gross yield on the 2024 price is 8.6%.
  • 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 27 April 2026.

Questions about A518, Wavez Residence

What did unit A518 last sell for?

AED 500,000 on 2 September 2024: AED 1,228 per sqft for 407 sqft. The unit has 2 registered sales; the first was AED 357,500 in October 2019.

What is the rent for unit A518?

AED 43,200 a year on the contract renewed on 27 April 2026.

How big is unit A518?

407 sqft (37.8 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit A518 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 A518, Wavez Residence

Starts from the last sale price (AED 500K, 2 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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