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1-bed · 669 sqftWavez Residence, Liwan · 7th floor · completed 2022

A701, Wavez Residence

Sold prices and rental history: sold twice, last in November 2023, and rented once, from December 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A701 · DLD and Ejari recordsUpdated 16 December 2024
Last soldAED 615K14 November 2023
Current rentAED 65K /yr16 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A701, Wavez Residence

What is A701 worth today?

Last sold for AED 615,000 in 2023

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16 Dec 2024RentedNew contract
AED 65,000/yr12 months · AED 97 per sqft
14 Nov 2023SoldReady
AED 615,000AED 919 per sqft
4 Dec 2019Sold by developerOff-plan
AED 615,000AED 920 per sqft

Source: Dubai Land Department. Updated 16 December 2024.

Key facts

Type
1-bed apartment
Size
669 sqft
Floor
7th of 10
Parking
P2-31
Developer
Danube Properties Development
Completed
2022
Last sold
AED 615K · November 2023
Building
Wavez Residence

About A701, Wavez Residence

A701 is a one-bedroom apartment of 669 sqft on the 7th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 14 November 2023 for AED 615,000, or AED 919 per sqft, 6% below the AED 979 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 December 2024. The current contract, signed on 16 December 2024, is AED 65,000 a year: a gross yield of 10.6% on the 2023 price.

Sales and rents for A701 over time

Sales
Unit A701, each saleTypical one-bed in Wavez Residence
600K700K800K20192021202320252027Typical sale price by year: 2019 AED 602,700; 2020 AED 606,000; 2021 AED 596,550; 2023 AED 652,680; 2024 AED 709,000; 2025 AED 790,000; 2026 AED 775,000Sold by developer, December 2019: AED 615,000 (AED 920 per sqft)Sold, November 2023: AED 615,000 (AED 919 per sqft)

A701 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A701, each contractTypical one-bed in Wavez Residence
50K60K2024202520262027Typical rent by year: 2024 AED 52,000; 2025 AED 55,000; 2026 AED 60,000New contract, December 2024: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Wavez Residence, and where A701 sits

All 76 1-beds →

A701 last sold in November 2023 at AED 919 per sqft, 6% below what one-beds in Wavez Residence were fetching at the time (AED 979). Over the last 12 months one-beds sold for AED 700,000 to 830,000, around AED 1,185 per sqft, and rent for AED 48,300 to 73,000 a year. A701's AED 65,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Oct 2026700,000
30 Jul 2026750,000
21 May 2026790,000
29 Apr 2026830,000
9 1-bed 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 7th floor

All 414 units in Wavez Residence
Value
A7021-bedAED 830K · Dec 2025
A7031-bedAED 606K · Aug 2021
A7041-bedAED 698K · Sep 2024
A705StudioAED 376K · Feb 2020
A706StudioAED 385K · Oct 2019
A707StudioAED 385K · Oct 2019
A708StudioAED 378K · Oct 2019
1–7 of 41

A701, Wavez Residence in numbers

  • Sold twice: first on 4 December 2019 for AED 615,000, last on 14 November 2023 for AED 615,000 (AED 919 per sqft).
  • Rented since December 2024 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 10.6%.
  • One-beds in Wavez Residence sold for AED 700,000–830,000 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 16 December 2024.

Questions about A701, Wavez Residence

What did unit A701 last sell for?

AED 615,000 on 14 November 2023: AED 919 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 615,000 in December 2019.

What is the rent for unit A701?

AED 65,000 a year on the contract signed on 16 December 2024.

How big is unit A701?

669 sqft (62.2 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2022.

What is unit A701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Wavez Residence sold for AED 700,000 to 830,000 in the last 12 months, around AED 1,185 per sqft.

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Mortgage on A701, Wavez Residence

Starts from the last sale price (AED 615K, 14 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 615,000
Deposit, UAE resident (20%)
AED 123,000
Deposit, non-resident (40%)
AED 246,000
Monthly over 25 years at 3.7%
AED 2,516

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