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Studio · 405 sqftWavez Residence, Liwan · 1st floor · completed 2022

B114, Wavez Residence

Sold prices and rental history: sold once, by the developer in December 2019, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B114 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 350K22 December 2019
Current rentAED 40K /yr3 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B114, Wavez Residence

What is B114 worth today?

Last sold for AED 350,000 in 2019

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3 Oct 2024RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
22 Dec 2019Sold by developerOff-plan
AED 350,000AED 863 per sqft

Source: Dubai Land Department. Updated 3 October 2024.

Key facts

Type
Studio apartment
Size
405 sqft
Floor
1st of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 350K · December 2019
Building
Wavez Residence

About B114, Wavez Residence

B114 is a studio of 405 sqft on the 1st floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 22 December 2019 for AED 350,000, or AED 863 per sqft, in line with the AED 862 studios in the building were fetching at the time.

One Ejari contract is registered, from 3 October 2024. The current contract, signed on 3 October 2024, is AED 40,000 a year: a gross yield of 11.4% on the 2019 price.

Sales and rents for B114 over time

Sales
Unit B114, 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, December 2019: AED 350,000 (AED 863 per sqft)

B114 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B114, each contractTypical studio in Wavez Residence
38K40K42K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, October 2024: AED 40,000 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 B114 sits

All 338 studios →

B114 last sold in December 2019 at AED 863 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. B114's AED 40,000 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 1st floor

All 414 units in Wavez Residence
Value
A1011-bedAED 566K · Oct 2021
A1021-bedAED 730K · Mar 2026
A103StudioAED 349K · Feb 2020
A104StudioAED 367K · Feb 2020
A105StudioAED 515K · May 2026
A106StudioAED 410K · May 2024
A107StudioAED 332K · Nov 2019
1–7 of 35

B114, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 22 December 2019 for AED 350,000, or AED 863 per sqft.
  • Rented since October 2024 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 11.4%.
  • 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 October 2024.

Questions about B114, Wavez Residence

What did unit B114 last sell for?

AED 350,000 on 22 December 2019, sold by the developer: AED 863 per sqft for 405 sqft. It is the only registered sale of the unit.

What is the rent for unit B114?

AED 40,000 a year on the contract signed on 3 October 2024.

How big is unit B114?

405 sqft (37.6 sqm): a studio on the 1st floor of a 10-storey tower completed in 2022.

What is unit B114 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 B114, Wavez Residence

Starts from the last sale price (AED 350K, 22 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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