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Studio · 407 sqftWavez Residence, Liwan · 1st floor · completed 2022

B116, Wavez Residence

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

Unit B116 · DLD and Ejari recordsUpdated 4 September 2026
Last soldAED 400K24 July 2026
Current rentAED 40K /yr4 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B116, Wavez Residence

What is B116 worth today?

Last sold for AED 400,250 in 2026

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4 Sep 2026RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
24 Jul 2026SoldReady
AED 400,250AED 983 per sqft
1 May 2026RentedNew contract
AED 54,000/yr12 months · AED 133 per sqft
1 Jun 2025RentedRenewal
AED 40,000/yr12 months · AED 98 per sqft
1 Jun 2024RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
22 Dec 2019Sold by developerOff-plan
AED 332,500AED 820 per sqft

Source: Dubai Land Department. Updated 4 September 2026.

Key facts

Type
Studio apartment
Size
407 sqft
Floor
1st of 10
Parking
G-58
Developer
Danube Properties Development
Completed
2022
Last sold
AED 400K · July 2026
Building
Wavez Residence

About B116, Wavez Residence

B116 is a studio of 407 sqft on the 1st floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 24 July 2026 for AED 400,250, or AED 983 per sqft, 23% below the AED 1,277 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 4 September 2026, is AED 40,000 a year: a gross yield of 10.0% on the 2026 price.

Sales and rents for B116 over time

Sales
Unit B116, each saleTypical studio in Wavez Residence
300K400K500K201920222025Typical 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 332,500 (AED 820 per sqft)Sold, July 2026: AED 400,250 (AED 983 per sqft)

B116 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit B116, each contractTypical studio in Wavez Residence
40K50K202320252027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, June 2024: AED 40,000 a yearRenewal, June 2025: AED 40,000 a yearNew contract, May 2026: AED 54,000 a yearNew contract, September 2026: 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 B116 sits

All 338 studios →

B116 last sold in July 2026 at AED 983 per sqft, 23% below what studios in Wavez Residence were fetching at the time (AED 1,277). 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. B116'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

B116, Wavez Residence in numbers

  • Sold twice: first on 22 December 2019 for AED 332,500, last on 24 July 2026 for AED 400,250 (AED 983 per sqft).
  • Rented since June 2024 on 4 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2026 price is 10.0%.
  • 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 4 September 2026.

Questions about B116, Wavez Residence

What did unit B116 last sell for?

AED 400,250 on 24 July 2026: AED 983 per sqft for 407 sqft. The unit has 2 registered sales; the first was AED 332,500 in December 2019.

What is the rent for unit B116?

AED 40,000 a year on the contract signed on 4 September 2026. The previous contract, from May 2026, was AED 54,000; the unit has been rented since June 2024.

How big is unit B116?

407 sqft (37.8 sqm): a studio on the 1st floor of a 10-storey tower completed in 2022.

What is unit B116 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 B116, Wavez Residence

Starts from the last sale price (AED 400K, 24 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 400,250
Deposit, UAE resident (20%)
AED 80,050
Deposit, non-resident (40%)
AED 160,100
Monthly over 25 years at 3.7%
AED 1,638

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