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Studio · 404 sqftWavez Residence, Liwan · 4th floor · completed 2022

B408, Wavez Residence

Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B408 · DLD and Ejari recordsUpdated 10 February 2026
Last soldAED 379K11 February 2020
Current rentAED 40K /yr10 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B408, Wavez Residence

What is B408 worth today?

Last sold for AED 379,250 in 2020

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10 Feb 2026RentedRenewal
AED 40,000/yr12 months · AED 100 per sqft
10 Feb 2025RentedRenewal
AED 40,000/yr12 months · AED 100 per sqft
11 Feb 2020Sold by developerOff-plan
AED 379,250AED 938 per sqft

Source: Dubai Land Department. Updated 10 February 2026.

Key facts

Type
Studio apartment
Size
404 sqft
Floor
4th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 379K · February 2020
Building
Wavez Residence

About B408, Wavez Residence

B408 is a studio of 404 sqft on the 4th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 11 February 2020 for AED 379,250, or AED 938 per sqft, 9% above the AED 862 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 10 February 2026, is AED 40,000 a year: a gross yield of 10.5% on the 2020 price.

Sales and rents for B408 over time

Sales
Unit B408, 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 379,250 (AED 938 per sqft)

B408 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B408, each contractTypical studio in Wavez Residence
38K40K42K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000Renewal, February 2025: AED 40,000 a yearRenewal, February 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 B408 sits

All 338 studios →

B408 last sold in February 2020 at AED 938 per sqft, 9% above 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. B408'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 4th floor

All 414 units in Wavez Residence
Value
A4011-bedAED 740K · Oct 2024
A4021-bedAED 595K · Feb 2020
A4031-bedAED 653K · Aug 2023
A4041-bedAED 584K · Nov 2019
A405StudioAED 379K · Oct 2019
A406StudioAED 460K · Jul 2024
A407StudioAED 445K · Dec 2024
1–7 of 41

B408, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 11 February 2020 for AED 379,250, or AED 938 per sqft.
  • Rented since February 2025 on 2 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2020 price is 10.5%.
  • 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 10 February 2026.

Questions about B408, Wavez Residence

What did unit B408 last sell for?

AED 379,250 on 11 February 2020, sold by the developer: AED 938 per sqft for 404 sqft. It is the only registered sale of the unit.

What is the rent for unit B408?

AED 40,000 a year on the contract renewed on 10 February 2026. The previous contract, from February 2025, was AED 40,000.

How big is unit B408?

404 sqft (37.5 sqm): a studio on the 4th floor of a 10-storey tower completed in 2022.

What is unit B408 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 B408, Wavez Residence

Starts from the last sale price (AED 379K, 11 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 379,250
Deposit, UAE resident (20%)
AED 75,850
Deposit, non-resident (40%)
AED 151,700
Monthly over 25 years at 3.7%
AED 1,552

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