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Studio · 406 sqftWavez Residence, Liwan · 5th floor · completed 2022

B515, Wavez Residence

Sold prices and rental history: sold once, by the developer in January 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B515 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 343K22 January 2020
Current rentAED 43K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B515, Wavez Residence

What is B515 worth today?

Last sold for AED 342,700 in 2020

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1 Mar 2026RentedRenewal
AED 43,000/yr12 months · AED 105 per sqft
1 Mar 2025RentedRenewal
AED 43,000/yr12 months · AED 105 per sqft
1 Mar 2024RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
22 Jan 2020Sold by developerOff-plan
AED 342,700AED 844 per sqft

Source: Dubai Land Department. Updated 1 March 2026.

Key facts

Type
Studio apartment
Size
406 sqft
Floor
5th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 343K · January 2020
Building
Wavez Residence

About B515, Wavez Residence

B515 is a studio of 406 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 22 January 2020 for AED 342,700, or AED 844 per sqft, in line with the AED 863 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 43,000 a year: a gross yield of 12.6% on the 2020 price.

Sales and rents for B515 over time

Sales
Unit B515, 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, January 2020: AED 342,700 (AED 844 per sqft)

B515 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B515, each contractTypical studio in Wavez Residence
38K40K43K20232024202520262027Typical rent by year: 2023 AED 38,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 42,000New contract, March 2024: AED 40,000 a yearRenewal, March 2025: AED 43,000 a yearRenewal, March 2026: AED 43,000 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 B515 sits

All 338 studios →

B515 last sold in January 2020 at AED 844 per sqft, in line with what studios in Wavez Residence were fetching at the time (AED 863). 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. B515's AED 43,000 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 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

B515, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 22 January 2020 for AED 342,700, or AED 844 per sqft.
  • Rented since March 2024 on 3 Ejari contracts, from AED 40,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2020 price is 12.6%.
  • 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 1 March 2026.

Questions about B515, Wavez Residence

What did unit B515 last sell for?

AED 342,700 on 22 January 2020, sold by the developer: AED 844 per sqft for 406 sqft. It is the only registered sale of the unit.

What is the rent for unit B515?

AED 43,000 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 43,000; the unit has been rented since March 2024.

How big is unit B515?

406 sqft (37.7 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit B515 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 B515, Wavez Residence

Starts from the last sale price (AED 343K, 22 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 342,700
Deposit, UAE resident (20%)
AED 68,540
Deposit, non-resident (40%)
AED 137,080
Monthly over 25 years at 3.7%
AED 1,402

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