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Studio · 406 sqftWavez Residence, Liwan · 6th floor · completed 2022

B617, 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 B617 · DLD and Ejari recordsUpdated 29 January 2026
Last soldAED 355K16 February 2020
Current rentAED 42K /yr29 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B617, Wavez Residence

What is B617 worth today?

Last sold for AED 355,000 in 2020

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29 Jan 2026RentedRenewal
AED 42,000/yr12 months · AED 103 per sqft
29 Jan 2025RentedNew contract
AED 42,000/yr12 months · AED 103 per sqft
16 Feb 2020Sold by developerOff-plan
AED 355,000AED 875 per sqft

Source: Dubai Land Department. Updated 29 January 2026.

Key facts

Type
Studio apartment
Size
406 sqft
Floor
6th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 355K · February 2020
Building
Wavez Residence

About B617, Wavez Residence

B617 is a studio of 406 sqft on the 6th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 16 February 2020 for AED 355,000, or AED 875 per sqft, in line with 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 29 January 2026, is AED 42,000 a year: a gross yield of 11.8% on the 2020 price.

Sales and rents for B617 over time

Sales
Unit B617, 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 355,000 (AED 875 per sqft)

B617 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B617, 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, January 2025: AED 42,000 a yearRenewal, January 2026: AED 42,000 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 B617 sits

All 338 studios →

B617 last sold in February 2020 at AED 875 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. B617's AED 42,000 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 6th floor

All 414 units in Wavez Residence
Value
A6011-bedAED 585K · Feb 2020
A6021-bedAED 584K · Dec 2019
A6031-bedAED 588K · Jul 2021
A6041-bedAED 584K · Feb 2020
A605StudioAED 382K · Oct 2019
A606StudioAED 382K · Nov 2019
A607StudioAED 385K · Dec 2019
1–7 of 41

B617, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 16 February 2020 for AED 355,000, or AED 875 per sqft.
  • Rented since January 2025 on 2 Ejari contracts, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2020 price is 11.8%.
  • 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 29 January 2026.

Questions about B617, Wavez Residence

What did unit B617 last sell for?

AED 355,000 on 16 February 2020, sold by the developer: AED 875 per sqft for 406 sqft. It is the only registered sale of the unit.

What is the rent for unit B617?

AED 42,000 a year on the contract renewed on 29 January 2026. The previous contract, from January 2025, was AED 42,000.

How big is unit B617?

406 sqft (37.7 sqm): a studio on the 6th floor of a 10-storey tower completed in 2022.

What is unit B617 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 B617, Wavez Residence

Starts from the last sale price (AED 355K, 16 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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