Unit 506, Waves Tower: what it sold for and what it is worth now

Unit 506 at Waves Tower is a studio of 442 sq ft. It last sold for AED 725,000 on 20 Sep 2022. At AED 2,091 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 924,000 today.

Value todayAED 924,000AED 852,000 to AED 987,000
Last saleAED 725,00020 Sep 2022 · Resale
Change since last sale+27.4%Building trend alone: AED 806,255
Rent (median asking, studio)AED 65,000Gross yield 7.0%
Bedroomsstudio
Size442 sq ft
Floor5 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingWaves Tower by Kasco Developments, handed over 2022
Registered sales of this unit1

Every registered sale of unit 506

DatePriceSizeAED/sq ftType
20 Sep 2022AED 725,000442 sq ft1,640Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
160619 Jan 2023AED 840,000442 sq ft1,900Resale
140624 Oct 2022AED 795,000442 sq ft1,799Resale
150617 Oct 2022AED 808,000442 sq ft1,828Resale
2066 Oct 2022AED 679,932442 sq ft1,538Resale
130614 Sep 2022AED 750,000442 sq ft1,697Resale
7065 Sep 2022AED 696,000442 sq ft1,575Resale
9065 Sep 2022AED 709,020442 sq ft1,604Resale
110630 Aug 2022AED 715,080442 sq ft1,618Resale

Latest studio sales in Waves Tower

UnitDatePriceSizeAED/sq ftType
5107 Sep 2026AED 850,000429 sq ft1,981Resale
121025 Feb 2026AED 1,000,000429 sq ft2,331Resale
120730 Jan 2026AED 860,000487 sq ft1,766Resale
9115 Dec 2025AED 920,000418 sq ft2,201Resale
4113 Jun 2025AED 950,000418 sq ft2,273Resale
61018 Apr 2025AED 920,000429 sq ft2,145Resale
160715 Jan 2025AED 900,000487 sq ft1,848Resale
80720 Sep 2024AED 930,000487 sq ft1,910Resale

How we worked out the value

We took the 4 sales in Waves Tower in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 2,091). We multiplied it by the size of this unit (442 sq ft). The range uses the middle half of those sales (AED 1,927 to AED 2,233 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 806,255. Floor, view, condition and upgrades can move the price either way. Sales data to 25 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 506 at Waves Tower worth?

About AED 924,000 (range AED 852,000 to AED 987,000), based on AED 2,091 per sq ft from registered sales up to 25 Sep 2026.

When did unit 506 last sell?

20 Sep 2022, for AED 725,000 (resale). It has 1 registered sale.

What rent can unit 506 make?

A studio in Waves Tower rents for about AED 65,000 a year (median asking rent). That is a gross yield of 7.0% on the estimate.

Sales alert for Waves TowerAll sales in Waves Tower

Unit 505 · Unit 507