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Wavez Residence

A studio in Wavez Residence costs a median AED 500,000 and rents long-let for AED 42,000/yr (8.57% gross) — -0.3 pts vs Liwan's 8.84% and +1.6 pts vs Dubai's 6.98% — from 53 sales and 289 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
23 in 12 months
Rental contracts · Studio
135 in 12 months
Buy
500,000AED
AED 1,216/sqft
Long-let
42,000AED
AED 105/sqft · 8.57%

Price per sqft: Median of 5 registered sales of ready units in the last 3 months, most recent July 2026.

Priced off 5 sales in the last 3 months.

Yield spread
-0.3 pts
vs the Liwan median for this unit type
Turnover upside
+7.7%
new tenants pay more than sitting ones — 255 renewals
AED/yr/sqft
AED 105
Sales
53
Rental contracts
289
Renewal rent
AED 39,000/yr
12 months
+4.8%
3 years
+25.7%+7.9%/yr

Based on 53 sales and 289 rental contracts in the last 24 months.

Wavez Residence is an apartment building in Liwan, Dubai. The nearest landmark IMG World Adventures. Land Department records for it run from 2019 to 2026, 1,118 registered sales in all — the 53 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 42,0001058.57%
-0.3 pts
289
1 bedAED 60,000907.59%
-1.1 pts
47

Deltas compare each yield with the Liwan median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Wavez Residence

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
1 bed500m6821.03AED 157,118AED 60,0002.6×20.54%4+

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Wavez Residence itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

32 resales in the last 12 months, against 43 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
30 Jul 20261 bed666AED 750,0001,126
24 Jul 2026Studio407AED 400,250983
21 Jul 2026Studio407AED 540,0001,326
15 Jul 2026Studio403AED 490,0001,216
15 Jun 2026Studio407AED 500,0001,228
10 Jun 2026Studio406AED 470,0001,158

6 resales in the last 3 months.

Rental contracts

StartTypeSqftAnnual rentAED/sqftContract
25 Feb 2027Studio407AED 41,553102New
1 Nov 2026Studio407AED 42,000103Renewal
1 Sept 2026Studio407AED 44,000108New
1 Sept 2026Studio405AED 47,000116Renewal
1 Sept 2026Studio407AED 39,88998New
1 Sept 2026Studio405AED 41,000101New
30 Aug 2026Studio407AED 39,00096New
29 Aug 2026Studio403AED 42,000104New
25 Aug 2026Studio407AED 41,751103New
25 Aug 2026Studio407AED 43,000106Renewal
25 Aug 20261 bed668AED 61,50092New
21 Aug 2026Studio405AED 44,000109New
20 Aug 20261 bed669AED 56,00084New
15 Aug 2026Studio407AED 48,000118Renewal
15 Aug 2026Studio399AED 46,000115New
12 Aug 2026Studio407AED 48,000118New
10 Aug 2026Studio407AED 39,00096New
8 Aug 2026Studio403AED 46,200115New
3 Aug 2026Studio406AED 42,000103New
2 Aug 2026Studio407AED 42,500104New
1 Aug 20261 bed665AED 57,50086New
1 Aug 2026Studio407AED 42,000103New
1 Aug 2026Studio407AED 40,00098New
30 Jul 2026Studio403AED 45,000112Renewal
20 Jul 2026Studio407AED 40,00098New
16 Jul 2026Studio407AED 42,000103New
10 Jul 20261 bed669AED 72,201108Renewal
10 Jul 2026Studio403AED 50,000124New
8 Jul 2026Studio407AED 42,000103New
7 Jul 2026Studio407AED 48,000118New
6 Jul 2026Studio407AED 44,000108Renewal
1 Jul 2026Studio403AED 43,000107New
1 Jul 2026Studio407AED 48,000118New
1 Jul 2026Studio407AED 40,00098New
1 Jul 2026Studio407AED 42,000103New
1 Jul 20261 bed668AED 57,00085New
1 Jul 2026Studio406AED 42,000104Renewal
30 Jun 20261 bed668AED 60,00090New
25 Jun 2026Studio407AED 38,76995Renewal
24 Jun 2026Studio407AED 39,00096New
22 Jun 2026Studio407AED 42,000103New
15 Jun 2026Studio407AED 40,800100New
15 Jun 2026Studio407AED 42,000103New
12 Jun 2026Studio407AED 40,00098New
10 Jun 2026Studio407AED 40,00098New
10 Jun 2026Studio405AED 44,000109New
8 Jun 2026Studio405AED 42,000104New
7 Jun 2026Studio407AED 42,000103Renewal
3 Jun 2026Studio407AED 43,000106Renewal
3 Jun 2026Studio399AED 43,000108Renewal
1 Jun 2026Studio403AED 42,000104New
1 Jun 2026Studio403AED 40,00099New
1 Jun 2026Studio403AED 42,000104Renewal
1 Jun 2026Studio407AED 38,00093Renewal
1 Jun 2026Studio403AED 37,00092New
1 Jun 2026Studio407AED 39,00096Renewal
1 Jun 2026Studio407AED 42,000103New
1 Jun 20261 bed666AED 62,00093New
1 Jun 2026Studio407AED 42,000103New

59 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors
13
Lifts
6
Parking bays
467
Swimming pools
1

Nearby

Landmark
IMG World Adventures

Compare with nearby buildings

The most-traded buildings in Liwan, on the same figures over the same window.

Common questions

What is the rental yield in Wavez Residence?
Wavez Residence returns 8.57% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 289 rental contracts registered in the last 24 months.
How much does a studio in Wavez Residence cost?
The median registered sale price is AED 500,000 (1,229 AED/sqft), from 53 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Wavez Residence selling for right now?
Registered sales of ready units in Wavez Residence over the last 3 months have a median of 1,216 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Wavez Residence risen or fallen?
Median price per square foot moved +6.2% over the last 12 months against the 12 before it, on 53 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Wavez Residence compare with Liwan?
Its 8.57% gross yield sits -0.3 pts against the Liwan median of 8.84%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

Wavez Residence rental record

Record type
Building-level property market record
Data date
Evidence base
289 registered rental contracts in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/rent/apartments/dubai/liwan/wavez-residence
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Wavez Residence rents and yield.” Liwan, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/liwan/wavez-residence.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.