PropertyIndex

Waves

Completed · Q1 2024|604 units · 1 tower

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Waves is a completed apartment development by SOBHA L.L.C in Sobha Hartland, Al Merkadh, comprising 604 registered units. 888 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,992 per sqft. At AED 1,992 per sqft, Waves prices 8% below the Sobha Hartland average of AED 2,160 per sqft on registered sales.

PIX© price · 12.1% YoY
1.36MAED
Typical
1,992AED
PSF
Gross yield
6.6%
PIX© rent ÷ PIX© price
Sale records
888
DLD · all time
Rent contracts
1,230
Ejari · all time
Waves

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
416 – 1,467 sqft
6041.36M1,99212.1%90K6.6%
Residential
1 Bed · Apartment
501 – 721 sqft
437
2 Bed · Apartment
851 – 1,467 sqft
155
Commercial
Shop
416 – 979 sqft
12
Sales — Project-Wide888 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
3 Aug 20262 BedSobha Hartland Waves · Floor 331,1182,150,0001,923+19.4%StandardStandard Sale
31 Jul 20261 BedSobha Hartland Waves · Floor 25515980,0001,902-2.0%Entry LevelStandard Sale
21 Jul 20262 BedSobha Hartland Waves · Floor 121,2032,155,2991,791-6.3%Entry LevelStandard Sale
Rentals — Project-Wide1,230 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 769 rentals
Floors 1-2 · 46 rentals
Floors 3-4 · 49 rentals
Floors 5-33 · 626 rentals
Floors 34-35 · 48 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
5 Sep 20262 Bed851129,477152Standardrenewal
31 Aug 20261 Bed63585,000134Standardrenewal
16 Aug 2026Sobha Hartland Waves · Floor G979274,072280+21.9%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Sobha Hartland

The closest-priced registered projects in Sobha Hartland.

Common questions about Waves

Answered from Dubai Land Department registered transactions.

How much does a property in Waves cost?

Property in Waves sells at a current PIX© price of AED 1,992 per sqft, or about AED 1,356,934 for a typical unit, based on 888 sales registered with the Dubai Land Department.

Is Waves completed?

Yes. Waves is recorded as completed in the Dubai Land Department project register (completed q1 2024).

Who is the developer of Waves?

Waves is developed by SOBHA L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Waves?

Waves yields 6.6% gross, calculated from current PIX© rent against current PIX© sale price, across 1,230 registered Ejari contracts.

How many units are in Waves?

Waves holds 604 registered units, per the Dubai Land Department unit register.

Have prices in Waves gone up or down?

Price per sqft has fallen -12.1% over the last 12 months, to AED 1,992, across 888 registered sales.