Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Wadi Al Safa 2 · July 2026
Wavez Residence
Source: Dubai Land Department open data · Sales through August 20, 2026 · Rents through August 23, 2026
Period covered: Aug 24 to Jul 26 · Ref AR-B923-202607
Key takeaways
- Median price for apartments: AED 515,000 (AED 12,600 per sqm), down 2.7% year on year.
- 4 sales recorded in July 2026, up 300% from a year earlier.
1.Apartments4 sales · July 2026
Small sample: medians for July 2026 are based on only 4 recorded sales and can swing month to month.
Sale price per sqm · 24 months
Monthly sales
Median annual rent · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| July 2026 | 4 | AED 515,000 | AED 12,600 | — | — |
| June 2026 | 2 | AED 485,000 | AED 12,844 | AED 42,000 | 8.7% |
| May 2026 | 2 | AED 652,500 | AED 13,255 | AED 42,000 | 6.4% |
| April 2026 | 1 | AED 830,000 | AED 13,413 | — | — |
| March 2026 | 5 | AED 505,000 | AED 13,224 | — | — |
| February 2026 | 3 | AED 525,000 | AED 13,231 | AED 45,500 | 8.7% |
2.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through August 20, 2026, rents through August 23, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than ten sales are flagged.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.