The Wave — prices & recorded sales
The Wave in Al Reem Island has 220 recorded ADREC sale transactions, at a median of AED 1,648,120 and AED 1,220 per built-up square foot. These are settled sales — what units actually sold for, not developer listings or asking prices.
ADREC registry · 2019-01-07 → 2026-07-10
220
Recorded sales
AED 1,220
Median AED per built-up sqft
+5% vs last year
AED 2m
Median sale price
AED 372m
Total recorded value
2019–2026
First → latest sale
Median price by unit size
Recorded sales grouped by bedroom count. Sizes with fewer than five sales are omitted.
| Unit size | Recorded sales | Median AED/sqft | Median price |
|---|---|---|---|
| 1BR | 66 | AED 1,200 | AED 977,018 |
| 2BR | 81 | AED 1,220 | AED 1,642,020 |
| 3BR | 73 | AED 1,220 | AED 2,346,156 |
How these sold
Off-plan versus completed stock, and first sales versus resales.
| Split | Recorded sales |
|---|---|
| Off-plan | 19 |
| Ready | 201 |
| First sale (primary) | 162 |
| Resale (secondary) | 58 |
Recorded sales by year
| Year | Recorded sales |
|---|---|
| 2019 | 78 |
| 2020 | 74 |
| 2021 | 17 |
| 2022 | 5 |
| 2023 | 4 |
| 2024 | 16 |
| 2025 | 14 |
| 2026 | 12 |
Method
These are recorded ADREC sale transactions — what units in this project actually sold for. They are not developer listings, asking prices, or availability. Median AED per built-up square foot is converted from the registry's square-metre basis at 10.7639 sqft per sqm. Phase-level registry entries are grouped under the parent project. Projects are published only where at least 30 sales are on record. This is market information for professional use, not investment, valuation, legal or tax advice.
Cite this page
You are welcome to quote these figures in articles, reports and client material. Please attribute them and link back so readers can check the period and method:
Knownable, "The Wave prices & recorded sales", https://www.knownable.com/en/projects/the-wave
Published under CC BY 4.0.
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