1608, Waves Tower
Sold prices and rental history: sold once, by the developer in January 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Waves Tower
What is 1608 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 18 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,020 sqft
- Floor
- 16th of 16
- Parking
- B1-08
- Service charge
- AED 16,300 /yr
- Last sold
- AED 1.4M · January 2023
- Building
- Waves Tower
About 1608, Waves Tower
1608 is a one-bedroom apartment of 1,020 sqft on the 16th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 10 January 2023 for AED 1,402,750, or AED 1,374 per sqft, 5% above the AED 1,313 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 18 May 2025, is AED 100,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 16,300 a year.
Sales and rents for 1608 over time
1608 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Waves Tower, and where 1608 sits
All 58 1-beds →1608 last sold in January 2023 at AED 1,374 per sqft, 5% above what one-beds in Waves Tower were fetching at the time (AED 1,313). Over the last 12 months one-beds sold for AED 1,385,000, around AED 1,649 per sqft, and rent for AED 90,000 to 110,000 a year. 1608's AED 100,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jun 202530 June 2025 | 839 sqft | 1,575,000 | 1,876 | ||
| 25 Nov 202425 November 2024 | 839 sqft | 1,450,000 | 1,727 | ||
| 13 Feb 202413 February 2024 | 830 sqft | 1,550,000 | 1,868 | ||
| 21 Dec 202321 December 2023 | 839 sqft | 1,400,000 | 1,667 |
Waves Tower
Building160 apartments, studios to 2-bed over 16 floors in Business Bay. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,649
- Typical sale
- AED 2.26M
- Typical rent
- AED 100K /yr
- Typical yield
- 7.2%
Other units on the 16th floor
All 160 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 980 sqft | AED 1.51MAED 1,510,000 · Jan 2023January 2023 | 118,000 /yr | |
| 1602 | 2-bed | 1,433 sqft | AED 2.65MAED 2,650,000 · Jun 2024June 2024 | ||
| 1603 | 2-bed | 1,428 sqft | AED 1.66MAED 1,660,000 · Jan 2024January 2024 | 150,000 /yr | |
| 1604 | 1-bed | 839 sqft | AED 1.45MAED 1,450,000 · Nov 2024November 2024 | 105,000 /yr | |
| 1605 | 1-bed | 830 sqft | AED 1.33MAED 1,325,000 · Jan 2023January 2023 | 105,000 /yr | |
| 1606 | Studio | 442 sqft | AED 840KAED 840,000 · Jan 2023January 2023 | 65,000 /yr | |
| 1607 | Studio | 487 sqft | AED 900KAED 900,000 · Jan 2025January 2025 | ||
| 1609 | 2-bed | 1,580 sqft | AED 2.27MAED 2,265,500 · Sep 2023September 2023 | 160,000 /yr | |
| 1610 | Studio | 429 sqft | AED 895KAED 895,000 · Jan 2023January 2023 | 70,000 /yr | |
| 1611 | Studio | 418 sqft | AED 870KAED 870,000 · Jan 2023January 2023 | 80,000 /yr |
1608, Waves Tower in numbers
- Sold once: by the developer on 10 January 2023 for AED 1,402,750, or AED 1,374 per sqft.
- Rented since July 2023 on 2 Ejari contracts, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 7.1%, before a service charge of about AED 16,300 a year (AED 15.97 per sqft).
- One-beds in Waves Tower sold for AED 1,385,000–1,385,000 in the 12 months to November 2026; the building's median across all types is AED 1,649 per sqft.
Source: Dubai Land Department. Updated 18 May 2025.
Questions about 1608, Waves Tower
What did unit 1608 last sell for?
AED 1,402,750 on 10 January 2023, sold by the developer: AED 1,374 per sqft for 1,020 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 100,000 a year on the contract signed on 18 May 2025. The previous contract, from July 2023, was AED 100,000.
How big is unit 1608?
1,020 sqft (94.8 sqm): a one-bedroom apartment on the 16th floor of a 16-storey tower.
What is unit 1608 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Waves Tower sold for AED 1,385,000 to 1,385,000 in the last 12 months, around AED 1,649 per sqft.
Selling 1608? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1608, Waves Tower
Starts from the last sale price (AED 1.4M, 10 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,402,750
- Deposit, UAE resident (20%)
- AED 280,550
- Deposit, non-resident (40%)
- AED 561,100
- Monthly over 25 years at 3.7%
- AED 5,739
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →