1601, Waves Tower
Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Waves Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 4 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 980 sqft
- Floor
- 16th of 19
- Parking
- B1-01
- Service charge
- AED 15,600 /yr
- Last sold
- AED 1.51M · January 2023
- Building
- Waves Tower
About 1601, Waves Tower
1601 is a one-bedroom apartment of 980 sqft on the 16th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 10 January 2023 for AED 1,510,000, or AED 1,541 per sqft, 17% above the AED 1,313 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 4 March 2025, is AED 118,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 15,600 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 72 1-beds →1601 last sold in January 2023 at AED 1,541 per sqft, 17% 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 to 1,800,000, around AED 1,743 per sqft, and rent for AED 80,000 to 150,000 a year. 1601's AED 118,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Apr 20267 April 2026 | 980 sqft | 1,800,000 | 1,837 | ||
| 3 Dec 20253 December 2025 | 839 sqft | 1,385,000 | 1,649 | ||
| 30 Jun 202530 June 2025 | 839 sqft | 1,575,000 | 1,876 | ||
| 25 Nov 202425 November 2024 | 839 sqft | 1,450,000 | 1,727 |
Waves Tower
Building193 apartments, studios to 2-bed over 19 floors in Business Bay. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,675
- Typical sale
- AED 2.11M
- Typical rent
- AED 95K /yr
- Typical yield
- 6.7%
Other units on the 16th floor
All 193 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | 90,000 /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 | ||
| 1608 | 1-bed | 1,020 sqft | AED 1.4MAED 1,402,750 · Jan 2023January 2023 | 100,000 /yr | |
| 1609 | 2-bed | 1,580 sqft | AED 2.27MAED 2,265,500 · Sep 2023September 2023 | 125,000 /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 |
1601, Waves Tower in numbers
- Sold once: by the developer on 10 January 2023 for AED 1,510,000, or AED 1,541 per sqft.
- Rented since February 2023 on 4 Ejari contracts, from AED 125,000 to AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 15,600 a year (AED 15.97 per sqft).
- One-beds in Waves Tower sold for AED 1,385,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,675 per sqft.
Source: Dubai Land Department. Updated 4 March 2025.
Questions about 1601, Waves Tower
What did unit 1601 last sell for?
AED 1,510,000 on 10 January 2023, sold by the developer: AED 1,541 per sqft for 980 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 118,000 a year on the contract signed on 4 March 2025. The previous contract, from March 2025, was AED 118,000; the unit has been rented since February 2023.
How big is unit 1601?
980 sqft (91.0 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower.
What is unit 1601 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 1,800,000 in the last 12 months, around AED 1,743 per sqft.
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Mortgage on 1601, Waves Tower
Starts from the last sale price (AED 1.51M, 10 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,510,000
- Deposit, UAE resident (20%)
- AED 302,000
- Deposit, non-resident (40%)
- AED 604,000
- Monthly over 25 years at 3.7%
- AED 6,178
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →