1603, Waves Tower
Sold prices and rental history: sold twice, last in January 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Waves Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 6 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,428 sqft
- Floor
- 16th of 19
- Parking
- B1-03
- Service charge
- AED 22,800 /yr
- Last sold
- AED 1.66M · January 2024
- Building
- Waves Tower
About 1603, Waves Tower
1603 is a two-bedroom apartment of 1,428 sqft on the 16th floor of Waves Tower, a 19-storey tower in Business Bay. It last sold on 9 January 2024 for AED 1,660,000, or AED 1,162 per sqft, 28% below the AED 1,605 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 6 November 2025, is AED 150,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 22,800 a year.
Sales and rents for 1603 over time
1603 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Waves Tower, and where 1603 sits
All 49 2-beds →1603 last sold in January 2024 at AED 1,162 per sqft, 28% below what two-beds in Waves Tower were fetching at the time (AED 1,605). Over the last 12 months two-beds sold for AED 2,110,000 to 2,500,000, around AED 1,582 per sqft, and rent for AED 120,000 to 215,000 a year. 1603's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 1,579 sqft | 2,175,000 | 1,377 | ||
| 25 Sep 202625 September 2026 | 1,579 sqft | 2,110,000 | 1,335 | ||
| 18 Aug 202618 August 2026 | 1,428 sqft | 2,500,000 | 1,750 | ||
| 26 Jan 202626 January 2026 | 1,428 sqft | 2,260,000 | 1,582 |
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 | |||||
|---|---|---|---|---|---|
| 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 | ||
| 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 |
1603, Waves Tower in numbers
- Sold twice: first on 31 January 2023 for AED 2,600,000, last on 9 January 2024 for AED 1,660,000 (AED 1,162 per sqft).
- Rented since March 2024 on 3 Ejari contracts, from AED 170,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 22,800 a year (AED 15.97 per sqft).
- Two-beds in Waves Tower sold for AED 2,110,000–2,500,000 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 6 November 2025.
Questions about 1603, Waves Tower
What did unit 1603 last sell for?
AED 1,660,000 on 9 January 2024: AED 1,162 per sqft for 1,428 sqft. The unit has 2 registered sales; the first was AED 2,600,000 in January 2023.
What is the rent for unit 1603?
AED 150,000 a year on the contract signed on 6 November 2025. The previous contract, from August 2025, was AED 160,000; the unit has been rented since March 2024.
How big is unit 1603?
1,428 sqft (132.7 sqm): a two-bedroom apartment on the 16th floor of a 19-storey tower.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Waves Tower sold for AED 2,110,000 to 2,500,000 in the last 12 months, around AED 1,582 per sqft.
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Mortgage on 1603, Waves Tower
Starts from the last sale price (AED 1.66M, 9 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,660,000
- Deposit, UAE resident (20%)
- AED 332,000
- Deposit, non-resident (40%)
- AED 664,000
- Monthly over 25 years at 3.7%
- AED 6,792
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →