1606, Waves Tower
Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Waves Tower
What is 1606 worth today?
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Source: Dubai Land Department. Updated 5 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 16th of 19
- Parking
- B1-06
- Service charge
- AED 7,100 /yr
- Last sold
- AED 840K · January 2023
- Building
- Waves Tower
About 1606, Waves Tower
1606 is a studio of 442 sqft on the 16th floor of Waves Tower, a 19-storey tower in Business Bay. The developer sold it on 19 January 2023 for AED 840,000, or AED 1,901 per sqft, 14% above the AED 1,669 studios in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 5 October 2025, is AED 65,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1606 over time
1606 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Waves Tower, and where 1606 sits
All 72 studios →1606 last sold in January 2023 at AED 1,901 per sqft, 14% above what studios in Waves Tower were fetching at the time (AED 1,669). Over the last 12 months studios sold for AED 850,000 to 1,000,000, around AED 2,091 per sqft, and rent for AED 47,000 to 80,000 a year. 1606's AED 65,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 429 sqft | 850,000 | 1,980 | ||
| 25 Feb 202625 February 2026 | 429 sqft | 1,000,000 | 2,329 | ||
| 30 Jan 202630 January 2026 | 487 sqft | 860,000 | 1,766 | ||
| 5 Dec 20255 December 2025 | 418 sqft | 920,000 | 2,201 |
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 | ||
| 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 | |
| 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 |
1606, Waves Tower in numbers
- Sold once: by the developer on 19 January 2023 for AED 840,000, or AED 1,901 per sqft.
- Rented since April 2024 on 4 Ejari contracts, at AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 7,100 a year (AED 15.97 per sqft).
- Studios in Waves Tower sold for AED 850,000–1,000,000 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 5 October 2025.
Questions about 1606, Waves Tower
What did unit 1606 last sell for?
AED 840,000 on 19 January 2023, sold by the developer: AED 1,901 per sqft for 442 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 65,000 a year on the contract signed on 5 October 2025. The previous contract, from April 2025, was AED 65,000; the unit has been rented since April 2024.
How big is unit 1606?
442 sqft (41.1 sqm): a studio on the 16th floor of a 19-storey tower.
What is unit 1606 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Waves Tower sold for AED 850,000 to 1,000,000 in the last 12 months, around AED 2,091 per sqft.
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Mortgage on 1606, Waves Tower
Starts from the last sale price (AED 840K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →