1611, Waves Tower
Sold prices and rental history: sold once, by the developer in January 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1611, Waves Tower
What is 1611 worth today?
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Source: Dubai Land Department. Updated 12 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 418 sqft
- Floor
- 16th of 19
- Parking
- B1-12
- Service charge
- AED 6,700 /yr
- Last sold
- AED 870K · January 2023
- Building
- Waves Tower
About 1611, Waves Tower
1611 is a studio of 418 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 870,000, or AED 2,081 per sqft, 25% above the AED 1,669 studios in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 12 February 2026, is AED 80,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 6,700 a year.
Sales and rents for 1611 over time
1611 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 1611 sits
All 72 studios →1611 last sold in January 2023 at AED 2,081 per sqft, 25% 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. 1611's AED 80,000 is at the top 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 | |
| 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, Waves Tower in numbers
- Sold once: by the developer on 19 January 2023 for AED 870,000, or AED 2,081 per sqft.
- Rented since February 2025 on 3 Ejari contracts, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 6,700 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 12 February 2026.
Questions about 1611, Waves Tower
What did unit 1611 last sell for?
AED 870,000 on 19 January 2023, sold by the developer: AED 2,081 per sqft for 418 sqft. It is the only registered sale of the unit.
What is the rent for unit 1611?
AED 80,000 a year on the contract renewed on 12 February 2026. The previous contract, from February 2025, was AED 80,000; the unit has been rented since February 2025.
How big is unit 1611?
418 sqft (38.8 sqm): a studio on the 16th floor of a 19-storey tower.
What is unit 1611 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 1611, Waves Tower
Starts from the last sale price (AED 870K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 870,000
- Deposit, UAE resident (20%)
- AED 174,000
- Deposit, non-resident (40%)
- AED 348,000
- Monthly over 25 years at 3.7%
- AED 3,559
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →