Unit 1607, Waves Tower: what it sold for and what it is worth now

Unit 1607 at Waves Tower is a studio of 487 sq ft. It last sold for AED 900,000 on 15 Jan 2025. At AED 2,091 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 1,018,000 today.

Value todayAED 1,018,000AED 939,000 to AED 1,088,000
Last saleAED 900,00015 Jan 2025 · Resale
Change since last sale+13.1%Building trend alone: AED 818,487
Rent (median asking, studio)AED 65,000Gross yield 6.4%
Bedroomsstudio
Size487 sq ft
Floor16 (from the unit number)
Position in the towerStack 07: units ending 07 share the same layout and view
BuildingWaves Tower by Kasco Developments, handed over 2022
Registered sales of this unit2

Every registered sale of unit 1607

DatePriceSizeAED/sq ftType
15 Jan 2025AED 900,000487 sq ft1,848Resale
19 Jan 2023AED 885,000487 sq ft1,817Resale

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
120730 Jan 2026AED 860,000487 sq ft1,766Resale
80720 Sep 2024AED 930,000487 sq ft1,910Resale
150727 Oct 2022AED 855,000487 sq ft1,756Resale
50717 Oct 2022AED 785,000487 sq ft1,612Resale
30710 Oct 2022AED 625,000487 sq ft1,283Resale
14076 Oct 2022AED 850,000487 sq ft1,745Resale
2075 Oct 2022AED 736,000487 sq ft1,511Resale
40720 Sep 2022AED 742,000487 sq ft1,524Resale

Latest studio sales in Waves Tower

UnitDatePriceSizeAED/sq ftType
5107 Sep 2026AED 850,000429 sq ft1,981Resale
121025 Feb 2026AED 1,000,000429 sq ft2,331Resale
120730 Jan 2026AED 860,000487 sq ft1,766Resale
9115 Dec 2025AED 920,000418 sq ft2,201Resale
4113 Jun 2025AED 950,000418 sq ft2,273Resale
61018 Apr 2025AED 920,000429 sq ft2,145Resale
80720 Sep 2024AED 930,000487 sq ft1,910Resale
121011 Jun 2024AED 960,459429 sq ft2,239Resale

How we worked out the value

We took the 4 sales in Waves Tower in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 2,091). We multiplied it by the size of this unit (487 sq ft). The range uses the middle half of those sales (AED 1,927 to AED 2,233 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 818,487. Floor, view, condition and upgrades can move the price either way. Sales data to 25 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1607 at Waves Tower worth?

About AED 1,018,000 (range AED 939,000 to AED 1,088,000), based on AED 2,091 per sq ft from registered sales up to 25 Sep 2026.

When did unit 1607 last sell?

15 Jan 2025, for AED 900,000 (resale). It has 2 registered sales.

What rent can unit 1607 make?

A studio in Waves Tower rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.4% on the estimate.

Sales alert for Waves TowerAll sales in Waves Tower

Unit 1606 · Unit 1608