Market bulletin · Thu, 22 Oct 2026
Waves Tower: 2 sales worth AED 4.29M in 30 days
Waves Tower recorded 2 sales worth AED 4.29M in the 30 days to Thu, 22 Oct 2026, up 100.0% on the previous 30 days. Over the last week 1 sale was registered (AED 2.17M), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, Waves Tower ranked #11 of 11 leading projects by 12-month sales value; it is developed by KASCO Properties.
Leases registered in the last three months had a median annual rent of AED 74K. The best gross yield is on 2 BR apartments at about 6.4%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 2 |
| Aug 26 | 0 | 0 | 0 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 1 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 1 |
| Jan 26 | 0 | 0 | 4 |
| Dec 25 | 0 | 0 | 3 |
| Nov 25 | 0 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 2 | up 100.0% | AED 4.29M | — | — |
| Last 3 months | 3 | — | AED 5.13M | — | — |
| Last 6 months | 3 | down 66.7% | AED 5.13M | — | — |
| Last 12 months | 13 | unchanged 0.0% | AED 23.0M | 1,675 | down 8.9% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 13 | 100% | AED 2.11M | 1,675 | down 8.9% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 4 | 31% | — | — | — |
| 1 bedroom | 2 | 15% | — | — | — |
| 2 bedrooms | 7 | 54% | AED 2.35M | 1,582 | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 6 | 46% | AED 960K | 1,909 | up 3.2% |
| AED 2M–10M | 7 | 54% | AED 2.35M | 1,582 | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | AED 83K |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | AED 150K |
| Oct 25 | AED 95K |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
- Leases (12M)
- 80
- New leases
- 71.3%
- Median rent 3M
- AED 74K
- Rent/sqft 3M
- AED 106
| 2 BR apartments | AED 150K / AED 2.35M | 6.4% |
|---|
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| Studio | 28 | AED 61K | AED 60K | 140 |
| 1 BR | 21 | AED 95K | AED 95K | 104 |
| 2 BR | 17 | AED 150K | AED 150K | 105 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.17M | 2 BR Apartment · 1,579 sqftWaves Tower · Business Bay | 20 Oct |
| AED 2.11M | 2 BR Apartment · 1,579 sqftWaves Tower · Business Bay | 25 Sept |
| AED 850K | Studio Apartment · 429 sqftWaves Tower · Business Bay | 7 Sept |
Questions about Waves Tower
How many properties were sold in Waves Tower in the last year?
13 sales worth AED 23.0M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Waves Tower?
The median annual rent on leases registered in the last three months was AED 74K, and the best gross rental yield is about 6.4%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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