The Waves Tower
57MM+CJJ - Business Bay - Dubai - United Arab Emirates
Studio
1
429 sqft
$234,150
Total investment:
Unit price now:
$255,926
Annual revenue:
$27,395
Cash-on-cash return:
8,2%
+9,2%
Property Information
Type of the unit:
Studio
Unit price:
$234,150
Furnishing & Repair:
$0
Contract period:
27/12/2023 - 26/12/2024
Developer:
KASCO
District:
Business Bay
Price per sqft:
$546/sqft
Сompletion date:
04.2022
№1611
Unit no & Contract
Investing in Waves Tower in Business Bay, Dubai, represents a strategic opportunity in one of the city's most dynamic and rapidly developing districts. This analysis outlines why Waves Tower is a compelling investment option and highlights its unique selling points compared to other properties in Dubai:
Modern Architectural Design: Waves Tower stands out with its modern and innovative architectural design, offering panoramic views of the Dubai skyline and the Dubai Water Canal. The aesthetic appeal and functional design of the building enhance the living experience and contribute to its investment appeal.
Premium Amenities and Facilities: The development is equipped with high-end amenities, including a state-of-the-art fitness center, swimming pools, landscaped gardens, and retail spaces. These facilities cater to the lifestyle demands of urban professionals and families, making it an attractive residential choice.
High Rental Demand: Business Bay is known for its high rental demand, driven by its proximity to key business districts and leisure amenities. Waves Tower, with its prime location and luxury offerings, is well-positioned to capitalize on this demand, ensuring strong rental yields for investors.
Compared to other buildings in Dubai, Waves Tower offers a unique combination of strategic location, modern design, and comprehensive amenities that cater to the needs of a diverse urban population. Its position within Business Bay, one of Dubai's most sought-after districts for both business and leisure, positions it as a strong contender for investors looking for high rental yields and potential capital appreciation.
Modern Architectural Design: Waves Tower stands out with its modern and innovative architectural design, offering panoramic views of the Dubai skyline and the Dubai Water Canal. The aesthetic appeal and functional design of the building enhance the living experience and contribute to its investment appeal.
Premium Amenities and Facilities: The development is equipped with high-end amenities, including a state-of-the-art fitness center, swimming pools, landscaped gardens, and retail spaces. These facilities cater to the lifestyle demands of urban professionals and families, making it an attractive residential choice.
High Rental Demand: Business Bay is known for its high rental demand, driven by its proximity to key business districts and leisure amenities. Waves Tower, with its prime location and luxury offerings, is well-positioned to capitalize on this demand, ensuring strong rental yields for investors.
Compared to other buildings in Dubai, Waves Tower offers a unique combination of strategic location, modern design, and comprehensive amenities that cater to the needs of a diverse urban population. Its position within Business Bay, one of Dubai's most sought-after districts for both business and leisure, positions it as a strong contender for investors looking for high rental yields and potential capital appreciation.
What’s Special
Property Facts & Features
Purchase Price: $234,150
Bedrooms: 1
Bathrooms: 1
Sqft: 429 ($546/sqft)
Bedrooms: 1
Bathrooms: 1
Sqft: 429 ($546/sqft)
Property Details
Revenue: $27,395/yr
Cap Rate: 8,2%
Gross Yield: 11,7%
Cash-on-Cash: 8,2%
Cap Rate: 8,2%
Gross Yield: 11,7%
Cash-on-Cash: 8,2%
Returns
Revenue: $27,395/yr
Average Daily Rate: updating
Occupancy Rate: updating
Average Daily Rate: updating
Occupancy Rate: updating
Rental Estimate
Average Studio Values: $313,000
Average Revenue: $17,700/yr
Average Occupancy: updating
Number of studio rentals: 111
Average Revenue: $17,700/yr
Average Occupancy: updating
Number of studio rentals: 111
Business Bay Market Data
Rental Estimate
High
$3,171
Average
$2,282
Low
$1,411
Rental Data for Business Bay
111
Number of studio rentals:
39%
ROI Score:
$17,700/yr
Average Revenue:
Rental Listing by buildings
Average Revenue by buildings
Building
Listings
Revenue
Damac Maison Prive
AG Tower
Waves Tower
33
31
17
$15,470/yr
$16,200/yr
$18,300/yr
$19,500/yr
$18,000/yr
Zada Tower
15 Northside
Building
Building
16
14
96
96
$17,250/yr
Financial Overview
11,7%
Gross Yield:
8,2%
Cap Rate:
8,2%
Cash-on-Cash Return:
Total Investments
Financing
Revenue
Expenses
Upfront equity
Net Operating Income
Leveraged Net Cash Flow
$234,150
$0
$2,282/mo
$662/mo
$234,150
$19,440/yr • $1,620/mo
$19,440/yr • $1,620/mo
This is the amount of equity, or money, needed to initially acquire the property based on your financing choices and other expenses, including furnishing and initial expenses.
Also referred to as NOI, this is the amount of money you’ll be making per year from your investment, after fees and taxes. This number does not factor in mortgage payments.
Also referred to as Lev. NCF, this is the amount of money you’ll net yearly after paying mortgage payments. This dollar amount is all-inclusive, taking into account not only mortgage payments but also the taxes and fees that are factored into NOI as well.
Price History
Date
Event
Price
27/12/2023
15/01/2023
18/02/2023
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Purchase
Price change
Price change
Price change
Price change
$234,150
$242,300
$255,926
$46,641/yr
$57,801/yr
$68,214/yr
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Price change
Price change
Price change
Price change
Price change
Price change
Price change
$19,207/yr
$20,936/yr
$33,252/yr
$46,641/yr
$57,801/yr
$68,214/yr
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
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