The Waves is a project with two towers consisting of 27 and 10 floors, respectively. Within walking distance is the shopping and entertainment promenade, The Walk, and the popular Marina Beach. The idea and realisation of the project belong to the large company, DAMAC Properties, which has been realising luxury complexes in the UAE for more than 20 years. Construction of The Waves was completed in 2006.
There are 247 residences in the two towers, including duplex penthouses with 3-4 bedrooms and apartments with 1–3 bedrooms. The total living area of the residences varies from 850 sq. ft to 3,800 sq. ft.
The complex is pet-friendly, so you can live here with pets.
In Q3 2023, the price for a one-bedroom apartment in The Waves starts from AED 1.3M (USD 354K). The price of a penthouse is AED 3.8M (USD 1M).
The Waves complex is favoured by working professionals and families with children. It is close to Business Bay and Downtown Dubai, where the business areas and iconic landmarks are concentrated. Near the complex is developed infrastructure, many medical and educational centres, including language schools and development courses.
The Waves is a profitable investment option. The minimum annual rental price for a one-bedroom apartment starts at AED 90K (USD 24.5K), with an ROI of 6.9%.
Buying a residence at The Waves allows you to apply for one of the resident visas. Owners of properties valued at AED 750K (USD 204K) or more can get a visa for two years. Owners of apartments valued at a minimum of AED 2M (USD 545K) can apply for a Golden Visa, valid for 10 years. The Golden Visa allows the holder to sponsor their family members and household staff as well.