The Waves by Damac Properties
Last Update: 2021-12-19 23:07:42
About the project
The Waves is an apartment complex located in the coastal area of Dubai Marina. The project was designed and built by DAMAC Properties. The construction was completed in 2006.
The complex consists of two buildings – Waves Tower A with a height of 27 floors and Tower B with 10 floors.
The Waves offers exclusive apartments with 1, 2, and 3 bedrooms and duplex penthouses. The complex has a total of 247 housing units.
The apartments each have panoramic windows, a modern equipped kitchen, built-in closets, a laundry room and a walk-in closet, a centralized heating system and sensors, as well as a terrace.
The building boasts views of the Persian Gulf, the marina and the sights of the area.
For the comfort of residents there is 24-hour security and video surveillance, a gym and a fitness center, a large swimming pool with a sun terrace, a steam room and sauna, relaxation areas and a spa-salon, high-speed elevators, a barbecue area, tennis court, covered parking, and a restaurant and cafe. Pets are also allowed.
Waves by DAMAC Dubai Marina is located in the complex and provides a maid service, concierge and reception.
The private landscaped grounds include playgrounds, walking and cycling paths.
Apartments start at 79 sq. m (850 sq. ft). One-bedroom apartments start from AED 700,000 (USD 190,575).
Location
The complex’s close proximity to Sheikh Zayed Road gives you easy access to other areas of Dubai. DMCC metro station is a 5-minute walk away.
Dubai International Airport is a 40-minute drive away.
Dubai Marina is home to many exclusive restaurants and cafes, entertainment venues and nightclubs, supermarkets and hotels.
Dubai Marina Shopping Center is a 14-minute walk from the apartments. Over 140 local and international outlets are available to visitors.
Skydive Dubai Skydive Center is a 13-minute drive from The Waves.
The nearest schools and development centers are Raffles Nursery, Horizon International School, Dubai British School, and King’s School Dubai.
Nearby are the medical centers – Medcare Medical Centre Marina, Emirates Hospitals Clinic, Al Zahra Hospital and Saudi German Hospital.
Return on investment
The average return on investment in apartments at The Waves is 6.17%.
The rent for one-bedroom apartments is AED 53,000 (USD 14,429) per annum.
Net income based on this rent can be AED 43,000 (USD 11,707).
Apartment maintenance fee starts from AED 1,344 (USD 366) depending on the area of the apartment. The property rental tax of 5% is AED 2,650 (USD 721).
With well-developed infrastructure, a convenient location and a high level of comfort the value of housing in Dubai Marina will increase in the coming years.