The Waves Business Bay

The Waves Business Bay is a completed residential tower by Kasco Developments, positioned in Business Bay, one of Dubai's most established mixed-use districts. The building reached handover in Q2 2022 and is now fully occupied, placing it firmly in the secondary market for buyers seeking a ready asset rather than an off-plan commitment.

# The tower and its position in Business Bay

Business Bay occupies a corridor of dense, mid-to-high-rise development running south from Downtown Dubai along the Dubai Water Canal. The district has matured considerably over the past decade, shifting from a predominantly commercial address to one where residential demand is sustained by proximity to the financial core, strong rental yields, and improving street-level infrastructure.

The Waves sits within this fabric as a single residential building of 23 floors above two basement levels. Its scale is consistent with the surrounding skyline without being anomalous. For buyers who prefer an established building with a known service history over the uncertainty of a project still under construction, the fact that The Waves completed on schedule and reached 100 per cent construction status is a meaningful data point.

# Residences, layouts and finish

Specific unit sizes and layout breakdowns are not available in the public record for this project. The developer's original materials reference high-quality finishes and fitted kitchens with appliances. Furnished options were offered at launch, though current availability will depend on individual resale listings.

Buyers evaluating the building's residential offer directly should request floor plans and fit-out specifications through a registered broker, as individual units in the secondary market will vary in condition, furnishing status, and asking price.

# Amenities on site

The building's amenity provision is modest but functional, covering the essentials that underpin consistent rental demand in this segment.

A fully equipped gym occupies dedicated space within the building. The pool deck includes both an adult swimming pool and a children's pool, alongside a children's play area. These facilities address the core requirements of families and working professionals who make up the primary rental market in Business Bay.

No spa, co-working space, or retail component is listed among the building's amenities. Buyers with lifestyle priorities that extend beyond these facilities will find the broader Business Bay district compensates: restaurants, hotel lobbies, and waterfront promenades along the canal are within walking distance.

# Location and the surrounding district

Downtown Dubai sits approximately 4.5 kilometres from the building, a distance that translates to a short drive or a manageable commute on the Dubai Metro's Red Line, with Business Bay station serving the area. South Ridge Park is around 4.7 kilometres away, providing access to open green space that is otherwise limited in this part of the city.

Dubai International Airport is roughly 15.7 kilometres out, a practical figure for frequent travellers. Jumeirah Open Beach is 10.4 kilometres away. Creative Kids Early Learning Centre, a useful marker for families with young children, is just 0.2 kilometres from the building.

# What the project represents for a secondary-market buyer

The Waves Business Bay occupies a straightforward position in the market. It is a completed, occupied residential tower in a district that consistently delivers gross rental yields in the five to seven per cent range, attracting investors from the UK, Europe, and the GCC who prioritise income return over capital appreciation plays tied to longer development cycles.

For owner-occupiers, the address offers density and connectivity rather than seclusion. Business Bay suits buyers who want proximity to work, restaurants, and the city's commercial centre, and who are comfortable with an urban environment as a trade-off for that convenience. The building is not a landmark project, and it does not position itself as one. What it offers is a completed, functional residence in a location with proven demand and straightforward resale liquidity.