Wavez Residence

412 SF
350,000 AED
Starting price from
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Overview

Wavez Residence is a residential complex located in Dubailand. Construction began in 2020 by Danube Properties, and the project consists of a 13-storey building with a two-level podium that has glass for its outer walls and partitions. Residents can enjoy a rooftop area with landscaped green spaces, sports fields, and swimming pools. The tower consists of four residential blocks that have an innovative architectural style with a streamlined form and glass facades. The complex is situated on Wavez Avenue, which features a promenade with stores and cafés.

There are a total of 412 residential units that are spread out over ten floors of the building. Studios and one-bedroom apartments are available to buy and rent. Wavez Residence has smaller-sized properties with studios covering an area of 38 sq. m (409 sq. ft). Units consist of bedrooms and open-plan kitchens, as well as access to a balcony. There are 76 one-bedroom apartments that have a minimum size of 62 sq. m (676 sq. ft). Properties feature large panoramic windows, which allow for plenty of natural light.

Properties have a starting price of AED 350,000 (USD 95,290).

Wavez Residence is located in the Liwan community, which is part of the large-scale Dubailand area. The first buildings situated here were completed in 2012. Since then, the neighbourhood has been developing with an infrastructure inspired by the city of San Francisco. Residential towers are juxtaposed with commercial buildings, and the area offers an abundance of parks, ponds, and fountains.

Wavez Residence offers many profitable investment opportunities. The complex is conveniently located near educational institutions and business districts, which increases the demand for rental units from professionals and students. The return on investment rate for a studio is 6.5%, and the return rate for a one-bedroom apartment is 6.9%.

The complex was built in a freehold zone, which means that it is possible to earn an income by renting properties out. For example, an annual income of at least AED 25,000 (USD 6,806) can be made by renting out a studio.

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