YOUR GUIDE TO SMARTER, HIGHER-EARNING PROPERTY MANAGEMENT
Waves Tower by Kasco, Business Bay
A 23-storey Kasco Developments residential tower directly on the Dubai Water Canal in Business Bay: location, unit types, and honest Airbnb income potential from Royale Stays.
Floors
23
Developer
Kasco Developments
Unit Types
Studio-2BR
Completed
April 2022
Location
Marasi Drive
About Waves Tower by Kasco
Waves Tower by Kasco is a 23-storey residential building on Marasi Drive in Business Bay, developed by Kasco Developments (led by Moufaq Alkaissi and Ahmed Al Janabi) and completed in April 2022. Positioned directly on the Dubai Water Canal, the tower offers studio, one-, and two-bedroom apartments, with canal views on facing units.
The Waves Tower name carries a genuine, three-way collision worth stating plainly. A project called Waves Tower first broke ground in Business Bay in 2008 under developers Shekhan and Farida Farnood; that original scheme was halted during planning and construction, then relaunched under new ownership as Kasco Tower in 2018, completing in April 2022 as the building this guide covers. Separately, an unrelated building called The Waves Tower A, with a smaller companion Tower B, exists in Dubai Marina, developed by DAMAC Properties and completed in 2006, a 27-storey tower with no connection to this Business Bay building beyond sharing part of a name. This guide covers Waves Tower by Kasco in Business Bay specifically, not the Marina towers and not the abandoned 2008 scheme.
Location & Nearby Landmarks
Waves Tower by Kasco sits on Marasi Drive in Business Bay, directly on the Dubai Water Canal, in the same canal-side stretch as several of Royale Stays' other Business Bay guides. For the fuller picture of how Royale Stays manages Airbnb properties across the district, see the Royale Stays Business Bay Airbnb management guide. The tower places residents a short drive from Downtown Dubai and Burj Khalifa, with DIFC and Dubai Design District also nearby.
Waves Tower by Kasco joins Royale Stays' wider Business Bay Building Guide cluster, alongside DAMAC Maison Canal Views, another canal-front tower on the same waterway, plus the guides to DAMAC Executive Bay and Zada Tower, two more Business Bay developments Royale Stays has covered.
Unit Types
Waves Tower by Kasco offers a studio-to-two-bedroom mix, with the developer's listed unit range spanning roughly 45 sqm studios up to two-bedroom apartments of approximately 147 sqm. Each apartment includes a balcony, and canal-facing units carry direct waterway views. A confirmed total unit count was not available across two independent sources at the time of writing, so it is not stated here rather than estimated.
Amenities
Amenities at Waves Tower by Kasco include a swimming pool, a fitness center, and a spa with sauna, in line with Kasco's residential product elsewhere in Business Bay. The building also includes ground-floor retail space, and 24-hour security with a staffed lobby is standard across the tower.
Transportation & Access
Business Bay's Metro station sits within reach of the Dubai Water Canal promenade that runs directly past Waves Tower by Kasco, and Sheikh Zayed Road access puts Downtown Dubai, DIFC, and Dubai International Airport within a short drive.
Rental & Price Trends
Royale Stays has not yet compiled Waves Tower by Kasco-specific market data covering long-term lease rents or service charges, so no building-specific figures are stated here rather than an invented estimate. Owners considering a unit at Waves Tower by Kasco can run their own numbers through Royale Stays' Dubai property ROI calculator for a unit-specific estimate instead.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Waves Tower by Kasco, runs through a DTCM (Department of Economy and Tourism) holiday home permit. Waves Tower by Kasco is a standard freehold residential building, not a hotel-branded or serviced-apartment property, so the process follows the ordinary owner-application route. Royale Stays' guide to the Dubai holiday home permit covers what the process involves.
Waves Tower by Kasco already carries live short-term booking listings: units in the building appear on Booking.com and Agoda under a "Kasco Homes" operator name, confirming genuine short-term demand at this address rather than a hypothetical one. Royale Stays manages furnishing, photography, pricing, and guest communications for owners across Business Bay from a fee starting at 15%, and can help an owner assess whether an individually-owned unit at Waves Tower by Kasco fits that model. For a wider comparison of what to look for in an operator, see Royale Stays' guide to choosing an Airbnb management company.
Owners ready to move forward can submit their property for a management review.
Royale Stays does not yet have Waves Tower by Kasco-specific portfolio data to draw on for this guide; income context reflects Royale Stays' wider Business Bay operator experience, reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions