The Waves Tower, Dubai Marina
The Waves Tower, also known as DAMAC The Waves, is a twin-tower waterfront development in Dubai Marina, developed by DAMAC Properties and completed in 2006. The complex is made up of a 27-storey Tower A and a 10-storey Tower B, holding 247 freehold apartments and duplex penthouses between them, and Royale Stays manages the setup, pricing and guest side of listing a unit here for a fee starting from 15%.
Storeys
Tower A: 27, Tower B: 10
Developer
DAMAC Properties
Completed
2006
Units
247 (complex-wide)
Ownership
Freehold
About The Waves Tower
The Waves Tower, also known as DAMAC The Waves, is a twin-tower residential development on the Dubai Marina waterfront, developed by DAMAC Properties and completed in 2006. The complex is made up of Tower A, which rises 27 storeys, and the shorter Tower B at 10 storeys, together holding 247 freehold apartments and duplex penthouses, per Bayut's building data.
Unit types span studio, one, two and three-bedroom apartments alongside duplex penthouses, consistent across Bayut's Tower A profile, Property Finder's listing pages and 1newhomes.ae's development archive. The Waves was one of DAMAC's earlier completions in Dubai Marina, delivered the same year as several of the waterfront community's first wave of towers.
Location & Nearby Landmarks
The Waves Tower sits inside Dubai Marina, one of Dubai's most established freehold waterfront communities, within a roughly five-minute drive of Dubai Marina Mall and walking distance of DMCC Metro Station. For a wider view of the area's short-term rental market, Royale Stays' Airbnb management guide for Dubai Marina covers licensing and demand across the community.
Dubai Marina is also home to several other buildings Royale Stays manages directly, including DEC Tower 1 and Marina Diamonds, each with its own layout and rental profile.
Unit Types
The Waves Tower offers studio, one, two and three-bedroom apartments together with duplex penthouses across its two towers, 247 units in total. Reported unit sizes across the complex run from around 1,033 sq ft up to about 3,810 sq ft for the largest layouts, per 1newhomes.ae's listing data. Sources differ slightly on the duplex penthouse bedroom count (Bayut's Tower A profile states three bedrooms, its complex-wide DAMAC The Waves profile states four), so this guide describes them simply as duplex penthouses rather than picking a single figure.
Amenities
Residents have access to a gymnasium, a swimming pool with sun deck, a spa, sauna and steam room, a podium tennis court, a children's play area, a residents' lounge and a barbecue area, plus covered parking, 24-hour security with CCTV monitoring, high-speed elevators and round-the-clock concierge and helpdesk services. The building is pet-friendly.
Transportation & Access
The Waves Tower has direct access to Sheikh Zayed Road (E11), Dubai Marina's main arterial connection to the rest of the city, with DMCC Metro Station within walking distance and Dubai Marina Mall a short drive away. Dubai International Airport is roughly 30 minutes by car depending on traffic.
Rental & Price Trends
Reliable, current resale pricing specific to The Waves Tower was not independently verified during this research pass. The building's original 2006 developer launch pricing, per 1newhomes.ae's listing archive, ran from around AED 1,299,000 for a one-bedroom apartment to AED 4,790,000 for a duplex penthouse, before the multi-year price gains typical of an established, freehold Dubai Marina tower of this age. Owners weighing a specific unit's current numbers can run their own scenario through Royale Stays' ROI calculator.
Airbnb / Short-Term Rental Income Potential
Dubai Marina is one of Dubai's best-performing short-term rental areas, and The Waves Tower already has a presence in that market: independent listings for "Damac Waves Tower" apartments appear on booking.com and other short-term rental platforms, a real third-party demand signal rather than something Royale Stays operates itself. Across the area, a professionally managed one-bedroom apartment typically earns around AED 16,400 per month on Airbnb, compared to around AED 7,000 per month on a standard 12-month tenancy for a similar unit, per Royale Stays' Dubai Marina area guide.
The Waves Tower's freehold status and studio-to-three-bedroom unit mix put it squarely within the kind of property Royale Stays' Airbnb management services are built for: furnishing, photography, dynamic pricing, guest communications, check-in and maintenance coordination, all handled from a management fee starting at 15%. Owners considering a Waves Tower apartment for short-term letting can get a free property assessment by submitting their property directly.
Because The Waves Tower is a standard freehold residential building rather than a hotel-branded or serviced-apartment property, holiday-home permitting follows the normal Dubai Department of Economy and Tourism route: see Royale Stays' holiday home permit guide for the full process.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions