diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6c3c1a0ea..0e95e738a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,8 +6,11 @@
     - **Feature:** Add new `GoogleChat` webhook
 - `scf`: [v0.2.1](services/scf/CHANGELOG.md#v021)
   - **Feature:** Add waiter for deletion of organization
-- `iaas`: [v0.29.1](services/iaas/CHANGELOG.md#v0291)
-  - **Bugfix:** Parsing oneOf with enum and string value
+- `iaas`: 
+  - [v0.29.2](services/iaas/CHANGELOG.md#v0291)
+    - Increase Timeouts for network area and network wait handlers to 30 minutes
+  - [v0.29.1](services/iaas/CHANGELOG.md#v0291)
+    - **Bugfix:** Parsing oneOf with enum and string value
 - `stackitmarketplace`: [v1.7.1](services/stackitmarketplace/CHANGELOG.md#v171)
   - **Bugfix:** oneOfs with enums and strings can not be parsed
 
diff --git a/services/iaas/CHANGELOG.md b/services/iaas/CHANGELOG.md
index 8bb751444..17dd0ea11 100644
--- a/services/iaas/CHANGELOG.md
+++ b/services/iaas/CHANGELOG.md
@@ -1,3 +1,6 @@
+## v0.29.2
+- Increase Timeouts for network area and network wait handlers to 30 minutes
+
 ## v0.29.1
 - **Bugfix:** Parsing oneOf with enum and string value
 
diff --git a/services/iaas/VERSION b/services/iaas/VERSION
index 7b48c978f..9f27816d8 100644
--- a/services/iaas/VERSION
+++ b/services/iaas/VERSION
@@ -1 +1 @@
-v0.29.1
\ No newline at end of file
+v0.29.2
\ No newline at end of file
diff --git a/services/iaas/wait/wait.go b/services/iaas/wait/wait.go
index 5cf7e6347..08c30775b 100644
--- a/services/iaas/wait/wait.go
+++ b/services/iaas/wait/wait.go
@@ -73,7 +73,7 @@ func CreateNetworkAreaWaitHandler(ctx context.Context, a APIClientInterface, org
 		}
 		return false, area, nil
 	})
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }
 
@@ -94,7 +94,7 @@ func UpdateNetworkAreaWaitHandler(ctx context.Context, a APIClientInterface, org
 		return false, area, nil
 	})
 	handler.SetSleepBeforeWait(2 * time.Second)
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }
 
@@ -114,7 +114,7 @@ func DeleteNetworkAreaWaitHandler(ctx context.Context, a APIClientInterface, org
 		}
 		return true, nil, nil
 	})
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }
 
@@ -135,7 +135,7 @@ func CreateNetworkWaitHandler(ctx context.Context, a APIClientInterface, project
 		return false, network, nil
 	})
 	handler.SetSleepBeforeWait(2 * time.Second)
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }
 
@@ -156,7 +156,7 @@ func UpdateNetworkWaitHandler(ctx context.Context, a APIClientInterface, project
 		return false, network, nil
 	})
 	handler.SetSleepBeforeWait(2 * time.Second)
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }
 
@@ -176,7 +176,7 @@ func DeleteNetworkWaitHandler(ctx context.Context, a APIClientInterface, project
 		}
 		return true, nil, nil
 	})
-	handler.SetTimeout(15 * time.Minute)
+	handler.SetTimeout(30 * time.Minute)
 	return handler
 }