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Studio · 574 sqftBlue Wave Tower, Dubailand Residence Complex · 16th floor · completed 2023

1603, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 459K1 November 2022
Current rentAED 44K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Blue Wave Tower

What is 1603 worth today?

Last sold for AED 459,059 in 2022

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1 May 2025RentedNew contract
AED 44,000/yr12 months · AED 76 per sqft
12 Dec 2024RentedRenewal
AED 43,000/yr12 months · AED 75 per sqft
12 Dec 2023RentedNew contract
AED 43,000/yr12 months · AED 75 per sqft
22 May 2023RentedNew contract
AED 39,000/yr12 months · AED 68 per sqft
1 Nov 2022Sold by developerOff-plan
AED 459,059AED 799 per sqft

Source: Dubai Land Department. Updated 1 May 2025.

Key facts

Type
Studio apartment
Size
574 sqft
Floor
16th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 8,900 /yr
Last sold
AED 459K · November 2022
Building
Blue Wave Tower

About 1603, Blue Wave Tower

1603 is a studio of 574 sqft on the 16th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 1 November 2022 for AED 459,059, or AED 799 per sqft, in line with the AED 799 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 1 May 2025, is AED 44,000 a year: a gross yield of 9.6% on the 2022 price, before the service charge of about AED 8,900 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical studio in Blue Wave Tower
400K450K2020202220242026Typical sale price by year: 2020 AED 386,000; 2021 AED 435,860; 2022 AED 443,101; 2023 AED 400,000; 2024 AED 445,000; 2025 AED 450,000; 2026 AED 482,500Sold by developer, November 2022: AED 459,059 (AED 799 per sqft)

1603 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1603, each contractTypical studio in Blue Wave Tower
35K40K45K20232024202520262027Typical rent by year: 2023 AED 36,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 44,500New contract, May 2023: AED 39,000 a yearNew contract, December 2023: AED 43,000 a yearRenewal, December 2024: AED 43,000 a yearNew contract, May 2025: AED 44,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Blue Wave Tower, and where 1603 sits

All 298 studios →

1603 last sold in November 2022 at AED 799 per sqft, in line with what studios in Blue Wave Tower were fetching at the time (AED 799). Over the last 12 months studios sold for AED 349,000 to 565,000, around AED 1,074 per sqft, and rent for AED 31,000 to 59,000 a year. 1603's AED 44,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Feb 2026515,000
5 Feb 2026530,000
21 Jan 2026440,000
19 Jan 2026450,000
7 studio sales in the last 12 months

Blue Wave Tower

Building

553 apartments, studios to 2-bed over 19 floors in Dubailand Residence Complex, completed in 2023 by Tiger Properties. 10 sold in the last 12 months.

Typical price per sqft
AED 1,040 Up 13.0%
Typical sale
AED 523K
Typical rent
AED 48K /yr
Typical yield
8.3%
Blue Wave Tower, Dubailand Residence Complex: prices, sales and rents →

Other units on the 16th floor

All 553 units in Blue Wave Tower
Value
1601StudioAED 434K · Jul 2021
1602StudioAED 452K · Feb 2022
1604StudioAED 444K · Apr 2021
1605StudioAED 349K · Feb 2023
1606StudioAED 349K · Sep 2023
16071-bedAED 680K · Jun 2023
16081-bedNo registered sale
1–7 of 30

1603, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 1 November 2022 for AED 459,059, or AED 799 per sqft.
  • Rented since May 2023 on 4 Ejari contracts, from AED 39,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2022 price is 9.6%, before a service charge of about AED 8,900 a year (AED 15.54 per sqft).
  • Studios in Blue Wave Tower sold for AED 349,000–565,000 in the 12 months to November 2026; the building's median across all types is AED 1,040 per sqft.

Source: Dubai Land Department. Updated 1 May 2025.

Questions about 1603, Blue Wave Tower

What did unit 1603 last sell for?

AED 459,059 on 1 November 2022, sold by the developer: AED 799 per sqft for 574 sqft. It is the only registered sale of the unit.

What is the rent for unit 1603?

AED 44,000 a year on the contract signed on 1 May 2025. The previous contract, from December 2024, was AED 43,000; the unit has been rented since May 2023.

How big is unit 1603?

574 sqft (53.3 sqm): a studio on the 16th floor of a 19-storey tower completed in 2023.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Blue Wave Tower sold for AED 349,000 to 565,000 in the last 12 months, around AED 1,074 per sqft.

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Mortgage on 1603, Blue Wave Tower

Starts from the last sale price (AED 459K, 1 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 459,059
Deposit, UAE resident (20%)
AED 91,812
Deposit, non-resident (40%)
AED 183,624
Monthly over 25 years at 3.7%
AED 1,878

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →