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Studio · 470 sqftBlue Wave Tower, Dubailand Residence Complex · 16th floor · completed 2023

1616, Blue Wave Tower

Sold prices and rental history: sold twice, last in February 2025, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1616 · DLD and Ejari recordsUpdated 6 February 2025
Last soldAED 450K6 February 2025
Current rentAED 34K /yr6 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1616, Blue Wave Tower

What is 1616 worth today?

Last sold for AED 450,000 in 2025

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6 Feb 2025SoldReady
AED 450,000AED 957 per sqft
6 Mar 2023RentedNew contract
AED 34,000/yr12 months · AED 72 per sqft
7 Jun 2020Sold by developerOff-plan
AED 399,000AED 862 per sqft

Source: Dubai Land Department. Updated 6 February 2025.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
16th of 19
Parking
P1-47
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,300 /yr
Last sold
AED 450K · February 2025
Building
Blue Wave Tower

About 1616, Blue Wave Tower

1616 is a studio of 470 sqft on the 16th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. It last sold on 6 February 2025 for AED 450,000, or AED 957 per sqft, 8% above the AED 888 studios in the building were fetching at the time.

One Ejari contract is registered, from 6 March 2023. The current contract, signed on 6 March 2023, is AED 34,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 7,300 a year.

Sales and rents for 1616 over time

Sales
Unit 1616, 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, June 2020: AED 399,000 (AED 862 per sqft)Sold, February 2025: AED 450,000 (AED 957 per sqft)

1616 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1616, 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, March 2023: AED 34,000 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 1616 sits

All 298 studios →

1616 last sold in February 2025 at AED 957 per sqft, 8% above what studios in Blue Wave Tower were fetching at the time (AED 888). 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. 1616's AED 34,000 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
1603StudioAED 459K · Nov 2022
1604StudioAED 444K · Apr 2021
1605StudioAED 349K · Feb 2023
1606StudioAED 349K · Sep 2023
16071-bedAED 680K · Jun 2023
1–7 of 30

1616, Blue Wave Tower in numbers

  • Sold twice: first on 7 June 2020 for AED 399,000, last on 6 February 2025 for AED 450,000 (AED 957 per sqft).
  • Rented since March 2023 on one Ejari contract, at AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 7,300 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 6 February 2025.

Questions about 1616, Blue Wave Tower

What did unit 1616 last sell for?

AED 450,000 on 6 February 2025: AED 957 per sqft for 470 sqft. The unit has 2 registered sales; the first was AED 399,000 in June 2020.

What is the rent for unit 1616?

AED 34,000 a year on the contract signed on 6 March 2023.

How big is unit 1616?

470 sqft (43.7 sqm): a studio on the 16th floor of a 19-storey tower completed in 2023.

What is unit 1616 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 1616, Blue Wave Tower

Starts from the last sale price (AED 450K, 6 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →