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Studio · 571 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

504, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in February 2021, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 28 February 2025
Last soldAED 456K10 February 2021
Current rentAED 51K /yr28 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Blue Wave Tower

What is 504 worth today?

Last sold for AED 456,475 in 2021

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28 Feb 2025RentedNew contract
AED 51,000/yr12 months · AED 89 per sqft
10 Feb 2021Sold by developerOff-plan
AED 456,475AED 799 per sqft

Source: Dubai Land Department. Updated 28 February 2025.

Key facts

Type
Studio apartment
Size
571 sqft
Floor
5th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 8,900 /yr
Last sold
AED 456K · February 2021
Building
Blue Wave Tower

About 504, Blue Wave Tower

504 is a studio of 571 sqft on the 5th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 10 February 2021 for AED 456,475, or AED 799 per sqft, 9% below the AED 881 studios in the building were fetching at the time.

One Ejari contract is registered, from 28 February 2025. The current contract, signed on 28 February 2025, is AED 51,000 a year: a gross yield of 11.2% on the 2021 price, before the service charge of about AED 8,900 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, February 2021: AED 456,475 (AED 799 per sqft)

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

Rents
Unit 504, each contractTypical studio in Blue Wave Tower
40K50K20232024202520262027Typical rent by year: 2023 AED 36,000; 2024 AED 39,000; 2025 AED 42,000; 2026 AED 44,500New contract, February 2025: AED 51,000 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 504 sits

All 298 studios →

504 last sold in February 2021 at AED 799 per sqft, 9% below what studios in Blue Wave Tower were fetching at the time (AED 881). 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. 504's AED 51,000 is in the upper 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 5th floor

All 553 units in Blue Wave Tower
Value
501StudioAED 436K · May 2023
502StudioAED 443K · Feb 2022
503StudioAED 437K · Mar 2022
505StudioAED 349K · Oct 2023
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
5081-bedNo registered sale
1–7 of 29

504, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 10 February 2021 for AED 456,475, or AED 799 per sqft.
  • Rented since February 2025 on one Ejari contract, at AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2021 price is 11.2%, 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 28 February 2025.

Questions about 504, Blue Wave Tower

What did unit 504 last sell for?

AED 456,475 on 10 February 2021, sold by the developer: AED 799 per sqft for 571 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 51,000 a year on the contract signed on 28 February 2025.

How big is unit 504?

571 sqft (53.0 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 504 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 504, Blue Wave Tower

Starts from the last sale price (AED 456K, 10 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 456,475
Deposit, UAE resident (20%)
AED 91,295
Deposit, non-resident (40%)
AED 182,590
Monthly over 25 years at 3.7%
AED 1,868

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