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Studio · 378 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

505, Blue Wave Tower

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

Unit 505 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 349K25 October 2023
Current rentAED 44K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Blue Wave Tower

What is 505 worth today?

Last sold for AED 349,000 in 2023

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1 Feb 2025RentedNew contract
AED 44,000/yr12 months · AED 117 per sqft
25 Oct 2023Sold by developerReady
AED 349,000AED 924 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
Studio apartment
Size
378 sqft
Floor
5th of 19
Parking
P2-43
Developer
Tiger Properties
Completed
2023
Service charge
AED 5,900 /yr
Last sold
AED 349K · October 2023
Building
Blue Wave Tower

About 505, Blue Wave Tower

505 is a studio of 378 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 25 October 2023 for AED 349,000, or AED 924 per sqft, 16% above the AED 799 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 February 2025. The current contract, signed on 1 February 2025, is AED 44,000 a year: a gross yield of 12.6% on the 2023 price, before the service charge of about AED 5,900 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical studio in Blue Wave Tower
400K500K2020202220242026Typical 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, October 2023: AED 349,000 (AED 924 per sqft)

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

Rents
Unit 505, 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, February 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 505 sits

All 298 studios →

505 last sold in October 2023 at AED 924 per sqft, 16% above 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. 505'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 5th floor

All 553 units in Blue Wave Tower
Value
501StudioAED 436K · May 2023
502StudioAED 443K · Feb 2022
503StudioAED 437K · Mar 2022
504StudioAED 456K · Feb 2021
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
5081-bedNo registered sale
1–7 of 29

505, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 25 October 2023 for AED 349,000, or AED 924 per sqft.
  • Rented since February 2025 on one Ejari contract, at AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 12.6%, before a service charge of about AED 5,900 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 February 2025.

Questions about 505, Blue Wave Tower

What did unit 505 last sell for?

AED 349,000 on 25 October 2023, sold by the developer: AED 924 per sqft for 378 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 44,000 a year on the contract signed on 1 February 2025.

How big is unit 505?

378 sqft (35.1 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 505 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 505, Blue Wave Tower

Starts from the last sale price (AED 349K, 25 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 349,000
Deposit, UAE resident (20%)
AED 69,800
Deposit, non-resident (40%)
AED 139,600
Monthly over 25 years at 3.7%
AED 1,428

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