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Studio · 465 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

516, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in August 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 399K30 August 2020
Current rentAED 48K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Blue Wave Tower

What is 516 worth today?

Last sold for AED 399,000 in 2020

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1 Jul 2025RentedRenewal
AED 48,000/yr12 months · AED 102 per sqft
2 Jul 2024RentedNew contract
AED 48,134/yr12 months · AED 102 per sqft
30 Aug 2020Sold by developerOff-plan
AED 399,000AED 857 per sqft

Source: Dubai Land Department. Updated 1 July 2025.

Key facts

Type
Studio apartment
Size
465 sqft
Floor
5th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,200 /yr
Last sold
AED 399K · August 2020
Building
Blue Wave Tower

About 516, Blue Wave Tower

516 is a studio of 465 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 30 August 2020 for AED 399,000, or AED 857 per sqft, 3% below the AED 885 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 1 July 2025, is AED 48,000 a year: a gross yield of 12.0% on the 2020 price, before the service charge of about AED 7,200 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, August 2020: AED 399,000 (AED 857 per sqft)

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

Rents
Unit 516, 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, July 2024: AED 48,134 a yearRenewal, July 2025: AED 48,000 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 516 sits

All 298 studios →

516 last sold in August 2020 at AED 857 per sqft, 3% below what studios in Blue Wave Tower were fetching at the time (AED 885). 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. 516's AED 48,000 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
504StudioAED 456K · Feb 2021
505StudioAED 349K · Oct 2023
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
1–7 of 29

516, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 30 August 2020 for AED 399,000, or AED 857 per sqft.
  • Rented since July 2024 on 2 Ejari contracts, from AED 48,134 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2020 price is 12.0%, before a service charge of about AED 7,200 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 July 2025.

Questions about 516, Blue Wave Tower

What did unit 516 last sell for?

AED 399,000 on 30 August 2020, sold by the developer: AED 857 per sqft for 465 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 48,000 a year on the contract renewed on 1 July 2025. The previous contract, from July 2024, was AED 48,134.

How big is unit 516?

465 sqft (43.2 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 516 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 516, Blue Wave Tower

Starts from the last sale price (AED 399K, 30 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 399,000
Deposit, UAE resident (20%)
AED 79,800
Deposit, non-resident (40%)
AED 159,600
Monthly over 25 years at 3.7%
AED 1,632

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