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Studio · 619 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

530, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in February 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 530 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 590K26 February 2024
Current rentAED 44K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 530, Blue Wave Tower

What is 530 worth today?

Last sold for AED 590,000 in 2024

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15 Oct 2024RentedNew contract
AED 44,000/yr12 months · AED 72 per sqft
26 Feb 2024Sold by developerReady
AED 590,000AED 953 per sqft
18 May 2023RentedNew contract
AED 36,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
Studio apartment
Size
619 sqft
Floor
5th of 19
Parking
B2-39
Developer
Tiger Properties
Completed
2023
Service charge
AED 9,600 /yr
Last sold
AED 590K · February 2024
Building
Blue Wave Tower

About 530, Blue Wave Tower

530 is a studio of 619 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 26 February 2024 for AED 590,000, or AED 953 per sqft, 11% above the AED 855 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 15 October 2024, is AED 44,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 9,600 a year.

Sales and rents for 530 over time

Sales
Unit 530, each saleTypical studio in Blue Wave Tower
400K500K600K2020202220242026Typical 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 2024: AED 590,000 (AED 953 per sqft)

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

Rents
Unit 530, 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 36,000 a yearNew contract, October 2024: 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 530 sits

All 298 studios →

530 last sold in February 2024 at AED 953 per sqft, 11% above what studios in Blue Wave Tower were fetching at the time (AED 855). 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. 530'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
505StudioAED 349K · Oct 2023
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
1–7 of 29

530, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 26 February 2024 for AED 590,000, or AED 953 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, from AED 36,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 9,600 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 15 October 2024.

Questions about 530, Blue Wave Tower

What did unit 530 last sell for?

AED 590,000 on 26 February 2024, sold by the developer: AED 953 per sqft for 619 sqft. It is the only registered sale of the unit.

What is the rent for unit 530?

AED 44,000 a year on the contract signed on 15 October 2024. The previous contract, from May 2023, was AED 36,000.

How big is unit 530?

619 sqft (57.5 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 530 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 530, Blue Wave Tower

Starts from the last sale price (AED 590K, 26 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 590,000
Deposit, UAE resident (20%)
AED 118,000
Deposit, non-resident (40%)
AED 236,000
Monthly over 25 years at 3.7%
AED 2,414

Plus AED 29,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →