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Studio · 462 sqftBlue Wave Tower, Dubailand Residence Complex · 12th floor · completed 2023

1216, Blue Wave Tower

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

Unit 1216 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 386K28 December 2020
Current rentAED 38K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, Blue Wave Tower

What is 1216 worth today?

Last sold for AED 386,000 in 2020

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1 Oct 2026RentedNew contract
AED 38,000/yr12 months · AED 81 per sqft
21 Sep 2025RentedNew contract
AED 45,000/yr12 months · AED 96 per sqft
10 May 2025RentedNew contract
AED 48,000/yr12 months · AED 102 per sqft
10 May 2024RentedNew contract
AED 45,000/yr12 months · AED 96 per sqft
28 Dec 2020Sold by developerOff-plan
AED 386,000AED 834 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
462 sqft
Floor
12th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,200 /yr
Last sold
AED 386K · December 2020
Building
Blue Wave Tower

About 1216, Blue Wave Tower

1216 is a studio of 462 sqft on the 12th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 28 December 2020 for AED 386,000, or AED 834 per sqft, 5% below the AED 882 studios in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 1 October 2026, is AED 38,000 a year: a gross yield of 9.8% on the 2020 price, before the service charge of about AED 7,200 a year.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical studio in Blue Wave Tower
400K500K2020202220242026Typical sale price by year: 2020 AED 370,000; 2021 AED 435,860; 2022 AED 442,733; 2023 AED 400,000; 2024 AED 445,000; 2025 AED 455,000; 2026 AED 510,000Sold by developer, December 2020: AED 386,000 (AED 834 per sqft)

1216 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1216, each contractTypical studio in Blue Wave Tower
40K50K202320252027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, May 2024: AED 45,000 a yearNew contract, May 2025: AED 48,000 a yearNew contract, September 2025: AED 45,000 a yearNew contract, October 2026: AED 38,000 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 1216 sits

All 326 studios →

1216 last sold in December 2020 at AED 834 per sqft, 5% below what studios in Blue Wave Tower were fetching at the time (AED 882). Over the last 12 months studios sold for AED 307,704 to 565,000, around AED 953 per sqft, and rent for AED 25,000 to 67,229 a year. 1216's AED 38,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026510,000
6 Oct 2026540,000
1 Oct 2026445,000
24 Sep 2026485,000
31 studio sales in the last 12 months

Blue Wave Tower

Building

556 apartments, studios to 2-bed over 19 floors in Dubailand Residence Complex, completed in 2023 by Tiger Properties. 40 sold in the last 12 months.

Typical price per sqft
AED 955 Up 3.8%
Typical sale
AED 520K
Typical rent
AED 46K /yr
Typical yield
8.0%
Blue Wave Tower, Dubailand Residence Complex: prices, sales and rents →

Other units on the 12th floor

All 556 units in Blue Wave Tower
Value
1201StudioAED 590K · Feb 2024
1202StudioAED 540K · May 2025
1203StudioAED 436K · Mar 2023
1204StudioAED 458K · Aug 2021
1205StudioAED 425K · Apr 2026
1206StudioAED 349K · Oct 2020
12071-bedAED 659K · Apr 2022
1–7 of 29

1216, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 28 December 2020 for AED 386,000, or AED 834 per sqft.
  • Rented since May 2024 on 4 Ejari contracts, from AED 45,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2020 price is 9.8%, before a service charge of about AED 7,200 a year (AED 15.54 per sqft).
  • Studios in Blue Wave Tower sold for AED 307,704–565,000 in the 12 months to November 2026; the building's median across all types is AED 955 per sqft.

Source: Dubai Land Department. Updated 1 October 2026.

Questions about 1216, Blue Wave Tower

What did unit 1216 last sell for?

AED 386,000 on 28 December 2020, sold by the developer: AED 834 per sqft for 462 sqft. It is the only registered sale of the unit.

What is the rent for unit 1216?

AED 38,000 a year on the contract signed on 1 October 2026. The previous contract, from September 2025, was AED 45,000; the unit has been rented since May 2024.

How big is unit 1216?

462 sqft (42.9 sqm): a studio on the 12th floor of a 19-storey tower completed in 2023.

What is unit 1216 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 307,704 to 565,000 in the last 12 months, around AED 953 per sqft.

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Mortgage on 1216, Blue Wave Tower

Starts from the last sale price (AED 386K, 28 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 386,000
Deposit, UAE resident (20%)
AED 77,200
Deposit, non-resident (40%)
AED 154,400
Monthly over 25 years at 3.7%
AED 1,579

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