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Studio · 577 sqftBlue Wave Tower, Dubailand Residence Complex · 15th floor · completed 2023

1504, Blue Wave Tower

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

Unit 1504 · DLD and Ejari recordsUpdated 24 September 2025
Last soldAED 485K5 September 2024
Current rentAED 45K /yr24 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1504, Blue Wave Tower

What is 1504 worth today?

Last sold for AED 485,000 in 2024

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24 Sep 2025RentedRenewal
AED 44,875/yr12 months · AED 78 per sqft
24 Sep 2024RentedNew contract
AED 45,000/yr12 months · AED 78 per sqft
5 Sep 2024SoldReady
AED 485,000AED 841 per sqft
17 May 2023RentedNew contract
AED 40,000/yr12 months · AED 69 per sqft
6 Jun 2021Sold by developerOff-plan
AED 435,124AED 759 per sqft

Source: Dubai Land Department. Updated 24 September 2025.

Key facts

Type
Studio apartment
Size
577 sqft
Floor
15th of 19
Parking
P3-47
Developer
Tiger Properties
Completed
2023
Service charge
AED 9,000 /yr
Last sold
AED 485K · September 2024
Building
Blue Wave Tower

About 1504, Blue Wave Tower

1504 is a studio of 577 sqft on the 15th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. It last sold on 5 September 2024 for AED 485,000, or AED 841 per sqft, 4% below the AED 873 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 24 September 2025, is AED 44,875 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 9,000 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, 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, June 2021: AED 435,124 (AED 759 per sqft)Sold, September 2024: AED 485,000 (AED 841 per sqft)

1504 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1504, each contractTypical studio in Blue Wave Tower
35K40K45K20232024202520262027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, May 2023: AED 40,000 a yearNew contract, September 2024: AED 45,000 a yearRenewal, September 2025: AED 44,875 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 1504 sits

All 326 studios →

1504 last sold in September 2024 at AED 841 per sqft, 4% below what studios in Blue Wave Tower were fetching at the time (AED 873). 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. 1504's AED 44,875 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 15th floor

All 556 units in Blue Wave Tower
Value
1501StudioNo registered sale
1502StudioAED 443K · Apr 2022
1503StudioAED 436K · Dec 2022
1505StudioAED 349K · Mar 2023
1506StudioAED 349K · Mar 2022
15071-bedAED 680K · Jun 2022
15081-bedNo registered sale
1–7 of 30

1504, Blue Wave Tower in numbers

  • Sold twice: first on 6 June 2021 for AED 435,124, last on 5 September 2024 for AED 485,000 (AED 841 per sqft).
  • Rented since May 2023 on 3 Ejari contracts, from AED 40,000 to AED 44,875 a year.
  • At AED 44,875 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 9,000 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 24 September 2025.

Questions about 1504, Blue Wave Tower

What did unit 1504 last sell for?

AED 485,000 on 5 September 2024: AED 841 per sqft for 577 sqft. The unit has 2 registered sales; the first was AED 435,124 in June 2021.

What is the rent for unit 1504?

AED 44,875 a year on the contract renewed on 24 September 2025. The previous contract, from September 2024, was AED 45,000; the unit has been rented since May 2023.

How big is unit 1504?

577 sqft (53.6 sqm): a studio on the 15th floor of a 19-storey tower completed in 2023.

What is unit 1504 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 1504, Blue Wave Tower

Starts from the last sale price (AED 485K, 5 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 485,000
Deposit, UAE resident (20%)
AED 97,000
Deposit, non-resident (40%)
AED 194,000
Monthly over 25 years at 3.7%
AED 1,984

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