Home
Dubai prices
About
Research
Studio · 406 sqftBlue Wave Tower, Dubailand Residence Complex · 15th floor · completed 2023

1506, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in March 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 12 October 2026
Last soldAED 349K14 March 2022
Current rentAED 40K /yr12 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1506

Property timeline for 1506, Blue Wave Tower

What is 1506 worth today?

Last sold for AED 349,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Oct 2026RentedRenewal
AED 40,000/yr12 months · AED 98 per sqft
12 Oct 2025RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
20 Aug 2024RentedRenewal
AED 38,000/yr12 months · AED 93 per sqft
20 Aug 2023RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
14 Mar 2022Sold by developerOff-plan
AED 349,000AED 859 per sqft

Source: Dubai Land Department. Updated 12 October 2026.

Key facts

Type
Studio apartment
Size
406 sqft
Floor
15th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 6,300 /yr
Last sold
AED 349K · March 2022
Building
Blue Wave Tower

About 1506, Blue Wave Tower

1506 is a studio of 406 sqft on the 15th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 14 March 2022 for AED 349,000, or AED 859 per sqft, 13% above the AED 759 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 12 October 2026, is AED 40,000 a year: a gross yield of 11.5% on the 2022 price, before the service charge of about AED 6,300 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, 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, March 2022: AED 349,000 (AED 859 per sqft)

1506 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1506, each contractTypical studio in Blue Wave Tower
35K40K202320252027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, August 2023: AED 36,000 a yearRenewal, August 2024: AED 38,000 a yearNew contract, October 2025: AED 40,000 a yearRenewal, October 2026: AED 40,000 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 1506 sits

All 326 studios →

1506 last sold in March 2022 at AED 859 per sqft, 13% above what studios in Blue Wave Tower were fetching at the time (AED 759). 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. 1506's AED 40,000 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 15th floor

All 556 units in Blue Wave Tower
Value
1501StudioNo registered sale
1502StudioAED 443K · Apr 2022
1503StudioAED 436K · Dec 2022
1504StudioAED 485K · Sep 2024
1505StudioAED 349K · Mar 2023
15071-bedAED 680K · Jun 2022
15081-bedNo registered sale
1–7 of 30

1506, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 14 March 2022 for AED 349,000, or AED 859 per sqft.
  • Rented since August 2023 on 4 Ejari contracts, from AED 36,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 11.5%, before a service charge of about AED 6,300 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 12 October 2026.

Questions about 1506, Blue Wave Tower

What did unit 1506 last sell for?

AED 349,000 on 14 March 2022, sold by the developer: AED 859 per sqft for 406 sqft. It is the only registered sale of the unit.

What is the rent for unit 1506?

AED 40,000 a year on the contract renewed on 12 October 2026. The previous contract, from October 2025, was AED 40,000; the unit has been rented since August 2023.

How big is unit 1506?

406 sqft (37.7 sqm): a studio on the 15th floor of a 19-storey tower completed in 2023.

What is unit 1506 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.

Selling 1506? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1506, Blue Wave Tower

Starts from the last sale price (AED 349K, 14 March 2022). 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 →