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Studio · 470 sqftBlue Wave Tower, Dubailand Residence Complex · 16th floor · completed 2023

1616, Blue Wave Tower

Sold prices and rental history: sold twice, last in February 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1616 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 450K6 February 2025
Current rentAED 48K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1616, Blue Wave Tower

What is 1616 worth today?

Last sold for AED 450,000 in 2025

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1 May 2026RentedNew contract
AED 48,000/yr12 months · AED 101 per sqft
6 Feb 2025SoldReady
AED 450,000AED 957 per sqft
6 Mar 2023RentedNew contract
AED 34,000/yr12 months · AED 72 per sqft
7 Jun 2020Sold by developerOff-plan
AED 399,000AED 862 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
16th of 19
Parking
P1-47
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,300 /yr
Last sold
AED 450K · February 2025
Building
Blue Wave Tower

About 1616, Blue Wave Tower

1616 is a studio of 470 sqft on the 16th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. It last sold on 6 February 2025 for AED 450,000, or AED 957 per sqft, 7% above the AED 893 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 May 2026, is AED 48,000 a year: a gross yield of 10.7% on the 2025 price, before the service charge of about AED 7,300 a year.

Sales and rents for 1616 over time

Sales
Unit 1616, 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 2020: AED 399,000 (AED 862 per sqft)Sold, February 2025: AED 450,000 (AED 957 per sqft)

1616 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1616, each contractTypical studio in Blue Wave Tower
40K50K20232024202520262027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, March 2023: AED 34,000 a yearNew contract, May 2026: 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 1616 sits

All 326 studios →

1616 last sold in February 2025 at AED 957 per sqft, 7% above what studios in Blue Wave Tower were fetching at the time (AED 893). 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. 1616's AED 48,000 is in the upper 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 16th floor

All 556 units in Blue Wave Tower
Value
1601StudioAED 434K · Jul 2021
1602StudioAED 452K · Feb 2022
1603StudioAED 459K · Nov 2022
1604StudioAED 444K · Apr 2021
1605StudioAED 349K · Feb 2023
1606StudioAED 349K · Sep 2023
16071-bedAED 680K · Jun 2023
1–7 of 30

1616, Blue Wave Tower in numbers

  • Sold twice: first on 7 June 2020 for AED 399,000, last on 6 February 2025 for AED 450,000 (AED 957 per sqft).
  • Rented since March 2023 on 2 Ejari contracts, from AED 34,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2025 price is 10.7%, before a service charge of about AED 7,300 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 1 May 2026.

Questions about 1616, Blue Wave Tower

What did unit 1616 last sell for?

AED 450,000 on 6 February 2025: AED 957 per sqft for 470 sqft. The unit has 2 registered sales; the first was AED 399,000 in June 2020.

What is the rent for unit 1616?

AED 48,000 a year on the contract signed on 1 May 2026. The previous contract, from March 2023, was AED 34,000.

How big is unit 1616?

470 sqft (43.7 sqm): a studio on the 16th floor of a 19-storey tower completed in 2023.

What is unit 1616 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 1616, Blue Wave Tower

Starts from the last sale price (AED 450K, 6 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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