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Studio · 378 sqftBlue Wave Tower, Dubailand Residence Complex · 4th floor · completed 2023

405, Blue Wave Tower

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 25 August 2026
Last soldAED 390K3 June 2024
Current rentAED 38K /yr25 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Blue Wave Tower

What is 405 worth today?

Last sold for AED 390,000 in 2024

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25 Aug 2026RentedNew contract
AED 38,000/yr12 months · AED 101 per sqft
7 Jul 2025RentedRenewal
AED 41,000/yr12 months · AED 109 per sqft
6 Jul 2024RentedNew contract
AED 37,000/yr12 months · AED 98 per sqft
3 Jun 2024SoldReady
AED 390,000AED 1,032 per sqft
6 Mar 2024RentedNew contract
AED 38,000/yr12 months · AED 101 per sqft
24 Jan 2024SoldReady
AED 330,000AED 873 per sqft
1 Jul 2020Sold by developerOff-plan
AED 349,000AED 919 per sqft

Source: Dubai Land Department. Updated 25 August 2026.

Key facts

Type
Studio apartment
Size
378 sqft
Floor
4th of 19
Parking
P3-14
Developer
Tiger Properties
Completed
2023
Service charge
AED 5,900 /yr
Last sold
AED 390K · June 2024
Building
Blue Wave Tower

About 405, Blue Wave Tower

405 is a studio of 378 sqft on the 4th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. It last sold on 3 June 2024 for AED 390,000, or AED 1,032 per sqft, 21% above the AED 856 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 25 August 2026, is AED 38,000 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 5,900 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical studio in Blue Wave Tower
300K400K500K2020202220242026Typical 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, July 2020: AED 349,000 (AED 919 per sqft)Sold, January 2024: AED 330,000 (AED 873 per sqft)Sold, June 2024: AED 390,000 (AED 1,032 per sqft)

405 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 405, 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, March 2024: AED 38,000 a yearNew contract, July 2024: AED 37,000 a yearRenewal, July 2025: AED 41,000 a yearNew contract, August 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 405 sits

All 326 studios →

405 last sold in June 2024 at AED 1,032 per sqft, 21% above what studios in Blue Wave Tower were fetching at the time (AED 856). 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. 405'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 4th floor

All 556 units in Blue Wave Tower
Value
401StudioAED 450K · Feb 2023
402StudioAED 525K · Sep 2025
403StudioAED 460K · Nov 2022
404StudioAED 434K · Oct 2021
406StudioAED 373K · Mar 2024
4071-bedNo registered sale
4081-bedNo registered sale
1–7 of 30

405, Blue Wave Tower in numbers

  • Sold 3 times: first on 1 July 2020 for AED 349,000, last on 3 June 2024 for AED 390,000 (AED 1,032 per sqft).
  • Rented since March 2024 on 4 Ejari contracts, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 9.7%, before a service charge of about AED 5,900 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 25 August 2026.

Questions about 405, Blue Wave Tower

What did unit 405 last sell for?

AED 390,000 on 3 June 2024: AED 1,032 per sqft for 378 sqft. The unit has 3 registered sales; the first was AED 349,000 in July 2020.

What is the rent for unit 405?

AED 38,000 a year on the contract signed on 25 August 2026. The previous contract, from July 2025, was AED 41,000; the unit has been rented since March 2024.

How big is unit 405?

378 sqft (35.1 sqm): a studio on the 4th floor of a 19-storey tower completed in 2023.

What is unit 405 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 405, Blue Wave Tower

Starts from the last sale price (AED 390K, 3 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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