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Studio · 408 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

506, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in May 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 19 May 2023
Last soldAED 349K19 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Blue Wave Tower

What is 506 worth today?

Last sold for AED 349,000 in 2023

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19 May 2023Sold by developerReady
AED 349,000AED 855 per sqft

Source: Dubai Land Department. Updated 19 May 2023.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
5th of 19
Parking
P2-33
Developer
Tiger Properties
Completed
2023
Service charge
AED 6,300 /yr
Last sold
AED 349K · May 2023
Building
Blue Wave Tower

About 506, Blue Wave Tower

506 is a studio of 408 sqft on the 5th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 19 May 2023 for AED 349,000, or AED 855 per sqft, 7% above the AED 799 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 506 over time

Sales
Unit 506, 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, May 2023: AED 349,000 (AED 855 per sqft)

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

Rents
Unit 506, each contractTypical studio in Blue Wave Tower
35K40K20232024202520262027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000

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 506 sits

All 326 studios →

506 last sold in May 2023 at AED 855 per sqft, 7% above what studios in Blue Wave Tower were fetching at the time (AED 799). 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.

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 5th floor

All 556 units in Blue Wave Tower
Value
501StudioAED 436K · May 2023
502StudioAED 520K · May 2026
503StudioAED 437K · Mar 2022
504StudioAED 456K · Feb 2021
505StudioAED 349K · Oct 2023
5071-bedAED 712K · Nov 2022
5081-bedNo registered sale
1–7 of 29

506, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 19 May 2023 for AED 349,000, or AED 855 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 19 May 2023.

Questions about 506, Blue Wave Tower

What did unit 506 last sell for?

AED 349,000 on 19 May 2023, sold by the developer: AED 855 per sqft for 408 sqft. It is the only registered sale of the unit.

How big is unit 506?

408 sqft (37.9 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 506 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 506, Blue Wave Tower

Starts from the last sale price (AED 349K, 19 May 2023). 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 →