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Studio · 455 sqftBlue Wave Tower, Dubailand Residence Complex · 6th floor · completed 2023

624, Blue Wave Tower

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

Unit 624 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 390K19 September 2023
Current rentAED 40K /yr14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 624, Blue Wave Tower

What is 624 worth today?

Last sold for AED 390,000 in 2023

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14 Oct 2024RentedRenewal
AED 39,600/yr12 months · AED 88 per sqft
14 Oct 2023RentedNew contract
AED 39,600/yr12 months · AED 88 per sqft
19 Sep 2023SoldReady
AED 390,000AED 856 per sqft
8 Mar 2020Sold by developerOff-plan
AED 399,000AED 881 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
Studio apartment
Size
455 sqft
Floor
6th of 19
Parking
P3-69
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,100 /yr
Last sold
AED 390K · September 2023
Building
Blue Wave Tower

About 624, Blue Wave Tower

624 is a studio of 455 sqft on the 6th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. It last sold on 19 September 2023 for AED 390,000, or AED 856 per sqft, 7% above the AED 799 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 14 October 2024, is AED 39,600 a year: a gross yield of 10.2% on the 2023 price, before the service charge of about AED 7,100 a year.

Sales and rents for 624 over time

Sales
Unit 624, 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 2020: AED 399,000 (AED 881 per sqft)Sold, September 2023: AED 390,000 (AED 856 per sqft)

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

Rents
Unit 624, 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 42,000New contract, October 2023: AED 39,600 a yearRenewal, October 2024: AED 39,600 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 624 sits

All 326 studios →

624 last sold in September 2023 at AED 856 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. 624's AED 39,600 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 6th floor

All 556 units in Blue Wave Tower
Value
601StudioAED 525K · Jul 2025
602StudioAED 530K · Jul 2026
603StudioAED 437K · Jul 2023
604StudioAED 450K · Feb 2025
605StudioAED 349K · Mar 2020
606StudioAED 349K · Mar 2022
6071-bedNo registered sale
1–7 of 30

624, Blue Wave Tower in numbers

  • Sold twice: first on 8 March 2020 for AED 399,000, last on 19 September 2023 for AED 390,000 (AED 856 per sqft).
  • Rented since October 2023 on 2 Ejari contracts, at AED 39,600 a year.
  • At AED 39,600 a year the gross yield on the 2023 price is 10.2%, before a service charge of about AED 7,100 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 14 October 2024.

Questions about 624, Blue Wave Tower

What did unit 624 last sell for?

AED 390,000 on 19 September 2023: AED 856 per sqft for 455 sqft. The unit has 2 registered sales; the first was AED 399,000 in March 2020.

What is the rent for unit 624?

AED 39,600 a year on the contract renewed on 14 October 2024. The previous contract, from October 2023, was AED 39,600.

How big is unit 624?

455 sqft (42.3 sqm): a studio on the 6th floor of a 19-storey tower completed in 2023.

What is unit 624 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 624, Blue Wave Tower

Starts from the last sale price (AED 390K, 19 September 2023). 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 →