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Studio · 375 sqftBlue Wave Tower, Dubailand Residence Complex · 7th floor · completed 2023

721, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in January 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 721 · DLD and Ejari recordsUpdated 5 November 2025
Last soldAED 349K29 January 2020
Current rentAED 37K /yr5 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 721, Blue Wave Tower

What is 721 worth today?

Last sold for AED 349,000 in 2020

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5 Nov 2025RentedNew contract
AED 36,750/yr12 months · AED 95 per sqft
17 Oct 2024RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
29 Jan 2020Sold by developerOff-plan
AED 349,000AED 929 per sqft

Source: Dubai Land Department. Updated 5 November 2025.

Key facts

Type
Studio apartment
Size
375 sqft
Floor
7th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 5,800 /yr
Last sold
AED 349K · January 2020
Building
Blue Wave Tower

About 721, Blue Wave Tower

721 is a studio of 375 sqft on the 7th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 29 January 2020 for AED 349,000, or AED 929 per sqft, in line with the AED 919 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 5 November 2025, is AED 36,750 a year: a gross yield of 10.5% on the 2020 price, before the service charge of about AED 5,800 a year.

Sales and rents for 721 over time

Sales
Unit 721, 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, January 2020: AED 349,000 (AED 929 per sqft)

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

Rents
Unit 721, 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 2024: AED 35,000 a yearNew contract, November 2025: AED 36,750 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 721 sits

All 326 studios →

721 last sold in January 2020 at AED 929 per sqft, in line with what studios in Blue Wave Tower were fetching at the time (AED 919). 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. 721's AED 36,750 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 7th floor

All 556 units in Blue Wave Tower
Value
701StudioAED 436K · Apr 2023
702StudioAED 530K · May 2026
704StudioAED 434K · Aug 2021
705StudioAED 349K · Dec 2019
706StudioAED 349K · Dec 2020
7071-bedNo registered sale
7081-bedNo registered sale
1–7 of 29

721, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 29 January 2020 for AED 349,000, or AED 929 per sqft.
  • Rented since October 2024 on 2 Ejari contracts, from AED 35,000 to AED 36,750 a year.
  • At AED 36,750 a year the gross yield on the 2020 price is 10.5%, before a service charge of about AED 5,800 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 5 November 2025.

Questions about 721, Blue Wave Tower

What did unit 721 last sell for?

AED 349,000 on 29 January 2020, sold by the developer: AED 929 per sqft for 375 sqft. It is the only registered sale of the unit.

What is the rent for unit 721?

AED 36,750 a year on the contract signed on 5 November 2025. The previous contract, from October 2024, was AED 35,000.

How big is unit 721?

375 sqft (34.8 sqm): a studio on the 7th floor of a 19-storey tower completed in 2023.

What is unit 721 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 721, Blue Wave Tower

Starts from the last sale price (AED 349K, 29 January 2020). 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 →