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Studio · 453 sqftBlue Wave Tower, Dubailand Residence Complex · 7th floor · completed 2023

724, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 724 · DLD and Ejari recordsUpdated 18 September 2026
Last soldAED 399K11 February 2020
Current rentAED 50K /yr18 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 724, Blue Wave Tower

What is 724 worth today?

Last sold for AED 399,000 in 2020

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18 Sep 2026RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
5 Sep 2025RentedNew contract
AED 50,000/yr12 months · AED 110 per sqft
11 Feb 2020Sold by developerOff-plan
AED 399,000AED 881 per sqft

Source: Dubai Land Department. Updated 18 September 2026.

Key facts

Type
Studio apartment
Size
453 sqft
Floor
7th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 7,000 /yr
Last sold
AED 399K · February 2020
Building
Blue Wave Tower

About 724, Blue Wave Tower

724 is a studio of 453 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 11 February 2020 for AED 399,000, or AED 881 per sqft, in line with the AED 885 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 18 September 2026, is AED 50,000 a year: a gross yield of 12.5% on the 2020 price, before the service charge of about AED 7,000 a year.

Sales and rents for 724 over time

Sales
Unit 724, 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, February 2020: AED 399,000 (AED 881 per sqft)

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

Rents
Unit 724, each contractTypical studio in Blue Wave Tower
40K50K202320252027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, September 2025: AED 50,000 a yearNew contract, September 2026: AED 50,000 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 724 sits

All 326 studios →

724 last sold in February 2020 at AED 881 per sqft, in line with what studios in Blue Wave Tower were fetching at the time (AED 885). 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. 724's AED 50,000 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 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

724, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 11 February 2020 for AED 399,000, or AED 881 per sqft.
  • Rented since September 2025 on 2 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2020 price is 12.5%, before a service charge of about AED 7,000 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 18 September 2026.

Questions about 724, Blue Wave Tower

What did unit 724 last sell for?

AED 399,000 on 11 February 2020, sold by the developer: AED 881 per sqft for 453 sqft. It is the only registered sale of the unit.

What is the rent for unit 724?

AED 50,000 a year on the contract signed on 18 September 2026. The previous contract, from September 2025, was AED 50,000.

How big is unit 724?

453 sqft (42.1 sqm): a studio on the 7th floor of a 19-storey tower completed in 2023.

What is unit 724 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 724, Blue Wave Tower

Starts from the last sale price (AED 399K, 11 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 399,000
Deposit, UAE resident (20%)
AED 79,800
Deposit, non-resident (40%)
AED 159,600
Monthly over 25 years at 3.7%
AED 1,632

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