Blue Wave in Wadi Al Safa 5 - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Blue Wave

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	36	9,823	349,000

Sales prices for completed properties in Blue Wave

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	91	9,233	840,000

Rents in Blue Wave

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	54	898	48,500
1	88	695	60,833

The cap rate (rental yield) of investments into Blue Wave project is 8.0% on average.

The price of an apartment in Blue Wave is 9,528 AED/sqm on average.

The long term rent of an apartment in Blue Wave is 754 AED/sqm/year on average.

Price for off-plan Studio apartment in Blue Wave is 349,000 AED or 9,823 AED/sqm.

Price for completed 1 bedroom apartment in Blue Wave is 840,000 AED or 9,233 AED/sqm.

Rent for Studio apartment in Blue Wave is 48,500 AED or 898 AED/sqm.
Rent for 1 bedroom apartment in Blue Wave is 60,833 AED or 695 AED/sqm.

About Blue Wave

'Blue Wave' in 'Wadi Al Safa 5' area project description

The Blue Wave project is a major development project in Dubai, United Arab Emirates. It is a mixed-use development that will include residential, commercial, and leisure components. The project is located in the Jumeirah Beach Residence (JBR) area of Dubai and is expected to be completed by 2021.

The Blue Wave project will feature two towers, one of which will be a residential tower and the other a commercial tower. The residential tower will be a 40-story building with over 400 apartments, ranging from one to four bedrooms. The commercial tower will be a 20-story building with office space, retail outlets, and a hotel.

The project will also include a number of amenities, such as a beach club, a spa, a gym, a swimming pool, and a restaurant. The beach club will be located on the beachfront, and will feature a variety of activities such as beach volleyball, beach soccer, and beach yoga. The spa will offer a variety of treatments and services, while the gym will provide a range of fitness classes and equipment. The swimming pool will be located on the rooftop of the residential tower and will feature a bar and lounge area. The restaurant will be located on the ground floor of the commercial tower and will offer a variety of international cuisines.

The Blue Wave project is part of the larger Jumeirah Beach Residence development, which is one of the most popular areas of Dubai. The development is located close to the beach and offers a variety of activities and attractions, such as shopping, dining, and entertainment. The project is expected to be a major draw for tourists and residents alike, and will help to further enhance the reputation of Dubai as a world-class destination.

Q&A on Blue Wave

What are the advantages of 'Blue Wave' project in Dubai for property buyers? What are the disadvantages?

1. Increased affordability: The Blue Wave project in Dubai offers buyers the opportunity to purchase real estate at more affordable prices than the traditional market. This makes it easier for buyers to purchase their dream home without having to break the bank.

2. Flexible payment plans: The Blue Wave project in Dubai also offers buyers flexible payment plans that allow them to pay off their purchase in installments. This makes it easier for buyers to manage their finances and purchase their dream home without having to worry about a large upfront cost.

3. Increased liquidity: The Blue Wave project in Dubai also offers buyers increased liquidity in the market. This means that buyers can more easily buy and sell their properties without having to wait for the traditional market to catch up.

4. Reduced risk: The Blue Wave project in Dubai also reduces the risk of buyers by offering them a more secure and reliable investment option. This reduces the chances of buyers losing their money due to market fluctuations or other factors.

What projects are better than 'Blue Wave' project in Dubai which are located close by, and why?

1. Mudon Community:
- Developer: Dubai Properties
- Features: Offers expansive green spaces, a variety of villas and townhouses with modern amenities, community centers, gyms, schools, and retail options.

2. Villanova Project:
- Developer: Dubai Properties
- Features: Known for Mediterranean-inspired townhouses and villas, features parks, walking trails, community centers, swimming pools, and ample retail options.

3. Arabian Ranches III:
- Developer: Emaar
- Features: Designed with expansive green spaces, sports facilities, a central park, retail options, schools, and healthcare centers. Offers townhouses, villas, and easy access to major highways.

4. Dubailand:
- Developer: Various developers
- Features: A large residential and entertainment community, provides diverse housing options, educational institutions, theme parks, shopping malls, and extensive recreational facilities.

5. Serena Community:
- Developer: Dubai Properties
- Features: Offers affordable townhouses and villas, family-centric amenities, landscaped parks, swimming pools, and proximity to major road networks.

6. The Villa:
- Developer: Dubai Properties
- Features: Features luxurious, Spanish-style courtyard villas, spacious living spaces, lush landscaping, and community facilities such as schools and retail clusters.