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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Wadi Al Safa 5 · August 2026

Blue Wave

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B1560-202608

Key takeaways

  • Median price for apartments: AED 592,500 (AED 10,422 per sqm), down 1.3% year on year.
  • Per sqm, apartments here are 32% below the Wadi Al Safa 5 average of AED 15,411 (sales-weighted across areas).
  • 2 sales recorded in August 2026, down 60% from a year earlier.
  • New rental contracts at a median AED 44,000 per year, an estimated 7.4% gross yield.

1.Apartments2 sales · August 2026

Median sale priceAED 592,500+19.7%vs last year
Median price / sqmAED 10,422-1.3%vs last year32% below the Wadi Al Safa 5 average
Sales recorded2-60.0%vs last year
Median annual rentAED 44,000+2.3%new contracts
Gross yield7.4%rent ÷ price
Off-plan share of sales0%0 of 2
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 2 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

11K11K9.6K8Sep 24May 25Jan 26Aug 26
Sep 24 · 10K /sqmAug 26 · 10K /sqm · 2 sales

Median annual rent and new contracts · 24 months

60K53K45K7Sep 24May 25Jan 26Aug 26
Sep 24 · 43K /yrAug 26 · 44K /yr · 1 new contracts

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20262AED 592,500AED 10,422AED 44,0007.4%
July 20261AED 530,000AED 9,741AED 42,0007.9%
June 20263AED 415,000AED 10,455AED 38,0009.2%
May 20266AED 522,500AED 9,717AED 41,5007.9%
April 20264AED 477,500AED 10,314——
March 20262AED 675,000AED 10,283——

2.Recent saleslast 15 registered in Blue Wave

DateUnitSize sqmPriceAED / sqmStatus
25 Aug 20261 bedroom61AED 730,000AED 11,946Ready
4 Aug 2026Studio51AED 455,000AED 8,899Ready
3 Jul 2026Studio54AED 530,000AED 9,741Ready
25 Jun 20261 bedroom79AED 825,000AED 10,455Ready
17 Jun 2026Studio36AED 415,000AED 11,680Ready
1 Jun 2026Studio36AED 307,704AED 8,660Ready
21 May 2026Studio54AED 530,000AED 9,741Ready
19 May 2026Studio55AED 525,000AED 9,544Ready
18 May 2026Studio54AED 520,000AED 9,716Ready
18 May 2026Studio42AED 440,000AED 10,402Ready
18 May 2026Studio54AED 520,000AED 9,557Ready
18 May 2026Studio55AED 535,000AED 9,718Ready
30 Apr 2026Studio54AED 530,000AED 9,894Ready
29 Apr 20261 bedroom78AED 780,000AED 10,013Ready
27 Apr 2026Studio35AED 372,375AED 10,615Ready

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Blue Wave over the last two years. It stays in the link and the PDF.

3.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology