2-bed · 1,711 sqftBluewaters Residences 1, Bluewaters Island · 2nd floor · completed 2019

203, Bluewaters Residences 1

Sold prices and rental history: sold 3 times, last in November 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 6.8M15 November 2024
Current rentAED 400K /yr21 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Bluewaters Residences 1

What is 203 worth today?

Last sold for AED 6,800,000 in 2024

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15 Nov 2024SoldReady
AED 6,800,000AED 3,973 per sqft
22 Jul 2024SoldReady
AED 3,600,000AED 2,103 per sqft
21 May 2024RentedNew contract
AED 400,000/yr12 months · AED 234 per sqft
10 Dec 2021RentedNew contract
AED 260,000/yr12 months · AED 152 per sqft
10 Dec 2019Sold by developerReady
AED 3,561,000AED 2,080 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
1,711 sqft
Floor
2nd of 6
Parking
G159
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 49,600 /yr
Last sold
AED 6.8M · November 2024

About 203, Bluewaters Residences 1

203 is a two-bedroom apartment of 1,711 sqft on the 2nd floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 15 November 2024 for AED 6,800,000, or AED 3,973 per sqft, 6% below the AED 4,226 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 21 May 2024, is AED 400,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 49,600 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Bluewaters Residences 1
2.5M5M7.5M2019202120232025Typical sale price by year: 2019 AED 3,575,000; 2021 AED 3,057,500; 2022 AED 5,800,000; 2023 AED 7,900,000; 2024 AED 7,232,500Sold by developer, December 2019: AED 3,561,000 (AED 2,080 per sqft)Sold, July 2024: AED 3,600,000 (AED 2,103 per sqft)Sold, November 2024: AED 6,800,000 (AED 3,973 per sqft)

203 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 203, each contractTypical two-bed in Bluewaters Residences 1
300K400K202120232025Typical rent by year: 2021 AED 245,000; 2022 AED 245,000; 2025 AED 380,000New contract, December 2021: AED 260,000 a yearNew contract, May 2024: AED 400,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Bluewaters Residences 1, and where 203 sits

All 14 2-beds →

203 last sold in November 2024 at AED 3,973 per sqft, 6% below what two-beds in Bluewaters Residences 1 were fetching at the time (AED 4,226).

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20256,050,000
20 Jun 20248,900,000
11 Jun 20247,665,000
26 Sep 20237,900,000
0 2-bed sales in the last 12 months

Bluewaters Residences 1

Building

41 apartments, 1-bed to 4-bed over 6 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 463K /yr
Typical yield
Bluewaters Residences 1, Bluewaters Island: prices, sales and rents →

Other units on the 2nd floor

All 41 units in Bluewaters Residences 1
Value
2012-bedAED 5.8M · Sep 2022
2021-bedAED 2.3M · Nov 2018
2044-bedAED 5.75M · Apr 2019
205AED 13.7M · Nov 2025
2064-bedAED 12M · May 2022

203, Bluewaters Residences 1 in numbers

  • Sold 3 times: first on 10 December 2019 for AED 3,561,000, last on 15 November 2024 for AED 6,800,000 (AED 3,973 per sqft).
  • Rented since December 2021 on 2 Ejari contracts, from AED 260,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 49,600 a year (AED 28.99 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.

Questions about 203, Bluewaters Residences 1

What did unit 203 last sell for?

AED 6,800,000 on 15 November 2024: AED 3,973 per sqft for 1,711 sqft. The unit has 3 registered sales; the first was AED 3,561,000 in December 2019.

What is the rent for unit 203?

AED 400,000 a year on the contract signed on 21 May 2024. The previous contract, from December 2021, was AED 260,000.

How big is unit 203?

1,711 sqft (159.0 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2019.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 203, Bluewaters Residences 1

Starts from the last sale price (AED 6.8M, 15 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,800,000
Deposit, UAE resident (20%)
AED 1,360,000
Deposit, non-resident (40%)
AED 2,720,000
Monthly over 25 years at 3.7%
AED 27,821

Plus AED 290,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →