2-bed · 1,768 sqftBluewaters Residences 1, Bluewaters Island · 5th floor · completed 2019

501, Bluewaters Residences 1

Sold prices and rental history: sold twice, last in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 26 October 2022
Last soldAED 7.5M26 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Bluewaters Residences 1

What is 501 worth today?

Last sold for AED 7,500,000 in 2022

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26 Oct 2022SoldReady
AED 7,500,000AED 4,243 per sqft
8 Oct 2018Sold by developerOff-plan
AED 3,994,000AED 2,259 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2022.

Key facts

Type
2-bed apartment
Size
1,768 sqft
Floor
5th of 6
Parking
B386
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 51,200 /yr
Last sold
AED 7.5M · October 2022

About 501, Bluewaters Residences 1

501 is a two-bedroom apartment of 1,768 sqft on the 5th floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 26 October 2022 for AED 7,500,000, or AED 4,243 per sqft, 29% above the AED 3,286 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Bluewaters Residences 1
2.5M5M7.5M2018202020222024Typical 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, October 2018: AED 3,994,000 (AED 2,259 per sqft)Sold, October 2022: AED 7,500,000 (AED 4,243 per sqft)

501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 501, each contractTypical two-bed in Bluewaters Residences 1
300K400K202120232025Typical rent by year: 2021 AED 245,000; 2022 AED 245,000; 2025 AED 380,000

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 501 sits

All 14 2-beds →

501 last sold in October 2022 at AED 4,243 per sqft, 29% above what two-beds in Bluewaters Residences 1 were fetching at the time (AED 3,286).

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20256,050,000
15 Nov 20246,800,000
22 Jul 20243,600,000
20 Jun 20248,900,000
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 5th floor

All 41 units in Bluewaters Residences 1
Value
5022-bedAED 6.05M · May 2025
503AED 3.58M · Aug 2019
5044-bedAED 10.95M · Apr 2022
5053-bedAED 4.94M · Sep 2018
5064-bedAED 17.5M · Feb 2023

501, Bluewaters Residences 1 in numbers

  • Sold twice: first on 8 October 2018 for AED 3,994,000, last on 26 October 2022 for AED 7,500,000 (AED 4,243 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2022.

Questions about 501, Bluewaters Residences 1

What did unit 501 last sell for?

AED 7,500,000 on 26 October 2022: AED 4,243 per sqft for 1,768 sqft. The unit has 2 registered sales; the first was AED 3,994,000 in October 2018.

How big is unit 501?

1,768 sqft (164.3 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2019.

What is unit 501 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 501, Bluewaters Residences 1

Starts from the last sale price (AED 7.5M, 26 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,500,000
Deposit, UAE resident (20%)
AED 1,500,000
Deposit, non-resident (40%)
AED 3,000,000
Monthly over 25 years at 3.7%
AED 30,685

Plus AED 320,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →