1-bed · 1,138 sqftBluewaters Residences 3, Bluewaters Island · 5th floor · completed 2019

504, Bluewaters Residences 3

Sold prices and rental history: sold twice, last in March 2023, and rented once, from June 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 22 March 2023
Last soldAED 5.3M22 March 2023
Current rentAED 120K /yr7 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Bluewaters Residences 3

What is 504 worth today?

Last sold for AED 5,300,000 in 2023

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22 Mar 2023SoldReady
AED 5,300,000AED 4,658 per sqft
7 Jun 2020RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
14 Dec 2017Sold by developerOff-plan
AED 2,408,000AED 2,116 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 March 2023.

Key facts

Type
1-bed apartment
Size
1,138 sqft
Floor
5th of 8
Parking
B260
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 33,000 /yr
Last sold
AED 5.3M · March 2023

About 504, Bluewaters Residences 3

504 is a one-bedroom apartment of 1,138 sqft on the 5th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 22 March 2023 for AED 5,300,000, or AED 4,658 per sqft, 27% above the AED 3,665 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 June 2020. The current contract, signed on 7 June 2020, is AED 120,000 a year: a gross yield of 2.3% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Bluewaters Residences 3
2M4M2017201920212023Typical sale price by year: 2017 AED 2,554,500; 2018 AED 2,419,000; 2022 AED 3,643,000; 2023 AED 4,975,000Sold by developer, December 2017: AED 2,408,000 (AED 2,116 per sqft)Sold, March 2023: AED 5,300,000 (AED 4,658 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Bluewaters Residences 3
100K200K300K2019202120232025Typical rent by year: 2019 AED 132,500; 2020 AED 135,000; 2021 AED 139,500; 2022 AED 200,000; 2023 AED 273,806; 2024 AED 300,000; 2025 AED 325,000New contract, June 2020: AED 120,000 a year

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

1-beds in Bluewaters Residences 3, and where 504 sits

All 26 1-beds →

504 last sold in March 2023 at AED 4,658 per sqft, 27% above what one-beds in Bluewaters Residences 3 were fetching at the time (AED 3,665). Over the last 12 months one-beds sold for AED 5,825,000 to 5,980,000, around AED 5,242 per sqft, and rent for AED 274,659 to 400,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20265,825,000
8 Jan 20265,980,000
19 Apr 20245,875,000
17 Jan 20245,300,000
2 1-bed sales in the last 12 months

Bluewaters Residences 3

Building

91 apartments, 1-bed to 4-bed over 8 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 9 sold in the last 12 months.

Typical price per sqft
AED 6,811
Typical sale
AED 12.15M
Typical rent
AED 453K /yr
Typical yield
4.3%
Bluewaters Residences 3, Bluewaters Island: prices, sales and rents →

Other units on the 5th floor

All 91 units in Bluewaters Residences 3
Value
5013-bedAED 12.69M · Nov 2023
5021-bedAED 5.05M · May 2023
5031-bedAED 5.88M · Apr 2024
5051-bedAED 2.4M · Jul 2018
5062-bedAED 3.54M · Jun 2018
5074-bedAED 12.3M · Jul 2022
5083-bedAED 4.54M · Feb 2018
1–7 of 10

504, Bluewaters Residences 3 in numbers

  • Sold twice: first on 14 December 2017 for AED 2,408,000, last on 22 March 2023 for AED 5,300,000 (AED 4,658 per sqft).
  • Rented since June 2020 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 2.3%, before a service charge of about AED 33,000 a year (AED 28.99 per sqft).
  • One-beds in Bluewaters Residences 3 sold for AED 5,825,000–5,980,000 in the 12 months to November 2026; the building's median across all types is AED 6,811 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 March 2023.

Questions about 504, Bluewaters Residences 3

What did unit 504 last sell for?

AED 5,300,000 on 22 March 2023: AED 4,658 per sqft for 1,138 sqft. The unit has 2 registered sales; the first was AED 2,408,000 in December 2017.

What is the rent for unit 504?

AED 120,000 a year on the contract signed on 7 June 2020.

How big is unit 504?

1,138 sqft (105.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2019.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bluewaters Residences 3 sold for AED 5,825,000 to 5,980,000 in the last 12 months, around AED 5,242 per sqft.

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Mortgage on 504, Bluewaters Residences 3

Starts from the last sale price (AED 5.3M, 22 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,300,000
Deposit, UAE resident (20%)
AED 1,060,000
Deposit, non-resident (40%)
AED 2,120,000
Monthly over 25 years at 3.7%
AED 21,684

Plus AED 227,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →