1-bed · 1,307 sqftBluewaters Residences 3, Bluewaters Island · 6th floor · completed 2019

602, Bluewaters Residences 3

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 10 February 2024
Last soldAED 2.65M29 August 2017
Current rentAED 330K /yr10 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Bluewaters Residences 3

What is 602 worth today?

Last sold for AED 2,646,000 in 2017

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10 Feb 2024RentedRenewal
AED 330,000/yr12 months · AED 253 per sqft
10 Feb 2023RentedNew contract
AED 270,000/yr12 months · AED 207 per sqft
10 Feb 2022RentedNew contract
AED 190,000/yr12 months · AED 145 per sqft
1 Jan 2021RentedNew contract
AED 130,000/yr12 months · AED 99 per sqft
1 Nov 2019RentedNew contract
AED 130,000/yr12 months · AED 100 per sqft
29 Aug 2017Sold by developerOff-plan
AED 2,646,000AED 2,024 per sqft

Source: Dubai Land Department. Updated 10 February 2024.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
6th of 8
Parking
G219
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 37,900 /yr
Last sold
AED 2.65M · August 2017

About 602, Bluewaters Residences 3

602 is a one-bedroom apartment of 1,307 sqft on the 6th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 29 August 2017 for AED 2,646,000, or AED 2,024 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 10 February 2024, is AED 330,000 a year: a gross yield of 12.5% on the 2017 price, before the service charge of about AED 37,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, August 2017: AED 2,646,000 (AED 2,024 per sqft)

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

Rents
Unit 602, 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, November 2019: AED 130,000 a yearNew contract, January 2021: AED 130,000 a yearNew contract, February 2022: AED 190,000 a yearNew contract, February 2023: AED 270,000 a yearRenewal, February 2024: AED 330,000 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 602 sits

All 26 1-beds →

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 6th floor

All 91 units in Bluewaters Residences 3
Value
6013-bedAED 4.91M · Oct 2019
6031-bedAED 2.63M · Jan 2018
6041-bedAED 2.43M · Dec 2017
6051-bedAED 5.83M · Jan 2026
6062-bedAED 3.35M · Dec 2019
6074-bedAED 16M · Nov 2022
6083-bedAED 6.25M · Feb 2022
1–7 of 10

602, Bluewaters Residences 3 in numbers

  • Sold once: by Blue Waters Residential on 29 August 2017 for AED 2,646,000, or AED 2,024 per sqft.
  • Rented since November 2019 on 5 Ejari contracts, from AED 130,000 to AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2017 price is 12.5%, before a service charge of about AED 37,900 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: Dubai Land Department. Updated 10 February 2024.

Questions about 602, Bluewaters Residences 3

What did unit 602 last sell for?

AED 2,646,000 on 29 August 2017, sold by the developer: AED 2,024 per sqft for 1,307 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 330,000 a year on the contract renewed on 10 February 2024. The previous contract, from February 2023, was AED 270,000; the unit has been rented since November 2019.

How big is unit 602?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2019.

What is unit 602 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 602, Bluewaters Residences 3

Starts from the last sale price (AED 2.65M, 29 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,646,000
Deposit, UAE resident (20%)
AED 529,200
Deposit, non-resident (40%)
AED 1,058,400
Monthly over 25 years at 3.7%
AED 10,826

Plus AED 116,142 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →