2-bed · 1,341 sqftBluewaters Residences 5, Bluewaters Island · 2nd floor · completed 2019

209, Bluewaters Residences 5

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 5.2M28 February 2023
Current rentAED 330K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 209, Bluewaters Residences 5

What is 209 worth today?

Last sold for AED 5,200,000 in 2023

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1 Sep 2023RentedRenewal
AED 330,000/yr5 months · AED 246 per sqft
28 Feb 2023SoldReady
AED 5,200,000AED 3,876 per sqft
1 Aug 2022RentedNew contract
AED 250,000/yr13 months · AED 186 per sqft
1 Aug 2022RentedNew contract
AED 250,000/yr12 months · AED 186 per sqft
1 Nov 2021RentedRenewal
AED 148,500/yr12 months · AED 110 per sqft
1 Nov 2020RentedRenewal
AED 135,000/yr12 months · AED 100 per sqft
7 Nov 2019Sold by developerReady
AED 3,012,000AED 2,245 per sqft
1 Nov 2019RentedNew contract
AED 142,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
2-bed apartment
Size
1,341 sqft
Floor
2nd of 6
Parking
B741
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 38,900 /yr
Last sold
AED 5.2M · February 2023

About 209, Bluewaters Residences 5

209 is a two-bedroom apartment of 1,341 sqft on the 2nd floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 28 February 2023 for AED 5,200,000, or AED 3,876 per sqft, 7% above the AED 3,638 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 330,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 38,900 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical two-bed in Bluewaters Residences 5
4M6M8M2019202120232025Typical sale price by year: 2019 AED 3,403,000; 2020 AED 2,942,000; 2021 AED 3,337,350; 2022 AED 5,650,000; 2023 AED 6,350,000; 2024 AED 7,350,000Sold by developer, November 2019: AED 3,012,000 (AED 2,245 per sqft)Sold, February 2023: AED 5,200,000 (AED 3,876 per sqft)

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

Rents
Unit 209, each contractTypical two-bed in Bluewaters Residences 5
200K400K2019202120232025Typical rent by year: 2019 AED 170,000; 2020 AED 160,000; 2021 AED 210,000; 2022 AED 250,000; 2023 AED 375,000; 2024 AED 430,000; 2025 AED 420,000New contract, November 2019: AED 142,000 a yearRenewal, November 2020: AED 135,000 a yearRenewal, November 2021: AED 148,500 a yearNew contract, August 2022: AED 250,000 a yearNew contract, August 2022: AED 250,000 a yearRenewal, September 2023: AED 330,000 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 5, and where 209 sits

All 23 2-beds →

209 last sold in February 2023 at AED 3,876 per sqft, 7% above what two-beds in Bluewaters Residences 5 were fetching at the time (AED 3,638). Over the last 12 months two-beds sold for AED 3,875,000 to 7,650,000, around AED 4,339 per sqft, and rent for AED 525,000 to 525,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Feb 20267,650,000
6 Dec 20253,875,000
27 Nov 20246,900,000
13 Nov 2024500,000
2 2-bed sales in the last 12 months

Bluewaters Residences 5

Building

69 apartments, 1-bed to 4-bed over 6 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 3 sold in the last 12 months.

Typical price per sqft
AED 4,667
Typical sale
AED 7.65M
Typical rent
AED 320K /yr
Typical yield
5.9%
Bluewaters Residences 5, Bluewaters Island: prices, sales and rents →

Other units on the 2nd floor

All 69 units in Bluewaters Residences 5
Value
2013-bedAED 7M · Sep 2022
2021-bedAED 3.98M · Jun 2024
2032-bedAED 2.82M · May 2020
2042-bedAED 2.83M · Oct 2019
2052-bedAED 7.65M · Feb 2026
2064-bedAED 12.63M · Aug 2022
2073-bedAED 4.61M · Oct 2019
1–7 of 9

209, Bluewaters Residences 5 in numbers

  • Sold twice: first on 7 November 2019 for AED 3,012,000, last on 28 February 2023 for AED 5,200,000 (AED 3,876 per sqft).
  • Rented since November 2019 on 6 Ejari contracts, from AED 142,000 to AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2023 price is 6.3%, before a service charge of about AED 38,900 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 5 sold for AED 3,875,000–7,650,000 in the 12 months to November 2026; the building's median across all types is AED 4,667 per sqft.

Source: Dubai Land Department. Updated 1 September 2023.

Questions about 209, Bluewaters Residences 5

What did unit 209 last sell for?

AED 5,200,000 on 28 February 2023: AED 3,876 per sqft for 1,341 sqft. The unit has 2 registered sales; the first was AED 3,012,000 in November 2019.

What is the rent for unit 209?

AED 330,000 a year on the contract renewed on 1 September 2023. The previous contract, from August 2022, was AED 250,000; the unit has been rented since November 2019.

How big is unit 209?

1,341 sqft (124.6 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2019.

What is unit 209 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Bluewaters Residences 5 sold for AED 3,875,000 to 7,650,000 in the last 12 months, around AED 4,339 per sqft.

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Mortgage on 209, Bluewaters Residences 5

Starts from the last sale price (AED 5.2M, 28 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

Plus AED 223,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →