2-bed · 145 sqftBluewaters Residences 5, Bluewaters Island · 6th floor · completed 2019

610, Bluewaters Residences 5

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 610 · DLD and Ejari recordsUpdated 13 November 2024
Last soldAED 500K13 November 2024
Current rentAED 470K /yr17 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 610, Bluewaters Residences 5

What is 610 worth today?

Last sold for AED 500,000 in 2024

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13 Nov 2024SoldReady
AED 500,000AED 3,453 per sqft
17 Oct 2024RentedRenewal
AED 470,000/yr12 months · AED 323 per sqft
3 Jun 2024SoldReady
AED 7,800,000AED 5,385 per sqft
17 Oct 2023RentedRenewal
AED 470,000/yr12 months · AED 323 per sqft
10 Oct 2021RentedNew contract
AED 250,000/yr12 months · AED 172 per sqft
1 Aug 2020RentedNew contract
AED 160,000/yr13 months · AED 110 per sqft
9 Oct 2019Sold by developerReady
AED 3,379,000AED 2,333 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 November 2024.

Key facts

Type
2-bed apartment
Size
145 sqft
Floor
6th of 6
Parking
G294
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 4,200 /yr
Last sold
AED 500K · November 2024

About 610, Bluewaters Residences 5

610 is a two-bedroom apartment of 145 sqft on the 6th floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 13 November 2024 for AED 500,000, or AED 3,453 per sqft, 25% below the AED 4,631 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 17 October 2024, is AED 470,000 a year: a gross yield of 94.0% on the 2024 price, before the service charge of about AED 4,200 a year.

Sales and rents for 610 over time

Sales
Unit 610, each saleTypical two-bed in Bluewaters Residences 5
05M2019202120232025Typical 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, October 2019: AED 3,379,000 (AED 2,333 per sqft)Sold, June 2024: AED 7,800,000 (AED 5,385 per sqft)Sold, November 2024: AED 500,000 (AED 3,453 per sqft)

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

Rents
Unit 610, 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, August 2020: AED 160,000 a yearNew contract, October 2021: AED 250,000 a yearRenewal, October 2023: AED 470,000 a yearRenewal, October 2024: AED 470,000 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 610 sits

All 23 2-beds →

610 last sold in November 2024 at AED 3,453 per sqft, 25% below what two-beds in Bluewaters Residences 5 were fetching at the time (AED 4,631). 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
6 Jun 20249,700,000
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 6th floor

All 69 units in Bluewaters Residences 5
Value
6013-bedAED 8.85M · Nov 2022
6021-bedAED 3M · Sep 2022
6031-bedAED 5M · Dec 2023
6041-bedAED 2.36M · Nov 2021
6051-bedAED 3.5M · Jul 2022
6062-bedAED 3.71M · Nov 2019
6074-bedAED 22.9M · Jun 2024
1–7 of 10

610, Bluewaters Residences 5 in numbers

  • Sold 3 times: first on 9 October 2019 for AED 3,379,000, last on 13 November 2024 for AED 500,000 (AED 3,453 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 160,000 to AED 470,000 a year.
  • At AED 470,000 a year the gross yield on the 2024 price is 94.0%, before a service charge of about AED 4,200 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: YallaValue analysis of Dubai Land Department records. Updated 13 November 2024.

Questions about 610, Bluewaters Residences 5

What did unit 610 last sell for?

AED 500,000 on 13 November 2024: AED 3,453 per sqft for 145 sqft. The unit has 3 registered sales; the first was AED 3,379,000 in October 2019.

What is the rent for unit 610?

AED 470,000 a year on the contract renewed on 17 October 2024. The previous contract, from October 2023, was AED 470,000; the unit has been rented since August 2020.

How big is unit 610?

145 sqft (13.5 sqm): a two-bedroom apartment on the 6th floor of a 6-storey tower completed in 2019.

What is unit 610 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 610, Bluewaters Residences 5

Starts from the last sale price (AED 500K, 13 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →