2-bed · 1,659 sqftBluewaters Residences 6, Bluewaters Island · 4th floor · completed 2019

406, Bluewaters Residences 6

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 13 September 2024
Last soldAED 6.5M13 September 2024
Current rentAED 400K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Bluewaters Residences 6

What is 406 worth today?

Last sold for AED 6,500,000 in 2024

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13 Sep 2024SoldReady
AED 6,500,000AED 3,917 per sqft
1 Feb 2024RentedNew contract
AED 400,000/yr12 months · AED 241 per sqft
1 Aug 2023RentedRenewal
AED 300,000/yr12 months · AED 181 per sqft
1 Aug 2022RentedNew contract
AED 280,000/yr12 months · AED 169 per sqft
1 Jul 2021RentedRenewal
AED 155,000/yr12 months · AED 94 per sqft
1 Jul 2019RentedNew contract
AED 155,000/yr12 months · AED 94 per sqft
15 May 2019Sold by developerReady
AED 3,267,050AED 1,968 per sqft

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

Key facts

Type
2-bed apartment
Size
1,659 sqft
Floor
4th of 13
Parking
B671
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 48,100 /yr
Last sold
AED 6.5M · September 2024

About 406, Bluewaters Residences 6

406 is a two-bedroom apartment of 1,659 sqft on the 4th floor of Bluewaters Residences 6, a 13-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 13 September 2024 for AED 6,500,000, or AED 3,917 per sqft, 15% below the AED 4,606 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 February 2024, is AED 400,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 48,100 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Bluewaters Residences 6
5M10M2017202020232026Typical sale price by year: 2017 AED 3,749,000; 2018 AED 3,614,000; 2019 AED 3,543,000; 2022 AED 5,000,000; 2023 AED 7,600,000; 2024 AED 8,875,000; 2025 AED 9,075,000Sold by developer, May 2019: AED 3,267,050 (AED 1,968 per sqft)Sold, September 2024: AED 6,500,000 (AED 3,917 per sqft)

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

Rents
Unit 406, each contractTypical two-bed in Bluewaters Residences 6
200K400K2019202120232025Typical rent by year: 2019 AED 185,000; 2020 AED 175,000; 2021 AED 186,000; 2022 AED 275,000; 2023 AED 450,000; 2024 AED 435,000; 2025 AED 422,000New contract, July 2019: AED 155,000 a yearRenewal, July 2021: AED 155,000 a yearNew contract, August 2022: AED 280,000 a yearRenewal, August 2023: AED 300,000 a yearNew contract, February 2024: AED 400,000 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 6, and where 406 sits

All 23 2-beds →

406 last sold in September 2024 at AED 3,917 per sqft, 15% below what two-beds in Bluewaters Residences 6 were fetching at the time (AED 4,606). Over the last 12 months two-beds sold for AED 988,718 to 11,100,000, around AED 5,784 per sqft, and rent for AED 420,000 to 650,000 a year. 406's AED 400,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20269,500,000
5 Feb 202611,100,000
24 Dec 20259,400,000
24 Dec 2025988,718
4 2-bed sales in the last 12 months

Bluewaters Residences 6

Building

67 apartments, 1-bed to 5-bed over 13 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 5 sold in the last 12 months.

Typical price per sqft
AED 5,843
Typical sale
AED 9.5M
Typical rent
AED 422K /yr
Typical yield
4.8%
Bluewaters Residences 6, Bluewaters Island: prices, sales and rents →

Other units on the 4th floor

All 67 units in Bluewaters Residences 6
Value
4013-bedAED 4.69M · Aug 2018
4022-bedAED 8.8M · May 2023
4033-bedAED 4.68M · Apr 2019
4043-bedAED 4.13M · Nov 2019
4051-bedAED 6.5M · Apr 2024

406, Bluewaters Residences 6 in numbers

  • Sold twice: first on 15 May 2019 for AED 3,267,050, last on 13 September 2024 for AED 6,500,000 (AED 3,917 per sqft).
  • Rented since July 2019 on 5 Ejari contracts, from AED 155,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 48,100 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 6 sold for AED 988,718–11,100,000 in the 12 months to November 2026; the building's median across all types is AED 5,843 per sqft.

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

Questions about 406, Bluewaters Residences 6

What did unit 406 last sell for?

AED 6,500,000 on 13 September 2024: AED 3,917 per sqft for 1,659 sqft. The unit has 2 registered sales; the first was AED 3,267,050 in May 2019.

What is the rent for unit 406?

AED 400,000 a year on the contract signed on 1 February 2024. The previous contract, from August 2023, was AED 300,000; the unit has been rented since July 2019.

How big is unit 406?

1,659 sqft (154.1 sqm): a two-bedroom apartment on the 4th floor of a 13-storey tower completed in 2019.

What is unit 406 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 6 sold for AED 988,718 to 11,100,000 in the last 12 months, around AED 5,784 per sqft.

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Mortgage on 406, Bluewaters Residences 6

Starts from the last sale price (AED 6.5M, 13 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

Plus AED 278,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →