2-bed · 1,607 sqftBluewaters Residences 7, Bluewaters Island · 3rd floor · completed 2019

302, Bluewaters Residences 7

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

Unit 302 · DLD and Ejari recordsUpdated 13 February 2024
Last soldAED 7.95M13 February 2024
Current rentAED 360K /yr18 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Bluewaters Residences 7

What is 302 worth today?

Last sold for AED 7,950,000 in 2024

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13 Feb 2024SoldReady
AED 7,950,000AED 4,946 per sqft
18 Aug 2022RentedNew contract
AED 360,000/yr12 months · AED 224 per sqft
1 Jul 2021RentedRenewal
AED 173,250/yr12 months · AED 108 per sqft
1 Jul 2020RentedNew contract
AED 165,000/yr12 months · AED 103 per sqft
17 Feb 2019Sold by developerOff-plan
AED 3,648,000AED 2,269 per sqft

Source: Dubai Land Department. Updated 13 February 2024.

Key facts

Type
2-bed apartment
Size
1,607 sqft
Floor
3rd of 15
Parking
B696
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 46,600 /yr
Last sold
AED 7.95M · February 2024

About 302, Bluewaters Residences 7

302 is a two-bedroom apartment of 1,607 sqft on the 3rd floor of Bluewaters Residences 7, a 15-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 13 February 2024 for AED 7,950,000, or AED 4,946 per sqft, 11% above the AED 4,461 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 18 August 2022, is AED 360,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 46,600 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Bluewaters Residences 7
5M7.5M2018202020222024Typical sale price by year: 2018 AED 3,562,500; 2019 AED 3,638,500; 2021 AED 3,700,000; 2022 AED 7,000,000; 2023 AED 7,100,000; 2024 AED 9,000,000Sold by developer, February 2019: AED 3,648,000 (AED 2,269 per sqft)Sold, February 2024: AED 7,950,000 (AED 4,946 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Bluewaters Residences 7
200K400K2019202120232025Typical rent by year: 2019 AED 187,500; 2020 AED 180,000; 2021 AED 290,000; 2022 AED 330,000; 2023 AED 500,000; 2024 AED 450,000; 2025 AED 390,000New contract, July 2020: AED 165,000 a yearRenewal, July 2021: AED 173,250 a yearNew contract, August 2022: AED 360,000 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 7, and where 302 sits

All 25 2-beds →

302 last sold in February 2024 at AED 4,946 per sqft, 11% above what two-beds in Bluewaters Residences 7 were fetching at the time (AED 4,461). Over the last 12 months two-beds sold for AED 8,900,000 to 9,320,000, around AED 5,562 per sqft, and rent for AED 410,000 to 475,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Feb 20268,900,000
25 Feb 20259,300,000
27 Nov 20249,050,000
8 May 2024375,000
2 2-bed sales in the last 12 months

Bluewaters Residences 7

Building

77 apartments, 1-bed to 5-bed over 15 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 5 sold in the last 12 months.

Typical price per sqft
AED 5,329
Typical sale
AED 8.9M
Typical rent
AED 496K /yr
Typical yield
5.1%
Bluewaters Residences 7, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 77 units in Bluewaters Residences 7
Value
3013-bedAED 8.6M · Apr 2023
3033-bedAED 4.57M · Oct 2019
3043-bedAED 6.05M · Sep 2022
3062-bedAED 3.33M · Apr 2019

302, Bluewaters Residences 7 in numbers

  • Sold twice: first on 17 February 2019 for AED 3,648,000, last on 13 February 2024 for AED 7,950,000 (AED 4,946 per sqft).
  • Rented since July 2020 on 3 Ejari contracts, from AED 165,000 to AED 360,000 a year.
  • At AED 360,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 46,600 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 7 sold for AED 8,900,000–9,320,000 in the 12 months to November 2026; the building's median across all types is AED 5,329 per sqft.

Source: Dubai Land Department. Updated 13 February 2024.

Questions about 302, Bluewaters Residences 7

What did unit 302 last sell for?

AED 7,950,000 on 13 February 2024: AED 4,946 per sqft for 1,607 sqft. The unit has 2 registered sales; the first was AED 3,648,000 in February 2019.

What is the rent for unit 302?

AED 360,000 a year on the contract signed on 18 August 2022. The previous contract, from July 2021, was AED 173,250; the unit has been rented since July 2020.

How big is unit 302?

1,607 sqft (149.3 sqm): a two-bedroom apartment on the 3rd floor of a 15-storey tower completed in 2019.

What is unit 302 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 7 sold for AED 8,900,000 to 9,320,000 in the last 12 months, around AED 5,562 per sqft.

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Mortgage on 302, Bluewaters Residences 7

Starts from the last sale price (AED 7.95M, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 7,950,000
Deposit, UAE resident (20%)
AED 1,590,000
Deposit, non-resident (40%)
AED 3,180,000
Monthly over 25 years at 3.7%
AED 32,526

Plus AED 338,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →