2-bed · 1,479 sqftBluewaters Residences 1, Bluewaters Island · 3rd floor · completed 2019

302, Bluewaters Residences 1

Sold prices and rental history: sold 3 times, last in September 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 15 January 2026
Last soldAED 6.1M19 September 2022
Current rentAED 425K /yr15 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Bluewaters Residences 1

What is 302 worth today?

Last sold for AED 6,100,000 in 2022

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15 Jan 2026RentedNew contract
AED 425,000/yr12 months · AED 287 per sqft
15 Jan 2026RentedNew contract · flagged as an outlier
AED 425,000/yr12 months · AED 287 per sqft
11 Oct 2022RentedNew contract
AED 380,000/yr12 months · AED 258 per sqft
19 Sep 2022SoldReady
AED 6,100,000AED 4,123 per sqft
16 Jun 2022SoldReady
AED 4,000,000AED 2,703 per sqft
19 Apr 2021Sold by developerReady
AED 3,044,000AED 2,057 per sqft

Source: Dubai Land Department. Updated 15 January 2026.

Key facts

Type
2-bed apartment
Size
1,479 sqft
Floor
3rd of 6
Parking
B408
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 42,900 /yr
Last sold
AED 6.1M · September 2022

About 302, Bluewaters Residences 1

302 is a two-bedroom apartment of 1,479 sqft on the 3rd floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 19 September 2022 for AED 6,100,000, or AED 4,123 per sqft, 53% above the AED 2,703 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 January 2026, is AED 425,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 42,900 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Bluewaters Residences 1
2.5M5M7.5M2019202120232025Typical sale price by year: 2019 AED 3,578,500; 2021 AED 3,057,500; 2022 AED 5,800,000; 2023 AED 7,900,000; 2024 AED 6,800,000Sold by developer, April 2021: AED 3,044,000 (AED 2,057 per sqft)Sold, June 2022: AED 4,000,000 (AED 2,703 per sqft)Sold, September 2022: AED 6,100,000 (AED 4,123 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Bluewaters Residences 1
200K400K2021202320252027Typical rent by year: 2021 AED 215,000; 2022 AED 245,000; 2024 AED 400,000; 2025 AED 360,000; 2026 AED 479,167New contract, October 2022: AED 380,000 a yearNew contract, January 2026: AED 425,000 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 1, and where 302 sits

All 16 2-beds →

302 last sold in September 2022 at AED 4,123 per sqft, 53% above what two-beds in Bluewaters Residences 1 were fetching at the time (AED 2,703). Over the last 12 months two-beds sold for AED 7,100,000, around AED 4,736 per sqft, and rent for AED 397,861 to 530,000 a year. 302's AED 425,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jul 20267,100,000
22 May 20256,050,000
15 Nov 20246,800,000
20 Sep 20244,700,000
1 2-bed sale in the last 12 months

Bluewaters Residences 1

Building

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

Typical price per sqft
AED 4,736
Typical sale
AED 7.1M
Typical rent
AED 500K /yr
Typical yield
6.0%
Bluewaters Residences 1, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 41 units in Bluewaters Residences 1
Value
3012-bedAED 8.5M · Feb 2023
3032-bedAED 3.57M · May 2019
3044-bedAED 6.3M · Mar 2021
3053-bedAED 3.8M · Sep 2020
3064-bedAED 5.75M · Nov 2020

302, Bluewaters Residences 1 in numbers

  • Sold 3 times: first on 19 April 2021 for AED 3,044,000, last on 19 September 2022 for AED 6,100,000 (AED 4,123 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 380,000 to AED 425,000 a year.
  • At AED 425,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 42,900 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 1 sold for AED 7,100,000–7,100,000 in the 12 months to November 2026; the building's median across all types is AED 4,736 per sqft.

Source: Dubai Land Department. Updated 15 January 2026.

Questions about 302, Bluewaters Residences 1

What did unit 302 last sell for?

AED 6,100,000 on 19 September 2022: AED 4,123 per sqft for 1,479 sqft. The unit has 3 registered sales; the first was AED 3,044,000 in April 2021.

What is the rent for unit 302?

AED 425,000 a year on the contract signed on 15 January 2026. The previous contract, from January 2026, was AED 425,000; the unit has been rented since October 2022.

How big is unit 302?

1,479 sqft (137.4 sqm): a two-bedroom apartment on the 3rd floor of a 6-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 1 sold for AED 7,100,000 to 7,100,000 in the last 12 months, around AED 4,736 per sqft.

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Mortgage on 302, Bluewaters Residences 1

Starts from the last sale price (AED 6.1M, 19 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →