3-bed · 2,175 sqftBluewaters Residences 1, Bluewaters Island · 3rd floor · completed 2019

305, Bluewaters Residences 1

Sold prices and rental history: sold twice, last in September 2020, and rented once, from April 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 2 September 2020
Last soldAED 3.8M2 September 2020
Current rentAED 290K /yr15 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Bluewaters Residences 1

What is 305 worth today?

Last sold for AED 3,800,000 in 2020

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2 Sep 2020SoldReady
AED 3,800,000AED 1,747 per sqft
27 Jun 2019Sold by developerReady
AED 4,680,650AED 2,152 per sqft
15 Apr 2019RentedNew contract
AED 290,000/yr12 months · AED 133 per sqft

Source: Dubai Land Department. Updated 2 September 2020.

Key facts

Type
3-bed apartment
Size
2,175 sqft
Floor
3rd of 6
Parking
G155, G156
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 63,000 /yr
Last sold
AED 3.8M · September 2020

About 305, Bluewaters Residences 1

305 is a three-bedroom apartment of 2,175 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 2 September 2020 for AED 3,800,000, or AED 1,747 per sqft, 23% below the AED 2,262 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 April 2019. The current contract, signed on 15 April 2019, is AED 290,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 63,000 a year.

3-beds in Bluewaters Residences 1, and where 305 sits

All 6 3-beds →

305 last sold in September 2020 at AED 1,747 per sqft, 23% below what three-beds in Bluewaters Residences 1 were fetching at the time (AED 2,262).

Recent 3-bed salesUnit no.Price (AED)Summary
5 Nov 202513,700,000
4 Feb 202512,650,000
4 May 202315,000,000
11 Feb 20216,000,000
0 3-bed sales 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
3022-bedAED 6.1M · Sep 2022
3032-bedAED 3.57M · May 2019
3044-bedAED 6.3M · Mar 2021
3064-bedAED 5.75M · Nov 2020

305, Bluewaters Residences 1 in numbers

  • Sold twice: first on 27 June 2019 for AED 4,680,650, last on 2 September 2020 for AED 3,800,000 (AED 1,747 per sqft).
  • Rented since April 2019 on one Ejari contract, at AED 290,000 a year.
  • At AED 290,000 a year the gross yield on the 2020 price is 7.6%, before a service charge of about AED 63,000 a year (AED 28.99 per sqft).

Source: Dubai Land Department. Updated 2 September 2020.

Questions about 305, Bluewaters Residences 1

What did unit 305 last sell for?

AED 3,800,000 on 2 September 2020: AED 1,747 per sqft for 2,175 sqft. The unit has 2 registered sales; the first was AED 4,680,650 in June 2019.

What is the rent for unit 305?

AED 290,000 a year on the contract signed on 15 April 2019.

How big is unit 305?

2,175 sqft (202.1 sqm): a three-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2019.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 305, Bluewaters Residences 1

Starts from the last sale price (AED 3.8M, 2 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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