2-bed · 1,478 sqftBluewaters Residences 1, Bluewaters Island · 4th floor · completed 2019

402, Bluewaters Residences 1

Sold prices and rental history: sold once, by the developer in April 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 29 April 2021
Last soldAED 2.9M29 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Bluewaters Residences 1

What is 402 worth today?

Last sold for AED 2,900,350 in 2021

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29 Apr 2021Sold by developerOff-plan
AED 2,900,350AED 1,962 per sqft

Source: Dubai Land Department. Updated 29 April 2021.

Key facts

Type
2-bed apartment
Size
1,478 sqft
Floor
4th of 6
Parking
G162
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 42,800 /yr
Last sold
AED 2.9M · April 2021

About 402, Bluewaters Residences 1

402 is a two-bedroom apartment of 1,478 sqft on the 4th floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 29 April 2021 for AED 2,900,350, or AED 1,962 per sqft, 5% below the AED 2,067 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales
Unit 402, 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 2,900,350 (AED 1,962 per sqft)

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

Rents
Unit 402, 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 479,167

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 402 sits

All 16 2-beds →

402 last sold in April 2021 at AED 1,962 per sqft, 5% below what two-beds in Bluewaters Residences 1 were fetching at the time (AED 2,067). 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.

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 4th floor

All 41 units in Bluewaters Residences 1
Value
4012-bedAED 8M · Nov 2022
4032-bedAED 7.9M · Sep 2023
4044-bedAED 19.4M · May 2023
4053-bedAED 15M · May 2023
4064-bedAED 5.59M · Sep 2018

402, Bluewaters Residences 1 in numbers

  • Sold once: by Blue Waters Residential on 29 April 2021 for AED 2,900,350, or AED 1,962 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 29 April 2021.

Questions about 402, Bluewaters Residences 1

What did unit 402 last sell for?

AED 2,900,350 on 29 April 2021, sold by the developer: AED 1,962 per sqft for 1,478 sqft. It is the only registered sale of the unit.

How big is unit 402?

1,478 sqft (137.3 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2019.

What is unit 402 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 402, Bluewaters Residences 1

Starts from the last sale price (AED 2.9M, 29 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,350
Deposit, UAE resident (20%)
AED 580,070
Deposit, non-resident (40%)
AED 1,160,140
Monthly over 25 years at 3.7%
AED 11,866

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