502, Bluewaters Residences 1
Sold prices and rental history: sold 4 times, last in May 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Bluewaters Residences 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 23 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Floor
- 5th of 6
- Parking
- B387
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 42,800 /yr
- Last sold
- AED 6.05M · May 2025
- Building
- Bluewaters Residences 1
About 502, Bluewaters Residences 1
502 is a two-bedroom apartment of 1,478 sqft on the 5th floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 22 May 2025 for AED 6,050,000, or AED 4,093 per sqft, in line with the AED 4,033 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 23 March 2026, is AED 530,000 a year: a gross yield of 8.8% on the 2025 price, before the service charge of about AED 42,800 a year.
Sales and rents for 502 over time
502 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 502 sits
All 16 2-beds →502 last sold in May 2025 at AED 4,093 per sqft, in line with what two-beds in Bluewaters Residences 1 were fetching at the time (AED 4,033). 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. 502's AED 530,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 1,499 sqft | 7,100,000 | 4,736 | ||
| 15 Nov 202415 November 2024 | 1,711 sqft | 6,800,000 | 3,973 | ||
| 20 Sep 202420 September 2024 | 1,980 sqft | 4,700,000 | 2,374 | ||
| 22 Jul 202422 July 2024 | 1,711 sqft | 3,600,000 | 2,103 |
Bluewaters Residences 1
Building41 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%
Other units on the 5th floor
All 41 units in Bluewaters Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,768 sqft | AED 7.5MAED 7,500,000 · Oct 2022October 2022 | ||
| 503 | 2-bed | 1,711 sqft | AED 3.58MAED 3,582,000 · Aug 2019August 2019 | 458,333 /yr | |
| 504 | 4-bed | 2,563 sqft | AED 10.95MAED 10,950,000 · Apr 2022April 2022 | 315,000 /yr | |
| 505 | 3-bed | 2,175 sqft | AED 4.94MAED 4,944,000 · Sep 2018September 2018 | 550,000 /yr | |
| 506 | 4-bed | 2,473 sqft | AED 17.5MAED 17,500,000 · Feb 2023February 2023 | 100,000 /yr |
502, Bluewaters Residences 1 in numbers
- Sold 4 times: first on 10 February 2021 for AED 3,071,000, last on 22 May 2025 for AED 6,050,000 (AED 4,093 per sqft).
- Rented since March 2021 on 2 Ejari contracts, from AED 190,000 to AED 530,000 a year.
- At AED 530,000 a year the gross yield on the 2025 price is 8.8%, before a service charge of about AED 42,800 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 23 March 2026.
Questions about 502, Bluewaters Residences 1
What did unit 502 last sell for?
AED 6,050,000 on 22 May 2025: AED 4,093 per sqft for 1,478 sqft. The unit has 4 registered sales; the first was AED 3,071,000 in February 2021.
What is the rent for unit 502?
AED 530,000 a year on the contract signed on 23 March 2026. The previous contract, from March 2021, was AED 190,000.
How big is unit 502?
1,478 sqft (137.3 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2019.
What is unit 502 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 502, Bluewaters Residences 1
Starts from the last sale price (AED 6.05M, 22 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 6,050,000
- Deposit, UAE resident (20%)
- AED 1,210,000
- Deposit, non-resident (40%)
- AED 2,420,000
- Monthly over 25 years at 3.7%
- AED 24,752
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →