505, Bluewaters Residences 1
Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Bluewaters Residences 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,175 sqft
- Floor
- 5th of 6
- Parking
- B382, B383
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 63,000 /yr
- Last sold
- AED 4.94M · September 2018
- Building
- Bluewaters Residences 1
About 505, Bluewaters Residences 1
505 is a three-bedroom apartment of 2,175 sqft on the 5th floor of Bluewaters Residences 1, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 5 September 2018 for AED 4,944,000, or AED 2,273 per sqft.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 550,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 63,000 a year.
3-beds in Bluewaters Residences 1, and where 505 sits
All 6 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Nov 20255 November 2025 | 2,183 sqft | 13,700,000 | 6,275 | ||
| 4 Feb 20254 February 2025 | 2,175 sqft | 12,650,000 | 5,817 | ||
| 4 May 20234 May 2023 | 2,175 sqft | 15,000,000 | 6,898 | ||
| 11 Feb 202111 February 2021 | 2,175 sqft | 6,000,000 | 2,759 |
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 | ||
| 502 | 2-bed | 1,478 sqft | AED 6.05MAED 6,050,000 · May 2025May 2025 | 530,000 /yr | |
| 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 | |
| 506 | 4-bed | 2,473 sqft | AED 17.5MAED 17,500,000 · Feb 2023February 2023 | 100,000 /yr |
505, Bluewaters Residences 1 in numbers
- Sold once: by Blue Waters Residential on 5 September 2018 for AED 4,944,000, or AED 2,273 per sqft.
- Rented since December 2023 on 2 Ejari contracts, at AED 550,000 a year.
- At AED 550,000 a year the gross yield on the 2018 price is 11.1%, before a service charge of about AED 63,000 a year (AED 28.99 per sqft).
Source: Dubai Land Department. Updated 1 December 2024.
Questions about 505, Bluewaters Residences 1
What did unit 505 last sell for?
AED 4,944,000 on 5 September 2018, sold by the developer: AED 2,273 per sqft for 2,175 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 550,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 550,000.
How big is unit 505?
2,175 sqft (202.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower completed in 2019.
What is unit 505 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 505, Bluewaters Residences 1
Starts from the last sale price (AED 4.94M, 5 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 4,944,000
- Deposit, UAE resident (20%)
- AED 988,800
- Deposit, non-resident (40%)
- AED 1,977,600
- Monthly over 25 years at 3.7%
- AED 20,227
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →