506, Bluewaters Residences 1
Sold prices and rental history: sold twice, last in February 2023, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Bluewaters Residences 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 7 February 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 2,473 sqft
- Floor
- 5th of 6
- Parking
- B395, B396
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 71,700 /yr
- Last sold
- AED 17.5M · February 2023
- Building
- Bluewaters Residences 1
About 506, Bluewaters Residences 1
506 is a four-bedroom apartment of 2,473 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 7 February 2023 for AED 17,500,000, or AED 7,075 per sqft, 55% above the AED 4,562 four-beds in the building were fetching at the time.
One Ejari contract is registered, from 29 November 2020. The current contract, signed on 29 November 2020, is AED 100,000 a year: a gross yield of 0.6% on the 2023 price, before the service charge of about AED 71,700 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Bluewaters Residences 1, and where 506 sits
All 17 4-beds →506 last sold in February 2023 at AED 7,075 per sqft, 55% above what four-beds in Bluewaters Residences 1 were fetching at the time (AED 4,562). 506's AED 100,000 is at the bottom of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Mar 202517 March 2025 | 2,563 sqft | 16,900,000 | 6,594 | ||
| 29 May 202329 May 2023 | 2,563 sqft | 19,400,000 | 7,570 | ||
| 17 Mar 202317 March 2023 | 2,473 sqft | 19,100,000 | 7,721 | ||
| 8 Feb 20238 February 2023 | 2,563 sqft | 16,600,000 | 6,477 |
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 | |
| 505 | 3-bed | 2,175 sqft | AED 4.94MAED 4,944,000 · Sep 2018September 2018 | 550,000 /yr |
506, Bluewaters Residences 1 in numbers
- Sold twice: first on 1 November 2018 for AED 5,320,000, last on 7 February 2023 for AED 17,500,000 (AED 7,075 per sqft).
- Rented since November 2020 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 0.6%, before a service charge of about AED 71,700 a year (AED 28.99 per sqft).
Source: Dubai Land Department. Updated 7 February 2023.
Questions about 506, Bluewaters Residences 1
What did unit 506 last sell for?
AED 17,500,000 on 7 February 2023: AED 7,075 per sqft for 2,473 sqft. The unit has 2 registered sales; the first was AED 5,320,000 in November 2018.
What is the rent for unit 506?
AED 100,000 a year on the contract signed on 29 November 2020.
How big is unit 506?
2,473 sqft (229.7 sqm): a four-bedroom apartment on the 5th floor of a 6-storey tower completed in 2019.
What is unit 506 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 506, Bluewaters Residences 1
Starts from the last sale price (AED 17.5M, 7 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 17,500,000
- Deposit, UAE resident (20%)
- AED 3,500,000
- Deposit, non-resident (40%)
- AED 7,000,000
- Monthly over 25 years at 3.7%
- AED 71,598
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →