4-bed · 2,531 sqftBluewaters Residences 10, Bluewaters Island · 5th floor · completed 2019

506, Bluewaters Residences 10

Sold prices and rental history: sold twice, last in January 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 11 January 2023
Last soldAED 19.2M11 January 2023
Current rentAED 220K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Bluewaters Residences 10

What is 506 worth today?

Last sold for AED 19,200,000 in 2023

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11 Jan 2023SoldReady
AED 19,200,000AED 7,587 per sqft
15 Oct 2022RentedNew contract
AED 220,000/yr12 months · AED 87 per sqft
6 Mar 2021RentedNew contract
AED 360,000/yr12 months · AED 142 per sqft
20 Jun 2019Sold by developerReady
AED 5,213,000AED 2,060 per sqft

Source: Dubai Land Department. Updated 11 January 2023.

Key facts

Type
4-bed apartment
Size
2,531 sqft
Floor
5th of 9
Parking
B120, B121
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 73,400 /yr
Last sold
AED 19.2M · January 2023

About 506, Bluewaters Residences 10

506 is a four-bedroom apartment of 2,531 sqft on the 5th floor of Bluewaters Residences 10, a 9-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 11 January 2023 for AED 19,200,000, or AED 7,587 per sqft, 77% above the AED 4,277 four-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 October 2022, is AED 220,000 a year: a gross yield of 1.1% on the 2023 price, before the service charge of about AED 73,400 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical four-bed in Bluewaters Residences 10
10M20M201920212023Typical sale price by year: 2019 AED 5,188,000; 2021 AED 5,050,000; 2022 AED 10,500,000Sold by developer, June 2019: AED 5,213,000 (AED 2,060 per sqft)Sold, January 2023: AED 19,200,000 (AED 7,587 per sqft)

506 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 506, each contractTypical four-bed in Bluewaters Residences 10
200K300K400K202120222023Typical rent by year: 2021 AED 360,000; 2022 AED 400,000New contract, March 2021: AED 360,000 a yearNew contract, October 2022: AED 220,000 a year

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 10, and where 506 sits

All 17 4-beds →

506 last sold in January 2023 at AED 7,587 per sqft, 77% above what four-beds in Bluewaters Residences 10 were fetching at the time (AED 4,277). Over the last 12 months four-beds sold for AED 17,700,000, around AED 6,994 per sqft, and rent for AED 980,000 to 980,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
10 Dec 202517,700,000
8 May 2024600,000
23 Apr 202414,900,000
15 Jun 202312,800,000
1 4-bed sale in the last 12 months

Bluewaters Residences 10

Building

53 apartments, 1-bed to 4-bed over 9 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 5 sold in the last 12 months.

Typical price per sqft
AED 4,720
Typical sale
AED 7M
Typical rent
AED 425K /yr
Typical yield
4.9%
Bluewaters Residences 10, Bluewaters Island: prices, sales and rents →

Other units on the 5th floor

All 53 units in Bluewaters Residences 10
Value
5012-bedAED 9.7M · Aug 2023
5022-bedAED 3.03M · Apr 2021
5032-bedAED 3.56M · Oct 2019
5044-bedAED 5.05M · Jul 2019
5053-bedAED 4.92M · Feb 2022

506, Bluewaters Residences 10 in numbers

  • Sold twice: first on 20 June 2019 for AED 5,213,000, last on 11 January 2023 for AED 19,200,000 (AED 7,587 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, from AED 360,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2023 price is 1.1%, before a service charge of about AED 73,400 a year (AED 28.99 per sqft).
  • Four-beds in Bluewaters Residences 10 sold for AED 17,700,000–17,700,000 in the 12 months to November 2026; the building's median across all types is AED 4,720 per sqft.

Source: Dubai Land Department. Updated 11 January 2023.

Questions about 506, Bluewaters Residences 10

What did unit 506 last sell for?

AED 19,200,000 on 11 January 2023: AED 7,587 per sqft for 2,531 sqft. The unit has 2 registered sales; the first was AED 5,213,000 in June 2019.

What is the rent for unit 506?

AED 220,000 a year on the contract signed on 15 October 2022. The previous contract, from March 2021, was AED 360,000.

How big is unit 506?

2,531 sqft (235.1 sqm): a four-bedroom apartment on the 5th floor of a 9-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. Four-beds in Bluewaters Residences 10 sold for AED 17,700,000 to 17,700,000 in the last 12 months, around AED 6,994 per sqft.

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Mortgage on 506, Bluewaters Residences 10

Starts from the last sale price (AED 19.2M, 11 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 19,200,000
Deposit, UAE resident (20%)
AED 3,840,000
Deposit, non-resident (40%)
AED 7,680,000
Monthly over 25 years at 3.7%
AED 78,553

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