2-bed · 1,512 sqftBluewaters Residences 2, Bluewaters Island · 3rd floor · completed 2019

302, Bluewaters Residences 2

Sold prices and rental history: sold twice, last in October 2022, and rented once, from March 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 13 October 2022
Last soldAED 5.01M13 October 2022
Current rentAED 150K /yr7 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Bluewaters Residences 2

What is 302 worth today?

Last sold for AED 5,012,500 in 2022

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13 Oct 2022SoldReady
AED 5,012,500AED 3,314 per sqft
7 Mar 2020RentedNew contract
AED 150,000/yr12 months · AED 100 per sqft
14 Nov 2019Sold by developerReady
AED 3,206,000AED 2,120 per sqft

Source: Dubai Land Department. Updated 13 October 2022.

Key facts

Type
2-bed apartment
Size
1,512 sqft
Floor
3rd of 7
Parking
B312
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 43,800 /yr
Last sold
AED 5.01M · October 2022

About 302, Bluewaters Residences 2

302 is a two-bedroom apartment of 1,512 sqft on the 3rd floor of Bluewaters Residences 2, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 13 October 2022 for AED 5,012,500, or AED 3,314 per sqft, 5% below the AED 3,490 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 March 2020. The current contract, signed on 7 March 2020, is AED 150,000 a year: a gross yield of 3.0% on the 2022 price, before the service charge of about AED 43,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Bluewaters Residences 2
2.5M5M7.5M2019202120232025Typical sale price by year: 2019 AED 3,311,000; 2020 AED 3,222,000; 2021 AED 3,300,000; 2022 AED 6,390,000; 2023 AED 7,500,000; 2024 AED 8,050,000; 2025 AED 8,400,000Sold by developer, November 2019: AED 3,206,000 (AED 2,120 per sqft)Sold, October 2022: AED 5,012,500 (AED 3,314 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Bluewaters Residences 2
200K400K20192021202320252027Typical rent by year: 2019 AED 165,000; 2020 AED 160,000; 2021 AED 200,000; 2022 AED 300,000; 2023 AED 390,000; 2024 AED 430,000; 2025 AED 355,000; 2026 AED 350,000New contract, March 2020: AED 150,000 a year

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 2, and where 302 sits

All 38 2-beds →

302 last sold in October 2022 at AED 3,314 per sqft, 5% below what two-beds in Bluewaters Residences 2 were fetching at the time (AED 3,490). Over the last 12 months two-beds sold for AED 4,267,093 to 9,000,000, around AED 4,298 per sqft, and rent for AED 280,000 to 480,000 a year. 302's AED 150,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Aug 20266,600,000
28 Jan 20264,267,093
8 Dec 20259,000,000
24 Sep 202511,000,000
3 2-bed sales in the last 12 months

Bluewaters Residences 2

Building

81 apartments, 1-bed to 4-bed over 7 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 10 sold in the last 12 months.

Typical price per sqft
AED 5,730 Up 14.6%
Typical sale
AED 10.13M
Typical rent
AED 400K /yr
Typical yield
4.9%
Bluewaters Residences 2, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 81 units in Bluewaters Residences 2
Value
3013-bedAED 7.7M · Jan 2023
3032-bedAED 6.85M · Feb 2023
3042-bedAED 9M · Jul 2023
3052-bedAED 7.29M · Mar 2025
3062-bedAED 3.5M · Nov 2019
3074-bedAED 5.74M · Jun 2019
3082-bedAED 10.5M · Mar 2024
1–7 of 11

302, Bluewaters Residences 2 in numbers

  • Sold twice: first on 14 November 2019 for AED 3,206,000, last on 13 October 2022 for AED 5,012,500 (AED 3,314 per sqft).
  • Rented since March 2020 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 3.0%, before a service charge of about AED 43,800 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 2 sold for AED 4,267,093–9,000,000 in the 12 months to November 2026; the building's median across all types is AED 5,730 per sqft.

Source: Dubai Land Department. Updated 13 October 2022.

Questions about 302, Bluewaters Residences 2

What did unit 302 last sell for?

AED 5,012,500 on 13 October 2022: AED 3,314 per sqft for 1,512 sqft. The unit has 2 registered sales; the first was AED 3,206,000 in November 2019.

What is the rent for unit 302?

AED 150,000 a year on the contract signed on 7 March 2020.

How big is unit 302?

1,512 sqft (140.5 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2019.

What is unit 302 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 2 sold for AED 4,267,093 to 9,000,000 in the last 12 months, around AED 4,298 per sqft.

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Mortgage on 302, Bluewaters Residences 2

Starts from the last sale price (AED 5.01M, 13 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,012,500
Deposit, UAE resident (20%)
AED 1,002,500
Deposit, non-resident (40%)
AED 2,005,000
Monthly over 25 years at 3.7%
AED 20,508

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