2-bed · 1,535 sqftBluewaters Residences 2, Bluewaters Island · 3rd floor · completed 2019

304, Bluewaters Residences 2

Sold prices and rental history: sold 3 times, last in July 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 28 July 2023
Last soldAED 9M28 July 2023
Current rentAED 180K /yr14 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Bluewaters Residences 2

What is 304 worth today?

Last sold for AED 9,000,000 in 2023

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28 Jul 2023SoldReady
AED 9,000,000AED 5,863 per sqft
18 Apr 2023SoldReady
AED 7,000,000AED 4,560 per sqft
14 Dec 2021RentedNew contract
AED 180,000/yr12 months · AED 117 per sqft
5 Dec 2019RentedNew contract
AED 160,000/yr12 months · AED 104 per sqft
5 Aug 2019Sold by developerReady
AED 3,139,000AED 2,045 per sqft

Source: Dubai Land Department. Updated 28 July 2023.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
3rd of 7
Parking
G126
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 44,500 /yr
Last sold
AED 9M · July 2023

About 304, Bluewaters Residences 2

304 is a two-bedroom apartment of 1,535 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 28 July 2023 for AED 9,000,000, or AED 5,863 per sqft, 30% above the AED 4,498 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 14 December 2021, is AED 180,000 a year: a gross yield of 2.0% on the 2023 price, before the service charge of about AED 44,500 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical two-bed in Bluewaters Residences 2
5M10M2019202120232025Typical 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, August 2019: AED 3,139,000 (AED 2,045 per sqft)Sold, April 2023: AED 7,000,000 (AED 4,560 per sqft)Sold, July 2023: AED 9,000,000 (AED 5,863 per sqft)

304 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 304, 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, December 2019: AED 160,000 a yearNew contract, December 2021: AED 180,000 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 304 sits

All 38 2-beds →

304 last sold in July 2023 at AED 5,863 per sqft, 30% above what two-beds in Bluewaters Residences 2 were fetching at the time (AED 4,498). 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. 304's AED 180,000 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
3022-bedAED 5.01M · Oct 2022
3032-bedAED 6.85M · Feb 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

304, Bluewaters Residences 2 in numbers

  • Sold 3 times: first on 5 August 2019 for AED 3,139,000, last on 28 July 2023 for AED 9,000,000 (AED 5,863 per sqft).
  • Rented since December 2019 on 2 Ejari contracts, from AED 160,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2023 price is 2.0%, before a service charge of about AED 44,500 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 28 July 2023.

Questions about 304, Bluewaters Residences 2

What did unit 304 last sell for?

AED 9,000,000 on 28 July 2023: AED 5,863 per sqft for 1,535 sqft. The unit has 3 registered sales; the first was AED 3,139,000 in August 2019.

What is the rent for unit 304?

AED 180,000 a year on the contract signed on 14 December 2021. The previous contract, from December 2019, was AED 160,000.

How big is unit 304?

1,535 sqft (142.6 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2019.

What is unit 304 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 304, Bluewaters Residences 2

Starts from the last sale price (AED 9M, 28 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,000,000
Deposit, UAE resident (20%)
AED 1,800,000
Deposit, non-resident (40%)
AED 3,600,000
Monthly over 25 years at 3.7%
AED 36,822

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