2-bed · 1,536 sqftBluewaters Residences 2, Bluewaters Island · 5th floor · completed 2019

504, Bluewaters Residences 2

Sold prices and rental history: sold twice, last in August 2026, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 5 August 2026
Last soldAED 6.6M5 August 2026
Current rentAED 430K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Bluewaters Residences 2

What is 504 worth today?

Last sold for AED 6,600,000 in 2026

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5 Aug 2026SoldReady
AED 6,600,000AED 4,298 per sqft
1 Jan 2025RentedNew contract
AED 430,000/yr12 months · AED 279 per sqft
1 Jan 2025RentedNew contract
AED 430,000/yr12 months · AED 279 per sqft
20 Sep 2023RentedNew contract
AED 460,000/yr12 months · AED 300 per sqft
29 Oct 2019Sold by developerReady
AED 3,179,000AED 2,070 per sqft

Source: Dubai Land Department. Updated 5 August 2026.

Key facts

Type
2-bed apartment
Size
1,536 sqft
Floor
5th of 7
Parking
G239
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 44,500 /yr
Last sold
AED 6.6M · August 2026

About 504, Bluewaters Residences 2

504 is a two-bedroom apartment of 1,536 sqft on the 5th floor of Bluewaters Residences 2, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 5 August 2026 for AED 6,600,000, or AED 4,298 per sqft, 17% below the AED 5,173 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 January 2025, is AED 430,000 a year: a gross yield of 6.5% on the 2026 price, before the service charge of about AED 44,500 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in Bluewaters Residences 2
2.5M5M7.5M201920222025Typical 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, October 2019: AED 3,179,000 (AED 2,070 per sqft)Sold, August 2026: AED 6,600,000 (AED 4,298 per sqft)

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

Rents
Unit 504, 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, September 2023: AED 460,000 a yearNew contract, January 2025: AED 430,000 a yearNew contract, January 2025: AED 430,000 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 504 sits

All 38 2-beds →

504 last sold in August 2026 at AED 4,298 per sqft, 17% below what two-beds in Bluewaters Residences 2 were fetching at the time (AED 5,173). 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. 504's AED 430,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jan 20264,267,093
8 Dec 20259,000,000
24 Sep 202511,000,000
11 Jul 20257,800,000
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 5th floor

All 81 units in Bluewaters Residences 2
Value
5013-bedAED 11.25M · Nov 2025
5022-bedAED 8M · Feb 2024
5032-bedAED 7.8M · Jul 2025
5052-bedAED 3M · Jan 2025
5062-bedAED 7.25M · Dec 2022
5074-bedAED 11M · Jul 2022
5082-bedAED 3.57M · Jun 2019
1–7 of 11

504, Bluewaters Residences 2 in numbers

  • Sold twice: first on 29 October 2019 for AED 3,179,000, last on 5 August 2026 for AED 6,600,000 (AED 4,298 per sqft).
  • Rented since September 2023 on 3 Ejari contracts, from AED 460,000 to AED 430,000 a year.
  • At AED 430,000 a year the gross yield on the 2026 price is 6.5%, 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 5 August 2026.

Questions about 504, Bluewaters Residences 2

What did unit 504 last sell for?

AED 6,600,000 on 5 August 2026: AED 4,298 per sqft for 1,536 sqft. The unit has 2 registered sales; the first was AED 3,179,000 in October 2019.

What is the rent for unit 504?

AED 430,000 a year on the contract signed on 1 January 2025. The previous contract, from January 2025, was AED 430,000; the unit has been rented since September 2023.

How big is unit 504?

1,536 sqft (142.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.

What is unit 504 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 504, Bluewaters Residences 2

Starts from the last sale price (AED 6.6M, 5 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 6,600,000
Deposit, UAE resident (20%)
AED 1,320,000
Deposit, non-resident (40%)
AED 2,640,000
Monthly over 25 years at 3.7%
AED 27,003

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