506, Bluewaters Residences 2
Sold prices and rental history: sold twice, last in December 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Bluewaters Residences 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 9 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,636 sqft
- Floor
- 5th of 7
- Parking
- G179
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 47,400 /yr
- Last sold
- AED 7.25M · December 2022
- Building
- Bluewaters Residences 2
About 506, Bluewaters Residences 2
506 is a two-bedroom apartment of 1,636 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 12 December 2022 for AED 7,250,000, or AED 4,430 per sqft, 6% above the AED 4,167 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 9 January 2026, is AED 350,000 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 47,400 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 38 2-beds →506 last sold in December 2022 at AED 4,430 per sqft, 6% above what two-beds in Bluewaters Residences 2 were fetching at the time (AED 4,167). 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. 506's AED 350,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 1,536 sqft | 6,600,000 | 4,298 | ||
| 28 Jan 202628 January 2026 | 1,826 sqft | 4,267,093 | 2,336 | ||
| 8 Dec 20258 December 2025 | 1,488 sqft | 9,000,000 | 6,047 | ||
| 24 Sep 202524 September 2025 | 1,760 sqft | 11,000,000 | 6,251 |
Bluewaters Residences 2
Building81 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%
Other units on the 5th floor
All 81 units in Bluewaters Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,115 sqft | AED 11.25MAED 11,250,000 · Nov 2025November 2025 | 566,176 /yr | |
| 502 | 2-bed | 1,512 sqft | AED 8MAED 8,000,000 · Feb 2024February 2024 | 380,000 /yr | |
| 503 | 2-bed | 1,677 sqft | AED 7.8MAED 7,800,000 · Jul 2025July 2025 | ||
| 504 | 2-bed | 1,536 sqft | AED 6.6MAED 6,600,000 · Aug 2026August 2026 | 430,000 /yr | |
| 505 | 2-bed | 1,511 sqft | AED 3MAED 3,000,000 · Jan 2025January 2025 | ||
| 507 | 4-bed | 1,233 sqft | AED 11MAED 11,000,000 · Jul 2022July 2022 | 380,000 /yr | |
| 508 | 2-bed | 1,487 sqft | AED 3.57MAED 3,570,000 · Jun 2019June 2019 | 480,000 /yr | |
| 509 | 3-bed | 1,987 sqft | AED 11.5MAED 11,500,000 · Feb 2026February 2026 | 628,311 /yr | |
| 510 | 3-bed | 1,990 sqft | AED 8MAED 8,000,000 · Jul 2023July 2023 | 650,000 /yr | |
| 511 | 1-bed | 1,146 sqft | AED 4.6MAED 4,600,000 · Feb 2023February 2023 | 400,000 /yr | |
| 512 | 3-bed | 2,061 sqft | AED 11.9MAED 11,900,000 · Jun 2024June 2024 |
506, Bluewaters Residences 2 in numbers
- Sold twice: first on 29 May 2019 for AED 3,551,000, last on 12 December 2022 for AED 7,250,000 (AED 4,430 per sqft).
- Rented since January 2022 on 3 Ejari contracts, from AED 300,000 to AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2022 price is 4.8%, before a service charge of about AED 47,400 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 9 January 2026.
Questions about 506, Bluewaters Residences 2
What did unit 506 last sell for?
AED 7,250,000 on 12 December 2022: AED 4,430 per sqft for 1,636 sqft. The unit has 2 registered sales; the first was AED 3,551,000 in May 2019.
What is the rent for unit 506?
AED 350,000 a year on the contract signed on 9 January 2026. The previous contract, from January 2023, was AED 299,492; the unit has been rented since January 2022.
How big is unit 506?
1,636 sqft (152.0 sqm): a two-bedroom apartment on the 5th floor of a 7-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. 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 506, Bluewaters Residences 2
Starts from the last sale price (AED 7.25M, 12 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 7,250,000
- Deposit, UAE resident (20%)
- AED 1,450,000
- Deposit, non-resident (40%)
- AED 2,900,000
- Monthly over 25 years at 3.7%
- AED 29,662
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →