4-bed · 1,233 sqftBluewaters Residences 2, Bluewaters Island · 5th floor · completed 2019

507, Bluewaters Residences 2

Sold prices and rental history: sold twice, last in July 2022, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 6 July 2022
Last soldAED 11M6 July 2022
Current rentAED 380K /yr1 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Bluewaters Residences 2

What is 507 worth today?

Last sold for AED 11,000,000 in 2022

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6 Jul 2022SoldReady
AED 11,000,000AED 4,460 per sqft
1 Nov 2019RentedNew contract
AED 380,000/yr12 months · AED 154 per sqft
9 Oct 2019Sold by developerReady
AED 5,813,000AED 2,357 per sqft

Source: Dubai Land Department. Updated 6 July 2022.

Key facts

Type
4-bed apartment
Size
1,233 sqft
Floor
5th of 7
Parking
B270, B271
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 35,700 /yr
Last sold
AED 11M · July 2022

About 507, Bluewaters Residences 2

507 is a four-bedroom apartment of 1,233 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 6 July 2022 for AED 11,000,000, or AED 4,460 per sqft.

One Ejari contract is registered, from 1 November 2019. The current contract, signed on 1 November 2019, is AED 380,000 a year: a gross yield of 3.5% on the 2022 price, before the service charge of about AED 35,700 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical four-bed in Bluewaters Residences 2
5M10M201920212023Typical sale price by year: 2019 AED 5,776,000; 2022 AED 12,200,000Sold by developer, October 2019: AED 5,813,000 (AED 2,357 per sqft)Sold, July 2022: AED 11,000,000 (AED 4,460 per sqft)

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

Rents
Unit 507, each contractTypical four-bed in Bluewaters Residences 2
350K2019202020212022Typical rent by year: 2019 AED 350,000; 2020 AED 320,000; 2021 AED 350,000New contract, November 2019: AED 380,000 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 2, and where 507 sits

All 7 4-beds →
Recent 4-bed salesUnit no.Price (AED)Summary
26 Oct 20239,000,000
27 Dec 202214,400,000
13 Dec 20225,894,000
18 Jul 202213,200,000
0 4-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
5042-bedAED 6.6M · Aug 2026
5052-bedAED 3M · Jan 2025
5062-bedAED 7.25M · Dec 2022
5082-bedAED 3.57M · Jun 2019
1–7 of 11

507, Bluewaters Residences 2 in numbers

  • Sold twice: first on 9 October 2019 for AED 5,813,000, last on 6 July 2022 for AED 11,000,000 (AED 4,460 per sqft).
  • Rented since November 2019 on one Ejari contract, at AED 380,000 a year.
  • At AED 380,000 a year the gross yield on the 2022 price is 3.5%, before a service charge of about AED 35,700 a year (AED 28.99 per sqft).

Source: Dubai Land Department. Updated 6 July 2022.

Questions about 507, Bluewaters Residences 2

What did unit 507 last sell for?

AED 11,000,000 on 6 July 2022: AED 4,460 per sqft for 1,233 sqft. The unit has 2 registered sales; the first was AED 5,813,000 in October 2019.

What is the rent for unit 507?

AED 380,000 a year on the contract signed on 1 November 2019.

How big is unit 507?

1,233 sqft (114.5 sqm): a four-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 507, Bluewaters Residences 2

Starts from the last sale price (AED 11M, 6 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 11,000,000
Deposit, UAE resident (20%)
AED 2,200,000
Deposit, non-resident (40%)
AED 4,400,000
Monthly over 25 years at 3.7%
AED 45,004

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