508, Bluewaters Residences 2
Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Bluewaters Residences 2
What is 508 worth today?
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Source: Dubai Land Department. Updated 20 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,487 sqft
- Floor
- 5th of 7
- Parking
- G180
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 43,100 /yr
- Last sold
- AED 3.57M · June 2019
- Building
- Bluewaters Residences 2
About 508, Bluewaters Residences 2
508 is a two-bedroom apartment of 1,487 sqft on the 5th floor of Bluewaters Residences 2, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 20 June 2019 for AED 3,570,000, or AED 2,400 per sqft.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 20 October 2026, is AED 480,000 a year: a gross yield of 13.5% on the 2019 price, before the service charge of about AED 43,100 a year.
Sales and rents for 508 over time
508 has sold once; 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 508 sits
All 38 2-beds →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. 508's AED 480,000 is at the top 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 | ||
| 506 | 2-bed | 1,636 sqft | AED 7.25MAED 7,250,000 · Dec 2022December 2022 | 350,000 /yr | |
| 507 | 4-bed | 1,233 sqft | AED 11MAED 11,000,000 · Jul 2022July 2022 | 380,000 /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 |
508, Bluewaters Residences 2 in numbers
- Sold once: by Blue Waters Residential on 20 June 2019 for AED 3,570,000, or AED 2,400 per sqft.
- Rented since October 2021 on 7 Ejari contracts, from AED 330,000 to AED 480,000 a year.
- At AED 480,000 a year the gross yield on the 2019 price is 13.5%, before a service charge of about AED 43,100 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 20 October 2026.
Questions about 508, Bluewaters Residences 2
What did unit 508 last sell for?
AED 3,570,000 on 20 June 2019, sold by the developer: AED 2,400 per sqft for 1,487 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 480,000 a year on the contract renewed on 20 October 2026. The previous contract, from October 2025, was AED 430,000; the unit has been rented since October 2021.
How big is unit 508?
1,487 sqft (138.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.
What is unit 508 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 508, Bluewaters Residences 2
Starts from the last sale price (AED 3.57M, 20 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,570,000
- Deposit, UAE resident (20%)
- AED 714,000
- Deposit, non-resident (40%)
- AED 1,428,000
- Monthly over 25 years at 3.7%
- AED 14,606
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →