2-bed · 1,677 sqftBluewaters Residences 2, Bluewaters Island · 7th floor · completed 2019

703, Bluewaters Residences 2

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 4 April 2024
Last soldAED 3.4M17 September 2019
Current rentAED 430K /yr4 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Bluewaters Residences 2

What is 703 worth today?

Last sold for AED 3,396,000 in 2019

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4 Apr 2024RentedNew contract
AED 430,000/yr12 months · AED 256 per sqft
7 Jun 2022RentedNew contract
AED 300,000/yr12 months · AED 179 per sqft
2 Nov 2019RentedNew contract
AED 165,000/yr12 months · AED 98 per sqft
17 Sep 2019Sold by developerReady
AED 3,396,000AED 2,025 per sqft

Source: Dubai Land Department. Updated 4 April 2024.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
7th of 7
Parking
G134
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 48,600 /yr
Last sold
AED 3.4M · September 2019

About 703, Bluewaters Residences 2

703 is a two-bedroom apartment of 1,677 sqft on the 7th floor of Bluewaters Residences 2, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 17 September 2019 for AED 3,396,000, or AED 2,025 per sqft, 6% below the AED 2,145 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 4 April 2024, is AED 430,000 a year: a gross yield of 12.7% on the 2019 price, before the service charge of about AED 48,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Bluewaters Residences 2
2.5M5M7.5M2019202120232025Typical 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, September 2019: AED 3,396,000 (AED 2,025 per sqft)

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

Rents
Unit 703, 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, November 2019: AED 165,000 a yearNew contract, June 2022: AED 300,000 a yearNew contract, April 2024: 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 703 sits

All 38 2-beds →

703 last sold in September 2019 at AED 2,025 per sqft, 6% below what two-beds in Bluewaters Residences 2 were fetching at the time (AED 2,145). 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. 703's AED 430,000 is in the upper half 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 7th floor

All 81 units in Bluewaters Residences 2
Value
7013-bedAED 4.68M · Nov 2019
7022-bedAED 3.63M · Aug 2023
7042-bedAED 7.6M · Dec 2024
7052-bedAED 3.17M · Sep 2019
7062-bedAED 8.1M · Feb 2024
7074-bedAED 14.4M · Dec 2022
7082-bedAED 11.2M · Nov 2024
1–7 of 11

703, Bluewaters Residences 2 in numbers

  • Sold once: by Blue Waters Residential on 17 September 2019 for AED 3,396,000, or AED 2,025 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 165,000 to AED 430,000 a year.
  • At AED 430,000 a year the gross yield on the 2019 price is 12.7%, before a service charge of about AED 48,600 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 4 April 2024.

Questions about 703, Bluewaters Residences 2

What did unit 703 last sell for?

AED 3,396,000 on 17 September 2019, sold by the developer: AED 2,025 per sqft for 1,677 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 430,000 a year on the contract signed on 4 April 2024. The previous contract, from June 2022, was AED 300,000; the unit has been rented since November 2019.

How big is unit 703?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2019.

What is unit 703 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 703, Bluewaters Residences 2

Starts from the last sale price (AED 3.4M, 17 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,396,000
Deposit, UAE resident (20%)
AED 679,200
Deposit, non-resident (40%)
AED 1,358,400
Monthly over 25 years at 3.7%
AED 13,894

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