3-bed · 2,061 sqftBluewaters Residences 2, Bluewaters Island · 7th floor · completed 2019

712, Bluewaters Residences 2

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

Unit 712 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 4.67M7 August 2019
Current rentAED 596K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Bluewaters Residences 2

What is 712 worth today?

Last sold for AED 4,673,000 in 2019

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1 Sep 2024RentedRenewal
AED 595,500/yr12 months · AED 290 per sqft
1 Sep 2024RentedNew contract
AED 595,500/yr12 months · AED 290 per sqft
1 Sep 2023RentedRenewal
AED 570,000/yr12 months · AED 277 per sqft
1 Sep 2022RentedNew contract
AED 570,000/yr12 months · AED 277 per sqft
10 Sep 2021RentedRenewal
AED 225,069/yr9 months · AED 109 per sqft
10 Sep 2020RentedRenewal
AED 215,000/yr12 months · AED 105 per sqft
10 Sep 2019RentedNew contract
AED 235,000/yr12 months · AED 114 per sqft
7 Aug 2019Sold by developerReady
AED 4,673,000AED 2,267 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
3-bed apartment
Size
2,061 sqft
Floor
7th of 7
Parking
B325, B326
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 59,700 /yr
Last sold
AED 4.67M · August 2019

About 712, Bluewaters Residences 2

712 is a three-bedroom apartment of 2,061 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 7 August 2019 for AED 4,673,000, or AED 2,267 per sqft, in line with the AED 2,314 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 595,500 a year: a gross yield of 12.7% on the 2019 price, before the service charge of about AED 59,700 a year.

Sales and rents for 712 over time

Sales
Unit 712, each saleTypical three-bed in Bluewaters Residences 2
5M10M2019202120232025Typical sale price by year: 2019 AED 4,630,500; 2020 AED 4,074,575; 2022 AED 7,700,000; 2024 AED 12,750,000; 2025 AED 12,250,000Sold by developer, August 2019: AED 4,673,000 (AED 2,267 per sqft)

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

Rents
Unit 712, each contractTypical three-bed in Bluewaters Residences 2
200K400K600K20192021202320252027Typical rent by year: 2019 AED 248,750; 2020 AED 230,000; 2021 AED 300,000; 2022 AED 450,000; 2023 AED 625,000; 2024 AED 595,500; 2025 AED 600,000; 2026 AED 640,000New contract, September 2019: AED 235,000 a yearRenewal, September 2020: AED 215,000 a yearRenewal, September 2021: AED 225,069 a yearNew contract, September 2022: AED 570,000 a yearRenewal, September 2023: AED 570,000 a yearRenewal, September 2024: AED 595,500 a yearNew contract, September 2024: AED 595,500 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Bluewaters Residences 2, and where 712 sits

All 25 3-beds →

712 last sold in August 2019 at AED 2,267 per sqft, in line with what three-beds in Bluewaters Residences 2 were fetching at the time (AED 2,314). Over the last 12 months three-beds sold for AED 11,250,000 to 12,600,000, around AED 5,957 per sqft, and rent for AED 550,000 to 700,000 a year. 712's AED 595,500 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Aug 202612,000,000
10 Feb 202611,500,000
26 Dec 202512,600,000
18 Dec 202511,900,000
5 3-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
7032-bedAED 3.4M · Sep 2019
7042-bedAED 7.6M · Dec 2024
7052-bedAED 3.17M · Sep 2019
7062-bedAED 8.1M · Feb 2024
7074-bedAED 14.4M · Dec 2022
1–7 of 11

712, Bluewaters Residences 2 in numbers

  • Sold once: by Blue Waters Residential on 7 August 2019 for AED 4,673,000, or AED 2,267 per sqft.
  • Rented since September 2019 on 7 Ejari contracts, from AED 235,000 to AED 595,500 a year.
  • At AED 595,500 a year the gross yield on the 2019 price is 12.7%, before a service charge of about AED 59,700 a year (AED 28.99 per sqft).
  • Three-beds in Bluewaters Residences 2 sold for AED 11,250,000–12,600,000 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 1 September 2024.

Questions about 712, Bluewaters Residences 2

What did unit 712 last sell for?

AED 4,673,000 on 7 August 2019, sold by the developer: AED 2,267 per sqft for 2,061 sqft. It is the only registered sale of the unit.

What is the rent for unit 712?

AED 595,500 a year on the contract renewed on 1 September 2024. The previous contract, from September 2024, was AED 595,500; the unit has been rented since September 2019.

How big is unit 712?

2,061 sqft (191.5 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2019.

What is unit 712 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Bluewaters Residences 2 sold for AED 11,250,000 to 12,600,000 in the last 12 months, around AED 5,957 per sqft.

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Mortgage on 712, Bluewaters Residences 2

Starts from the last sale price (AED 4.67M, 7 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 4,673,000
Deposit, UAE resident (20%)
AED 934,600
Deposit, non-resident (40%)
AED 1,869,200
Monthly over 25 years at 3.7%
AED 19,119

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