3-bed · 2,033 sqftBluewaters Residences 3, Bluewaters Island · 3rd floor · completed 2019

308, Bluewaters Residences 3

Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 9.6M31 January 2023
Current rentAED 390K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Bluewaters Residences 3

What is 308 worth today?

Last sold for AED 9,600,000 in 2023

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1 Feb 2023RentedNew contract
AED 390,000/yr12 months · AED 192 per sqft
31 Jan 2023SoldReady
AED 9,600,000AED 4,721 per sqft
1 Feb 2022RentedNew contract
AED 390,000/yr12 months · AED 192 per sqft
7 Sep 2020RentedRenewal
AED 245,000/yr12 months · AED 120 per sqft
7 Sep 2019RentedNew contract
AED 245,000/yr12 months · AED 120 per sqft
13 Jun 2018Sold by developerOff-plan
AED 4,451,000AED 2,189 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
3-bed apartment
Size
2,033 sqft
Floor
3rd of 8
Parking
G307, G308
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 58,900 /yr
Last sold
AED 9.6M · January 2023

About 308, Bluewaters Residences 3

308 is a three-bedroom apartment of 2,033 sqft on the 3rd floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 31 January 2023 for AED 9,600,000, or AED 4,721 per sqft, 36% above the AED 3,476 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 February 2023, is AED 390,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 58,900 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical three-bed in Bluewaters Residences 3
5M10M2017202020232026Typical sale price by year: 2017 AED 4,586,000; 2018 AED 4,751,000; 2019 AED 4,607,000; 2022 AED 7,275,000; 2023 AED 11,600,000; 2024 AED 12,000,000; 2025 AED 12,150,000Sold by developer, June 2018: AED 4,451,000 (AED 2,189 per sqft)Sold, January 2023: AED 9,600,000 (AED 4,721 per sqft)

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

Rents
Unit 308, each contractTypical three-bed in Bluewaters Residences 3
200K300K400K2019202120232025Typical rent by year: 2019 AED 240,000; 2020 AED 230,000; 2021 AED 244,654; 2022 AED 390,000; 2023 AED 449,566; 2025 AED 390,000New contract, September 2019: AED 245,000 a yearRenewal, September 2020: AED 245,000 a yearNew contract, February 2022: AED 390,000 a yearNew contract, February 2023: AED 390,000 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 3, and where 308 sits

All 21 3-beds →

308 last sold in January 2023 at AED 4,721 per sqft, 36% above what three-beds in Bluewaters Residences 3 were fetching at the time (AED 3,476). Over the last 12 months three-beds sold for AED 12,150,000 to 14,800,000, around AED 6,882 per sqft, and rent for AED 475,000 to 475,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Feb 202614,500,000
12 Jan 202614,300,000
25 Dec 202512,150,000
11 Dec 202514,800,000
4 3-bed sales in the last 12 months

Bluewaters Residences 3

Building

91 apartments, 1-bed to 4-bed over 8 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 15 sold in the last 12 months.

Typical price per sqft
AED 5,346 Down 8.8%
Typical sale
AED 6.25M
Typical rent
AED 368K /yr
Typical yield
4.8%
Bluewaters Residences 3, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 91 units in Bluewaters Residences 3
Value
3013-bedAED 11.3M · Jun 2025
3021-bedAED 5M · Feb 2023
3031-bedAED 5.98M · Jan 2026
3041-bedAED 2.36M · Jul 2018
3051-bedAED 2.35M · Aug 2018
3062-bedAED 3.47M · Dec 2025
3074-bedAED 5.51M · Apr 2018
1–7 of 10

308, Bluewaters Residences 3 in numbers

  • Sold twice: first on 13 June 2018 for AED 4,451,000, last on 31 January 2023 for AED 9,600,000 (AED 4,721 per sqft).
  • Rented since September 2019 on 4 Ejari contracts, from AED 245,000 to AED 390,000 a year.
  • At AED 390,000 a year the gross yield on the 2023 price is 4.1%, before a service charge of about AED 58,900 a year (AED 28.99 per sqft).
  • Three-beds in Bluewaters Residences 3 sold for AED 12,150,000–14,800,000 in the 12 months to November 2026; the building's median across all types is AED 5,346 per sqft.

Source: Dubai Land Department. Updated 1 February 2023.

Questions about 308, Bluewaters Residences 3

What did unit 308 last sell for?

AED 9,600,000 on 31 January 2023: AED 4,721 per sqft for 2,033 sqft. The unit has 2 registered sales; the first was AED 4,451,000 in June 2018.

What is the rent for unit 308?

AED 390,000 a year on the contract signed on 1 February 2023. The previous contract, from February 2022, was AED 390,000; the unit has been rented since September 2019.

How big is unit 308?

2,033 sqft (188.9 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2019.

What is unit 308 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 3 sold for AED 12,150,000 to 14,800,000 in the last 12 months, around AED 6,882 per sqft.

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Mortgage on 308, Bluewaters Residences 3

Starts from the last sale price (AED 9.6M, 31 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,600,000
Deposit, UAE resident (20%)
AED 1,920,000
Deposit, non-resident (40%)
AED 3,840,000
Monthly over 25 years at 3.7%
AED 39,277

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