1-bed · 1,119 sqftBluewaters Residences 3, Bluewaters Island · 4th floor · completed 2019

403, Bluewaters Residences 3

Sold prices and rental history: sold 3 times, last in February 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 4M6 February 2023
Current rentAED 171K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Bluewaters Residences 3

What is 403 worth today?

Last sold for AED 4,000,000 in 2023

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1 Sep 2023RentedRenewal
AED 170,500/yr6 months · AED 152 per sqft
6 Feb 2023SoldReady
AED 4,000,000AED 3,575 per sqft
1 Sep 2022RentedNew contract
AED 155,000/yr12 months · AED 139 per sqft
23 Mar 2022SoldReady
AED 3,200,000AED 2,860 per sqft
1 Sep 2021RentedNew contract
AED 155,000/yr12 months · AED 138 per sqft
4 Mar 2018Sold by developerOff-plan
AED 2,576,000AED 2,302 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
1-bed apartment
Size
1,119 sqft
Floor
4th of 8
Parking
G227
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 32,400 /yr
Last sold
AED 4M · February 2023

About 403, Bluewaters Residences 3

403 is a one-bedroom apartment of 1,119 sqft on the 4th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 6 February 2023 for AED 4,000,000, or AED 3,575 per sqft, 4% above the AED 3,441 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 170,500 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 32,400 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical one-bed in Bluewaters Residences 3
2M4M6M2017202020232026Typical sale price by year: 2017 AED 2,559,000; 2018 AED 2,419,000; 2022 AED 3,721,500; 2023 AED 5,000,000; 2026 AED 5,500,000Sold by developer, March 2018: AED 2,576,000 (AED 2,302 per sqft)Sold, March 2022: AED 3,200,000 (AED 2,860 per sqft)Sold, February 2023: AED 4,000,000 (AED 3,575 per sqft)

403 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 403, each contractTypical one-bed in Bluewaters Residences 3
100K200K300K20192021202320252027Typical rent by year: 2019 AED 130,000; 2020 AED 135,000; 2021 AED 139,500; 2022 AED 200,000; 2023 AED 273,806; 2024 AED 300,000; 2025 AED 325,000; 2026 AED 295,000New contract, September 2021: AED 155,000 a yearNew contract, September 2022: AED 155,000 a yearRenewal, September 2023: AED 170,500 a year

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

1-beds in Bluewaters Residences 3, and where 403 sits

All 28 1-beds →

403 last sold in February 2023 at AED 3,575 per sqft, 4% above what one-beds in Bluewaters Residences 3 were fetching at the time (AED 3,441). Over the last 12 months one-beds sold for AED 4,000,000 to 6,250,000, around AED 4,872 per sqft, and rent for AED 240,000 to 400,000 a year. 403's AED 170,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jun 20265,225,000
19 Jun 20265,225,000
14 May 20264,000,000
17 Mar 20265,500,000
7 1-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 4th floor

All 91 units in Bluewaters Residences 3
Value
4013-bedAED 4.82M · Nov 2019
4021-bedAED 2.59M · Sep 2017
4041-bedAED 5.23M · Jun 2026
4051-bedAED 2.37M · Jul 2018
4062-bedAED 8.2M · May 2025
4074-bedAED 5.56M · Apr 2018
4083-bedAED 4.5M · Nov 2017
1–7 of 10

403, Bluewaters Residences 3 in numbers

  • Sold 3 times: first on 4 March 2018 for AED 2,576,000, last on 6 February 2023 for AED 4,000,000 (AED 3,575 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 155,000 to AED 170,500 a year.
  • At AED 170,500 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 32,400 a year (AED 28.99 per sqft).
  • One-beds in Bluewaters Residences 3 sold for AED 4,000,000–6,250,000 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 September 2023.

Questions about 403, Bluewaters Residences 3

What did unit 403 last sell for?

AED 4,000,000 on 6 February 2023: AED 3,575 per sqft for 1,119 sqft. The unit has 3 registered sales; the first was AED 2,576,000 in March 2018.

What is the rent for unit 403?

AED 170,500 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 155,000; the unit has been rented since September 2021.

How big is unit 403?

1,119 sqft (104.0 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2019.

What is unit 403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bluewaters Residences 3 sold for AED 4,000,000 to 6,250,000 in the last 12 months, around AED 4,872 per sqft.

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Mortgage on 403, Bluewaters Residences 3

Starts from the last sale price (AED 4M, 6 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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