1-bed · 1,133 sqftBluewaters Residences 3, Bluewaters Island · 4th floor · completed 2019

405, Bluewaters Residences 3

Sold prices and rental history: sold once, by the developer in July 2018, and rented once, from October 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 12 October 2020
Last soldAED 2.37M2 July 2018
Current rentAED 115K /yr12 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Bluewaters Residences 3

What is 405 worth today?

Last sold for AED 2,371,000 in 2018

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12 Oct 2020RentedNew contract
AED 115,000/yr12 months · AED 102 per sqft
2 Jul 2018Sold by developerOff-plan
AED 2,371,000AED 2,092 per sqft

Source: Dubai Land Department. Updated 12 October 2020.

Key facts

Type
1-bed apartment
Size
1,133 sqft
Floor
4th of 8
Parking
B258
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 32,800 /yr
Last sold
AED 2.37M · July 2018

About 405, Bluewaters Residences 3

405 is a one-bedroom apartment of 1,133 sqft on the 4th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 2 July 2018 for AED 2,371,000, or AED 2,092 per sqft, in line with the AED 2,148 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 October 2020. The current contract, signed on 12 October 2020, is AED 115,000 a year: a gross yield of 4.9% on the 2018 price, before the service charge of about AED 32,800 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, July 2018: AED 2,371,000 (AED 2,092 per sqft)

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

Rents
Unit 405, 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, October 2020: AED 115,000 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 405 sits

All 28 1-beds →

405 last sold in July 2018 at AED 2,092 per sqft, in line with what one-beds in Bluewaters Residences 3 were fetching at the time (AED 2,148). 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. 405's AED 115,000 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
4031-bedAED 4M · Feb 2023
4041-bedAED 5.23M · Jun 2026
4062-bedAED 8.2M · May 2025
4074-bedAED 5.56M · Apr 2018
4083-bedAED 4.5M · Nov 2017
1–7 of 10

405, Bluewaters Residences 3 in numbers

  • Sold once: by Blue Waters Residential on 2 July 2018 for AED 2,371,000, or AED 2,092 per sqft.
  • Rented since October 2020 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2018 price is 4.9%, before a service charge of about AED 32,800 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 12 October 2020.

Questions about 405, Bluewaters Residences 3

What did unit 405 last sell for?

AED 2,371,000 on 2 July 2018, sold by the developer: AED 2,092 per sqft for 1,133 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 115,000 a year on the contract signed on 12 October 2020.

How big is unit 405?

1,133 sqft (105.3 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2019.

What is unit 405 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 405, Bluewaters Residences 3

Starts from the last sale price (AED 2.37M, 2 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,371,000
Deposit, UAE resident (20%)
AED 474,200
Deposit, non-resident (40%)
AED 948,400
Monthly over 25 years at 3.7%
AED 9,700

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