2-bed · 1,594 sqftBluewaters Residences 3, Bluewaters Island · 4th floor · completed 2019

409, Bluewaters Residences 3

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 31 January 2026
Last soldAED 3.64M6 November 2017
Current rentAED 515K /yr31 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Bluewaters Residences 3

What is 409 worth today?

Last sold for AED 3,644,000 in 2017

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31 Jan 2026RentedNew contract
AED 515,000/yr12 months · AED 323 per sqft
24 Nov 2024RentedRenewal
AED 525,000/yr12 months · AED 330 per sqft
24 Nov 2023RentedNew contract
AED 525,000/yr12 months · AED 330 per sqft
1 Apr 2022RentedNew contract
AED 320,000/yr12 months · AED 201 per sqft
10 Jul 2020RentedRenewal
AED 210,000/yr12 months · AED 132 per sqft
13 Jun 2019RentedNew contract
AED 230,000/yr13 months · AED 144 per sqft
7 Jun 2019RentedNew contract
AED 230,000/yr13 months · AED 144 per sqft
6 Nov 2017Sold by developerOff-plan
AED 3,644,000AED 2,286 per sqft

Source: Dubai Land Department. Updated 31 January 2026.

Key facts

Type
2-bed apartment
Size
1,594 sqft
Floor
4th of 8
Parking
B430
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 46,200 /yr
Last sold
AED 3.64M · November 2017

About 409, Bluewaters Residences 3

409 is a two-bedroom apartment of 1,594 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 6 November 2017 for AED 3,644,000, or AED 2,286 per sqft, in line with the AED 2,263 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 31 January 2026, is AED 515,000 a year: a gross yield of 14.1% on the 2017 price, before the service charge of about AED 46,200 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Bluewaters Residences 3
5M10M2017202020232026Typical sale price by year: 2017 AED 3,626,000; 2018 AED 3,390,000; 2019 AED 3,467,000; 2020 AED 3,511,000; 2021 AED 3,940,500; 2022 AED 5,600,000; 2023 AED 7,500,000; 2025 AED 9,650,000Sold by developer, November 2017: AED 3,644,000 (AED 2,286 per sqft)

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

Rents
Unit 409, each contractTypical two-bed in Bluewaters Residences 3
200K400K20192021202320252027Typical rent by year: 2019 AED 175,000; 2020 AED 186,625; 2021 AED 169,125; 2022 AED 300,000; 2023 AED 385,000; 2024 AED 462,500; 2025 AED 325,000; 2026 AED 375,000New contract, June 2019: AED 230,000 a yearNew contract, June 2019: AED 230,000 a yearRenewal, July 2020: AED 210,000 a yearNew contract, April 2022: AED 320,000 a yearNew contract, November 2023: AED 525,000 a yearRenewal, November 2024: AED 525,000 a yearNew contract, January 2026: AED 515,000 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 3, and where 409 sits

All 31 2-beds →

409 last sold in November 2017 at AED 2,286 per sqft, in line with what two-beds in Bluewaters Residences 3 were fetching at the time (AED 2,263). Over the last 12 months two-beds sold for AED 3,467,000 to 11,150,000, around AED 4,551 per sqft, and rent for AED 321,000 to 550,000 a year. 409's AED 515,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Dec 202511,150,000
11 Dec 20253,467,000
22 Oct 20259,650,000
23 Sep 202510,000,000
2 2-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
4051-bedAED 2.37M · Jul 2018
4062-bedAED 8.2M · May 2025
4074-bedAED 5.56M · Apr 2018
1–7 of 10

409, Bluewaters Residences 3 in numbers

  • Sold once: by Blue Waters Residential on 6 November 2017 for AED 3,644,000, or AED 2,286 per sqft.
  • Rented since June 2019 on 7 Ejari contracts, from AED 230,000 to AED 515,000 a year.
  • At AED 515,000 a year the gross yield on the 2017 price is 14.1%, before a service charge of about AED 46,200 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 3 sold for AED 3,467,000–11,150,000 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 31 January 2026.

Questions about 409, Bluewaters Residences 3

What did unit 409 last sell for?

AED 3,644,000 on 6 November 2017, sold by the developer: AED 2,286 per sqft for 1,594 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 515,000 a year on the contract signed on 31 January 2026. The previous contract, from November 2024, was AED 525,000; the unit has been rented since June 2019.

How big is unit 409?

1,594 sqft (148.1 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2019.

What is unit 409 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 3 sold for AED 3,467,000 to 11,150,000 in the last 12 months, around AED 4,551 per sqft.

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Mortgage on 409, Bluewaters Residences 3

Starts from the last sale price (AED 3.64M, 6 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,644,000
Deposit, UAE resident (20%)
AED 728,800
Deposit, non-resident (40%)
AED 1,457,600
Monthly over 25 years at 3.7%
AED 14,909

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