505, Bluewaters Residences 3
Sold prices and rental history: sold once, by the developer in July 2018, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Bluewaters Residences 3
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 1,133 sqft
- Floor
- 5th of 8
- Parking
- B259
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 32,900 /yr
- Last sold
- AED 2.4M · July 2018
- Building
- Bluewaters Residences 3
About 505, Bluewaters Residences 3
505 is a one-bedroom apartment of 1,133 sqft on the 5th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 11 July 2018 for AED 2,395,000, or AED 2,113 per sqft, in line with the AED 2,136 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2022. The current contract, signed on 1 October 2022, is AED 280,000 a year: a gross yield of 11.7% on the 2018 price, before the service charge of about AED 32,900 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
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 505 sits
All 28 1-beds →505 last sold in July 2018 at AED 2,113 per sqft, in line with what one-beds in Bluewaters Residences 3 were fetching at the time (AED 2,136). 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. 505's AED 280,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jun 202619 June 2026 | 1,138 sqft | 5,225,000 | 4,590 | ||
| 19 Jun 202619 June 2026 | 1,138 sqft | 5,225,000 | 4,590 | ||
| 14 May 202614 May 2026 | 821 sqft | 4,000,000 | 4,872 | ||
| 17 Mar 202617 March 2026 | 1,138 sqft | 5,500,000 | 4,834 |
Bluewaters Residences 3
Building91 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%
Other units on the 5th floor
All 91 units in Bluewaters Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,129 sqft | AED 12.69MAED 12,690,000 · Nov 2023November 2023 | 830,000 /yr | |
| 502 | 1-bed | 1,307 sqft | AED 5.05MAED 5,050,000 · May 2023May 2023 | 135,000 /yr | |
| 503 | 1-bed | 1,119 sqft | AED 5.88MAED 5,875,000 · Apr 2024April 2024 | 290,000 /yr | |
| 504 | 1-bed | 1,138 sqft | AED 5.5MAED 5,500,000 · Mar 2026March 2026 | 120,000 /yr | |
| 506 | 2-bed | 1,641 sqft | AED 3.54MAED 3,537,000 · Jun 2018June 2018 | ||
| 507 | 4-bed | 2,459 sqft | AED 12.3MAED 12,300,000 · Jul 2022July 2022 | 1,300,000 /yr | |
| 508 | 3-bed | 2,033 sqft | AED 4.54MAED 4,540,000 · Feb 2018February 2018 | ||
| 509 | 2-bed | 1,595 sqft | AED 3.68MAED 3,681,000 · Oct 2017October 2017 | 375,000 /yr | |
| 510 | 2-bed | 1,450 sqft | AED 3.36MAED 3,356,000 · Jul 2018July 2018 | 213,840 /yr | |
| 511 | 3-bed | 2,023 sqft | AED 6.3MAED 6,300,000 · Aug 2021August 2021 | 512,500 /yr |
505, Bluewaters Residences 3 in numbers
- Sold once: by Blue Waters Residential on 11 July 2018 for AED 2,395,000, or AED 2,113 per sqft.
- Rented since October 2022 on one Ejari contract, at AED 280,000 a year.
- At AED 280,000 a year the gross yield on the 2018 price is 11.7%, before a service charge of about AED 32,900 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 October 2022.
Questions about 505, Bluewaters Residences 3
What did unit 505 last sell for?
AED 2,395,000 on 11 July 2018, sold by the developer: AED 2,113 per sqft for 1,133 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 280,000 a year on the contract signed on 1 October 2022.
How big is unit 505?
1,133 sqft (105.3 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2019.
What is unit 505 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 505, Bluewaters Residences 3
Starts from the last sale price (AED 2.4M, 11 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,395,000
- Deposit, UAE resident (20%)
- AED 479,000
- Deposit, non-resident (40%)
- AED 958,000
- Monthly over 25 years at 3.7%
- AED 9,799
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →