511, Bluewaters Residences 3
Sold prices and rental history: sold twice, last in August 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Bluewaters Residences 3
What is 511 worth today?
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Source: Dubai Land Department. Updated 9 February 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,023 sqft
- Floor
- 5th of 8
- Parking
- B293, B294
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 58,700 /yr
- Last sold
- AED 6.3M · August 2021
- Building
- Bluewaters Residences 3
About 511, Bluewaters Residences 3
511 is a three-bedroom apartment of 2,023 sqft on the 5th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 17 August 2021 for AED 6,300,000, or AED 3,113 per sqft, 35% above the AED 2,310 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 9 February 2024, is AED 512,500 a year: a gross yield of 8.1% on the 2021 price, before the service charge of about AED 58,700 a year.
Sales and rents for 511 over time
511 has sold twice; the dashed line is the three-bed median of each year in the building.
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 511 sits
All 21 3-beds →511 last sold in August 2021 at AED 3,113 per sqft, 35% above what three-beds in Bluewaters Residences 3 were fetching at the time (AED 2,310). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Feb 20265 February 2026 | 2,129 sqft | 14,500,000 | 6,811 | ||
| 12 Jan 202612 January 2026 | 2,033 sqft | 14,300,000 | 7,033 | ||
| 25 Dec 202525 December 2025 | 2,023 sqft | 12,150,000 | 6,005 | ||
| 11 Dec 202511 December 2025 | 2,129 sqft | 14,800,000 | 6,952 |
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 | |
| 505 | 1-bed | 1,133 sqft | AED 2.4MAED 2,395,000 · Jul 2018July 2018 | 280,000 /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, Bluewaters Residences 3 in numbers
- Sold twice: first on 2 July 2019 for AED 4,517,000, last on 17 August 2021 for AED 6,300,000 (AED 3,113 per sqft).
- Rented since August 2019 on 3 Ejari contracts. The rent fell from AED 235,000 to AED 200,000 in 2020 and recovered to AED 512,500 by February 2024.
- At AED 512,500 a year the gross yield on the 2021 price is 8.1%, before a service charge of about AED 58,700 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 9 February 2024.
Questions about 511, Bluewaters Residences 3
What did unit 511 last sell for?
AED 6,300,000 on 17 August 2021: AED 3,113 per sqft for 2,023 sqft. The unit has 2 registered sales; the first was AED 4,517,000 in July 2019.
What is the rent for unit 511?
AED 512,500 a year on the contract signed on 9 February 2024. The previous contract, from September 2020, was AED 200,000; the unit has been rented since August 2019.
How big is unit 511?
2,023 sqft (187.9 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2019.
What is unit 511 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 511, Bluewaters Residences 3
Starts from the last sale price (AED 6.3M, 17 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 6,300,000
- Deposit, UAE resident (20%)
- AED 1,260,000
- Deposit, non-resident (40%)
- AED 2,520,000
- Monthly over 25 years at 3.7%
- AED 25,775
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →