4-bed · 2,459 sqftBluewaters Residences 3, Bluewaters Island · 6th floor · completed 2019

607, Bluewaters Residences 3

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 17 November 2022
Last soldAED 16M17 November 2022
Current rentAED 365K /yr30 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Bluewaters Residences 3

What is 607 worth today?

Last sold for AED 16,000,000 in 2022

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17 Nov 2022SoldReady
AED 16,000,000AED 6,507 per sqft
26 Aug 2022SoldReady
AED 6,200,000AED 2,521 per sqft
30 Jan 2022RentedRenewal
AED 365,000/yr12 months · AED 149 per sqft
30 Jan 2021RentedRenewal
AED 345,000/yr12 months · AED 141 per sqft
30 Jan 2020RentedNew contract
AED 365,000/yr12 months · AED 149 per sqft
5 Aug 2018Sold by developerOff-plan
AED 5,674,000AED 2,307 per sqft

Source: Dubai Land Department. Updated 17 November 2022.

Key facts

Type
4-bed apartment
Size
2,459 sqft
Floor
6th of 8
Parking
G311, G312
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 71,300 /yr
Last sold
AED 16M · November 2022

About 607, Bluewaters Residences 3

607 is a four-bedroom apartment of 2,459 sqft on the 6th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 17 November 2022 for AED 16,000,000, or AED 6,507 per sqft, 68% above the AED 3,867 four-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 30 January 2022, is AED 365,000 a year: a gross yield of 2.3% on the 2022 price, before the service charge of about AED 71,300 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical four-bed in Bluewaters Residences 3
5M10M15M201820202022Typical sale price by year: 2018 AED 5,590,000; 2019 AED 9,642,750; 2022 AED 14,150,000Sold by developer, August 2018: AED 5,674,000 (AED 2,307 per sqft)Sold, August 2022: AED 6,200,000 (AED 2,521 per sqft)Sold, November 2022: AED 16,000,000 (AED 6,507 per sqft)

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

Rents
Unit 607, each contractTypical four-bed in Bluewaters Residences 3
500K1M2020202220242026Typical rent by year: 2022 AED 625,000; 2023 AED 1,300,000; 2025 AED 470,000New contract, January 2020: AED 365,000 a yearRenewal, January 2021: AED 345,000 a yearRenewal, January 2022: AED 365,000 a year

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

4-beds in Bluewaters Residences 3, and where 607 sits

All 11 4-beds →

607 last sold in November 2022 at AED 6,507 per sqft, 68% above what four-beds in Bluewaters Residences 3 were fetching at the time (AED 3,867). Over the last 12 months four-beds sold for AED 19,450,000 to 36,000,000, around AED 6,613 per sqft, and rent for AED 1,760,000 to 1,760,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
18 Sep 202636,000,000
26 Jan 202619,450,000
31 Oct 202428,833,333
15 May 202429,000,000
2 4-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 6th floor

All 91 units in Bluewaters Residences 3
Value
6013-bedAED 4.91M · Oct 2019
6021-bedAED 2.65M · Aug 2017
6031-bedAED 2.63M · Jan 2018
6041-bedAED 2.43M · Dec 2017
6051-bedAED 5.83M · Jan 2026
6062-bedAED 3.35M · Dec 2019
6083-bedAED 6.25M · Feb 2022
1–7 of 10

607, Bluewaters Residences 3 in numbers

  • Sold 3 times: first on 5 August 2018 for AED 5,674,000, last on 17 November 2022 for AED 16,000,000 (AED 6,507 per sqft).
  • Rented since January 2020 on 3 Ejari contracts, at AED 365,000 a year.
  • At AED 365,000 a year the gross yield on the 2022 price is 2.3%, before a service charge of about AED 71,300 a year (AED 28.99 per sqft).
  • Four-beds in Bluewaters Residences 3 sold for AED 19,450,000–36,000,000 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 17 November 2022.

Questions about 607, Bluewaters Residences 3

What did unit 607 last sell for?

AED 16,000,000 on 17 November 2022: AED 6,507 per sqft for 2,459 sqft. The unit has 3 registered sales; the first was AED 5,674,000 in August 2018.

What is the rent for unit 607?

AED 365,000 a year on the contract renewed on 30 January 2022. The previous contract, from January 2021, was AED 345,000; the unit has been rented since January 2020.

How big is unit 607?

2,459 sqft (228.4 sqm): a four-bedroom apartment on the 6th floor of a 8-storey tower completed in 2019.

What is unit 607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Bluewaters Residences 3 sold for AED 19,450,000 to 36,000,000 in the last 12 months, around AED 6,613 per sqft.

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Mortgage on 607, Bluewaters Residences 3

Starts from the last sale price (AED 16M, 17 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 16,000,000
Deposit, UAE resident (20%)
AED 3,200,000
Deposit, non-resident (40%)
AED 6,400,000
Monthly over 25 years at 3.7%
AED 65,461

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