3-bed · 2,033 sqftBluewaters Residences 3, Bluewaters Island · 6th floor · completed 2019

608, Bluewaters Residences 3

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 21 April 2024
Last soldAED 6.25M18 February 2022
Current rentAED 700K /yr21 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Bluewaters Residences 3

What is 608 worth today?

Last sold for AED 6,250,000 in 2022

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21 Apr 2024RentedRenewal
AED 700,000/yr12 months · AED 344 per sqft
21 Apr 2023RentedNew contract
AED 700,000/yr12 months · AED 344 per sqft
5 Oct 2022RentedNew contract
AED 625,000/yr12 months · AED 307 per sqft
18 Feb 2022SoldReady
AED 6,250,000AED 3,074 per sqft
18 Feb 2022RentedNew contract
AED 285,068/yr7 months · AED 140 per sqft
1 Feb 2021RentedNew contract
AED 265,000/yr12 months · AED 130 per sqft
19 Jul 2020RentedNew contract
AED 230,000/yr12 months · AED 113 per sqft
1 Nov 2019RentedNew contract
AED 292,000/yr12 months · AED 144 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type
3-bed apartment
Size
2,033 sqft
Floor
6th of 8
Parking
B263, B264
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 58,900 /yr
Last sold
AED 6.25M · February 2022

About 608, Bluewaters Residences 3

608 is a three-bedroom apartment of 2,033 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 18 February 2022 for AED 6,250,000, or AED 3,074 per sqft, in line with the AED 3,094 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 21 April 2024, is AED 700,000 a year: a gross yield of 11.2% on the 2022 price, before the service charge of about AED 58,900 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical three-bed in Bluewaters Residences 3
5M10M2017202020232026Typical sale price by year: 2017 AED 4,586,000; 2018 AED 4,751,000; 2019 AED 4,607,000; 2022 AED 7,275,000; 2023 AED 11,600,000; 2024 AED 12,000,000; 2025 AED 12,150,000Sold by developer, November 2017: AED 4,586,000 (AED 2,255 per sqft)Sold, February 2022: AED 6,250,000 (AED 3,074 per sqft)

608 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 608, each contractTypical three-bed in Bluewaters Residences 3
250K500K750K2019202120232025Typical rent by year: 2019 AED 240,000; 2020 AED 230,000; 2021 AED 244,654; 2022 AED 390,000; 2023 AED 449,566; 2025 AED 390,000New contract, November 2019: AED 292,000 a yearNew contract, July 2020: AED 230,000 a yearNew contract, February 2021: AED 265,000 a yearNew contract, February 2022: AED 285,068 a yearNew contract, October 2022: AED 625,000 a yearNew contract, April 2023: AED 700,000 a yearRenewal, April 2024: AED 700,000 a year

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 608 sits

All 21 3-beds →

608 last sold in February 2022 at AED 3,074 per sqft, in line with what three-beds in Bluewaters Residences 3 were fetching at the time (AED 3,094). 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 salesUnit no.Price (AED)Summary
5 Feb 202614,500,000
12 Jan 202614,300,000
25 Dec 202512,150,000
11 Dec 202514,800,000
4 3-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
6074-bedAED 16M · Nov 2022
1–7 of 10

608, Bluewaters Residences 3 in numbers

  • Sold twice: first on 14 November 2017 for AED 4,586,000, last on 18 February 2022 for AED 6,250,000 (AED 3,074 per sqft).
  • Rented since November 2019 on 7 Ejari contracts. The rent fell from AED 292,000 to AED 230,000 in 2020 and recovered to AED 700,000 by April 2024.
  • At AED 700,000 a year the gross yield on the 2022 price is 11.2%, before a service charge of about AED 58,900 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 21 April 2024.

Questions about 608, Bluewaters Residences 3

What did unit 608 last sell for?

AED 6,250,000 on 18 February 2022: AED 3,074 per sqft for 2,033 sqft. The unit has 2 registered sales; the first was AED 4,586,000 in November 2017.

What is the rent for unit 608?

AED 700,000 a year on the contract renewed on 21 April 2024. The previous contract, from April 2023, was AED 700,000; the unit has been rented since November 2019.

How big is unit 608?

2,033 sqft (188.9 sqm): a three-bedroom apartment on the 6th floor of a 8-storey tower completed in 2019.

What is unit 608 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 608, Bluewaters Residences 3

Starts from the last sale price (AED 6.25M, 18 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,250,000
Deposit, UAE resident (20%)
AED 1,250,000
Deposit, non-resident (40%)
AED 2,500,000
Monthly over 25 years at 3.7%
AED 25,571

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