1-bed · 1,138 sqftBluewaters Residences 3, Bluewaters Island · 7th floor · completed 2019

704, Bluewaters Residences 3

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 4.5M31 January 2023
Current rentAED 280K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Bluewaters Residences 3

What is 704 worth today?

Last sold for AED 4,500,000 in 2023

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1 Oct 2026RentedNew contract
AED 280,000/yr12 months · AED 245 per sqft
15 Feb 2025RentedNew contract
AED 325,000/yr12 months · AED 285 per sqft
15 Feb 2025RentedNew contract
AED 325,000/yr12 months · AED 285 per sqft
7 Nov 2023RentedNew contract
AED 370,000/yr12 months · AED 324 per sqft
31 Jan 2023SoldReady
AED 4,500,000AED 3,953 per sqft
10 Feb 2022SoldReady
AED 3,000,000AED 2,635 per sqft
10 Sep 2021RentedRenewal
AED 115,500/yr10 months · AED 102 per sqft
10 Sep 2020RentedNew contract
AED 110,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
1,138 sqft
Floor
7th of 8
Parking
B188
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 33,000 /yr
Last sold
AED 4.5M · January 2023

About 704, Bluewaters Residences 3

704 is a one-bedroom apartment of 1,138 sqft on the 7th floor of Bluewaters Residences 3, a 8-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 31 January 2023 for AED 4,500,000, or AED 3,953 per sqft, 16% above the AED 3,397 one-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 1 October 2026, is AED 280,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Bluewaters Residences 3
2M4M6M2017202020232026Typical sale price by year: 2017 AED 2,559,000; 2018 AED 2,419,000; 2022 AED 3,721,500; 2023 AED 5,000,000; 2026 AED 5,500,000Sold by developer, December 2017: AED 2,457,000 (AED 2,158 per sqft)Sold, February 2022: AED 3,000,000 (AED 2,635 per sqft)Sold, January 2023: AED 4,500,000 (AED 3,953 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in Bluewaters Residences 3
200K400K201920222025Typical rent by year: 2019 AED 130,000; 2020 AED 135,000; 2021 AED 139,500; 2022 AED 200,000; 2023 AED 273,806; 2024 AED 300,000; 2025 AED 325,000; 2026 AED 295,000New contract, August 2019: AED 128,000 a yearNew contract, September 2020: AED 110,000 a yearRenewal, September 2021: AED 115,500 a yearNew contract, November 2023: AED 370,000 a yearNew contract, February 2025: AED 325,000 a yearNew contract, February 2025: AED 325,000 a yearNew contract, October 2026: AED 280,000 a year

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 704 sits

All 28 1-beds →

704 last sold in January 2023 at AED 3,953 per sqft, 16% above what one-beds in Bluewaters Residences 3 were fetching at the time (AED 3,397). 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. 704's AED 280,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jun 20265,225,000
19 Jun 20265,225,000
14 May 20264,000,000
17 Mar 20265,500,000
7 1-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 7th floor

All 91 units in Bluewaters Residences 3
Value
7013-bedAED 14.5M · Feb 2026
7021-bedAED 4.5M · Nov 2022
7031-bedAED 6.25M · Feb 2026
7051-bedAED 2.44M · Nov 2019
7062-bedAED 3.25M · Feb 2021
7074-bedAED 6M · Jul 2019
7083-bedAED 14.3M · Jan 2026
1–7 of 10

704, Bluewaters Residences 3 in numbers

  • Sold 3 times: first on 12 December 2017 for AED 2,457,000, last on 31 January 2023 for AED 4,500,000 (AED 3,953 per sqft).
  • Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 128,000 to AED 110,000 in 2020 and recovered to AED 280,000 by October 2026.
  • At AED 280,000 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 33,000 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 2026.

Questions about 704, Bluewaters Residences 3

What did unit 704 last sell for?

AED 4,500,000 on 31 January 2023: AED 3,953 per sqft for 1,138 sqft. The unit has 3 registered sales; the first was AED 2,457,000 in December 2017.

What is the rent for unit 704?

AED 280,000 a year on the contract signed on 1 October 2026. The previous contract, from February 2025, was AED 325,000; the unit has been rented since August 2019.

How big is unit 704?

1,138 sqft (105.7 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2019.

What is unit 704 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 704, Bluewaters Residences 3

Starts from the last sale price (AED 4.5M, 31 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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