3-bed · 2,033 sqftBluewaters Residences 4, Bluewaters Island · 3rd floor · completed 2019

308, Bluewaters Residences 4

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 29 November 2022
Last soldAED 9.2M29 November 2022
Current rentAED 350K /yr26 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Bluewaters Residences 4

What is 308 worth today?

Last sold for AED 9,200,000 in 2022

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29 Nov 2022SoldReady
AED 9,200,000AED 4,525 per sqft
26 Jun 2022RentedRenewal
AED 350,000/yr12 months · AED 172 per sqft
26 Jun 2021RentedNew contract
AED 350,000/yr12 months · AED 172 per sqft
15 Dec 2020SoldReady
AED 4,850,000AED 2,385 per sqft
2 Sep 2019Sold by developerReady
AED 4,575,000AED 2,250 per sqft

Source: Dubai Land Department. Updated 29 November 2022.

Key facts

Type
3-bed apartment
Size
2,033 sqft
Floor
3rd of 7
Parking
B517, B518
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 58,900 /yr
Last sold
AED 9.2M · November 2022

About 308, Bluewaters Residences 4

308 is a three-bedroom apartment of 2,033 sqft on the 3rd floor of Bluewaters Residences 4, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 29 November 2022 for AED 9,200,000, or AED 4,525 per sqft, 11% above the AED 4,086 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 26 June 2022, is AED 350,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 58,900 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical three-bed in Bluewaters Residences 4
5M10M20192021202320252027Typical sale price by year: 2019 AED 4,610,500; 2020 AED 4,345,890; 2021 AED 4,750,000; 2022 AED 8,700,000; 2023 AED 10,600,000; 2026 AED 12,125,000Sold by developer, September 2019: AED 4,575,000 (AED 2,250 per sqft)Sold, December 2020: AED 4,850,000 (AED 2,385 per sqft)Sold, November 2022: AED 9,200,000 (AED 4,525 per sqft)

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

Rents
Unit 308, each contractTypical three-bed in Bluewaters Residences 4
200K400K600K2020202220242026Typical rent by year: 2020 AED 222,500; 2021 AED 300,000; 2022 AED 410,000; 2023 AED 448,842; 2024 AED 550,000; 2025 AED 600,000; 2026 AED 577,500New contract, June 2021: AED 350,000 a yearRenewal, June 2022: AED 350,000 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 4, and where 308 sits

All 18 3-beds →

308 last sold in November 2022 at AED 4,525 per sqft, 11% above what three-beds in Bluewaters Residences 4 were fetching at the time (AED 4,086). Over the last 12 months three-beds sold for AED 9,900,000 to 12,990,000, around AED 5,695 per sqft, and rent for AED 500,000 to 760,000 a year. 308's AED 350,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Jun 202612,990,000
6 Feb 202612,250,000
12 Jan 202612,000,000
8 Jan 20269,900,000
4 3-bed sales in the last 12 months

Bluewaters Residences 4

Building

78 apartments, 1-bed to 4-bed over 7 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 11 sold in the last 12 months.

Typical price per sqft
AED 5,754 Up 4.5%
Typical sale
AED 12M
Typical rent
AED 323K /yr
Typical yield
4.0%
Bluewaters Residences 4, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 78 units in Bluewaters Residences 4
Value
3013-bedAED 8.5M · May 2023
3021-bedAED 3.1M · Jun 2022
3031-bedAED 2.65M · May 2022
3041-bedAED 3.16M · Jul 2022
3051-bedAED 2.2M · Jul 2019
3062-bedAED 8.3M · Jun 2024
3074-bedAED 16M · Apr 2026
1–7 of 10

308, Bluewaters Residences 4 in numbers

  • Sold 3 times: first on 2 September 2019 for AED 4,575,000, last on 29 November 2022 for AED 9,200,000 (AED 4,525 per sqft).
  • Rented since June 2021 on 2 Ejari contracts, at AED 350,000 a year.
  • At AED 350,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 58,900 a year (AED 28.99 per sqft).
  • Three-beds in Bluewaters Residences 4 sold for AED 9,900,000–12,990,000 in the 12 months to November 2026; the building's median across all types is AED 5,754 per sqft.

Source: Dubai Land Department. Updated 29 November 2022.

Questions about 308, Bluewaters Residences 4

What did unit 308 last sell for?

AED 9,200,000 on 29 November 2022: AED 4,525 per sqft for 2,033 sqft. The unit has 3 registered sales; the first was AED 4,575,000 in September 2019.

What is the rent for unit 308?

AED 350,000 a year on the contract renewed on 26 June 2022. The previous contract, from June 2021, was AED 350,000.

How big is unit 308?

2,033 sqft (188.9 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2019.

What is unit 308 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 4 sold for AED 9,900,000 to 12,990,000 in the last 12 months, around AED 5,695 per sqft.

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Mortgage on 308, Bluewaters Residences 4

Starts from the last sale price (AED 9.2M, 29 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 9,200,000
Deposit, UAE resident (20%)
AED 1,840,000
Deposit, non-resident (40%)
AED 3,680,000
Monthly over 25 years at 3.7%
AED 37,640

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