3-bed · 2,129 sqftBluewaters Residences 4, Bluewaters Island · 5th floor · completed 2019

501, Bluewaters Residences 4

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

Unit 501 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 8.7M11 August 2022
Current rentAED 550K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Bluewaters Residences 4

What is 501 worth today?

Last sold for AED 8,700,000 in 2022

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15 Aug 2024RentedNew contract
AED 550,000/yr12 months · AED 258 per sqft
11 Aug 2022SoldReady
AED 8,700,000AED 4,086 per sqft
11 Mar 2022RentedNew contract
AED 525,000/yr12 months · AED 247 per sqft
7 Mar 2021RentedNew contract
AED 300,000/yr12 months · AED 141 per sqft
7 Aug 2019Sold by developerReady
AED 4,812,000AED 2,260 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
3-bed apartment
Size
2,129 sqft
Floor
5th of 7
Parking
G264, G265
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 61,700 /yr
Last sold
AED 8.7M · August 2022

About 501, Bluewaters Residences 4

501 is a three-bedroom apartment of 2,129 sqft on the 5th floor of Bluewaters Residences 4, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 11 August 2022 for AED 8,700,000, or AED 4,086 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 15 August 2024, is AED 550,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 61,700 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, August 2019: AED 4,812,000 (AED 2,260 per sqft)Sold, August 2022: AED 8,700,000 (AED 4,086 per sqft)

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

Rents
Unit 501, 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, March 2021: AED 300,000 a yearNew contract, March 2022: AED 525,000 a yearNew contract, August 2024: AED 550,000 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 501 sits

All 18 3-beds →

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. 501's AED 550,000 is in the lower half 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 5th floor

All 78 units in Bluewaters Residences 4
Value
5021-bedAED 5M · Dec 2025
5031-bedAED 3.25M · Jun 2022
5041-bedAED 2.32M · Oct 2019
5051-bedAED 2.13M · Mar 2019
5062-bedAED 7.5M · Dec 2024
5074-bedAED 5.61M · Nov 2019
5083-bedAED 14.9M · Apr 2023
1–7 of 10

501, Bluewaters Residences 4 in numbers

  • Sold twice: first on 7 August 2019 for AED 4,812,000, last on 11 August 2022 for AED 8,700,000 (AED 4,086 per sqft).
  • Rented since March 2021 on 3 Ejari contracts, from AED 300,000 to AED 550,000 a year.
  • At AED 550,000 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 61,700 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 15 August 2024.

Questions about 501, Bluewaters Residences 4

What did unit 501 last sell for?

AED 8,700,000 on 11 August 2022: AED 4,086 per sqft for 2,129 sqft. The unit has 2 registered sales; the first was AED 4,812,000 in August 2019.

What is the rent for unit 501?

AED 550,000 a year on the contract signed on 15 August 2024. The previous contract, from March 2022, was AED 525,000; the unit has been rented since March 2021.

How big is unit 501?

2,129 sqft (197.8 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.

What is unit 501 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 501, Bluewaters Residences 4

Starts from the last sale price (AED 8.7M, 11 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,700,000
Deposit, UAE resident (20%)
AED 1,740,000
Deposit, non-resident (40%)
AED 3,480,000
Monthly over 25 years at 3.7%
AED 35,594

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