506, Bluewaters Residences 4
Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Bluewaters Residences 4
What is 506 worth today?
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Source: Dubai Land Department. Updated 19 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,641 sqft
- Floor
- 5th of 7
- Parking
- B514
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 47,600 /yr
- Last sold
- AED 7.5M · December 2024
- Building
- Bluewaters Residences 4
About 506, Bluewaters Residences 4
506 is a two-bedroom apartment of 1,641 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 19 December 2024 for AED 7,500,000, or AED 4,569 per sqft, 12% below the AED 5,195 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 10 July 2021, is AED 220,000 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 47,600 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Bluewaters Residences 4, and where 506 sits
All 28 2-beds →506 last sold in December 2024 at AED 4,569 per sqft, 12% below what two-beds in Bluewaters Residences 4 were fetching at the time (AED 5,195). Over the last 12 months two-beds sold for AED 9,800,000 to 10,100,000, around AED 6,159 per sqft, and rent for AED 85,000 to 560,000 a year. 506's AED 220,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Mar 202617 March 2026 | 1,641 sqft | 9,800,000 | 5,972 | ||
| 24 Feb 202624 February 2026 | 1,592 sqft | 10,100,000 | 6,346 | ||
| 20 Oct 202520 October 2025 | 1,845 sqft | 10,100,000 | 5,472 | ||
| 7 Apr 20257 April 2025 | 1,461 sqft | 10,000,000 | 6,844 |
Bluewaters Residences 4
Building78 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 320K /yr
- Typical yield
- 4.0%
Other units on the 5th floor
All 78 units in Bluewaters Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,129 sqft | AED 8.7MAED 8,700,000 · Aug 2022August 2022 | 550,000 /yr | |
| 502 | 1-bed | 1,307 sqft | AED 5MAED 5,000,000 · Dec 2025December 2025 | ||
| 503 | 1-bed | 1,119 sqft | AED 3.25MAED 3,250,000 · Jun 2022June 2022 | 222,857 /yr | |
| 504 | 1-bed | 1,139 sqft | AED 2.32MAED 2,317,000 · Oct 2019October 2019 | ||
| 505 | 1-bed | 1,133 sqft | AED 2.13MAED 2,126,000 · Mar 2019March 2019 | 220,000 /yr | |
| 507 | 4-bed | 2,459 sqft | AED 5.61MAED 5,607,000 · Nov 2019November 2019 | 850,000 /yr | |
| 508 | 3-bed | 2,033 sqft | AED 14.9MAED 14,900,000 · Apr 2023April 2023 | 250,000 /yr | |
| 509 | 2-bed | 1,592 sqft | AED 11MAED 11,000,000 · Feb 2025February 2025 | 535,000 /yr | |
| 510 | 2-bed | 1,450 sqft | AED 3.35MAED 3,350,000 · Apr 2021April 2021 | ||
| 511 | 3-bed | 2,023 sqft | AED 4.33MAED 4,331,000 · Jun 2019June 2019 | 577,500 /yr |
506, Bluewaters Residences 4 in numbers
- Sold 3 times: first on 17 March 2019 for AED 3,406,000, last on 19 December 2024 for AED 7,500,000 (AED 4,569 per sqft).
- Rented since April 2020 on 2 Ejari contracts, from AED 160,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2024 price is 2.9%, before a service charge of about AED 47,600 a year (AED 28.99 per sqft).
- Two-beds in Bluewaters Residences 4 sold for AED 9,800,000–10,100,000 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 19 December 2024.
Questions about 506, Bluewaters Residences 4
What did unit 506 last sell for?
AED 7,500,000 on 19 December 2024: AED 4,569 per sqft for 1,641 sqft. The unit has 3 registered sales; the first was AED 3,406,000 in March 2019.
What is the rent for unit 506?
AED 220,000 a year on the contract signed on 10 July 2021. The previous contract, from April 2020, was AED 160,000.
How big is unit 506?
1,641 sqft (152.5 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2019.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Bluewaters Residences 4 sold for AED 9,800,000 to 10,100,000 in the last 12 months, around AED 6,159 per sqft.
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Mortgage on 506, Bluewaters Residences 4
Starts from the last sale price (AED 7.5M, 19 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 7,500,000
- Deposit, UAE resident (20%)
- AED 1,500,000
- Deposit, non-resident (40%)
- AED 3,000,000
- Monthly over 25 years at 3.7%
- AED 30,685
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →