1-bed · 1,307 sqftBluewaters Residences 4, Bluewaters Island · 6th floor · completed 2019

602, Bluewaters Residences 4

Sold prices and rental history: sold twice, last in May 2023, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 10 May 2023
Last soldAED 5.6M10 May 2023
Current rentAED 130K /yr30 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Bluewaters Residences 4

What is 602 worth today?

Last sold for AED 5,600,000 in 2023

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10 May 2023SoldReady
AED 5,600,000AED 4,285 per sqft
30 May 2021RentedNew contract
AED 130,000/yr12 months · AED 100 per sqft
27 Nov 2019Sold by developerReady
AED 2,803,000AED 2,145 per sqft

Source: Dubai Land Department. Updated 10 May 2023.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
6th of 7
Parking
B468
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 37,900 /yr
Last sold
AED 5.6M · May 2023

About 602, Bluewaters Residences 4

602 is a one-bedroom apartment of 1,307 sqft on the 6th floor of Bluewaters Residences 4, a 7-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 10 May 2023 for AED 5,600,000, or AED 4,285 per sqft, 50% above the AED 2,860 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 30 May 2021. The current contract, signed on 30 May 2021, is AED 130,000 a year: a gross yield of 2.3% on the 2023 price, before the service charge of about AED 37,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical one-bed in Bluewaters Residences 4
2M4M6M2019202120232025Typical sale price by year: 2019 AED 2,313,500; 2022 AED 3,180,000; 2023 AED 5,200,000; 2024 AED 3,525,000Sold by developer, November 2019: AED 2,803,000 (AED 2,145 per sqft)Sold, May 2023: AED 5,600,000 (AED 4,285 per sqft)

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

Rents
Unit 602, each contractTypical one-bed in Bluewaters Residences 4
100K200K20192021202320252027Typical rent by year: 2019 AED 117,500; 2020 AED 112,500; 2021 AED 120,375; 2022 AED 132,850; 2024 AED 235,000; 2025 AED 222,857; 2026 AED 245,000New contract, May 2021: AED 130,000 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 4, and where 602 sits

All 22 1-beds →

602 last sold in May 2023 at AED 4,285 per sqft, 50% above what one-beds in Bluewaters Residences 4 were fetching at the time (AED 2,860). Over the last 12 months one-beds sold for AED 4,400,000 to 5,000,000, around AED 3,847 per sqft, and rent for AED 160,000 to 285,000 a year. 602's AED 130,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Mar 20264,400,000
17 Dec 20255,000,000
13 Dec 20245,000,000
8 Nov 20243,200,000
2 1-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 6th floor

All 78 units in Bluewaters Residences 4
Value
6013-bedAED 14.4M · May 2024
6031-bedAED 3.2M · Jul 2022
6041-bedAED 3.5M · Nov 2022
6051-bedAED 1.95M · Oct 2020
6062-bedAED 4.5M · May 2022
6074-bedAED 5.66M · Nov 2019
6083-bedAED 4.65M · Nov 2019
1–7 of 10

602, Bluewaters Residences 4 in numbers

  • Sold twice: first on 27 November 2019 for AED 2,803,000, last on 10 May 2023 for AED 5,600,000 (AED 4,285 per sqft).
  • Rented since May 2021 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 2.3%, before a service charge of about AED 37,900 a year (AED 28.99 per sqft).
  • One-beds in Bluewaters Residences 4 sold for AED 4,400,000–5,000,000 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 10 May 2023.

Questions about 602, Bluewaters Residences 4

What did unit 602 last sell for?

AED 5,600,000 on 10 May 2023: AED 4,285 per sqft for 1,307 sqft. The unit has 2 registered sales; the first was AED 2,803,000 in November 2019.

What is the rent for unit 602?

AED 130,000 a year on the contract signed on 30 May 2021.

How big is unit 602?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower completed in 2019.

What is unit 602 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 4 sold for AED 4,400,000 to 5,000,000 in the last 12 months, around AED 3,847 per sqft.

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Mortgage on 602, Bluewaters Residences 4

Starts from the last sale price (AED 5.6M, 10 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,600,000
Deposit, UAE resident (20%)
AED 1,120,000
Deposit, non-resident (40%)
AED 2,240,000
Monthly over 25 years at 3.7%
AED 22,911

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