1-bed · 1,119 sqftBluewaters Residences 5, Bluewaters Island · 3rd floor · completed 2019

303, Bluewaters Residences 5

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 21 March 2023
Last soldAED 2.34M9 September 2019
Current rentAED 260K /yr21 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Bluewaters Residences 5

What is 303 worth today?

Last sold for AED 2,339,000 in 2019

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21 Mar 2023RentedNew contract
AED 260,000/yr12 months · AED 232 per sqft
20 Feb 2021RentedNew contract
AED 135,000/yr12 months · AED 121 per sqft
9 Sep 2019Sold by developerReady
AED 2,339,000AED 2,091 per sqft

Source: Dubai Land Department. Updated 21 March 2023.

Key facts

Type
1-bed apartment
Size
1,119 sqft
Floor
3rd of 6
Parking
G303
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 32,400 /yr
Last sold
AED 2.34M · September 2019

About 303, Bluewaters Residences 5

303 is a one-bedroom apartment of 1,119 sqft on the 3rd floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 9 September 2019 for AED 2,339,000, or AED 2,091 per sqft, in line with the AED 2,091 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 21 March 2023, is AED 260,000 a year: a gross yield of 11.1% on the 2019 price, before the service charge of about AED 32,400 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical one-bed in Bluewaters Residences 5
2M4M2019202120232025Typical sale price by year: 2019 AED 2,408,000; 2021 AED 2,463,500; 2022 AED 3,275,000; 2023 AED 4,950,000; 2024 AED 4,950,000Sold by developer, September 2019: AED 2,339,000 (AED 2,091 per sqft)

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

Rents
Unit 303, each contractTypical one-bed in Bluewaters Residences 5
100K200K300K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 120,000; 2021 AED 130,000; 2022 AED 195,000; 2023 AED 240,000; 2024 AED 315,000; 2025 AED 310,000; 2026 AED 300,000New contract, February 2021: AED 135,000 a yearNew contract, March 2023: AED 260,000 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 5, and where 303 sits

All 20 1-beds →

303 last sold in September 2019 at AED 2,091 per sqft, in line with what one-beds in Bluewaters Residences 5 were fetching at the time (AED 2,091). 303's AED 260,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jan 20254,800,000
7 Nov 20244,950,000
31 Oct 20245,500,000
12 Jun 20243,980,000
0 1-bed sales in the last 12 months

Bluewaters Residences 5

Building

69 apartments, 1-bed to 4-bed over 6 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 5 sold in the last 12 months.

Typical price per sqft
AED 4,667
Typical sale
AED 7.65M
Typical rent
AED 320K /yr
Typical yield
5.5%
Bluewaters Residences 5, Bluewaters Island: prices, sales and rents →

Other units on the 3rd floor

All 69 units in Bluewaters Residences 5
Value
3013-bedAED 7.18M · Nov 2022
3021-bedAED 4.1M · Nov 2022
3041-bedAED 3.25M · Sep 2022
3051-bedAED 2.43M · Oct 2019
3062-bedAED 9.7M · Jun 2024
3074-bedAED 9.5M · Feb 2022
3083-bedAED 8.3M · Jun 2022
1–7 of 10

303, Bluewaters Residences 5 in numbers

  • Sold once: by Blue Waters Residential on 9 September 2019 for AED 2,339,000, or AED 2,091 per sqft.
  • Rented since February 2021 on 2 Ejari contracts, from AED 135,000 to AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2019 price is 11.1%, before a service charge of about AED 32,400 a year (AED 28.99 per sqft).

Source: Dubai Land Department. Updated 21 March 2023.

Questions about 303, Bluewaters Residences 5

What did unit 303 last sell for?

AED 2,339,000 on 9 September 2019, sold by the developer: AED 2,091 per sqft for 1,119 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 260,000 a year on the contract signed on 21 March 2023. The previous contract, from February 2021, was AED 135,000.

How big is unit 303?

1,119 sqft (104.0 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2019.

What is unit 303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 303, Bluewaters Residences 5

Starts from the last sale price (AED 2.34M, 9 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,339,000
Deposit, UAE resident (20%)
AED 467,800
Deposit, non-resident (40%)
AED 935,600
Monthly over 25 years at 3.7%
AED 9,570

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