3-bed · 2,033 sqftBluewaters Residences 5, Bluewaters Island · 3rd floor · completed 2019

308, Bluewaters Residences 5

Sold prices and rental history: sold twice, last in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 6 June 2022
Last soldAED 8.3M6 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Bluewaters Residences 5

What is 308 worth today?

Last sold for AED 8,300,000 in 2022

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6 Jun 2022SoldReady
AED 8,300,000AED 4,082 per sqft
21 Oct 2019Sold by developerReady
AED 4,647,000AED 2,285 per sqft

Source: Dubai Land Department. Updated 6 June 2022.

Key facts

Type
3-bed apartment
Size
2,033 sqft
Floor
3rd of 6
Parking
B744, B746
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 58,900 /yr
Last sold
AED 8.3M · June 2022

About 308, Bluewaters Residences 5

308 is a three-bedroom apartment of 2,033 sqft on the 3rd floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 6 June 2022 for AED 8,300,000, or AED 4,082 per sqft, 31% above the AED 3,118 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical three-bed in Bluewaters Residences 5
4M6M8M20192020202120222023Typical sale price by year: 2019 AED 4,517,000; 2020 AED 4,184,000; 2022 AED 7,240,000Sold by developer, October 2019: AED 4,647,000 (AED 2,285 per sqft)Sold, June 2022: AED 8,300,000 (AED 4,082 per sqft)

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

Rents
Unit 308, each contractTypical three-bed in Bluewaters Residences 5
200K400K600K2020202220242026Typical rent by year: 2020 AED 200,000; 2021 AED 228,000; 2022 AED 550,000; 2024 AED 550,000; 2025 AED 550,000; 2026 AED 503,182

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 5, and where 308 sits

All 15 3-beds →

308 last sold in June 2022 at AED 4,082 per sqft, 31% above what three-beds in Bluewaters Residences 5 were fetching at the time (AED 3,118). Over the last 12 months three-beds sold for AED 10,250,000, around AED 4,812 per sqft, and rent for AED 120,000 to 650,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Dec 202510,250,000
21 Jun 202415,500,000
30 Nov 202312,200,000
29 Nov 20228,850,000
1 3-bed sale 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
3031-bedAED 2.34M · Sep 2019
3041-bedAED 3.25M · Sep 2022
3051-bedAED 2.43M · Oct 2019
3062-bedAED 9.7M · Jun 2024
3074-bedAED 9.5M · Feb 2022
1–7 of 10

308, Bluewaters Residences 5 in numbers

  • Sold twice: first on 21 October 2019 for AED 4,647,000, last on 6 June 2022 for AED 8,300,000 (AED 4,082 per sqft).
  • Three-beds in Bluewaters Residences 5 sold for AED 10,250,000–10,250,000 in the 12 months to November 2026; the building's median across all types is AED 4,667 per sqft.

Source: Dubai Land Department. Updated 6 June 2022.

Questions about 308, Bluewaters Residences 5

What did unit 308 last sell for?

AED 8,300,000 on 6 June 2022: AED 4,082 per sqft for 2,033 sqft. The unit has 2 registered sales; the first was AED 4,647,000 in October 2019.

How big is unit 308?

2,033 sqft (188.9 sqm): a three-bedroom apartment on the 3rd floor of a 6-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 5 sold for AED 10,250,000 to 10,250,000 in the last 12 months, around AED 4,812 per sqft.

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Mortgage on 308, Bluewaters Residences 5

Starts from the last sale price (AED 8.3M, 6 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,300,000
Deposit, UAE resident (20%)
AED 1,660,000
Deposit, non-resident (40%)
AED 3,320,000
Monthly over 25 years at 3.7%
AED 33,958

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