2-bed · 1,594 sqftBluewaters Residences 5, Bluewaters Island · 3rd floor · completed 2019

309, Bluewaters Residences 5

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

Unit 309 · DLD and Ejari recordsUpdated 18 March 2022
Last soldAED 5.8M18 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Bluewaters Residences 5

What is 309 worth today?

Last sold for AED 5,800,000 in 2022

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18 Mar 2022SoldReady
AED 5,800,000AED 3,638 per sqft
15 Aug 2019Sold by developerReady
AED 3,282,250AED 2,058 per sqft

Source: Dubai Land Department. Updated 18 March 2022.

Key facts

Type
2-bed apartment
Size
1,594 sqft
Floor
3rd of 6
Parking
B739
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 46,200 /yr
Last sold
AED 5.8M · March 2022

About 309, Bluewaters Residences 5

309 is a two-bedroom apartment of 1,594 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 18 March 2022 for AED 5,800,000, or AED 3,638 per sqft, 17% above the AED 3,106 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical two-bed in Bluewaters Residences 5
2.5M5M7.5M20192021202320252027Typical sale price by year: 2019 AED 3,379,000; 2020 AED 2,986,000; 2021 AED 3,337,350; 2022 AED 5,500,000; 2023 AED 6,350,000; 2024 AED 7,350,000; 2025 AED 7,800,000; 2026 AED 7,650,000Sold by developer, August 2019: AED 3,282,250 (AED 2,058 per sqft)Sold, March 2022: AED 5,800,000 (AED 3,638 per sqft)

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

Rents
Unit 309, each contractTypical two-bed in Bluewaters Residences 5
200K400K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 160,000; 2021 AED 210,000; 2022 AED 270,000; 2023 AED 330,000; 2024 AED 430,000; 2025 AED 425,475; 2026 AED 472,500

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 5, and where 309 sits

All 25 2-beds →

309 last sold in March 2022 at AED 3,638 per sqft, 17% above what two-beds in Bluewaters Residences 5 were fetching at the time (AED 3,106). Over the last 12 months two-beds sold for AED 3,875,000 to 10,200,000, around AED 4,584 per sqft, and rent for AED 400,000 to 530,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Jun 20266,518,000
27 Mar 202610,200,000
3 Feb 20267,650,000
6 Dec 20253,875,000
4 2-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
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

309, Bluewaters Residences 5 in numbers

  • Sold twice: first on 15 August 2019 for AED 3,282,250, last on 18 March 2022 for AED 5,800,000 (AED 3,638 per sqft).
  • Two-beds in Bluewaters Residences 5 sold for AED 3,875,000–10,200,000 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 18 March 2022.

Questions about 309, Bluewaters Residences 5

What did unit 309 last sell for?

AED 5,800,000 on 18 March 2022: AED 3,638 per sqft for 1,594 sqft. The unit has 2 registered sales; the first was AED 3,282,250 in August 2019.

How big is unit 309?

1,594 sqft (148.1 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2019.

What is unit 309 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 5 sold for AED 3,875,000 to 10,200,000 in the last 12 months, around AED 4,584 per sqft.

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Mortgage on 309, Bluewaters Residences 5

Starts from the last sale price (AED 5.8M, 18 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,800,000
Deposit, UAE resident (20%)
AED 1,160,000
Deposit, non-resident (40%)
AED 2,320,000
Monthly over 25 years at 3.7%
AED 23,730

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