3-bed · 2,022 sqftBluewaters Residences 5, Bluewaters Island · 5th floor · completed 2019

511, Bluewaters Residences 5

Sold prices and rental history: sold twice, last in October 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 27 October 2021
Last soldAED 5.35M27 October 2021
Current rentAED 240K /yr14 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Bluewaters Residences 5

What is 511 worth today?

Last sold for AED 5,350,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

27 Oct 2021SoldReady
AED 5,350,000AED 2,645 per sqft
14 May 2021RentedRenewal
AED 240,000/yr12 months · AED 119 per sqft
14 May 2020RentedNew contract
AED 240,000/yr12 months · AED 119 per sqft
29 Oct 2019Sold by developerReady
AED 4,395,000AED 2,173 per sqft

Source: Dubai Land Department. Updated 27 October 2021.

Key facts

Type
3-bed apartment
Size
2,022 sqft
Floor
5th of 6
Parking
G336, G337
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 58,600 /yr
Last sold
AED 5.35M · October 2021

About 511, Bluewaters Residences 5

511 is a three-bedroom apartment of 2,022 sqft on the 5th floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 27 October 2021 for AED 5,350,000, or AED 2,645 per sqft.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 14 May 2021, is AED 240,000 a year: a gross yield of 4.5% on the 2021 price, before the service charge of about AED 58,600 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical three-bed in Bluewaters Residences 5
4M6M20192020202120222023Typical sale price by year: 2019 AED 4,517,000; 2020 AED 4,184,000; 2022 AED 7,240,000Sold by developer, October 2019: AED 4,395,000 (AED 2,173 per sqft)Sold, October 2021: AED 5,350,000 (AED 2,645 per sqft)

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

Rents
Unit 511, 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 503,182New contract, May 2020: AED 240,000 a yearRenewal, May 2021: AED 240,000 a year

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 511 sits

All 15 3-beds →

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. 511's AED 240,000 is in the lower half of that range.

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 5th floor

All 69 units in Bluewaters Residences 5
Value
5013-bedAED 10.25M · Dec 2025
5021-bedAED 2.51M · Nov 2019
5031-bedAED 2.38M · Nov 2019
5041-bedAED 5.1M · Mar 2023
5051-bedAED 2.48M · Nov 2019
5062-bedAED 10M · Nov 2025
5074-bedAED 19.4M · Nov 2025
1–7 of 10

511, Bluewaters Residences 5 in numbers

  • Sold twice: first on 29 October 2019 for AED 4,395,000, last on 27 October 2021 for AED 5,350,000 (AED 2,645 per sqft).
  • Rented since May 2020 on 2 Ejari contracts, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2021 price is 4.5%, before a service charge of about AED 58,600 a year (AED 28.99 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 27 October 2021.

Questions about 511, Bluewaters Residences 5

What did unit 511 last sell for?

AED 5,350,000 on 27 October 2021: AED 2,645 per sqft for 2,022 sqft. The unit has 2 registered sales; the first was AED 4,395,000 in October 2019.

What is the rent for unit 511?

AED 240,000 a year on the contract renewed on 14 May 2021. The previous contract, from May 2020, was AED 240,000.

How big is unit 511?

2,022 sqft (187.9 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower completed in 2019.

What is unit 511 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.

Selling 511? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 511, Bluewaters Residences 5

Starts from the last sale price (AED 5.35M, 27 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,350,000
Deposit, UAE resident (20%)
AED 1,070,000
Deposit, non-resident (40%)
AED 2,140,000
Monthly over 25 years at 3.7%
AED 21,889

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