1-bed · 1,119 sqftBluewaters Residences 5, Bluewaters Island · 6th floor · completed 2019

603, Bluewaters Residences 5

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 5M21 December 2023
Current rentAED 320K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Bluewaters Residences 5

What is 603 worth today?

Last sold for AED 5,000,000 in 2023

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1 Jan 2026RentedNew contract
AED 320,000/yr12 months · AED 286 per sqft
15 Aug 2025RentedNew contract
AED 300,000/yr12 months · AED 268 per sqft
3 Jan 2025RentedNew contract
AED 310,000/yr12 months · AED 277 per sqft
3 Jan 2025RentedNew contract
AED 310,000/yr12 months · AED 277 per sqft
21 Dec 2023SoldReady
AED 5,000,000AED 4,469 per sqft
1 Jan 2023RentedRenewal
AED 120,000/yr12 months · AED 107 per sqft
1 Jan 2022RentedRenewal
AED 120,000/yr12 months · AED 107 per sqft
1 Jan 2021RentedRenewal
AED 112,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
1-bed apartment
Size
1,119 sqft
Floor
6th of 6
Parking
G297
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 32,400 /yr
Last sold
AED 5M · December 2023

About 603, Bluewaters Residences 5

603 is a one-bedroom apartment of 1,119 sqft on the 6th floor of Bluewaters Residences 5, a 6-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 21 December 2023 for AED 5,000,000, or AED 4,469 per sqft, 6% above the AED 4,198 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 January 2026, is AED 320,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 32,400 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, October 2019: AED 2,361,000 (AED 2,110 per sqft)Sold, December 2023: AED 5,000,000 (AED 4,469 per sqft)

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

Rents
Unit 603, 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, January 2020: AED 120,000 a yearRenewal, January 2021: AED 112,000 a yearRenewal, January 2022: AED 120,000 a yearRenewal, January 2023: AED 120,000 a yearNew contract, January 2025: AED 310,000 a yearNew contract, January 2025: AED 310,000 a yearNew contract, August 2025: AED 300,000 a yearNew contract, January 2026: AED 320,000 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 603 sits

All 20 1-beds →

603 last sold in December 2023 at AED 4,469 per sqft, 6% above what one-beds in Bluewaters Residences 5 were fetching at the time (AED 4,198). 603's AED 320,000 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 6th floor

All 69 units in Bluewaters Residences 5
Value
6013-bedAED 8.85M · Nov 2022
6021-bedAED 3M · Sep 2022
6041-bedAED 2.36M · Nov 2021
6051-bedAED 3.5M · Jul 2022
6062-bedAED 3.71M · Nov 2019
6074-bedAED 22.9M · Jun 2024
6083-bedAED 9.6M · Aug 2022
1–7 of 10

603, Bluewaters Residences 5 in numbers

  • Sold twice: first on 23 October 2019 for AED 2,361,000, last on 21 December 2023 for AED 5,000,000 (AED 4,469 per sqft).
  • Rented since January 2020 on 8 Ejari contracts, from AED 120,000 to AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 32,400 a year (AED 28.99 per sqft).

Source: Dubai Land Department. Updated 1 January 2026.

Questions about 603, Bluewaters Residences 5

What did unit 603 last sell for?

AED 5,000,000 on 21 December 2023: AED 4,469 per sqft for 1,119 sqft. The unit has 2 registered sales; the first was AED 2,361,000 in October 2019.

What is the rent for unit 603?

AED 320,000 a year on the contract signed on 1 January 2026. The previous contract, from August 2025, was AED 300,000; the unit has been rented since January 2020.

How big is unit 603?

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

What is unit 603 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 603, Bluewaters Residences 5

Starts from the last sale price (AED 5M, 21 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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