3-bed · 2,104 sqftBluewaters Residences 6, Bluewaters Island · 5th floor · completed 2019

501, Bluewaters Residences 6

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 18 May 2023
Last soldAED 9.9M18 May 2023
Current rentAED 288K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Bluewaters Residences 6

What is 501 worth today?

Last sold for AED 9,900,000 in 2023

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18 May 2023SoldReady
AED 9,900,000AED 4,706 per sqft
31 Aug 2022SoldReady
AED 4,800,000AED 2,281 per sqft
1 Apr 2022RentedRenewal
AED 288,000/yr15 months · AED 137 per sqft
1 Apr 2021RentedRenewal
AED 255,000/yr12 months · AED 121 per sqft
1 Apr 2020RentedRenewal
AED 255,000/yr12 months · AED 121 per sqft
1 Apr 2019RentedNew contract
AED 240,000/yr12 months · AED 114 per sqft
19 Sep 2017Sold by developerOff-plan
AED 4,741,000AED 2,253 per sqft

Source: Dubai Land Department. Updated 18 May 2023.

Key facts

Type
3-bed apartment
Size
2,104 sqft
Floor
5th of 13
Parking
B780, B781
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 61,000 /yr
Last sold
AED 9.9M · May 2023

About 501, Bluewaters Residences 6

501 is a three-bedroom apartment of 2,104 sqft on the 5th floor of Bluewaters Residences 6, a 13-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 18 May 2023 for AED 9,900,000, or AED 4,706 per sqft, 19% above the AED 3,941 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 April 2022, is AED 288,000 a year: a gross yield of 2.9% on the 2023 price, before the service charge of about AED 61,000 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Bluewaters Residences 6
5M10M20172019202120232025Typical sale price by year: 2017 AED 4,926,500; 2018 AED 4,775,000; 2019 AED 4,322,500; 2021 AED 4,400,000; 2024 AED 11,750,000Sold by developer, September 2017: AED 4,741,000 (AED 2,253 per sqft)Sold, August 2022: AED 4,800,000 (AED 2,281 per sqft)Sold, May 2023: AED 9,900,000 (AED 4,706 per sqft)

501 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 501, each contractTypical three-bed in Bluewaters Residences 6
200K400K600K20192021202320252027Typical rent by year: 2019 AED 240,000; 2020 AED 220,000; 2021 AED 240,000; 2022 AED 304,000; 2023 AED 520,000; 2024 AED 550,000; 2025 AED 515,000; 2026 AED 500,000New contract, April 2019: AED 240,000 a yearRenewal, April 2020: AED 255,000 a yearRenewal, April 2021: AED 255,000 a yearRenewal, April 2022: AED 288,000 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 6, and where 501 sits

All 32 3-beds →

501 last sold in May 2023 at AED 4,706 per sqft, 19% above what three-beds in Bluewaters Residences 6 were fetching at the time (AED 3,941). Over the last 12 months three-beds sold for AED 8,500,000 to 14,500,000, around AED 5,470 per sqft, and rent for AED 400,000 to 775,000 a year. 501's AED 288,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Apr 20268,500,000
15 Dec 202514,500,000
15 Apr 202517,250,000
17 Oct 202411,100,000
2 3-bed sales in the last 12 months

Bluewaters Residences 6

Building

67 apartments, 1-bed to 5-bed over 13 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 10 sold in the last 12 months.

Typical price per sqft
AED 5,295
Typical sale
AED 8.87M
Typical rent
AED 422K /yr
Typical yield
4.9%
Bluewaters Residences 6, Bluewaters Island: prices, sales and rents →

Other units on the 5th floor

All 67 units in Bluewaters Residences 6
Value
5022-bedAED 10.5M · Feb 2025
5033-bedAED 4.73M · Aug 2018
5043-bedAED 4.18M · Jul 2019
5051-bedAED 2M · Dec 2020
5062-bedAED 9.2M · May 2024

501, Bluewaters Residences 6 in numbers

  • Sold 3 times: first on 19 September 2017 for AED 4,741,000, last on 18 May 2023 for AED 9,900,000 (AED 4,706 per sqft).
  • Rented since April 2019 on 4 Ejari contracts, from AED 240,000 to AED 288,000 a year.
  • At AED 288,000 a year the gross yield on the 2023 price is 2.9%, before a service charge of about AED 61,000 a year (AED 28.99 per sqft).
  • Three-beds in Bluewaters Residences 6 sold for AED 8,500,000–14,500,000 in the 12 months to November 2026; the building's median across all types is AED 5,295 per sqft.

Source: Dubai Land Department. Updated 18 May 2023.

Questions about 501, Bluewaters Residences 6

What did unit 501 last sell for?

AED 9,900,000 on 18 May 2023: AED 4,706 per sqft for 2,104 sqft. The unit has 3 registered sales; the first was AED 4,741,000 in September 2017.

What is the rent for unit 501?

AED 288,000 a year on the contract renewed on 1 April 2022. The previous contract, from April 2021, was AED 255,000; the unit has been rented since April 2019.

How big is unit 501?

2,104 sqft (195.5 sqm): a three-bedroom apartment on the 5th floor of a 13-storey tower completed in 2019.

What is unit 501 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 6 sold for AED 8,500,000 to 14,500,000 in the last 12 months, around AED 5,470 per sqft.

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Mortgage on 501, Bluewaters Residences 6

Starts from the last sale price (AED 9.9M, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,900,000
Deposit, UAE resident (20%)
AED 1,980,000
Deposit, non-resident (40%)
AED 3,960,000
Monthly over 25 years at 3.7%
AED 40,504

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