2-bed · 1,608 sqftBluewaters Residences 7, Bluewaters Island · 5th floor · completed 2019

502, Bluewaters Residences 7

Sold prices and rental history: sold once, by the developer in October 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 23 October 2019
Last soldAED 3.71M23 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Bluewaters Residences 7

What is 502 worth today?

Last sold for AED 3,711,000 in 2019

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23 Oct 2019Sold by developerReady
AED 3,711,000AED 2,307 per sqft

Source: Dubai Land Department. Updated 23 October 2019.

Key facts

Type
2-bed apartment
Size
1,608 sqft
Floor
5th of 15
Parking
B625
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 46,600 /yr
Last sold
AED 3.71M · October 2019

About 502, Bluewaters Residences 7

502 is a two-bedroom apartment of 1,608 sqft on the 5th floor of Bluewaters Residences 7, a 15-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 23 October 2019 for AED 3,711,000, or AED 2,307 per sqft, in line with the AED 2,274 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Bluewaters Residences 7
5M7.5M2018202120242027Typical sale price by year: 2018 AED 3,564,875; 2019 AED 3,638,500; 2021 AED 3,700,000; 2022 AED 7,000,000; 2023 AED 7,100,000; 2024 AED 9,000,000; 2026 AED 8,900,000Sold by developer, October 2019: AED 3,711,000 (AED 2,307 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Bluewaters Residences 7
200K400K20192021202320252027Typical rent by year: 2019 AED 185,000; 2020 AED 180,000; 2021 AED 282,500; 2022 AED 330,000; 2023 AED 500,000; 2024 AED 450,000; 2025 AED 350,000; 2026 AED 410,000

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 7, and where 502 sits

All 26 2-beds →

502 last sold in October 2019 at AED 2,307 per sqft, in line with what two-beds in Bluewaters Residences 7 were fetching at the time (AED 2,274). Over the last 12 months two-beds sold for AED 7,000,000 to 11,500,000, around AED 5,562 per sqft, and rent for AED 240,000 to 510,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 202611,500,000
12 Mar 20267,000,000
17 Feb 20268,900,000
14 Nov 20259,320,000
4 2-bed sales in the last 12 months

Bluewaters Residences 7

Building

77 apartments, 1-bed to 5-bed over 15 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 11 sold in the last 12 months.

Typical price per sqft
AED 4,982 Down 6.0%
Typical sale
AED 9.32M
Typical rent
AED 366K /yr
Typical yield
5.3%
Bluewaters Residences 7, Bluewaters Island: prices, sales and rents →

Other units on the 5th floor

All 77 units in Bluewaters Residences 7
Value
5013-bedAED 9.5M · Dec 2022
5033-bedAED 4.65M · Nov 2019
5043-bedAED 4.2M · May 2021
5051-bedAED 4.55M · Feb 2026
5062-bedAED 3.54M · Oct 2019

502, Bluewaters Residences 7 in numbers

  • Sold once: by Blue Waters Residential on 23 October 2019 for AED 3,711,000, or AED 2,307 per sqft.
  • Two-beds in Bluewaters Residences 7 sold for AED 7,000,000–11,500,000 in the 12 months to November 2026; the building's median across all types is AED 4,982 per sqft.

Source: Dubai Land Department. Updated 23 October 2019.

Questions about 502, Bluewaters Residences 7

What did unit 502 last sell for?

AED 3,711,000 on 23 October 2019, sold by the developer: AED 2,307 per sqft for 1,608 sqft. It is the only registered sale of the unit.

How big is unit 502?

1,608 sqft (149.4 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.

What is unit 502 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 7 sold for AED 7,000,000 to 11,500,000 in the last 12 months, around AED 5,562 per sqft.

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Mortgage on 502, Bluewaters Residences 7

Starts from the last sale price (AED 3.71M, 23 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,711,000
Deposit, UAE resident (20%)
AED 742,200
Deposit, non-resident (40%)
AED 1,484,400
Monthly over 25 years at 3.7%
AED 15,183

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