506, Bluewaters Residences 7
Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Bluewaters Residences 7
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,670 sqft
- Floor
- 5th of 15
- Parking
- B624
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 48,400 /yr
- Last sold
- AED 3.54M · October 2019
- Building
- Bluewaters Residences 7
About 506, Bluewaters Residences 7
506 is a two-bedroom apartment of 1,670 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 20 October 2019 for AED 3,536,000, or AED 2,117 per sqft, 5% below the AED 2,226 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 March 2025, is AED 350,000 a year: a gross yield of 9.9% on the 2019 price, before the service charge of about AED 48,400 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 26 2-beds →506 last sold in October 2019 at AED 2,117 per sqft, 5% below what two-beds in Bluewaters Residences 7 were fetching at the time (AED 2,226). 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. 506's AED 350,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,587 sqft | 11,500,000 | 7,247 | ||
| 12 Mar 202612 March 2026 | 1,500 sqft | 7,000,000 | 4,665 | ||
| 17 Feb 202617 February 2026 | 1,670 sqft | 8,900,000 | 5,329 | ||
| 14 Nov 202514 November 2025 | 1,608 sqft | 9,320,000 | 5,794 |
Bluewaters Residences 7
Building77 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%
Other units on the 5th floor
All 77 units in Bluewaters Residences 7| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,112 sqft | AED 9.5MAED 9,500,000 · Dec 2022December 2022 | 225,250 /yr | |
| 502 | 2-bed | 1,608 sqft | AED 3.71MAED 3,711,000 · Oct 2019October 2019 | ||
| 503 | 3-bed | 2,109 sqft | AED 4.65MAED 4,650,000 · Nov 2019November 2019 | 495,000 /yr | |
| 504 | 3-bed | 2,045 sqft | AED 4.2MAED 4,200,000 · May 2021May 2021 | ||
| 505 | 1-bed | 1,154 sqft | AED 4.55MAED 4,550,000 · Feb 2026February 2026 | 300,000 /yr |
506, Bluewaters Residences 7 in numbers
- Sold once: by Blue Waters Residential on 20 October 2019 for AED 3,536,000, or AED 2,117 per sqft.
- Rented since April 2022 on 4 Ejari contracts, from AED 320,000 to AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2019 price is 9.9%, before a service charge of about AED 48,400 a year (AED 28.99 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 1 March 2025.
Questions about 506, Bluewaters Residences 7
What did unit 506 last sell for?
AED 3,536,000 on 20 October 2019, sold by the developer: AED 2,117 per sqft for 1,670 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 350,000 a year on the contract signed on 1 March 2025. The previous contract, from March 2025, was AED 350,000; the unit has been rented since April 2022.
How big is unit 506?
1,670 sqft (155.1 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 506 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 506, Bluewaters Residences 7
Starts from the last sale price (AED 3.54M, 20 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,536,000
- Deposit, UAE resident (20%)
- AED 707,200
- Deposit, non-resident (40%)
- AED 1,414,400
- Monthly over 25 years at 3.7%
- AED 14,467
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →