2-bed · 1,670 sqftBluewaters Residences 7, Bluewaters Island · 7th floor · completed 2019

706, Bluewaters Residences 7

Sold prices and rental history: sold twice, last in October 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 24 October 2023
Last soldAED 6.8M6 October 2023
Current rentAED 276K /yr24 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Bluewaters Residences 7

What is 706 worth today?

Last sold for AED 6,800,000 in 2023

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24 Oct 2023RentedNew contract
AED 275,736/yr8 months · AED 165 per sqft
6 Oct 2023SoldReady
AED 6,800,000AED 4,071 per sqft
24 Oct 2021RentedNew contract
AED 275,000/yr12 months · AED 165 per sqft
20 Nov 2019Sold by developerReady
AED 3,567,000AED 2,135 per sqft

Source: Dubai Land Department. Updated 24 October 2023.

Key facts

Type
2-bed apartment
Size
1,670 sqft
Floor
7th of 15
Parking
B706
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 48,400 /yr
Last sold
AED 6.8M · October 2023

About 706, Bluewaters Residences 7

706 is a two-bedroom apartment of 1,670 sqft on the 7th floor of Bluewaters Residences 7, a 15-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 6 October 2023 for AED 6,800,000, or AED 4,071 per sqft, in line with the AED 4,131 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 24 October 2023, is AED 275,736 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 48,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, November 2019: AED 3,567,000 (AED 2,135 per sqft)Sold, October 2023: AED 6,800,000 (AED 4,071 per sqft)

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

Rents
Unit 706, 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 410,000New contract, October 2021: AED 275,000 a yearNew contract, October 2023: AED 275,736 a year

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 706 sits

All 26 2-beds →

706 last sold in October 2023 at AED 4,071 per sqft, in line with what two-beds in Bluewaters Residences 7 were fetching at the time (AED 4,131). 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. 706's AED 275,736 is in the lower half of that range.

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 7th floor

All 77 units in Bluewaters Residences 7
Value
7013-bedAED 8.2M · Feb 2022
7022-bedAED 6.6M · May 2022
7033-bedAED 12.6M · Nov 2025
7043-bedAED 4.17M · Oct 2019
7051-bedAED 4.5M · Dec 2025

706, Bluewaters Residences 7 in numbers

  • Sold twice: first on 20 November 2019 for AED 3,567,000, last on 6 October 2023 for AED 6,800,000 (AED 4,071 per sqft).
  • Rented since October 2021 on 2 Ejari contracts, from AED 275,000 to AED 275,736 a year.
  • At AED 275,736 a year the gross yield on the 2023 price is 4.0%, 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 24 October 2023.

Questions about 706, Bluewaters Residences 7

What did unit 706 last sell for?

AED 6,800,000 on 6 October 2023: AED 4,071 per sqft for 1,670 sqft. The unit has 2 registered sales; the first was AED 3,567,000 in November 2019.

What is the rent for unit 706?

AED 275,736 a year on the contract signed on 24 October 2023. The previous contract, from October 2021, was AED 275,000.

How big is unit 706?

1,670 sqft (155.1 sqm): a two-bedroom apartment on the 7th floor of a 15-storey tower completed in 2019.

What is unit 706 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 706, Bluewaters Residences 7

Starts from the last sale price (AED 6.8M, 6 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,800,000
Deposit, UAE resident (20%)
AED 1,360,000
Deposit, non-resident (40%)
AED 2,720,000
Monthly over 25 years at 3.7%
AED 27,821

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