2-bed · 1,583 sqftBluewaters Residences 8, Bluewaters Island · 12th floor · completed 2019

1202, Bluewaters Residences 8

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 4.15M31 October 2017
Current rentAED 390K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1202, Bluewaters Residences 8

What is 1202 worth today?

Last sold for AED 4,147,000 in 2017

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4 Oct 2024RentedRenewal
AED 390,000/yr12 months · AED 246 per sqft
4 Oct 2023RentedRenewal
AED 390,000/yr12 months · AED 246 per sqft
4 Oct 2022RentedNew contract
AED 390,000/yr12 months · AED 246 per sqft
15 Oct 2021RentedRenewal
AED 160,000/yr11 months · AED 101 per sqft
15 Sep 2020RentedNew contract
AED 160,000/yr13 months · AED 101 per sqft
15 Jun 2019RentedNew contract
AED 190,000/yr12 months · AED 120 per sqft
31 Oct 2017Sold by developerOff-plan
AED 4,147,000AED 2,620 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
12th of 16
Parking
B212
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 45,900 /yr
Last sold
AED 4.15M · October 2017

About 1202, Bluewaters Residences 8

1202 is a two-bedroom apartment of 1,583 sqft on the 12th floor of Bluewaters Residences 8, a 16-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 31 October 2017 for AED 4,147,000, or AED 2,620 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 4 October 2024, is AED 390,000 a year: a gross yield of 9.4% on the 2017 price, before the service charge of about AED 45,900 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical two-bed in Bluewaters Residences 8
5M10M2017202020232026Typical sale price by year: 2017 AED 4,100,500; 2018 AED 3,672,000; 2019 AED 3,479,000; 2020 AED 3,353,055; 2021 AED 3,650,000; 2022 AED 5,400,000; 2023 AED 7,100,000; 2024 AED 7,650,000; 2025 AED 8,000,000; 2026 AED 9,100,000Sold by developer, October 2017: AED 4,147,000 (AED 2,620 per sqft)

1202 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, each contractTypical two-bed in Bluewaters Residences 8
200K400K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 162,500; 2021 AED 176,000; 2022 AED 340,000; 2023 AED 380,000; 2024 AED 400,000; 2025 AED 420,000; 2026 AED 458,100New contract, June 2019: AED 190,000 a yearNew contract, September 2020: AED 160,000 a yearRenewal, October 2021: AED 160,000 a yearNew contract, October 2022: AED 390,000 a yearRenewal, October 2023: AED 390,000 a yearRenewal, October 2024: AED 390,000 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 8, and where 1202 sits

All 55 2-beds →

Over the last 12 months two-beds sold for AED 7,150,000 to 11,300,000, around AED 5,312 per sqft, and rent for AED 130,000 to 520,000 a year. 1202's AED 390,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Oct 20269,100,000
26 Jan 20267,150,000
8 Jan 202611,300,000
25 Nov 202510,000,000
4 2-bed sales in the last 12 months

Bluewaters Residences 8

Building

85 apartments, 1-bed to 5-bed over 16 floors in Bluewaters Island, completed in 2019 by Blue Waters Residential. 9 sold in the last 12 months.

Typical price per sqft
AED 6,000
Typical sale
AED 11.3M
Typical rent
AED 450K /yr
Typical yield
4.5%
Bluewaters Residences 8, Bluewaters Island: prices, sales and rents →

Other units on the 12th floor

All 85 units in Bluewaters Residences 8
Value
12013-bedAED 5.4M · Jan 2018
12033-bedAED 10M · Nov 2025
12042-bedAED 10M · Nov 2025
12052-bedAED 3.23M · Apr 2018
12062-bedAED 4.6M · Oct 2022

1202, Bluewaters Residences 8 in numbers

  • Sold once: by Blue Waters Residential on 31 October 2017 for AED 4,147,000, or AED 2,620 per sqft.
  • Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 190,000 to AED 160,000 in 2021 and recovered to AED 390,000 by October 2024.
  • At AED 390,000 a year the gross yield on the 2017 price is 9.4%, before a service charge of about AED 45,900 a year (AED 28.99 per sqft).
  • Two-beds in Bluewaters Residences 8 sold for AED 7,150,000–11,300,000 in the 12 months to November 2026; the building's median across all types is AED 6,000 per sqft.

Source: Dubai Land Department. Updated 4 October 2024.

Questions about 1202, Bluewaters Residences 8

What did unit 1202 last sell for?

AED 4,147,000 on 31 October 2017, sold by the developer: AED 2,620 per sqft for 1,583 sqft. It is the only registered sale of the unit.

What is the rent for unit 1202?

AED 390,000 a year on the contract renewed on 4 October 2024. The previous contract, from October 2023, was AED 390,000; the unit has been rented since June 2019.

How big is unit 1202?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 12th floor of a 16-storey tower completed in 2019.

What is unit 1202 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 8 sold for AED 7,150,000 to 11,300,000 in the last 12 months, around AED 5,312 per sqft.

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Mortgage on 1202, Bluewaters Residences 8

Starts from the last sale price (AED 4.15M, 31 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,147,000
Deposit, UAE resident (20%)
AED 829,400
Deposit, non-resident (40%)
AED 1,658,800
Monthly over 25 years at 3.7%
AED 16,967

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