2-bed · 1,497 sqftBluewaters Residences 8, Bluewaters Island · 2nd floor · completed 2019

204, Bluewaters Residences 8

Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 8 March 2023
Last soldAED 3.2M25 February 2020
Current rentAED 400K /yr8 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Bluewaters Residences 8

What is 204 worth today?

Last sold for AED 3,204,000 in 2020

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8 Mar 2023RentedNew contract
AED 400,000/yr12 months · AED 267 per sqft
25 Feb 2020Sold by developerReady
AED 3,204,000AED 2,140 per sqft

Source: Dubai Land Department. Updated 8 March 2023.

Key facts

Type
2-bed apartment
Size
1,497 sqft
Floor
2nd of 16
Parking
B452
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 43,400 /yr
Last sold
AED 3.2M · February 2020

About 204, Bluewaters Residences 8

204 is a two-bedroom apartment of 1,497 sqft on the 2nd floor of Bluewaters Residences 8, a 16-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. The developer sold it on 25 February 2020 for AED 3,204,000, or AED 2,140 per sqft, in line with the AED 2,078 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 March 2023. The current contract, signed on 8 March 2023, is AED 400,000 a year: a gross yield of 12.5% on the 2020 price, before the service charge of about AED 43,400 a year.

Sales and rents for 204 over time

Sales
Unit 204, 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, February 2020: AED 3,204,000 (AED 2,140 per sqft)

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

Rents
Unit 204, 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, March 2023: AED 400,000 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 204 sits

All 55 2-beds →

204 last sold in February 2020 at AED 2,140 per sqft, in line with what two-beds in Bluewaters Residences 8 were fetching at the time (AED 2,078). 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. 204's AED 400,000 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 2nd floor

All 85 units in Bluewaters Residences 8
Value
2013-bedAED 8.7M · May 2023
2022-bedAED 3.5M · Mar 2023
2033-bedAED 9.18M · Apr 2023
2052-bedAED 2.84M · Jan 2019
2062-bedAED 3.43M · Feb 2020

204, Bluewaters Residences 8 in numbers

  • Sold once: by Blue Waters Residential on 25 February 2020 for AED 3,204,000, or AED 2,140 per sqft.
  • Rented since March 2023 on one Ejari contract, at AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2020 price is 12.5%, before a service charge of about AED 43,400 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 8 March 2023.

Questions about 204, Bluewaters Residences 8

What did unit 204 last sell for?

AED 3,204,000 on 25 February 2020, sold by the developer: AED 2,140 per sqft for 1,497 sqft. It is the only registered sale of the unit.

What is the rent for unit 204?

AED 400,000 a year on the contract signed on 8 March 2023.

How big is unit 204?

1,497 sqft (139.1 sqm): a two-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2019.

What is unit 204 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 204, Bluewaters Residences 8

Starts from the last sale price (AED 3.2M, 25 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,204,000
Deposit, UAE resident (20%)
AED 640,800
Deposit, non-resident (40%)
AED 1,281,600
Monthly over 25 years at 3.7%
AED 13,109

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