2-bed · 1,667 sqftBluewaters Residences 8, Bluewaters Island · 4th floor · completed 2019

406, Bluewaters Residences 8

Sold prices and rental history: sold 5 times, last in March 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 4 March 2024
Last soldAED 8.95M4 March 2024
Current rentAED 200K /yr13 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Bluewaters Residences 8

What is 406 worth today?

Last sold for AED 8,950,000 in 2024

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4 Mar 2024SoldReady
AED 8,950,000AED 5,369 per sqft
15 Jun 2023SoldReady
AED 250,000AED 3,000 per sqft
16 May 2023SoldReady
AED 7,300,000AED 4,379 per sqft
13 Sep 2022RentedRenewal
AED 200,000/yr9 months · AED 120 per sqft
31 May 2022SoldReady
AED 4,500,000AED 2,699 per sqft
12 Sep 2021RentedRenewal
AED 200,000/yr12 months · AED 120 per sqft
11 Sep 2021RentedNew contract
AED 200,000/yr12 months · AED 120 per sqft
12 Sep 2020RentedRenewal
AED 180,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 4 March 2024.

Key facts

Type
2-bed apartment
Size
1,667 sqft
Floor
4th of 16
Parking
B101
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 48,300 /yr
Last sold
AED 8.95M · March 2024

About 406, Bluewaters Residences 8

406 is a two-bedroom apartment of 1,667 sqft on the 4th floor of Bluewaters Residences 8, a 16-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 4 March 2024 for AED 8,950,000, or AED 5,369 per sqft, 21% above the AED 4,421 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 13 September 2022, is AED 200,000 a year: a gross yield of 2.2% on the 2024 price, before the service charge of about AED 48,300 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Bluewaters Residences 8
05M10M2017202020232026Typical 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, September 2019: AED 3,466,000 (AED 2,079 per sqft)Sold, May 2022: AED 4,500,000 (AED 2,699 per sqft)Sold, May 2023: AED 7,300,000 (AED 4,379 per sqft)Sold, June 2023: AED 250,000 (AED 3,000 per sqft)Sold, March 2024: AED 8,950,000 (AED 5,369 per sqft)

406 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, 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, September 2019: AED 180,000 a yearRenewal, September 2020: AED 180,000 a yearRenewal, September 2021: AED 200,000 a yearNew contract, September 2021: AED 200,000 a yearRenewal, September 2022: AED 200,000 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 406 sits

All 55 2-beds →

406 last sold in March 2024 at AED 5,369 per sqft, 21% above what two-beds in Bluewaters Residences 8 were fetching at the time (AED 4,421). 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. 406's AED 200,000 is in the lower 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 4th floor

All 85 units in Bluewaters Residences 8
Value
4013-bedAED 6.6M · Jun 2022
4022-bedAED 4.01M · Aug 2018
4033-bedAED 5.15M · Jul 2019
4042-bedAED 7.15M · Feb 2024
4052-bedAED 3.05M · Nov 2019

406, Bluewaters Residences 8 in numbers

  • Sold 5 times: first on 2 September 2019 for AED 3,466,000, last on 4 March 2024 for AED 8,950,000 (AED 5,369 per sqft).
  • Rented since September 2019 on 5 Ejari contracts, from AED 180,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2024 price is 2.2%, before a service charge of about AED 48,300 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 March 2024.

Questions about 406, Bluewaters Residences 8

What did unit 406 last sell for?

AED 8,950,000 on 4 March 2024: AED 5,369 per sqft for 1,667 sqft. The unit has 5 registered sales; the first was AED 3,466,000 in September 2019.

What is the rent for unit 406?

AED 200,000 a year on the contract renewed on 13 September 2022. The previous contract, from September 2021, was AED 200,000; the unit has been rented since September 2019.

How big is unit 406?

1,667 sqft (154.9 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2019.

What is unit 406 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 406, Bluewaters Residences 8

Starts from the last sale price (AED 8.95M, 4 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 8,950,000
Deposit, UAE resident (20%)
AED 1,790,000
Deposit, non-resident (40%)
AED 3,580,000
Monthly over 25 years at 3.7%
AED 36,617

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