502, Bluewaters Residences 8
Sold prices and rental history: sold 5 times, last in August 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Bluewaters Residences 8
What is 502 worth today?
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Source: Dubai Land Department. Updated 16 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,604 sqft
- Floor
- 5th of 16
- Parking
- B100
- Developer
- Blue Waters Residential
- Completed
- 2019
- Service charge
- AED 46,500 /yr
- Last sold
- AED 8.7M · August 2023
- Building
- Bluewaters Residences 8
About 502, Bluewaters Residences 8
502 is a two-bedroom apartment of 1,604 sqft on the 5th floor of Bluewaters Residences 8, a 16-storey tower in Bluewaters Island completed in 2019 by Blue Waters Residential. It last sold on 16 August 2023 for AED 8,700,000, or AED 5,423 per sqft, 38% above the AED 3,930 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 170,000 a year: a gross yield of 1.9% on the 2023 price, before the service charge of about AED 46,500 a year.
Sales and rents for 502 over time
502 has sold 5 times; 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 8, and where 502 sits
All 55 2-beds →502 last sold in August 2023 at AED 5,423 per sqft, 38% above what two-beds in Bluewaters Residences 8 were fetching at the time (AED 3,930). 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. 502's AED 170,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 2,095 sqft | 9,100,000 | 4,343 | ||
| 26 Jan 202626 January 2026 | 1,503 sqft | 7,150,000 | 4,757 | ||
| 8 Jan 20268 January 2026 | 1,604 sqft | 11,300,000 | 7,044 | ||
| 25 Nov 202525 November 2025 | 1,705 sqft | 10,000,000 | 5,866 |
Bluewaters Residences 8
Building85 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%
Other units on the 5th floor
All 85 units in Bluewaters Residences 8| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,100 sqft | AED 11.3MAED 11,300,000 · Jun 2025June 2025 | 425,000 /yr | |
| 503 | 3-bed | 2,097 sqft | AED 5.17MAED 5,174,000 · Nov 2019November 2019 | 530,000 /yr | |
| 504 | 2-bed | 1,705 sqft | AED 4.8MAED 4,800,000 · Aug 2022August 2022 | 194,666 /yr | |
| 505 | 2-bed | 1,503 sqft | AED 3.06MAED 3,064,000 · Jul 2018July 2018 | ||
| 506 | 2-bed | 1,667 sqft | AED 7.9MAED 7,900,000 · Jan 2025January 2025 | 170,000 /yr |
502, Bluewaters Residences 8 in numbers
- Sold 5 times: first on 7 June 2018 for AED 4,026,000, last on 16 August 2023 for AED 8,700,000 (AED 5,423 per sqft).
- Rented since April 2019 on 4 Ejari contracts, from AED 180,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2023 price is 1.9%, before a service charge of about AED 46,500 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 16 August 2023.
Questions about 502, Bluewaters Residences 8
What did unit 502 last sell for?
AED 8,700,000 on 16 August 2023: AED 5,423 per sqft for 1,604 sqft. The unit has 5 registered sales; the first was AED 4,026,000 in June 2018.
What is the rent for unit 502?
AED 170,000 a year on the contract renewed on 1 June 2022. The previous contract, from October 2021, was AED 170,000; the unit has been rented since April 2019.
How big is unit 502?
1,604 sqft (149.0 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2019.
What is unit 502 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 502, Bluewaters Residences 8
Starts from the last sale price (AED 8.7M, 16 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 8,700,000
- Deposit, UAE resident (20%)
- AED 1,740,000
- Deposit, non-resident (40%)
- AED 3,480,000
- Monthly over 25 years at 3.7%
- AED 35,594
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →