2-bed · 1,705 sqftBluewaters Residences 8, Bluewaters Island · 5th floor · completed 2019

504, Bluewaters Residences 8

Sold prices and rental history: sold 3 times, last in August 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 15 August 2022
Last soldAED 4.8M15 August 2022
Current rentAED 195K /yr14 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Bluewaters Residences 8

What is 504 worth today?

Last sold for AED 4,800,000 in 2022

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15 Aug 2022SoldReady
AED 4,800,000AED 2,815 per sqft
14 Mar 2022RentedNew contract
AED 194,666/yr8 months · AED 114 per sqft
8 Jul 2021SoldReady
AED 3,750,000AED 2,199 per sqft
15 Mar 2021RentedRenewal
AED 185,000/yr12 months · AED 109 per sqft
15 Mar 2020RentedNew contract
AED 185,000/yr12 months · AED 109 per sqft
2 Jul 2019Sold by developerReady
AED 3,479,000AED 2,040 per sqft

Source: Dubai Land Department. Updated 15 August 2022.

Key facts

Type
2-bed apartment
Size
1,705 sqft
Floor
5th of 16
Parking
B099
Developer
Blue Waters Residential
Completed
2019
Service charge
AED 49,400 /yr
Last sold
AED 4.8M · August 2022

About 504, Bluewaters Residences 8

504 is a two-bedroom apartment of 1,705 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 15 August 2022 for AED 4,800,000, or AED 2,815 per sqft, 4% above the AED 2,717 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 14 March 2022, is AED 194,666 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 49,400 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, July 2019: AED 3,479,000 (AED 2,040 per sqft)Sold, July 2021: AED 3,750,000 (AED 2,199 per sqft)Sold, August 2022: AED 4,800,000 (AED 2,815 per sqft)

504 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 504, 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 2020: AED 185,000 a yearRenewal, March 2021: AED 185,000 a yearNew contract, March 2022: AED 194,666 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 504 sits

All 55 2-beds →

504 last sold in August 2022 at AED 2,815 per sqft, 4% above what two-beds in Bluewaters Residences 8 were fetching at the time (AED 2,717). 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. 504's AED 194,666 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 5th floor

All 85 units in Bluewaters Residences 8
Value
5013-bedAED 11.3M · Jun 2025
5022-bedAED 8.7M · Aug 2023
5033-bedAED 5.17M · Nov 2019
5052-bedAED 3.06M · Jul 2018
5062-bedAED 7.9M · Jan 2025

504, Bluewaters Residences 8 in numbers

  • Sold 3 times: first on 2 July 2019 for AED 3,479,000, last on 15 August 2022 for AED 4,800,000 (AED 2,815 per sqft).
  • Rented since March 2020 on 3 Ejari contracts, from AED 185,000 to AED 194,666 a year.
  • At AED 194,666 a year the gross yield on the 2022 price is 4.1%, before a service charge of about AED 49,400 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 15 August 2022.

Questions about 504, Bluewaters Residences 8

What did unit 504 last sell for?

AED 4,800,000 on 15 August 2022: AED 2,815 per sqft for 1,705 sqft. The unit has 3 registered sales; the first was AED 3,479,000 in July 2019.

What is the rent for unit 504?

AED 194,666 a year on the contract signed on 14 March 2022. The previous contract, from March 2021, was AED 185,000; the unit has been rented since March 2020.

How big is unit 504?

1,705 sqft (158.4 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2019.

What is unit 504 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 504, Bluewaters Residences 8

Starts from the last sale price (AED 4.8M, 15 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,800,000
Deposit, UAE resident (20%)
AED 960,000
Deposit, non-resident (40%)
AED 1,920,000
Monthly over 25 years at 3.7%
AED 19,638

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