Bluewaters Island

Bluewaters Island is an entertainment and residential district currently under-construction right off the coast of JBR / Dubai Marina. The Island's center-piece is Ain Dubai, which will be the largest ferris wheel in the world upon completion. Sales for the residential components in Bluewaters Island commenced in March 2017.

Property Types Available: Apartments, Hotels
Location: Sheikh Zayed Road, Al Sufouh Road
Status: Under Construction
Year Launched: 2013
Estimated Completion Date: December 2018
Developer: Meraas
Contractor: Van Oord
Hyundai Contracting
Starneth Engineering
Title Type: Freehold
Life Cycle: Under Construction
Special Classification: Water-front Community, Themed Community

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Bluewaters Island

Investment Score

Value for Money
80%
Project Uniqueness
100%
Location & Connectivity
90%
Rental Yield Expectation
65%
Capital Growth Expectation
75%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Somewhat investor friendly

Ideal for: End-Users & Investors

Price Range: AED 1,920 PSF - AED 2,400 PSF

Unit Types Available: Apartment, Hotel

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What Our Experts Think

Bluewaters Island is offering a chance to purchase exclusive, luxury real estate within a world-class entertainment district.

Sales have commenced and there are options to purchase 1, 2, 3 and 4 bedroom units. Unqiuely, Meraas have started sales when the buildings are now over 60 - 70% completed already.

Prices on Bluewaters Island are comparable to Palm Jumeriah and Downtown Dubai. These are mid-rise buildings which will have views towards the Al Ain Dubai, the Arabian Gulf and the Marina / JBR skyline.

Price ranges:

1 Beds from AED 1.9 - 2.7 M

2 Beds from AED 3.0 - 3.9 M

3 Beds from AED 3.6 - 5.1 M

Sales have commenced for luxury apartments in Bluewaters Island by Meraas

1, 2, 3 and 4 bedroom apartments for sale. Construction well underway. The most luxurious address in Dubai. Call +971.50.708.6765 for more information.

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About Bluewaters Island

General Guide

- Bluewater Island, located 500 meters off the coast from Jumeirah Beach Residence & Dubai Marina.

- The development on this island, a Meraas project, will reportedly cost USD 1.6 bn.

- The center-piece of Bluewaters Island is a 210 meter tall ferris wheel which will be about 90 meters taller than the London Eye.

- Once complete, the development will have a direct link to Sheikh Zayed Road, a monorail connecting to the Dubai Metro, a pedestrian bridge and a cable car to Jumeirah Beach Residence.

- The project is estimated to take five years to build, with completion due in Q2 - Q3 of 2018.

Residential Components

- 10 residential buildings are under-construction in Bluewaters Island

- Total of 698 apartments (1, 2, 3 and 4 bedroom units)

- Total of four penthouses and 17 townhouses

Residential Units for sale in Bluewaters Island - March 2017

Sales in Bluewaters Island commenced in March 2017

1 Beds: sizes from 963 - 1,155 sq. ft. Prices from AED 1.9 - 2.7 M

2 Beds: sizes from 1,451 - 2,033 sq. ft. Prices from AED 3.0 - 3.9 M

3 Beds: sizes from 1,935 - 2,114 sq. ft. Prices from AED 3.6 - 5.1 M

4 Beds: sizes from 2,209 - 2,47e sq. ft. Prices from AED 5.5 - 5.8 M

The developer is offering the following payment-plan:

10% Down

15% in September 2017

75% on completion (Q3 2018)

Project Completion Status (as per DLD): 80.29% (as of Nov 19 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 3641

Project Number: 1795

Real Estate Developer: BLUE WATERS RESIDENTIAL

Trust Account Number: 00110916010015

Account Trustee Name: NOOR BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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