Bluewaters Island - Dubai Marina

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.

Master Community: Dubai Marina
Property Types Available: Apartments, Hotels, Retail Shops
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
Quality Classification: Luxury
Life Cycle: Under Construction
Special Classification: Water-front Community, Themed Community

Lookup.ae reports prices and transactional information for Dubai Marina

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
80%
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, Retail Shop

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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. Uniquely, Meraas started sales when the buildings were 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

- Bluewaters 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 Q4 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 

Hospitality & Retail Components

There will be two hotels on the island. Meraas and Caesar's Entertainment have entered into an agreement to bring two Caesar's hotels onto the island. These will be the first outside of Las Vegas.  

The island will also feature close to 200 retail and dining options. The retail component will be similar to that of La Mer, City Walk, and the Beach. 

Residential Units for sale in Bluewaters Island - May 2018

Sales in Bluewaters Island commenced in March 2017

Apartments

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

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 - 2,473 sq. ft. Prices from AED 5.5 - 5.8 M (limited availability)

Townhouses (only 4 remaining)

4 Bed TH: sizes range from 6,310 - 6,831 sq. ft. Prices range from AED 14.6 million - 15.4 million. 

Payment Plan

The developer is offering the following payment-plan: 

PercentageMilestone
10%Down Payment
10%6 months after purchase date
10%12 months after purchase date
10%16 months after purchase date
10% 20 months after purchase date
10%24 months after purchase date
10%28 months after purchase date
15%32 months after purchase date
15%36 months after purchase date


Why Invest in Bluewaters Island?

Bluewaters Island will be one of the most exclusive and luxurious developments in Dubai. This will become a world-class tourist destination. 

1. Tourism-driven community: Bluewaters Island a tourist-driven community; In addition, nearby areas and project such as JBR Beach and Emaar Beachfront will also draw many tourists throughout the year. This can drive up property values, as well as rental returns. Investors may be able to achieve high returns by converting their apartments as holiday homes (short-term rentals). 

2. Reputable Developer: Meraas has delivered many high-quality developments and has established its name as one of Dubai’s top tier builders. Examples of their developments include City Walk, La Mer, the Beach, Kite Beach, Outlet Mall, and many more. 

3. Prime Location: Located just off the coast of JBR, the island is easily accessible and well-connected to other parts of the city. Properties offer beautiful views of the Ain Dubai, JBR/Marina skyline, and the Arabian Gulf. Bluewaters will be connected directly via Sheikh Zayed Road through its own entrance.  

4. Payment Plan: The developer is offering an excellent three-year post-completion payment plan. Whether you are buying as an end-user or an investor this is perfect for you. There will be no need to take a mortgage. Secondly, for investors, part of their property installments will be paid off with rental income. 

Project Completion Status (as per DLD): 83.80% (as of 10 May 2018)

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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