
Bluewaters Bay is an impressive project by the developer Meraas, consisting of two elegant towers offering stylish 1–4 bedroom apartments. Each tower features one ground level, three podium floors, and a rooftop. Tower 1 comprises 49 residential floors, while Tower 2 includes 40 residential floors. The complex stands out with its timeless architecture, contemporary interiors, and an array of amenities designed for residents’ comfort. The layouts are spacious and functional, while the floor-to-ceiling windows maximize natural light and frame stunning views of the sea, the Dubai skyline, and the iconic Ain Dubai observation wheel. Residents of Bluewaters Bay enjoy access to a rooftop terrace with BBQ areas, generous open spaces and outdoor lounges, as well as a tennis court. The complex also features a resort-style swimming pool overlooking Ain Dubai, a children’s pool, a gym, a fitness studio, and an outdoor workout area. Surrounded by water, the project is set between the man-made Bluewaters Island and mainland Dubai. A major road interchange is located just two minutes away, ensuring quick and convenient access to all parts of the city. Public transport stops and the ferry terminal are only 5 minutes away. Key destinations are also within close proximity: JBR and Dubai Marina beaches - 5 minutes, DMCC Metro Station - 3 minutes, Dubai Marina Mall - 5 minutes, Ain Dubai - 10 minutes, and Palm Jumeirah - 7 minutes.
Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Bluewaters Bay launch basis | 3,778 | AED 3.40M | Current launch / asking basis |
| Blue Waters Island ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Blue Waters Island premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |















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Blue Waters Island
Bluewaters Bay by Meraas Developer
Located in Blue Waters Island
Starting from AED 3,400,000
Unit mix includes 1 BR, 2 BR, Apartments
Expected handover: Mar 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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