Bluewaters Bay
Off-Plan

Bluewaters Bay

From AED 3.40M·Handover Mar 2027·Developer payment plan available Payment
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AED 3.40M
Starting Price
Mar 2027
Handover
Developer payment plan available
Payment Plan
1 BR · 2 BR
Type

Project Overview

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.

Project Specifications
DeveloperMeraas Developer
LocationBlue Waters Island
Unit Types1 BR, 2 BR, Apartments
AreaBlue Waters Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

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.

Projected Cap Rate
4.3%
NOI AED 146,710 / year
Cash-on-Cash
2.2%
Levered cashflow AED 34,510
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 221,000 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Bluewaters Bay launch basis3,778AED 3.40MCurrent launch / asking basis
Blue Waters Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Blue Waters Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Bluewaters Bay official render 1

Bluewaters Bay official render 1

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Bluewaters Bay official render 9

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Bluewaters Bay official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Meraas Developer.

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Payment Structure

Developer payment plan available

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Floor Plans

Bluewaters Bay — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Leisure areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Blue Waters Island

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Blue Waters IslandBlue Waters IslandDubai, UAE

Developer Track Record

01

Bluewaters Bay by Meraas Developer

02

Located in Blue Waters Island

03

Starting from AED 3,400,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Mar 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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