Bluewaters Residences
✓ Resale Available

Bluewaters Residences

From AED 7.30M·Completed Feb 2019·Developer payment plan available Payment
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AED 7.30M
Starting Price
Feb 2019
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Bluewaters Residences is a residential development by the renowned developer Meraas. It consists of ten buildings labeled A–K, seventeen townhouses, and two hotels located on Bluewaters Island. Each of the ten residential buildings includes a ground level and between six and sixteen residential floors. Buildings F, G, H, and J feature two-storey penthouses, while buildings A–E and K also include a rooftop. The complex offers a variety of residences, including 1–4 bedroom apartments, penthouses, and townhouses. Each residential space is finished on a turnkey basis, interiors are made according to the design project, finishing in a neutral palette and minimalist style. The residences are fully furnished and equipped with household appliances. The internal infrastructure takes into account the needs of residents, there are swimming pools and fitness clubs for those who want to keep fit. Children's play areas are equipped with safe flooring and brightly colored developmental structures, there is a basketball court, picturesque green spaces. The residential complex is located on Bluewaters Island, which is connected to the coast by a bridge that leads to Sheikh Zayed Road. Thanks to this, car owners can take short routes to the center of Dubai and its suburbs. The Burj Khalifa Tower is 25 km away and the international airport is 39 km away.

Project Specifications
DeveloperMeraas Developer
LocationBlue Waters Island
Unit Types2 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: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 314,995 / year
Cash-on-Cash
1.8%
Levered cashflow AED 74,095
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 474,500 / 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 Residences launch basis8,111AED 7.30MCurrent 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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Astraterra Properties

Official Documents

Download official marketing materials from Meraas Developer.

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Payment Structure

Developer payment plan available

Flexible Payment

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Floor Plans

Bluewaters Residences — 1 Bedroom Floor Plan

Amenities & Lifestyle

Basketball court
Coworking zone
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Lift
Meditation zone
Outdoor parking
SPA
Shared Pool
Shared gym
Shared gym & fitness
Walking paths

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 Residences by Meraas Developer

02

Located in Blue Waters Island

03

Starting from AED 7,300,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Feb 2019

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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