Bluewaters Residences — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 314,995 / year
Cash-on-Cash
2.2%
Levered cashflow AED 74,095
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 3.36M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

Published payment summary

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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

Bluewaters Residences location map
Project location

Nearby Destinations

Blue Waters Island

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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