New Off-Plan Projects in Bluewaters Island

Bluewaters Island is a 240,000 m² man-made island developed by Meraas, opened in 2018. Sitting just off the coast next to JBR and Dubai Marina, it's connected to the mainland by a road bridge and a pedestrian walkway. The island hosts Ain Dubai (the world's tallest observation wheel at 250m), Caesars Palace Dubai, the Madame Tussauds Dubai, and a curated retail and dining promenade. Residential inventory is limited and premium — the entire 'Residences at Bluewaters' complex contains ~700 apartments across 10 buildings, plus a handful of penthouses. There are no villas or budget options. Most units offer either Marina skyline views or open-sea views, and a portion face Ain Dubai directly. For investors, Bluewaters is a niche premium play. Yields are 5–7%, capital appreciation has been steady, and short-term rental performance is excellent thanks to tourist footfall. The island is well-suited to single-unit buyers seeking exclusivity and lifestyle, rather than multi-unit portfolio operators.