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Blue Zone

1 New Off-Plan Project in Bluewaters

Bluewaters Island β€” Meraas's premium man-made island next to Dubai Marina, home to Ain Dubai (world's tallest observation wheel) and Caesars Palace.

Projects
1
Starting from
AED 2.9M
Handover
2027
Developers
1
Bluewaters Bay in Bluewaters
Meraas Holding
Bluewaters Bay

New Off-Plan Projects in Bluewaters

Bluewaters Bay
MERAAS HOLDING

Bluewaters Bay

Bluewaters

1, 2, 3, 4, 5
2027
from2.9M AED

About Bluewaters

Bluewaters Island is a 240,000 mΒ² 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 β€” 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.

  • Direct access to Ain Dubai (world's tallest observation wheel)
  • Caesars Palace, Madame Tussauds, premium retail and dining
  • Pedestrian bridge to JBR Beach + road bridge to Marina
  • Limited residential supply β€” only ~700 apartments total
  • Year-round tourist footfall supports strong short-term rental performance

Location & Connectivity β€” Bluewaters

  • Dubai Marina3 min
  • JBR Beach3 min
  • Palm Jumeirah10 min
  • Mall of the Emirates15 min
  • Downtown Dubai22 min
  • Al Maktoum Airport (DWC)28 min
Bluewaters area on Dubai map β€” Blue Zone
HomeBase MapBlue Zone

Why Invest in Bluewaters

Gross rental yield
5–7%
Annual price growth
6–12%
Ownership
100% freehold
  • Scarce supply (only ~700 apartments) β€” built-out island
  • Year-round tourist demand thanks to Ain Dubai and Caesars Palace
  • Premium pricing supported by views and exclusivity
  • Walking distance to Marina without Marina density
  • 100% freehold + Golden Visa eligibility at AED 2M (most units qualify)

Indicative figures based on publicly available market data. Not a guarantee of returns or investment advice. Always verify with the developer and your own due diligence.

Price Guide β€” Bluewaters

1BR
from
AED 2.9M
2BR
from
AED 4.5M
3BR
from
AED 7.5M
4BR
from
AED 15M
5BR
from
AED 42M

Indicative starting prices from current off-plan inventory in Bluewaters. Actual prices depend on tower, floor, view and unit layout.

Frequently Asked Questions about Bluewaters

How many off-plan projects are currently available in Bluewaters?
There are 1 active off-plan project in Bluewaters listed on HomeBase, from 1 developer.
What is the starting price for off-plan property in Bluewaters?
Off-plan units in Bluewaters currently start from AED 2.9M. Prices vary by tower, floor, view and unit layout.
When is the next handover in Bluewaters?
The earliest scheduled handover in Bluewaters on HomeBase is 2027.
Where is Bluewaters located in Dubai?
Bluewaters is centrally located in Dubai, within easy reach of Dubai Marina (3 min), JBR Beach (3 min), Palm Jumeirah (10 min).
What is the rental yield in Bluewaters?
Bluewaters delivers an indicative gross rental yield of 5–7% β€” among the more attractive ranges in central Dubai. Actual yield depends on unit type, finish level and short-vs-long-term rental strategy.
Can foreigners buy off-plan property in Bluewaters?
Yes. Bluewaters is a 100% freehold area, meaning buyers of any nationality can own property here outright. Purchases above AED 2 million also qualify the buyer for the UAE Golden Visa (10-year residency).
What payment plans are typical for Bluewaters off-plan?
Most developers in Bluewaters offer staged payment plans β€” commonly 60/40, 50/50, or 20/60/20 (down payment / during construction / on handover). Plans are typically interest-free and structured around construction milestones. Check each project page for the exact plan.
Who are the main developers active in Bluewaters?
Currently the most active developers in Bluewaters on HomeBase are Meraas Holding.

Other Top Areas in Dubai

Dubai MarinaDubai MarinaJBRPalm JumeirahEmaar Beachfront

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