Real Estate on Bluewaters Island

Bluewaters Island is one of the largest projects of Meraas Holding. The man-made island is home to ultra-luxury apartments and penthouses, the world's tallest observation wheel Ain Dubai, the fashionable Caesars Palace hotel, and the famous Madame Tussauds Dubai museum.

Prices from$84 000

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Q2 2024

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Real Estate on Bluewaters Island

Bluewaters Island is a man-made island located approximately 300 meters from the Jumeirah Beach Residences coastline, near the popular tourist area of Dubai Marina. The developer of this large-scale project was the company Meraas Holding. The creation of the island cost the developer over AED 6 billion (USD 1.63 billion).

The construction of Bluewaters Island began in 2013 and was completed in 2018. The masterplan for this project was personally approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum. According to the developer's plan, iconic tourist attractions, first-class resorts, entertainment centers, world-class restaurants, a series of premium residential communities, and all necessary social infrastructure facilities should be concentrated here.

Bluewaters Island is connected to the rest of the city by a road bridge and the Bluewaters pedestrian bridge. As part of the Dubai's 2022-2023 development plan, the Roads and Transport Authority (RTA) launched a new water route, running between Bluewaters Island and the dock. Residents and visitors can use the ferry and water taxi services on weekdays from 16:50 to 23:25 and on weekends from 16:10 to 23:45. Additionally, the island has a bus route F57 available.

The road to popular Dubai locations, such as Palm Jumeirah and Dubai Marina, takes approximately 15 minutes. Downtown Dubai and Business Bay areas are 25 minutes away, and Dubai International Airport is half an hour away.

Best Real Estate Projects

Meraas Holding sells on Bluewaters Island both high-rise and low-rise residential complexes consisting of apartments, penthouses and townhouses.

eclipse
from $ 697 000

Bluewaters Bay

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Apartments

74 - 283 sq. m.

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Economic Attractiveness

Bluewaters Island is an important tourist area in Dubai. The island features well-maintained sandy beaches, luxurious resorts, restaurants, world-class entertainment complexes, and several iconic landmarks, including Ain Dubai.

Thanks to its convenient location just 25 minutes from the center of Dubai, real estate on Bluewaters Island is perfect for both families and business people who prefer a resort lifestyle. This area includes a wide variety of property types, from small apartments to spacious townhouses. Such residences can be used for both permanent living and as a country residence for family weekends or vacations. Bluewaters Island combines all the advantages of a metropolis supplemented by a private beach, a vibrant nightlife, and first-class residential infrastructure.

  • well-maintained sandy beaches
  • 25 minutes from the center of Dubai
  • first-class residential infrastructure
  • The average rental yield at 5.8-6.2% per annum
  • The average cost per square meter here is $ 11 000
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Apartments on the island can become a high-quality investment asset. The average rental yield for island residences is estimated at 5.8-6.2% per annum. Due to the limited number of offerings, the cost of premium-class apartment rentals can range from AED 250,000 (USD 68,000) to AED 500,000 (USD 136,000) per year.

The options for purchasing real estate on Bluewaters Island are also limited, which has led to a 51.69% increase in its price compared to last year. The average cost of property per square meter here is AED 40,000 (USD 11,000).

Attractions

As part of Bluewaters Island, a series of iconic tourist attractions have been created, including the world's largest Ferris wheel, Ain Dubai, which stands at 210m high. From the top of the structure, there is a breathtaking view of the Burj Al Arab, Dubai Marina coastline, Palm Jumeirah, Burj Khalifa spire, and the city surroundings. The attraction includes 48 futuristic streamlined cabins and a series of elite capsules with a bar and soft sofas. The Ferris wheel can accommodate up to 1,400 passengers. In the central part of the structure, the world's largest 80-meter LCD screen is installed.

At the base of Ain Dubai, there is a large entertainment center, Bluewaters Wharf. It consists of 132 pavilions with retail shops of popular brands, a series of restaurants, cafes, and landscaped promenades. In total, 164 retail outlets and a traditional Arab market are planned to be opened on the island.

Nightlife enthusiasts and party-goers should visit the elite beach club Cove Beach. Here you can enjoy a show program and performances by musical groups, relax on a well-equipped beach, taste exotic dishes and swim in the pool.

Equally captivating attraction in Bluewaters Island will be Dubai Super Trees - man-made glowing trees reminiscent of Singapore's glass gardens.

Also on the island, the first branch of the famous Madame Tussauds Wax Museum opened in the Middle East. The complex will consist of 7 themed zones and include a total of 60 exhibits. In addition to the main exhibition, the museum collection will be supplemented with 16 sculptures of famous Middle Eastern figures.

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Our experts will help you choose the best. You will get full information about the object you are interested in and the available layout options

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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