Bluewaters Island apartments: living where the whole city comes to visit
A small island with an observation wheel, restaurants and a promenade that draws the whole city. For an owner it is both the main asset and the main drawback.
Bluewaters Bay
Bluewaters Island · Meraas Holding
Project factsheet
Storeys 53
Developer Meraas Holding
Status Under development
District Bluewaters Island
Photos and renders of the building and grounds — not of this particular unit.
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About the building
Located in Bluewaters Island. Developer — Meraas Holding. Architect — EGIS Engineering Consultants.
What the building has
- Sports courts
- Park and landscaping
Specifications for Bluewaters Bay per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Bluewaters Bay is a residential complex of several buildings in Bluewaters Island, currently under construction.
The developer is Meraas Holding. The architecture is by EGIS Engineering Consultants.
The tallest tower rises 53 storeys.
The database currently holds 8 lots in this project, from 1 800 000 AED; 3 of them priced below the market, the deepest discount 20%.
A Meraas building between Bluewaters Island and the JBR beach: apartments from one to four bedrooms and a standalone two-level penthouse.
What's announced
Bluewaters Bay sits between Bluewaters Island and The Beach at JBR. Per the developer's Russian-language brochure, the mix is: one-, two-, three- and four-bedroom apartments plus a standalone two-level penthouse. The ground floor opens directly onto a park.
Shared amenities sit on a podium level: tennis courts, a fitness centre and a panoramic pool. The pool has a key detail — one side looks onto Bluewaters Island and the Ain Dubai wheel, the other onto the beach and the city skyline; meaning which side of the building you're on determines the view not just from your window but from the shared terrace too.
Access is via the Bluewaters bridge, linked to Sheikh Zayed Road; there's also an alternate route through the streets toward Dubai Marina, without joining the highway.
What the neighbouring island offers
On Bluewaters: Ain Dubai, the world's largest observation wheel, and Caesars Palace Dubai, that chain's first hotel outside the US, plus restaurants and shops. The island sits next to JBR, Palm Jumeirah and Dubai Marina.
For residential living this means a constant flow of visitors near the building — an upside for renting, a downside for quiet, and a reason to ask how the residential and tourist entrances are kept separate.
Apartment mix, podium-level composition, access route and island description — the developer's Russian-language project brochure.
What the complex has
Sports courts
Park and landscaping
Where it is
Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppFrequently asked about Bluewaters Bay
Who is the developer of Bluewaters Bay?
Meraas Holding. The architecture is by EGIS Engineering Consultants.
How many floors does Bluewaters Bay have?
53 — that is the tallest building of the complex.
When is Bluewaters Bay handed over?
Bluewaters Bay is still being built. The handover date of a given unit I verify against its contract before the deal.
Where is Bluewaters Bay?
Bluewaters Island. A small island off JBR built around Ain Dubai: low unit count, high specification, and a short bridge to the mainland.
How much does an apartment in Bluewaters Bay cost?
The database currently holds 8 lots in this project, from 1 800 000 AED; 3 of them priced below the market, the deepest discount 20%. Prices move every day, so it is worth asking for the current list for this building.
In the news
What has been written about the building, its developer and Bluewaters Island
Bluewaters Island: 750 homes, an observation wheel, and 33 months without it
A Meraas island opposite JBR that spent almost three years with its anchor attraction switched off. What that did to retail, to housing and to short lets — a rare clean experiment in what an anchor is actually worth.
Where this project stands today
Message me for the free layouts in Bluewaters Bay, the real entry price and what owners and tenants say — not the brochure copy.
Ask a question
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