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 Tower 2
Bluewaters Island
Project factsheet
Storeys 44
Units in the building 312
Status Under development
District Bluewaters Island
About the building
44-storey residential building in Bluewaters Island.
Specifications for Bluewaters Bay Tower 2 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Bluewaters Bay Tower 2 is a 44-storey residential building in Bluewaters Island, currently under construction.
The building holds 312 apartments in total.
The database currently holds 8 lots in this project, from 1 800 000 AED; 1 of them priced below the market, the deepest discount 20%.
Forty-four storeys and 312 apartments on Bluewaters, under construction; our stock has eight units from AED 4.76 to 13.1 million, all below market.
What it is
Bluewaters Bay Tower 2 is a 44-storey residential tower with 312 apartments on Bluewaters Island. Under construction. The passport names neither the developer nor amenities.
On the island Meraas built opposite JBR, the residential part is ten Bluewaters Residences buildings plus a separate Bluewaters Bay tower from a later project. There are no free plots, so new stock has nowhere to come from.
Eight units: the spread matters more than the average
Our stock has eight units, all discounted to market. Six are two-bedrooms: from AED 4,760,000 (20% discount, size not stated) to AED 8,000,000 for 1,463 ft². Four of them are almost identical in size — 1,681–1,682 ft² — and priced from AED 5,459,000 to 6,100,000.
Two are three-bedrooms: 2,059 ft² at AED 9,200,000 and 2,042 ft² at AED 13,100,000. Near-identical sizes, prices millions apart — that's floor and view talking, not square footage. Pairs like this are the main reason to ask for the floor plan and aspect of every unit.
For the island as a whole: 146 listings in our database, median AED 11.1 million, AED 6,512/ft², cheapest AED 1.8 million. By median price Bluewaters ranks 15th of 89.
Fixed supply
The island's defining trait is a finite housing stock: when a new wave of launches hits the city, supply here doesn't grow. The flip side is a narrow pool of buyers for a given unit at a given moment, so a sale can take time.
By our calculation the final payment on the building falls in 2027 — on typical off-plan plans that's 40–60% of the price in one go.
Propsearch passport: 44 storeys, 312 apartments, status under construction; developer not stated. Our stock as of 21 September 2026: 8 listings in the project (bedrooms, sizes, prices, discounts); Bluewaters — 146 listings, median, price per ft², entry price, rank by median price.
Where it is
Lots in this project — 8
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 Tower 2
How many floors does Bluewaters Bay Tower 2 have?
44. The building has 312 apartments.
When is Bluewaters Bay Tower 2 handed over?
Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.
Where is Bluewaters Bay Tower 2?
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 Tower 2 cost?
The database currently holds 8 lots in this project, from 1 800 000 AED; 1 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
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
Ask a question
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