Bluewaters Residence 1

A nine-storey Meraas building on Bluewaters, completed in 2018. Our nine listings run from AED 9.8 to 42.4 million for two- to four-bedroom apartments.

What kind of building this is

Bluewaters Residence 1 is a mid-rise residential building on Bluewaters island, developer Meraas, completed in 2018. Nine storeys: the island is deliberately built lower than neighbouring Marina, and that's part of its design intent.

Bluewaters is a reclaimed island facing JBR, with the Ain Dubai observation wheel, a pedestrian bridge to the mainland and its own promenade. The residential portion is small, made up of about a dozen similar buildings.

Our nine listings are two-, three- and four-bedroom apartments. Prices range from AED 9.8 to 42.4 million.

A caveat about sizes

The size field in our sample for this building is filled in incorrectly: two-bedrooms show as 645 square feet, three-bedrooms as 968, four-bedrooms as 1,291. There's no such thing as a 1,291-square-foot four-bedroom apartment, and the numbers themselves are related by clean multipliers — a sign that whatever landed in that field isn't the apartment's actual size.

Because of that, the derived figure — price per square foot — is wrong for this building and isn't given in this write-up. Calculating it from a corrupted field would mean presenting an error as a fact.

The practical takeaway for a buyer: get the size for this address from the contract and the floor plan, not the listing. And don't compare lots by price per square foot until the area is confirmed.

What can be said about the prices

A range of AED 9.8 to 42.4 million across nine listings is the top end of the Dubai market. For an island with limited residential development, that level is explained by scarcity: no new buildings will appear on Bluewaters.

Within the range there's a clear step pattern: two-bedrooms run around AED 9.8–11.3 million, three-bedrooms AED 15.5–18.3 million, and the largest lots reach AED 30 and 42.4 million. The steps are even, meaning the building's market is legible and predictable.

We have no discount data for this address in our sample — the field is empty for every listing. That doesn't mean there's no negotiating room; it means our data can't speak to it.

propsearch's building passport (storeys, building type, developer, district, completion year) and our own stock as of 28 August 2026: 9 lots — price range and bedroom mix. The size field for this address is unreliable, and figures derived from it aren't used in this write-up.