The first 9 frames come from the seller’s own listing; the rest show the building and its grounds.
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Bluewaters Island
BLUEWATERS BAY - BUILDING 1
2 BR · Apartment
What the seller states
- Floor
- (12-22)
- View
- Sea
- Balcony
- Yes
Details as stated by the seller for this specific unit — not characteristics of the building.
Payment plan
About the building
53-storey residential building in Bluewaters Island.
Specifications for Bluewaters Bay Tower 1 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
Bluewaters Island
A small island off JBR built around Ain Dubai: low unit count, high specification, and a short bridge to the mainland.
- low-density waterfront
- upmarket short-let
- capital preservation
What to check: The market here is small, so comparable transactions are few and resale takes longer than on the mainland. Buy it as a long hold and confirm the service charge, which is high by Dubai standards for a low unit count.
Full district guide →Questions and answers about lot NP2-470334
How much is this 2-bedroom apartment in BLUEWATERS BAY - BUILDING 1?
Lot NP2-470334 is priced at AED 5 252 000, about $1 430 000. The size is 1 670 sq ft (155 m²), which works out at AED 3 145 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 6 362 000; it is now AED 5 252 000 — AED 1 110 000 less, or 17%.
Is this expensive or cheap for Bluewaters Island?
The database holds 142 lots in Bluewaters Island, starting from AED 1 800 000. The area median is AED 6 629 per sq ft; this lot is at AED 3 145. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 4 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Bluewaters Island area guide →Is the property ready or still under construction?
The handover date in the listing is Q3 2027. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 210 080 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 5 252 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about BLUEWATERS BAY - BUILDING 1?
The building has 53 floors and 360 units. The developer is Meraas. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: floor — (12-22); view — Sea. The seller's wording is quoted as is.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP2-470334 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video
Video: BLUEWATERS BAY - BUILDING 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Full reviews
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.
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