2 Bed at Bluewaters Bay Tower 1 – Sea View, 80% Paid, 10% Below Original Price

Property Overview

This two-bedroom apartment in Tower 1 of Bluewaters Bay, Bluewaters Island, is an off-plan resale offered at AED 4,675,500 for 1,340 sq ft. The agent describes a middle-floor unit with a sea view, 80% paid, with handover in July 2027. The stated original purchase price is AED 5,195,000, so the asking price is AED 519,500 (10.0%) below OP.

Property Highlights

• Asking price: AED 4,675,500
• Original purchase price (agent-stated): AED 5,195,000
• Saving versus OP: AED 519,500 (10.0%)
• Built-up area: 1,340 sq ft
• Rate: approximately AED 3,489 per sq ft
• Floor: middle floor (agent-stated)
• View: sea view (agent-stated)
• Paid to date (agent-stated): 80%
• Handover (agent-stated): July 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 5,195,000, from the agent brief received on 14 October 2026. The asking price of AED 4,675,500 is AED 519,500 lower, equal to 10.0% of OP, matching the agent's stated 10%. Dividing the asking price by 1,340 sq ft gives about AED 3,489 per sq ft.

This comparison is with the seller's own purchase price only. It is not a claim that the unit is below current market value. Confirm the original price in the SPA before making an offer.

About the Project, Developer and Community

Bluewaters Bay is a two-tower residential development by Meraas, part of Dubai Holding Real Estate, on Bluewaters Island off Jumeirah Beach Residence. The towers are joined by a podium with retail and dining, and hold 678 apartments from one to four bedrooms, including penthouses. Published amenities include a landscaped promenade, an outdoor pool, children's play areas and barbecue facilities. Meraas awarded the main construction contract to China State Construction Engineering Corporation (Middle East) in January 2025.

Layout, Floor and View

The agent describes a 1,340 sq ft two-bedroom apartment on a middle floor of Tower 1 with a sea view. The exact floor, bathroom count and parking have not been supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent states that 80% has been paid. Measured against the AED 5,195,000 original price, that is about AED 4,156,000 paid and AED 1,039,000 remaining. If the buyer takes over the remaining balance, about AED 3,636,500 would be payable to the seller. These are indicative calculations; confirm the figures with Meraas's statement of account.

The agent gives handover as July 2027. When Meraas awarded the construction contract in January 2025, it announced completion for Q4 2027. Confirm the contractual date in the SPA.

Location and Connectivity

Bluewaters Island sits off the coast of Jumeirah Beach Residence and Dubai Marina, connected by road bridges and a pedestrian bridge to JBR. It is home to Ain Dubai and a waterfront retail and dining district. Exact travel times have not been verified for this listing.

Verification Notes

• Agent-supplied facts: tower, unit type, size, middle floor, sea view, 80% paid, July 2027 handover, asking price and original price.
• DPF-calculated figures: saving amount, saving percentage, price per sq ft and indicative paid, remaining and seller amounts.
• External research: developer, tower configuration, unit count, unit mix, amenities, contractor and announced Q4 2027 completion, from the Dubai Media Office.
• Not supplied: exact floor, bathrooms, parking and unit number.