Off-Plan 2-Bedroom + Maid Corner Sea View Apartment in Bluewaters Bay, Bluewaters Island – Below OP

Property Overview

This is an off-plan two-bedroom apartment with a maid's room and laundry in Bluewaters Bay Building 1, Bluewaters Island, by Meraas. It is a 03-series corner unit with a full sea view, offered at AED 5,500,000, which is AED 600,000 (9.8%) below the agent-stated original price of AED 6,100,000. It measures 1,682 sq ft, is 80% paid and handover is stated as Q2 2027.

Property Highlights

• Asking price: AED 5,500,000 (agent states non-negotiable)
• Original price (agent-stated): AED 6,100,000
• Saving: AED 600,000 (9.8%)
• Built-up area: 1,682 sq ft
• Price per sq ft: approximately AED 3,270
• Bedrooms: 2 plus maid's room and laundry
• Position: 03-series corner unit
• View: full sea view
• Paid to date: 80% (agent-stated)
• Handover: Q2 2027 (agent-stated)

Why the Price Qualifies as Below OP

The agent states an original price of AED 6,100,000. At AED 5,500,000, the asking price is AED 600,000 lower, a 9.8% discount on the original price. DPF calculated the rate as AED 3,270 per sq ft (AED 5,500,000 divided by 1,682 sq ft).

Confirm the original price against the seller's SPA and Oqood before committing.

Indicative Payment Split

If 80% of the AED 6,100,000 original price has been paid, the seller has paid about AED 4,880,000 and about AED 1,220,000 remains due to the developer. On that basis, a buyer would pay the seller roughly AED 4,280,000 and take over the remaining balance, for a total of AED 5,500,000 before transfer fees.

These are DPF estimates from the agent's percentage. Confirm the exact figures from the developer's statement of account.

About the Project, Developer and Community

Bluewaters Bay is a two-building residential project by Meraas on Bluewaters Island, launched in 2023, offering one- to four-bedroom seafront apartments. Listed facilities include swimming and infinity pools, a gym, a tennis court, a children's club, a residents' lounge, gardens and a BBQ area.

Bluewaters Island sits off Jumeirah Beach Residence, home to Ain Dubai, with pedestrian links to The Walk at JBR and Dubai Marina and road access via Bluewaters Bridge to Sheikh Zayed Road.

Layout, Floor and View

The agent states the apartment has two bedrooms, a maid's room and a laundry room, is a corner unit in the 03 series and has a full sea view. The brief does not give the floor, bathroom count, parking or furnishing, so those are not listed.

Payment Plan and Handover

The agent states 80% has been paid and handover is expected in Q2 2027. Confirm the remaining instalments, Meraas transfer requirements and the SPA handover date before signing.

Location and Connectivity

Bluewaters Island connects to Sheikh Zayed Road via Bluewaters Bridge and to JBR by pedestrian bridge. DPF does not quote travel times.

Verification Notes

• Agent-supplied: price, original price, size, bedrooms, maid's room, laundry, 03-series corner position, sea view, 80% paid, Q2 2027 handover and non-negotiable pricing.
• DPF-calculated: saving, discount percentage, price per sq ft and indicative payment split.
• External research: building count, unit range, launch year, amenities and island access from published project information.
• Not supplied: floor, bathrooms, parking and furnishing.