High-Floor 1-Bedroom Off-Plan Apartment at Bluewaters Bay, Bluewaters Island — OP + DLD Covered

Property Overview

This is an off-plan high-floor one-bedroom apartment with two bathrooms at Bluewaters Bay, a Meraas Holding development on Bluewaters Island, Dubai. Measuring 799 sq ft with a full water view, it is offered at AED 3,400,000, or about AED 4,255 per sq ft. It is classified OP + DLD Covered, meaning the seller is recovering their original purchase price plus DLD rather than selling at a profit. Handover is around Q3 2027.

Property Highlights

• Off-plan high-floor one-bedroom apartment at Bluewaters Bay, Bluewaters Island
• 799 sq ft with two bathrooms and a full water view
• Priced to cover the seller's original cost plus DLD (cost recovery)
• Island living beside Ain Dubai, steps from JBR Beach and Dubai Marina
• Asking price of AED 3,400,000 (approximately AED 4,255 per sq ft); handover around Q3 2027

Deal Classification

This is a distress listing classified as OP + DLD Covered. The seller is offering at a price that covers their original purchase price plus the DLD fee, exiting at cost rather than at a profit. The original purchase price was not supplied in the brief, so the OP + DLD figure cannot be quantified or verified; it should be confirmed from the signed SPA and Dubai Land Department records before publishing. No savings percentage is stated, because OP + DLD Covered reflects cost recovery rather than a discount below a benchmark. The agent markets it as a "super urgent sale," indicating a motivated seller.

Developer Correction

The written brief listed the developer as Emaar. However, Bluewaters Bay, like Bluewaters Island itself, is developed by Meraas Holding, not Emaar. The developer has been corrected to Meraas for this listing and should be confirmed in the CMS.

Layout, Floor and View

The brief describes a high-floor one-bedroom apartment of 799 sq ft with two bathrooms and a full water view. Parking and furnishing were not supplied and should be confirmed. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

About Bluewaters Bay, Bluewaters Island and Meraas

Bluewaters Bay is an off-plan, two-tower waterfront development by Meraas Holding on Bluewaters Island, launched in Q4 2022, with around 672 one to four-bedroom apartments and five-bedroom penthouses. The residences feature panoramic glass windows and expansive terraces with views of the Arabian Gulf, Ain Dubai, Dubai Marina and the skyline. Amenities include an infinity pool with Ain Dubai and island views, a tennis court, a fitness centre, beach access, a linear park and ground-floor promenade, children's areas, retail and dining. The island connects to Sheikh Zayed Road via the Bluewaters Bridge, steps from JBR Beach and Dubai Marina. Public sources indicate a Q3 2027 (July 2027) handover.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to the developer's transfer process and the signed SPA. The project was offered on a 20/60/20 plan (20% booking, 60% during construction, 20% on handover); the amount paid to date, outstanding balance, transfer fees and exact handover for this unit should be confirmed. Handover is around Q3 2027, though the agent states 'soon'.

Location and Connectivity

Bluewaters Island sits off JBR and Dubai Marina, connected to Sheikh Zayed Road via the Bluewaters Bridge, next to Ain Dubai. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: one-bedroom apartment, 799 sq ft, 2 bathrooms, high floor, full water view, off-plan, AED 3,400,000 asking price; developer stated as Emaar.
• Deal classification: OP + DLD Covered, per the operator; the original price was not supplied, so the OP + DLD figure is not quantified and no savings percentage is stated. Log the OP/DLD from the SPA.
• Developer: corrected from Emaar to Meraas, the actual developer of Bluewaters Bay / Bluewaters Island.
• Calculated by DPF: an indicative AED 4,255 per sq ft from the asking price and stated size.
• Status/handover: agent stated 'soon'; researched as around Q3 2027 (July 2027); confirm.
• Researched project facts: developer (Meraas), Bluewaters Bay 1-bedroom sizes, amenities and handover were taken from Meraas/market sources.
• The agent's "Super Urgent Sale | OP + DLD Covered | Full Water View | High Floor | Handover Soon" statement is preserved as an attributed agent marketing claim.