1BR in Bluewaters Bay Building 1, Bluewaters Island at AED 3,650,000 - 8.3% Below Original Price

Property Overview

A 1-bedroom apartment in Bluewaters Bay Building 1 by Meraas Holding, located on Bluewaters Island, Dubai. The asking price is AED 3,650,000 for 1,101 sqft, equalling AED 3,315 per sqft. The original purchase price was AED 3,981,000, placing this unit at an 8.3% discount with a saving of AED 331,000.

Property Highlights

• Type: 1-bedroom apartment
• Size: 1,101 sqft
• Asking price: AED 3,650,000
• Original price: AED 3,981,000
• Saving: AED 331,000 (8.3%)
• Rate: AED 3,315 per sqft
• Building: Building 1
• Handover: Q1 2027
• Developer: Meraas Holding

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 3,981,000. The asking price of AED 3,650,000 represents a saving of AED 331,000, equal to 8.3% off the original price. Calculation: 331,000 divided by 3,981,000 equals 8.31%, rounded to 8.3%. This matches the agent-stated discount of 8.3%.

DLD transaction context for Building 1 is limited. Two 1BR transactions have been recorded in Building 1: AED 3,315,000 for 797 sqft (June 2026) and AED 2,028,640 for 797 sqft (March 2026). However, these units are 797 sqft compared to the agent unit at 1,101 sqft, a difference of over 300 sqft. The agent unit represents a significantly larger 1BR layout, which commands higher pricing. Direct price comparison is therefore not meaningful without normalising for size.

At per-sqft level, the June DLD transaction works out to AED 4,160 per sqft for 797 sqft, while the asking price is AED 3,315 per sqft for 1,101 sqft. This difference could reflect the typical inverse relationship between unit size and per-sqft rate, or it may indicate that the agent unit is priced competitively relative to smaller layouts.

About Bluewaters Bay and Bluewaters Island

Bluewaters Bay is developed by Meraas Holding and is located between Bluewaters Island and The Beach at JBR. The project comprises multiple buildings offering 1-bedroom apartments from 799 sqft to 5-bedroom penthouses at 6,878 sqft. 1BR layouts in the project range from 799 to 1,257 sqft, with the agent unit at 1,101 sqft sitting in the upper portion of this range.

The development is sold out from the developer. The payment plan follows a 20/60/20 structure. Construction was approximately 22% complete as of January 2026, with handover expected in Q1 2027.

Bluewaters Island is a mixed-use destination featuring Ain Dubai, retail, dining and entertainment facilities. The island is connected to the mainland via a dedicated bridge and pedestrian access to The Beach at JBR.

Amenities and Facilities

Bluewaters Bay features an infinity pool overlooking Ain Dubai, an elevated community garden, fitness centre, tennis courts, children facilities, landscaped walkways and concierge services.

Location and Connectivity

Bluewaters Island is positioned off the JBR coastline in Dubai. The development offers proximity to Dubai Marina (approximately 5 minutes by car), The Palm Jumeirah (approximately 10 minutes) and Downtown Dubai (approximately 15 minutes). The island provides direct pedestrian access to The Beach at JBR.

Payment and Handover

The developer payment plan is 20/60/20 with 20% on booking, 60% during construction and 20% on handover. Buyers acquiring this resale should confirm what portion of the original payment has been completed and what obligations transfer. Handover is expected in Q1 2027.

Verification Notes

The asking price, original price, size, Building 1 specification and urgent sale description are from the agent brief. The 8.3% discount and AED 331,000 saving are calculated figures matching the agent-stated discount. DLD data for Building 1 is limited to two 1BR transactions at 797 sqft, significantly smaller than this 1,101 sqft unit, making direct comparison difficult. Project details including developer, construction status, payment plan and amenities are from Property Finder. DLD transaction data is sourced from Property Finder. Buyers should independently verify the stated original price through the original SPA.