2 Bed + Maid Corner Unit at Bluewaters Bay Building 1 – High Floor Sea View, 17.4% Below Original Price

Property Overview

This two-bedroom-plus-maid's corner apartment in Building 1 of Bluewaters Bay, Bluewaters Island, is an off-plan resale offered at AED 5,252,000 for 1,670 sq ft. The agent describes a high-floor unit with a sea view and handover in Q3 2027. The stated original purchase price is AED 6,362,000, so the asking price is AED 1,110,000 (17.4%) below OP and 20.6% below OP plus the 4% DLD fee.

Property Highlights

• Asking price: AED 5,252,000
• Original purchase price (agent-stated): AED 6,362,000
• Saving versus OP: AED 1,110,000 (17.4%)
• OP plus 4% DLD fee (calculated): AED 6,616,480
• Saving versus OP plus DLD: AED 1,364,480 (20.6%)
• Built-up area: 1,670 sq ft
• Rate: approximately AED 3,145 per sq ft
• Layout: 2 bedrooms plus maid's room
• Position: corner unit, high floor (agent-stated)
• View: sea view (agent-stated)
• Handover (agent-stated): Q3 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 6,362,000, from the agent brief received on 14 October 2026. The asking price of AED 5,252,000 is AED 1,110,000 lower, equal to 17.4% of OP. Adding the standard 4% DLD fee (AED 254,480) gives AED 6,616,480, so the asking price is AED 1,364,480 (20.6%) below the seller's combined cost. The agent describes the deal as 17.4% below OP plus DLD; DPF's calculation shows 17.4% below OP alone and 20.6% below OP plus DLD. Dividing the asking price by 1,670 sq ft gives about AED 3,145 per sq ft.

This comparison is with the seller's own purchase cost only. It is not a claim that the unit is below current market value.

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 1,670 sq ft two-bedroom apartment with a maid's room, in a corner position on a high floor of Building 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 amount the seller has paid and the remaining balance were not supplied. Obtain Meraas's statement of account showing what has been paid and the instalments still due. The agent gives handover as Q3 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: building, unit type, size, corner position, high floor, sea view, Q3 2027 handover, asking price and original price.
• DPF-calculated figures: savings against OP and against OP plus 4% DLD, and price per sq ft.
• External research: developer, tower configuration, unit count, unit mix, amenities, contractor and announced Q4 2027 completion, from the Dubai Media Office.
• Corrected figure: the agent's 17.4% matches the discount to OP; against OP plus DLD it is 20.6%.
• Not supplied: amount paid, remaining balance, exact floor, bathrooms, parking and unit number.