2 Bedroom Apartment for Sale in Bluewaters Bay Tower 1, Bluewaters Island, Dubai – Sea View

Middle-Floor 2-Bedroom, 1,340 Sq.Ft with Sea View – 10% Below OP, 80% Paid – Bluewaters Bay Tower 1

This is a standout distress opportunity in one of Dubai’s most exclusive island residential addresses. A middle-floor 2-bedroom apartment of 1,340 sq.ft (124 sq.m) with a sea view in Bluewaters Bay Tower 1 — the premium off-plan development by Meraas on Bluewaters Island — is being offered at AED 4,675,500, which is 10% below the original purchase price of AED 5,195,000, representing a direct saving of AED 519,500 for the incoming buyer. Critically, 80% of the original purchase price has already been paid to the developer, meaning the remaining financial exposure for the buyer relates only to the outstanding completion payment ahead of the July 2027 handover. For investors and end-users seeking a premium sea-view apartment on one of Dubai’s most sought-after man-made islands — home to Ain Dubai, Bluewaters retail, and immediate proximity to JBR and Dubai Marina — at a price the original buyer paid more for, this listing demands immediate attention.

Property Highlights

• Bedrooms: 2
• Size: 1,340 sq.ft (124 sq.m)
• View: Sea View
• Floor: Middle Floor
• Handover: July 2027
• Asking Price (SP): AED 4,675,500
• Original Purchase Price (OP): AED 5,195,000
• Saving vs OP: AED 519,500 (10% below original price paid)
• Amount Paid to Developer: 80% of OP — approx. AED 4,156,000
• Remaining to Developer: 20% — approx. AED 1,039,000 (due on/before handover)
• Price Per Sq.Ft (SP): Approx. AED 3,490 per sq.ft
• Price Per Sq.Ft (OP): Approx. AED 3,878 per sq.ft
• Building: Bluewaters Bay Tower 1
• Island: Bluewaters Island, Dubai
• Developer: Meraas
• Ownership: Freehold – Open to All Nationalities
• Bathrooms: Available on request
• Parking: Available on request

About Bluewaters Bay Tower 1, Bluewaters Island

Bluewaters Bay is a landmark residential development by Meraas — one of Dubai’s most visionary master developers — situated on Bluewaters Island, the bespoke man-made island positioned off the coast of Jumeirah Beach Residence (JBR) and Dubai Marina. The island is anchored by Ain Dubai, the world’s largest and tallest observation wheel, and a curated collection of retail, dining, and entertainment concepts along the Bluewaters promenade. Tower 1 of Bluewaters Bay forms part of this master community, offering residents an unparalleled island living experience with panoramic sea views, direct beach access, and seamless connectivity to Dubai’s most established waterfront districts. Meraas is widely regarded as one of the most design-conscious and quality-focused developers in the UAE, with a portfolio that includes City Walk, Bluewaters, La Mer, and Port de La Mer.

Community & Lifestyle

• On Bluewaters Island — Dubai’s bespoke lifestyle island, home to Ain Dubai and a curated retail and dining precinct
• Immediate proximity to JBR Beach, The Walk JBR, and the Dubai Marina waterfront
• Direct bridge access to Sheikh Zayed Road (E11) from Bluewaters Island
• A short drive to Dubai Marina Mall, Marina Walk, and JBR’s open-air promenade
• World-class restaurants, cafés, boutiques, and entertainment on the island itself
• Family-friendly island community with a relaxed, resort-inspired atmosphere
• Strong appeal to professionals, lifestyle buyers, and short-term rental investors

Amenities

• Swimming Pool with Sea Views
• Fully Equipped Gymnasium
• Children’s Play Area
• Landscaped Podium Gardens and Green Spaces
• 24/7 Security and Concierge Service
• Covered Parking
• High-Speed Elevators
• Lobby and Reception Area
• Direct Access to Bluewaters Island Promenade, Retail, and Dining
• Proximity to Ain Dubai Observation Wheel
• Proximity to JBR Beach
• Additional building amenities available on request

Layout & Floor Plan

This 2-bedroom apartment spans 1,340 sq.ft (124 sq.m) on a middle floor of Bluewaters Bay Tower 1, with a sea view orientation delivering open water vistas from the living area and bedrooms. The layout is designed by Meraas to maximise natural light and the marine outlook, with a well-proportioned open-plan living and dining area, two bedrooms, a kitchen, bathrooms, and balcony access. The detailed architectural floor plan for this 2-bedroom unit in Bluewaters Bay Tower 1 — including exact room dimensions, bathroom count, and balcony measurements — is available on request.

Payment & Handover

This is an off-plan resale from a motivated seller with a handover date of July 2027. The financial structure is highly attractive for incoming buyers:

• Asking Price (SP): AED 4,675,500
• Original Purchase Price (OP): AED 5,195,000
• Discount vs OP: AED 519,500 (10% below what the seller originally paid)
• Amount Already Paid to Developer (Meraas): 80% — approx. AED 4,156,000
• Remaining to Developer: 20% — approx. AED 1,039,000 (due on/around handover July 2027)
• Price Per Sq.Ft (SP): Approx. AED 3,490
• Price Per Sq.Ft (OP): Approx. AED 3,878
• Dubai Land Department (DLD) Transfer Fee: 4% of transaction price
• Handover: July 2027
• Ownership Type: Freehold — all nationalities eligible

The exact remaining payment schedule, NOC process, developer transfer procedures, and any applicable developer admin fees should be confirmed directly with Meraas and a qualified UAE property lawyer prior to proceeding. This is a distress listing from a seller who paid AED 519,500 more than the current asking price — early engagement is strongly recommended.

Location & Connectivity

• Ain Dubai (World’s Largest Observation Wheel): On the island – walkable
• Bluewaters Promenade (Retail & Dining): On the island – walkable
• JBR Beach & The Walk JBR: Approximately 5 minutes by car or water taxi
• Dubai Marina Mall & Marina Walk: Approximately 8–10 minutes by car
• Sheikh Zayed Road (E11): Direct bridge access from Bluewaters Island
• Dubai Marina Metro Station (Red Line): Approximately 10–12 minutes by car
• DIFC: Approximately 20 minutes by car
• Downtown Dubai & Burj Khalifa: Approximately 20–25 minutes by car
• Dubai International Airport (DXB): Approximately 30 minutes by car
• Al Maktoum International Airport: Approximately 30–35 minutes by car

Why Invest in Bluewaters Bay Tower 1, Dubai

• Priced AED 519,500 below the original purchase price — enter the building at less than the seller originally paid, with 80% of construction funding already completed
• At approx. AED 3,490 per sq.ft vs the seller’s OP of AED 3,878 per sq.ft — a rare below-OP entry point into a Meraas island development
• Bluewaters Island is a constrained, master-planned island with finite residential supply — no risk of oversupply diluting values
• Meraas has a world-class track record of delivery and post-handover community quality across all its Dubai projects
• Sea-view apartments on Bluewaters Island command consistent premiums at resale and premium annual and nightly rental rates
• Handover July 2027 — a relatively near-term completion providing capital appreciation potential between now and delivery
• Proximity to JBR, Dubai Marina, and Ain Dubai sustains deep year-round rental demand from tourists, professionals, and short-term let operators
• Freehold ownership open to all nationalities; UAE residency visa eligibility for qualifying buyers
• Dubai’s zero income tax and zero capital gains tax environment maximises net investment returns

Frequently Asked Questions (FAQs)