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

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

AED 4,675,500

Deal typeOff-Plan Distress
PriceAED 4,675,500
Bedrooms2
Size1340 sq.ft
TypeApartment
StatusNear Handover
HandoverJuly 2027
Area / Master developmentBluewaters Island

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

Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.

Frequently asked questions

What is the asking price and how does it compare to the original purchase price?

The asking price is AED 4,675,500 — AED 519,500, or 10%, below the original purchase price of AED 5,195,000 paid by the current owner. On a per-sq.ft basis, this equates to approximately AED 3,490 per sq.ft asking versus AED 3,878 per sq.ft at the original price. The buyer acquires the unit at a genuine below-OP discount in one of Dubai's most exclusive island addresses.

How much has already been paid to the developer?

80% of the original purchase price has already been paid to Meraas — equivalent to approximately AED 4,156,000. The remaining 20% (approximately AED 1,039,000) is due to the developer on or around the July 2027 handover. The exact payment schedule and NOC process should be confirmed with Meraas and a qualified property lawyer prior to proceeding.

When is the handover for Bluewaters Bay Tower 1?

The scheduled handover date for this unit in Bluewaters Bay Tower 1 is July 2027 , subject to confirmation with the latest official update from Meraas. This is a near-term handover, providing buyers with a relatively short wait to completion and occupancy or rental income generation.

Who is the developer of Bluewaters Bay?

Bluewaters Bay is developed by Meraas , one of Dubai's most respected and design-led master developers. Meraas is responsible for some of Dubai's most successful mixed-use destinations including City Walk, Bluewaters Island, La Mer, and Port de La Mer — all characterised by high quality, distinctive design, and strong post-handover community performance.

What is the size and layout of this 2-bedroom apartment?

This is a 2-bedroom apartment spanning 1,340 sq.ft (124 sq.m) on a middle floor with a sea view. The exact number of bathrooms, individual room dimensions, and detailed floor plan are available on request. Please contact our team for the complete unit specification sheet.

What sea view does this middle-floor unit have?

This unit has a sea view from a middle floor in Bluewaters Bay Tower 1, positioned on Bluewaters Island off the coast of JBR. Sea-view units on Bluewaters Island offer open Arabian Gulf vistas and are among the most in-demand orientations in the building, consistently commanding premiums at resale and in the rental market.

Can any nationality purchase this property?

Yes. Bluewaters Island is a designated freehold area in Dubai. Bluewaters Bay Tower 1 is a freehold development, fully available for purchase by all nationalities worldwide with no restrictions on foreign ownership. Qualifying buyers may also be eligible for a UAE residency visa.

What amenities does Bluewaters Bay Tower 1 offer?

The building offers a swimming pool with sea views, a fully equipped gymnasium, children's play area, landscaped podium gardens, 24/7 security and concierge, covered parking, and high-speed elevators. Residents also enjoy direct access to the Bluewaters Island promenade, retail, and dining, as well as proximity to Ain Dubai and JBR Beach. Full amenity details are available on request.

What are the transfer and acquisition costs for this off-plan resale?

The standard Dubai Land Department (DLD) transfer fee of 4% of the transaction price applies. Additional costs may include agency commission, NOC fees payable to Meraas, trustee office fees, and mortgage registration fees if bank financing is used. The full cost breakdown, including developer NOC and admin fees specific to Meraas resale procedures, is available on request. We strongly recommend engaging a UAE-qualified property lawyer before proceeding.

What is the rental and investment potential of this unit?

Sea-view 2-bedroom apartments on Bluewaters Island are among the most sought-after rental assets in Dubai's waterfront market, attracting both long-term professional tenants and premium short-term and holiday-let demand from the JBR, Marina, and Ain Dubai tourism catchment. Current market rental benchmarks and projected gross yields for this specific unit — including post-handover short-term rental estimates — are available on request from our team.

Buyer costs

What you will pay

Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.

AED
Sale price—
DLD transfer fee—
NOC fee—
Trustee / registration—
Agency fee—
VAT on agency (5%)—

Total cost

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Full payment schedule and unit details are released to qualified buyers on enquiry.

Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.

Finance

Mortgage estimate

Indicative monthly repayment on a UAE bank mortgage.

AED
Down payment—
Loan amount—
Total interest—
Total repaid—

Monthly payment

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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.

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AreaBluewaters IslandCityDubaiTypeApartmentBedrooms2 BedroomsCountryUnited Arab EmiratesBrowseAll distress deals

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