2 Bedroom Corner Apartment Below OP in Bluewaters Bay, Bluewaters Island

Property Overview

This corner 2 bedroom apartment with maid's room in Bluewaters Bay Building 1, Bluewaters Island is asking AED 5,799,000. The original purchase price was AED 6,100,000, placing the asking price AED 301,000 (4.9%) below the original price. The unit provides 1,682 sq.ft at AED 3,448 per sq.ft, with a full sea view from a corner position. The seller has paid 80% of the purchase price, with the remaining 20% due on handover in Q2 2027.

Property Highlights

• Type: 2 bedroom corner apartment with maid's room
• Size: 1,682 sq.ft
• View: Full sea view
• Corner unit positioning
• Original purchase price: AED 6,100,000
• Asking price: AED 5,799,000
• Savings: AED 301,000 (4.9% below OP)
• Rate: AED 3,448 per sq.ft
• 80% paid by seller
• 20% remaining on handover
• Handover: Q2 2027

Why the Price Qualifies as Below OP

The agent states the original purchase price for this unit was AED 6,100,000. The current asking price of AED 5,799,000 represents a reduction of AED 301,000 (4.9%) from that original price. The seller has already paid 80% of the purchase price, demonstrating significant capital commitment. The willingness to sell below OP despite having paid a substantial portion indicates a motivated exit.

For context, 2 bedroom apartments in Bluewaters Bay start from AED 3,350,000 at 1,225 sq.ft. At 1,682 sq.ft, this corner unit is the largest 2 bedroom configuration in the project, positioned at the premium end of the range. The original price and amount paid should be verified against the seller's SPA and payment receipts before any transaction.

Corner Unit and Sea View

This apartment occupies a corner position within Bluewaters Bay Building 1. Corner units in waterfront buildings benefit from windows on additional sides, providing wider panoramic views and more natural light compared to standard units. The agent describes a full sea view, which from Bluewaters Island can encompass the Arabian Gulf, Ain Dubai, and the Dubai Marina skyline depending on orientation.

At 1,682 sq.ft, this unit exceeds the published 2 bedroom range of 1,225 to 1,650 sq.ft for Bluewaters Bay. The additional space and corner positioning contribute to the premium pricing relative to standard 2 bedroom units.

About Bluewaters Bay and Bluewaters Island

Bluewaters Bay is an upscale waterfront development by Meraas on Bluewaters Island, comprising two towers with 672 residential units. The project offers 1 to 4 bedroom apartments and penthouses with sizes from 800 to 3,050 sq.ft. Construction began in February 2023 with the architecture designed by Woods Bagot. The development payment plan is structured as 20% on booking, 60% during construction, and 20% on handover.

Amenities include an infinity pool overlooking Bluewaters Island and Ain Dubai, a gymnasium, outdoor workout area, tennis court, jogging and walking tracks, beach access, an observation deck, community gardens, BBQ areas, children's pool and play areas, and covered parking. A ground-level promenade connects to a linear park.

Bluewaters Island is a man-made island developed by Meraas, located off the JBR coastline and connected by bridge to Sheikh Zayed Road. The island is home to Ain Dubai, Madame Tussauds Dubai, the existing Bluewaters Residences, Caesars Palace Dubai, and waterfront dining and retail. A pedestrian bridge connects to The Beach at JBR. The nearest metro station is DMCC, approximately 5 to 7 minutes by car.

Payment Structure

The seller has paid 80% of the original purchase price. The remaining 20% is due on handover in Q2 2027. The buyer would need to reimburse the seller for amounts paid and assume the 20% handover payment to Meraas. As the resale price (AED 5,799,000) is below the OP (AED 6,100,000), the total buyer outlay is less than the seller's original commitment. A No Objection Certificate from Meraas is required for the resale transfer. The exact transfer mechanics and any assignment fees should be confirmed with the developer.

Verification Notes

The bedroom count, maid's room, size, corner positioning, full sea view, 80% paid status, original purchase price, asking price, and Q2 2027 handover are sourced from the agent's resale brief received on 14 August 2026. The original price of AED 6,100,000 should be verified against the seller's SPA. The bathroom count, floor number, and furnishing status were not stated and have been omitted. Handover dates across sources range from March to July 2027 and should be confirmed with Meraas. Stable project facts are drawn from the Propsearch building guide, Bayut building data, Luxhabitat, and Property Finder. Buyers should independently verify all facts, obtain a NOC from Meraas, and seek independent legal advice before proceeding.