2 Bedroom Sea View Apartment for Sale in Bluewaters Bay Tower 1, Bluewaters Island, Dubai — Distress AED 4,675,500

Exactly 10% Below OP | AED 519,500 Saving | Sea View | Middle Floor | 1,340 Sq Ft | 80% Paid | 20% Remaining | Handover July 2027 | Meraas

A precisely priced and genuinely rare distress opportunity on one of Dubai’s most exclusive island addresses — a 2-bedroom sea view apartment on a middle floor in Bluewaters Bay Tower 1 by Meraas, Bluewaters Island. The original purchase price was AED 5,195,000. The seller is exiting at AED 4,675,500 — a saving of exactly AED 519,500, representing an exact 10% below the original price. The seller’s total documented acquisition cost, including 4% DLD paid at purchase, was approximately AED 5,402,800 — placing the buyer’s entry approximately AED 727,300 below the seller’s verified all-in cost. 80% of the purchase price has already been paid, leaving 20% outstanding to July 2027 handover. At AED 3,489 per sq ft for a direct sea view 2-bedroom with a middle-floor position on Bluewaters Island — home to Ain Dubai and steps from The Beach at JBR — this represents a compelling distress entry into one of the most finite and internationally recognised residential addresses in the Gulf region. Bluewaters Island is a permanent scarcity story: the island is built, finite, and adjacent to the Gulf waterfront between JBR and the Palm Jumeirah, with no new comparable land available. Acquiring a sea view unit in Bluewaters Bay Tower 1 at 10% below OP with only 20% remaining to a July 2027 handover is a combination of factors that rarely aligns in this market.

Property Highlights

• Project: Bluewaters Bay Tower 1 by Meraas
• Community: Bluewaters Island, Dubai
• Developer: Meraas
• Unit Type: 2 Bedroom
• Size: 1,340 sq ft (124 sqm)
• Floor: Middle floor
• View: Sea view
• Handover: July 2027
• Bathrooms: Available on request
• Parking: Available on request
• Original Price (OP): AED 5,195,000
• Distress Selling Price: AED 4,675,500
• Saving vs OP: AED 519,500 (exactly 10% below OP)
• Seller’s DLD Paid (4% approx.): Approximately AED 207,800
• Seller’s Total Cost (OP + DLD): Approximately AED 5,402,800
• Saving vs Seller’s Total Cost: Approximately AED 727,300 (approximately 13.5%)
• Paid to Date: 80% (approximately AED 4,156,000 of OP)
• Remaining: 20% (approximately AED 1,039,000 of OP)
• Price per Sq Ft (SP): AED 3,489
• Price per Sq Ft (OP): AED 3,877
• Property Status: Off-Plan — Near To Handover — Distress Assignment

About Bluewaters Bay Tower 1 — Bluewaters Island, Dubai

Bluewaters Island is one of Dubai’s most celebrated and permanently finite residential addresses — a man-made island conceived and developed by Meraas as a mixed-use lifestyle destination positioned between JBR and the Palm Jumeirah on the Arabian Gulf waterfront. The island is home to Ain Dubai — the world’s largest observation wheel at 210 metres — which has established Bluewaters as one of the most photographed and internationally recognised landmarks in the Gulf. The residential community on the island is deliberately limited in scale, ensuring that Bluewaters Island will always be one of Dubai’s scarcest and most exclusive addresses. Bluewaters Bay is Meraas’s dedicated residential tower offering on the island — Tower 1 and Tower 2 form the Bay cluster, delivering a specific product type within the Bluewaters ecosystem. A middle-floor 2-bedroom apartment with a sea view in Tower 1 is a straightforward premium product: the Arabian Gulf sea view from a middle floor provides an elevated, open water panorama that encompasses the Gulf, the surrounding JBR and Palm Jumeirah waterfront, and the Dubai Marina skyline — a panorama that is the residential hallmark of the Bluewaters Island address. At AED 4,675,500 for 1,340 sq ft with this view and location, the seller is offering the buyer 10% below their own original price — and approximately 13.5% below their verified total acquisition cost.

Community and Lifestyle

• Bluewaters Island by Meraas — one of Dubai’s most finite, exclusive, and internationally recognised island addresses
• Adjacent to Ain Dubai — world’s largest observation wheel at 210 metres
• Sea view from middle floor — Arabian Gulf panorama encompassing JBR, Palm, and Marina skyline
• Walking distance to The Beach at JBR via the Bluewaters bridge
• Steps from Caesar’s Palace Hotel and Residences — access to hotel amenities and F&B
• Curated dining, retail, and leisure on Bluewaters Island itself
• 1,340 sq ft (124 sqm) — well-proportioned 2-bedroom for this premium location
• Meraas construction quality — premium build standard with in-house quality management
• July 2027 handover — approximately 14 months remaining, near-to-completion window
• Strong global investor demand for Bluewaters Island units — scarcity premium is permanent

Amenities

• Swimming pools and leisure deck
• Gymnasium and fitness facilities
• Spa and wellness facilities
• Retail and dining on Bluewaters Island — curated and lifestyle-focused
• Waterfront promenade with Arabian Gulf views
• Direct beach access via The Beach at JBR (walking distance)
• Ain Dubai — world’s largest observation wheel on the island
• Caesar’s Palace Dubai — hotel and dining access on the island
• Community parks and landscaped open spaces
• Concierge and community management services
• 24/7 security and access control
• Parking (allocation details available on request)
• Full confirmed amenities and service charge on request from Meraas

Layout and Floor Plan

This 2-bedroom apartment in Bluewaters Bay Tower 1 spans 1,340 sq ft (124 sqm) on a middle floor with a direct sea view facing the Arabian Gulf. Meraas’s design specification for Bluewaters Bay reflects the premium positioning of the address — the layout prioritises the sea view from the primary living spaces and master bedroom, with the living and dining area opening to a balcony or terrace that faces the water. The 1,340 sq ft (124 sqm) footprint delivers two bedroom suites — master with en-suite bathroom — a second bedroom with bathroom access, a living and dining area of generous proportions relative to the size, a fitted kitchen, and balcony access to the sea view. The middle floor position provides the elevated perspective that makes the Arabian Gulf panorama expansive and permanent — no adjacent structures can obstruct the view at this height in the Tower 1 orientation. Full floor plan with room-by-room dimensions, bathroom layout, kitchen configuration, balcony area, and exact floor and unit orientation are available on request from our team or directly from Meraas.

Payment Plan and Distress Position

This is a near-to-handover off-plan distress assignment in Bluewaters Bay Tower 1, Bluewaters Island — with 80% of the purchase price already paid and July 2027 handover approximately 14 months away.

Distress Price Analysis

• Original Purchase Price (OP): AED 5,195,000
• Seller’s DLD Paid (4% of OP): Approximately AED 207,800
• Seller’s Total Documented Cost: Approximately AED 5,402,800
• Distress Selling Price: AED 4,675,500
• Saving vs OP: AED 519,500 (exactly 10% below OP)
• Saving vs Seller’s Total Cost: Approximately AED 727,300 (approximately 13.5%)
• Price per Sq Ft (SP): AED 3,489
• Price per Sq Ft (OP): AED 3,877

Payment Structure

• Paid to Date (80% of OP): Approximately AED 4,156,000
• Remaining (20% of OP): Approximately AED 1,039,000
• Handover: July 2027
• Full remaining payment schedule: Available on request

Estimated Buyer All-In Cost

• Assignment Price (SP): AED 4,675,500
• DLD Transfer Fee (4%): AED 187,020
• DLD Administrative Fee: Approximately AED 580
• Agency Commission (2% + VAT): Approximately AED 98,186
• Total Estimated All-In: Approximately AED 4,961,286
• Saving vs Seller’s Total Original Cost: Approximately AED 441,514

Meraas NOC and assignment processing fees apply in addition to the above. Full payment schedule, NOC requirements, and all due diligence documentation are available on request.

Location and Connectivity

• Community: Bluewaters Island, Dubai
• Access: Bridge to JBR / Sheikh Zayed Road (E11)
• The Beach at JBR: Walking distance via Bluewaters bridge
• JBR The Walk: Walking distance
• Dubai Marina: Approximately 5–10 minutes by car
• Palm Jumeirah: Approximately 10–15 minutes by car
• Mall of the Emirates: Approximately 15–20 minutes by car
• Dubai Hills Mall: Approximately 20–25 minutes by car
• Downtown Dubai / Burj Khalifa: Approximately 20–25 minutes by car
• DIFC: Approximately 20–25 minutes by car
• Dubai International Airport (DXB): Approximately 25–30 minutes by car
• Al Maktoum International Airport (DWC): Approximately 35–40 minutes by car

Why This Bluewaters Bay Distress Listing Is an Exceptional Opportunity

• Exactly 10% below OP — AED 519,500 verified saving on a documented purchase price
• Approximately 13.5% below seller’s verified total cost including DLD (saving approximately AED 727,300)
• Even buyer’s own all-in (SP + DLD + agency) is approximately AED 441,500 below seller’s original total cost
• Sea view from middle floor — Arabian Gulf panorama on Bluewaters Island
• 80% paid — limited remaining exposure, near-to-handover position
• July 2027 handover — approximately 14 months to ownership
• Bluewaters Island — permanently finite supply, no comparable new land available
• Ain Dubai on-island — the world’s largest observation wheel as a daily landmark
• Walking distance to The Beach at JBR and Dubai’s best waterfront lifestyle
• Meraas developer quality — premium construction with in-house quality management
• Freehold — available to all nationalities worldwide

Frequently Asked Questions