3-Bedroom + Maid in Bluewaters Bay Tower 1 with Ain Dubai View – Urgent Distress Sale

Property Overview

This 3-bedroom plus maid's room apartment in Bluewaters Bay Tower 1, Bluewaters Island, Dubai, is offered at AED 7,500,000 for 2,047 sq ft of built-up area. The agent describes it as an urgent distress sale with a water and Ain Dubai view, two balconies and cash-only terms. Bluewaters Bay is still under construction, so this is an off-plan resale.

Property Highlights

• Property type: 3-bedroom apartment plus maid's room
• Built-up area: 2,047 sq ft
• Asking price: AED 7,500,000
• Asking rate: approximately AED 3,664 per sq ft
• View: water and Ain Dubai (agent-stated)
• Balconies: 2 (agent-stated)
• Terms: cash buyers only; seller wants a fast close (agent-stated)
• Building: Bluewaters Bay Tower 1
• Developer: Meraas

Why This Is Classed as Off-Plan Distress

The agent presents this as an urgent distress sale where the seller needs to close quickly. Because Bluewaters Bay has not yet been completed, DPF classifies it as an Off-Plan Distress resale. Dividing the asking price by 2,047 sq ft gives an asking rate of about AED 3,664 per sq ft.

The brief did not include the seller's original purchase price, a DLD transaction comparison or dated market evidence. DPF has therefore not calculated a saving and does not claim the apartment is priced below original price or below market. Buyers should ask for the original SPA price and review recent Bluewaters Bay resale transactions.

About the Project, Developer and Community

Bluewaters Bay is a two-tower residential development by Meraas on Bluewaters Island, the man-made island off Jumeirah Beach Residence that is home to Ain Dubai. Published project information describes towers of 53 and 44 storeys offering one- to three-bedroom apartments, with facilities including an infinity pool, a fitness centre, a tennis court on the podium, communal gardens, a children's play area and a linear park.

Bluewaters Island itself is a mixed-use destination with residences, hotels, dining and retail, connected to the mainland by road and pedestrian bridges.

Layout, Floor and View

The agent has confirmed a 3-bedroom layout with a maid's room, 2,047 sq ft of built-up area, two balconies and a water view taking in Ain Dubai. Bathroom count, floor number, parking and furnishing were not supplied, and DPF has not assumed them. Request the floor plan to confirm the layout and balcony areas.

Payment and Handover

The seller is accepting cash buyers only, which means the purchase cannot rely on mortgage finance. The amount already paid to the developer, any remaining instalments and this unit's handover date were not supplied. Published project information points to completion during 2027, though sources differ on the exact timing. Buyers should obtain the SPA, Oqood and Meraas statement of account, and confirm the developer's NOC and resale transfer conditions before paying a deposit.

Location and Connectivity

Bluewaters Island sits just off the Jumeirah Beach Residence coastline, linked to the mainland near JBR and Sheikh Zayed Road. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: building, community, property type, bedrooms, maid's room, size, view, two balconies, cash-only terms, urgency and asking price.
• DPF-calculated figure: price per sq ft.
• External research: project status and building facts from published project information, not unit-specific records.
• Not supplied: original purchase price, amount paid, payment plan, unit handover date, unit number, floor, bathrooms and parking.