Distress Deal | 1BR | Bluewaters Bay, Bluewaters Island Dubai — Selling at OP + DLD, Zero Seller Profit
Ref: DPF-BWB-1BR-800-001
Bluewaters Island, United Arab Emirates
Bedrooms
1Down Payment
On RequestHandover Date
July 2027Request_call
Description
Distress Deal | 1-Bedroom Apartment | Bluewaters Bay, Bluewaters Island, Dubai
Seller Exits at Zero Profit — 1BR in Bluewaters Bay at AED 2,800,000 (OP + DLD Cost Recovery Only)
This is a clearly motivated and financially transparent distress opportunity for investors and end-users targeting the Bluewaters Bay resale market. A 1-bedroom apartment on a low floor in Bluewaters Bay, Bluewaters Island by meraas is now offered at AED 2,800,000 — a price that exactly equals the seller’s original purchase price of AED 2,700,000 plus the 4% Dubai Land Department fees of approximately AED 100,000 paid at original acquisition. The seller exits with zero profit, zero capital appreciation, and will additionally absorb agent commission and any resale administration costs from their own proceeds. The incoming buyer pays no resale premium above what the original buyer paid in total to acquire this unit. At 800 sq ft with handover scheduled for July 2027 on one of Dubai’s most exclusive and iconic island addresses, this listing represents a rare opportunity to enter Bluewaters Bay at the seller’s total cost basis — with none of the resale markup that typically accompanies Bluewaters Island transactions.
Property Highlights
- Property Type: Apartment
- Project: Bluewaters Bay, Bluewaters Island, Dubai
- Developer: Meraas
- Layout: 1 Bedroom
- Size: 800 sq ft
- Floor: Low Floor
- Status: Off-Plan — Distress Property
- Handover: July 2027 (Q3 2027)
- Seller’s Original Purchase Price: AED 2,700,000
- Seller’s DLD Paid (4%): approximately AED 100,000
- Seller’s Total Acquisition Cost: AED 2,800,000
- Asking Price: AED 2,800,000
- Seller’s Profit: Zero — seller recovers acquisition cost only
- Buyer Resale Premium Over Seller’s Total Cost: None
- Payment Plan: Available on request
- Ownership: Freehold — All Nationalities
About Bluewaters Bay, Bluewaters Island
Bluewaters Bay is an meraas residential development on Bluewaters Island — one of Dubai’s most exclusive and instantly recognisable man-made island destinations, developed off the Jumeirah Beach Residence (JBR) coastline. The island is home to Ain Dubai, the world’s largest and tallest observation wheel, and is anchored by a curated retail, dining, and entertainment boulevard that has established Bluewaters as a genuine destination for residents, visitors, and investors alike. meraas’s Bluewaters Bay adds a new residential chapter to this island address, delivering the developer’s trademark quality finishing, amenity standards, and community design ethos within one of Dubai’s most coveted and supply-limited waterfront postcodes.
Community and Lifestyle
- Bluewaters Island — one of Dubai’s most exclusive man-made island residential addresses
- Home to Ain Dubai — the world’s largest and tallest observation wheel — creating a unique landmark backdrop
- Island retail boulevard with curated dining, cafes, and entertainment destinations
- Direct boardwalk and beach access on the island perimeter
- Directly connected to JBR and The Walk via the Bluewaters Bridge and boardwalk
- Caesars Palace Bluewaters Dubai — five-star hotel and beach club within the island
- Low-density, pedestrian-friendly island environment unlike any other in Dubai
- Bluewaters Ferry Service connecting the island to Dubai Marina and other waterfront destinations
- High demand from DIFC and Marina-based professionals, international investors, and holiday-home buyers
The Zero-Profit Distress Case
The financial proposition of this listing is unusually clear and investor-friendly. Most off-plan resales in desirable Dubai addresses carry a resale premium — buyers typically pay above the original price because the market has moved since launch. In this case, the seller is offering the unit at AED 2,800,000 — the precise sum of their original purchase price (AED 2,700,000) plus the 4% DLD fees they paid at acquisition (approximately AED 100,000). This means the seller recovers only what they originally paid to acquire the unit, absorbs all carrying costs since purchase, and will further lose the agent commission on the resale transaction from their own proceeds. The buyer, by contrast, acquires a unit on one of Dubai’s most iconic and supply-constrained island addresses at a price that carries no resale markup above the seller’s full acquisition cost — a structurally unusual and advantageous starting position for an off-plan resale purchase in this market.
Amenities
- Swimming Pool with Island and Sea Views
- Fully Equipped Gymnasium and Fitness Centre
- Children’s Play Area and Kids Zone
- Landscaped Podium Gardens and Communal Outdoor Spaces
- Covered Residents’ Parking
- 24/7 Security and CCTV Monitoring
- Concierge and Building Management Services
- Retail and Dining on the Bluewaters Island Boulevard — Walking Distance
- Ain Dubai — World’s Largest Observation Wheel — On the Island
- Caesars Palace Bluewaters Dubai — Five-Star Hotel and Beach Club — On the Island
- Bluewaters Boardwalk and Beach Promenade
- High-Speed Elevators and Smart Building Systems
Layout and Floor Plan
This 1-bedroom apartment in Bluewaters Bay spans 800 sq ft across a well-considered single-floor layout designed to maximise every available square foot. The low-floor positioning provides accessibility and community-level connection while still benefiting from the island environment and meraas’s quality finishing specification. The layout is expected to include an open-plan kitchen and living area with balcony access, a dedicated bedroom with built-in wardrobes, a full bathroom, and outdoor space capturing views of the island landscape or surrounding waterfront. Detailed floor plan, exact floor number, view orientation, and internal configuration for this 1-bedroom unit in Bluewaters Bay are available on request from the listing agent.
Payment and Handover
This unit is an off-plan distress resale at AED 2,800,000. The seller’s total documented cost of acquiring this unit was AED 2,800,000 — comprising an original purchase price of AED 2,700,000 and 4% DLD fees of approximately AED 100,000. By pricing at AED 2,800,000, the seller recovers only their original investment in full with no profit, no capital appreciation, and will absorb agent commission and resale costs on top. The incoming buyer assumes the remaining payment obligations under the original meraas Bluewaters Bay payment plan. Handover is scheduled for July 2027. Dubai Land Department fees applicable to the incoming buyer are typically 4% of the purchase price. All additional transaction costs are available on request.
Location and Connectivity
- JBR (Jumeirah Beach Residence) and The Walk: walking distance via Bluewaters Bridge
- Dubai Marina: approximately 5–10 minutes by car
- Mall of the Emirates: approximately 10–15 minutes by car
- Dubai Internet City and Media City: approximately 10 minutes by car
- DIFC and Downtown Dubai: approximately 20–25 minutes by car
- Dubai International Airport (DXB): approximately 25–30 minutes by car
- Al Maktoum International Airport: approximately 30 minutes by car
- Bluewaters Ferry Service: connecting to Dubai Marina and waterfront destinations
- Sheikh Zayed Road (E11): via Jumeirah Beach Residence access
Why Invest in Bluewaters Bay, Bluewaters Island
- Seller exits at zero profit — buyer pays no resale premium above the seller’s full acquisition cost
- Bluewaters Island is one of Dubai’s most supply-limited and globally recognised residential addresses
- Ain Dubai — the world’s largest observation wheel — provides an unrivalled lifestyle and tourism backdrop
- meraas quality and delivery credentials — one of Dubai’s most trusted developers
- July 2027 handover with structured remaining payments under the original meraas plan
- Curated island retail, dining, and entertainment boulevard accessible on foot from the building
- Caesars Palace Bluewaters Dubai provides five-star beach club access within the island
- Sustained demand from short-term rental investors, holiday-home buyers, and DIFC professionals
- Freehold ownership available to all nationalities with UAE investor visa eligibility
- Price per sq ft of approximately AED 3,500 — fair entry for a Bluewaters Island meraas product
Frequently Asked Questions (FAQs)
What is the asking price and why is this structured as a distress deal?
The asking price is AED 2,800,000. The seller’s original purchase price was AED 2,700,000 and they paid 4% DLD fees of approximately AED 100,000 at acquisition, bringing their total cost to AED 2,800,000. By selling at AED 2,800,000, the seller recovers only their documented acquisition cost — they make zero profit, receive no capital appreciation despite holding the asset through construction, and will further absorb agent commission on the sale. The buyer pays no resale markup above the seller’s full cost basis, which is an unusually favourable entry point for any off-plan resale on Bluewaters Island.
When is the handover for Bluewaters Bay?
Handover is scheduled for July 2027. Please confirm the most current project status and delivery timeline directly with meraas or through the listing agent for the latest update.
Who is the developer of Bluewaters Bay?
Bluewaters Bay is developed by meraas Properties, Dubai’s largest and most internationally recognised real estate developer, responsible for Burj Khalifa, Downtown Dubai, Dubai Hills Estate, Dubai Creek Harbour, and the Bluewaters Island masterplan partnership with Meraas. meraas’s consistent delivery track record supports confidence in the July 2027 handover.
What is the size and floor of this apartment?
This is a 1-bedroom apartment spanning 800 sq ft on a low floor in Bluewaters Bay. The exact floor number, view direction, and detailed floor plan are available on request from the listing agent.
What makes Bluewaters Island such a distinctive investment location?
Bluewaters Island is one of Dubai’s most supply-constrained and globally branded residential addresses. It is home to Ain Dubai — the world’s largest and tallest observation wheel — which creates a unique landmark identity for the island internationally. The curated island boulevard, Caesars Palace hotel and beach club, direct boardwalk connection to JBR, and the ferry service to Dubai Marina collectively make Bluewaters one of the most complete lifestyle island environments in the world. Residential supply on the island is finite and the global recognition of Ain Dubai continues to drive sustained visitor, tenant, and investor demand.
What payment plan applies and what has the seller already paid?
This is an off-plan resale. The amounts already paid by the seller and the remaining installment schedule under the original meraas Bluewaters Bay payment plan are available on request from the listing agent. Dubai Land Department fees applicable to the incoming buyer are typically 4% of the purchase price. All additional transaction costs are available on request.
Is Bluewaters Bay freehold and can all nationalities purchase it?
Yes. Bluewaters Island is a designated freehold zone in Dubai. Bluewaters Bay is available for purchase by all nationalities. Please confirm the current UAE investor visa eligibility threshold with the relevant authority at the time of purchase.
What amenities are available to Bluewaters Bay residents?
Bluewaters Bay residents benefit from a community swimming pool, gymnasium, children’s play area, landscaped gardens, covered parking, 24/7 security, and concierge services. The wider Bluewaters Island community provides direct access to the retail and dining boulevard, Ain Dubai, Caesars Palace Bluewaters Dubai, the boardwalk beach promenade, and the ferry service — all within walking distance.
What rental potential does a 1-bedroom on Bluewaters Island carry?
Bluewaters Island commands strong rental demand — particularly for short-term holiday rentals and annual leases — driven by its unique island lifestyle, Ain Dubai’s international profile, Caesars Palace, and proximity to JBR. 1-bedroom apartments on the island attract holiday-home operators, DIFC and Marina-based professionals, and international tenants. Indicative rental income estimates for this specific Bluewaters Bay 1-bedroom configuration are available on request from the listing agent.
How do I request the floor plan or proceed with the purchase?
Detailed floor plans, the meraas Bluewaters Bay project brochure, payment plan breakdown, and all supporting documentation are available on request from the listing agent. Contact the agent directly to proceed. Given the zero-profit seller exit and Bluewaters Island’s supply-constrained status, early engagement is recommended.
Floor Plan
This 1-bedroom apartment in Bluewaters Bay, Bluewaters Island spans 800 sq ft across an efficiently designed single-floor layout. meraas is known for delivering well-considered spatial planning — meraas's approach in Bluewaters Bay similarly prioritises usable internal space, with the layout expected to include an open-plan kitchen and living area with balcony access, a dedicated bedroom with built-in wardrobes, a full bathroom, and outdoor space connected to the island environment. The low-floor positioning provides easy vertical accessibility and a community-level connection to the Bluewaters Island environment immediately outside. The exact floor number, view direction, balcony dimensions, kitchen specification, and the full architectural floor plan for this 1-bedroom unit in Bluewaters Bay, Bluewaters Island are available on request from the listing agent.
Payment_Plan
| Milestone | Payment% |
|---|---|
| Down_Payment | On Request |
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