Distress Sale — 10% Below OP: 2BR Sea View in Bluewaters Bay Tower 1, Meraas

10% Below OP | 13.46% Below OP+DLD | AED 519,500 Saving | Sea View | Middle Floor | 1,340 Sqft | 80% Paid | July 2027 | AED 4,675,500

This is a distress listing for a 2-bedroom sea view apartment on a middle floor of Tower 1 in Bluewaters Bay by Meraas, Bluewaters Island, Dubai, UAE. The seller’s original purchase price was AED 5,195,000. The distress selling price is AED 4,675,500 — exactly 10% below OP, a saving of AED 519,500. Including the 4% DLD the seller paid at Oqood registration (~AED 207,800), the buyer saves approximately AED 727,300 (13.46%) versus the seller’s total all-in acquisition cost of approximately AED 5,402,800. 80% of the purchase price has been paid by the seller — only 20% (AED 935,100 on the distress price) remains due at July 2027 handover, and this balance is mortgageable from UAE banks. At AED 3,489/sqft for a sea view middle-floor 2BR in Tower 1 of Bluewaters Bay — one of Meraas’ most anticipated and prestigious Bluewaters Island residential launches — this is a compelling opportunity for buyers and investors seeking below-OP entry into a Bluewaters Island address with Ain Dubai as a direct neighbour and JBR Beach as a doorstep amenity.

Property Highlights

• Project: Bluewaters Bay
• Developer: Meraas (Dubai Holding)
• Tower: Tower 1
• Location: Bluewaters Island, Dubai
• Unit Type: 2 Bedroom Apartment
• Size: 1,340 sq ft (124 sqm)
• Floor: Middle Floor
• View: Sea View (Arabian Gulf)
• Bathrooms: 3 (standard for 2BR Bluewaters Bay)
• Balcony: Yes
• Kitchen: Superior layout with contemporary finishes
• Master Bedroom: Panoramic sea views
• Lobby: Double-height lobby with sea and skyline views
• Parking: Covered parking
• Handover: July 2027 (Q3 2027)
• Payment Plan: 80/20 (80% during construction + 20% handover)
• Paid to Date: 80% of purchase price (AED 3,740,400 on SP basis)
• Remaining at Handover: 20% = AED 935,100 (mortgageable)
• Seller’s OP: AED 5,195,000
• Seller’s 4% DLD: ~AED 207,800
• Seller’s Total Entry (OP+DLD): ~AED 5,402,800
• Distress Selling Price: AED 4,675,500
• Saving vs OP: AED 519,500 (10.0%)
• Saving vs OP+DLD: ~AED 727,300 (~13.46%)
• Entry Price per Sqft: AED 3,489/sqft
• Construction Progress (March 2026): Tower 1 at Level 27 (23% overall per Meraas)
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | Under Construction

About Bluewaters Bay — Meraas’ Return to Bluewaters Island

Bluewaters Bay is the first new residential project launched by Meraas on Bluewaters Island in several years — a highly anticipated addition to the island’s residential portfolio and confirmation that Meraas continues to invest in the Bluewaters Island masterplan. Launched in Q4 2022, Bluewaters Bay comprises two towers delivering 672 residential units: 1-bedroom apartments from AED 2,560,000 to 4-bedroom apartments and 5-bedroom penthouses. Tower 1 (this distress unit’s building) reached Level 27 as of March 10, 2026, with overall project progress confirmed at 23% per Meraas’ official site and at 22.29% per RERA’s independent inspection of January 2026. 2-bedroom apartments in Bluewaters Bay range from 1,225 to 1,650 sq ft with 3 bathrooms, a living and dining area, a kitchen, and a balcony. The 1,340 sqft 2BR configuration in this listing — at the lower end of the 2BR size range — sits on a middle floor of Tower 1 with sea views. The developer is Meraas — a Dubai Holding company and the creator of City Walk, La Mer, Box Park, Nikki Beach Residences, Port de La Mer, and BVLGARI Residences in Dubai — providing the strongest quality assurance and delivery confidence available for a July 2027 handover. The interior specification for Bluewaters Bay 2BR units includes superior kitchen layouts with contemporary finishes, panoramic sea views from the master bedroom, upgraded bathroom finishes, and large balconies overlooking the infinity pool and the Arabian Gulf.

Community and Lifestyle — Bluewaters Island

• Bluewaters Island is a man-made island located off the coast of Dubai, developed by Meraas, between JBR (Jumeirah Beach Residence) and Palm Jumeirah — one of the most premium island addresses in the UAE and globally
• Ain Dubai — the world’s largest and highest observation wheel — is located on Bluewaters Island directly adjacent to Bluewaters Bay, making residents of Bluewaters Bay the closest to Ain Dubai of any residential address in the world
• Caesars Forum Dubai and Cove Beach are within Bluewaters Island — providing Michelin-standard dining, nightlife, and beach club access to residents without leaving the island
• The promenade walkway from Bluewaters Bay leads directly to Ain Dubai and to The Beach at JBR — one of Dubai’s most activated urban beachfront destinations, with multiple dining, retail, and leisure venues
• JBR Walk — Dubai’s most famous beachfront promenade with restaurants, cafes, retail, and the open beach — is directly accessible via the pedestrian bridge connecting Bluewaters to JBR
• Dubai Marina is approximately 5 minutes by car — the marina’s dining, nightlife, and retail options are a short drive or walk via the bridge
• DMCC Metro Station (Red Line) is approximately 5 minutes by car — providing full Dubai Metro connectivity. The F36 bus serviced by the JBR Bus Stop is approximately a 10-minute walk from the island
• Sheikh Zayed Road (E11) is approximately 5 minutes by car via the Bluewaters Bridge — providing direct highway access to Downtown Dubai (~20 minutes), Dubai International Airport (~25 minutes), and DIFC (~18 minutes)
• Franprix supermarket is a 7-minute walk; Al Maya Supermarket is a 10-minute drive
• Dubai Superyacht Show uses Bluewaters Marina, with international yacht owners and ultra-high-net-worth visitors making the island a consistent draw for Dubai’s luxury hospitality market
• Bluewaters Island sits between Dubai’s two most iconic man-made island achievements — JBR’s urban beach and Palm Jumeirah’s ultra-luxury residential spine — establishing a permanent premium positioning that neither residential corridor can displace

Amenities

• Infinity swimming pool — with unobstructed sea views
• Fully equipped gymnasium
• Tennis court
• Outdoor workout area
• Jogging and walking tracks
• Shaded children’s swimming pool
• Children’s playground
• BBQ area and communal roof terrace
• Community gardens and elevated garden
• Observation deck (top of complex) — panoramic Dubai waterfront views
• Outdoor seating areas
• Beach access (direct connection to JBR Beach via promenade)
• Double-height grand lobby with sea and skyline views
• Covered parking
• High-speed elevators
• 24-hour security and concierge
• Within island: Ain Dubai (world’s largest observation wheel), Caesars Forum, Cove Beach, multiple dining and retail on promenade
• Direct pedestrian access to The Beach at JBR and JBR Walk

Layout and Floor Plan

Bluewaters Bay 2-bedroom apartments range from 1,225 to 1,650 sq ft with 3 bathrooms. This distress unit is 1,340 sq ft (124 sqm) on a middle floor of Tower 1. The layout includes two bedrooms (master bedroom with panoramic sea views, en-suite bathroom and built-in wardrobes; second bedroom with wardrobes), 3 bathrooms total (master en-suite + two additional bathrooms), an open-plan living and dining area with large windows, a balcony overlooking the infinity pool and the Arabian Gulf, and a contemporary kitchen with superior finishes and layout. The master bedroom’s panoramic sea view is the defining spatial quality of this floor plan — facing the Arabian Gulf directly, with the characteristic horizontal expanse of sea and sky that makes Bluewaters Island a globally recognised premium residential address. A middle floor positioning in Tower 1 delivers elevated views above Bluewaters Island’s ground-level promenade while remaining below the building’s top floors — providing a sea view that is both clear and set within the building’s mid-section structural envelope. The exact floor level, unit position, and floor plan type are available on request quoting BWBAY-T1-2BR-1340-SV-001.

Payment, 80% Paid, and Handover

Bluewaters Bay was launched with an 80/20 payment plan: 80% during construction in staged installments and 20% on handover in July 2027 (Q3 2027). The seller has paid 80% of the purchase price. On the distress selling price of AED 4,675,500, the buyer’s residual payment obligation is 20% = AED 935,100, due at July 2027 handover. This AED 935,100 handover balance is mortgageable from UAE banks, including for non-resident buyers — enabling investors to finance the remaining balance and generate rental income from day one of delivery. On assignment: DLD 4% (~AED 187,020 on AED 4,675,500) + trustee fee (~AED 4,200) + buyer agency ~2% (~AED 93,510) = approximately AED 4,960,230 all-in at assignment — before the AED 935,100 handover balance. Full paid/outstanding installment breakdown and original Meraas SPA are available on request.

Location and Connectivity

• Ain Dubai (world’s largest observation wheel): on Bluewaters Island — direct walking access
• Caesars Forum Dubai: on Bluewaters Island
• Cove Beach: on Bluewaters Island
• The Beach at JBR: direct pedestrian access via island bridge
• JBR Walk: approximately 5–10 minutes on foot via bridge
• Dubai Marina: approximately 5 minutes by car
• Sheikh Zayed Road (E11): approximately 5 minutes via Bluewaters Bridge
• DMCC Metro Station (Red Line): approximately 5 minutes by car
• Palm Jumeirah: approximately 8 minutes by car
• Mall of the Emirates: approximately 15 minutes by car
• Downtown Dubai / Burj Khalifa: approximately 20 minutes by car
• Dubai International Airport (DXB): approximately 25 minutes by car
• DIFC: approximately 18 minutes by car
• Al Maktoum International Airport (DWC): approximately 35 minutes by car

Why Buy This Bluewaters Bay Unit Now

• 10% below OP — AED 519,500 saving; 13.46% below OP+DLD: The seller’s total all-in cost was AED 5,402,800. They are selling at AED 4,675,500 — absorbing their DLD entirely and exiting at a confirmed material loss. The buyer captures AED 727,300 of embedded savings versus the seller’s original investment from day one
• 80% paid — only AED 935,100 remaining at handover: With 80% paid, the buyer’s immediate financial exposure at assignment is well-defined and the outstanding balance is small relative to the asset’s value. The AED 935,100 July 2027 balance is mortgageable — the buyer can finance and generate immediate rental income to offset repayments
• AED 3,489/sqft for Meraas sea view on Bluewaters Island: Bluewaters Island is one of Dubai’s most premium island addresses. Meraas’ brand delivers a verified quality premium above comparable non-Meraas buildings in the same location. AED 3,489/sqft for a 2BR sea view in a Meraas-delivered building on the island closest to Ain Dubai is a competitive entry price for this specific address
• First new Meraas residential launch on Bluewaters in years — scarcity premium: Bluewaters Bay was described as the first new residential launch by Meraas on Bluewaters Island “in a number of years.” Meraas does not develop prolifically on the island — supply is structurally capped by the island’s fixed land area. The secondary market for Bluewaters Bay will always be limited, supporting price appreciation and rental premiums
• Ain Dubai directly adjacent — world’s largest observation wheel: Ain Dubai generates 2 million+ visitors per year to Bluewaters Island, supporting the island’s restaurants, cafes, and retail — and directly elevating the desirability and demand for residential units on the island. No other residential address in Dubai has the world’s largest observation wheel as a direct neighbour
• JBR Beach pedestrian access: The promenade walkway from Bluewaters Bay connects residents directly to The Beach at JBR — one of Dubai’s most popular and accessible urban beaches. Beach access from a Dubai apartment is a rare premium attribute that directly supports rental demand from both long-term and short-stay tenants
• Sea view from master bedroom — permanent and unobstructable: The Arabian Gulf is a water body that will never be built upon. A sea view from the master bedroom of a Tower 1 unit in Bluewaters Bay is a permanent, future-proof view premium that supports durable rental and resale values over the building’s life
• Meraas delivery confidence — BVLGARI, Port de La Mer, City Walk: Meraas’ portfolio of delivered projects — including BVLGARI Residences Jumeira, Port de La Mer, City Walk, and the existing Bluewaters Residences — provides the highest available quality and delivery assurance for July 2027
• July 2027 handover — Tower 1 at Level 27 as of March 2026: Tower 1’s construction progress (Level 27 of approximately 30–32 floors as of March 2026) is consistent with a July 2027 handover timeline — providing concrete build-progress confirmation that the handover date is achievable
• Golden Visa eligible: At AED 4,675,500 — above the AED 2M threshold — the buyer qualifies for the UAE 10-year Golden Visa

Frequently Asked Questions (FAQs)