Bluewaters Bay by Meraas

Bluewaters Bay is Meraas’s follow-up to the original Bluewaters Residences. It includes two new towers on Bluewaters Island. Both sit on the seafront, overlooking the Arabian Gulf and the JBR coastline.

The location is rare in Dubai’s off-plan market. Bluewaters is a fully developed island. It is already home to Ain Dubai, the world’s largest observation wheel. Caesars Palace Dubai, Madame Tussauds, and a working retail and dining promenade are also on the island. Buyers are not investing into a future vision. They are buying into a neighbourhood that is already functioning.

Apartment Mix and Interiors

The project includes two towers with a mix of 1, 2, 3, and 4-bedroom apartments. 3-bedroom penthouses are also available with oversized living and dining spaces. Entry-level 1-bedroom apartments start at AED 2,560,000. Pricing scales up through the larger layouts.

Interior specifications follow Meraas’s signature. That includes floor-to-ceiling glazing, engineered stone surfaces, and full-height kitchen cabinetry. Most units have wide, wraparound balconies oriented across the sea, marina, and Ain Dubai views.

Location and Connectivity

Bluewaters Island connects to JBR by a pedestrian and vehicle bridge. Residents can walk to The Beach at JBR, Dubai Marina, and the Tram network without needing to drive. Sheikh Zayed Road is under 10 minutes away. Dubai International Airport is roughly 25 minutes. Downtown Dubai, DIFC, and Media City are all within 15 to 20 minutes.

Amenities

Amenities at Bluewaters Bay are designed around the waterfront setting. An infinity pool on the podium level looks directly out to sea. It is complemented by a shaded kids’ pool, a full-size tennis court, a BBQ deck, landscaped gardens, and jogging paths.

An elevated community garden wraps the podium. The towers include a fully equipped gymnasium, an outdoor exercise zone, an observation deck, and kids’ play areas. Direct beach access means stepping off the podium onto sand rather than crossing a road.

Pricing and Payment Plan

Pricing from AED 2,560,000 for a 1-bedroom makes Bluewaters Bay one of the more competitive new launches for waterfront-branded addresses in Dubai. New launches on Palm Jumeirah start 40 to 50% higher for equivalent unit sizes. Dubai Harbour launches are trending similarly.

Meraas is offering an 80/20 payment plan. That is one of the buyer-friendlier structures currently available. Buyers pay 20% on booking, 60% across construction in milestone-linked tranches, and 20% on handover in July 2027.

Investment Outlook

Bluewaters is one of the few Dubai addresses where short-term holiday rental demand is genuinely year-round. That demand is driven by tourism traffic through Ain Dubai, JBR, and the island’s F&B strip. Long-term rentals here have historically delivered yields in the 6 to 7% range.

The capital appreciation story is supported by limited supply. There are only a handful of residential towers on the island, and there is no more land to release. Every unit clears the AED 2 million threshold for the UAE Golden Visa.