Bluewaters Island is one of the most amazing man-made islands in Dubai, located off the coast of JBR. This is a multi-billion Meraas project, also known for the Ain Dubai Ferris wheel, which is located here. Located opposite the beach, the island is also one of the main tourist destinations in Dubai with a range of leisure opportunities, beach activities, luxury resorts, and restaurants. The master plan includes 132 retail stores, and the property for sale in Bluewaters Island can satisfy the most demanding requests.
Bluewaters: about the project
The construction of the complex started in 2013, and the main contractors were Van Oord, Hyundai Contracting, and Starneth Engineering. Approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, it is one of the best integrated residential islands in Dubai with prestigious real estate and a coastal lifestyle.
Bluewater Island, Dubai is a life by the sea, luxury real estate, resort amenities, and popular tourist destinations. The project was opened to the public in 2018, and the residential property was commissioned in March 2017. There are 10 residential buildings of medium height, 15 floors each. Retail stores and catering outlets are located on the first floor of these buildings next to the shopping center. Offering premium amenities and real estate, Bluewaters is one of the most expensive areas to live in Dubai.
Overview Of Amenities And Entertainment
The complex has various amenities, integrated communities, and recreational activities. Apart from Ain Dubai, the main attractions of the area are:
- Beach Club
- Ferry pier
- Shopping mall
The project includes 10 residential buildings, 2 luxury hotels, 2,400 parking spaces, and 164 shopping, restaurant and entertainment venues. A network of pedestrian bridges and main roads will keep the island connected to the mainland.
Bluewaters Island Real Estate
One of the best coastal communities in Dubai offers a wide selection of properties overlooking pristine beaches. Residential property includes apartments with sea views and townhouses on the podium. There are about 698 flats with luxury penthouses and an exclusive selection of 17 townhouses. Various 1-, 2-, 3- and 4-bedroom apartments offer 360-degree views of the island, Ferris wheel, and walking promenades. As for the quality of construction, the interiors complement the architectural styles with minimalist themes and a neutral palette. Scandinavian wooden floors and metal fittings go well with the overall appearance of properties.
Each apartment is a spacious open-plan kitchen, bathrooms, and extended living spaces. Moreover, the kitchens are equipped with Italian appliances and marble countertops. Each residence has floor-to-ceiling double-glazed windows to maximize views of the stunning neighborhood.
Rental Trends
As in most areas of Dubai, the rent for real estate on Bluewaters Island is calculated annually. If you are looking for an affordable flat ranging from 963 sq. ft. to 1155 sq. ft., you can rent 1-bedroom apartments for AED 120,000. The price can reach up to AED 150,000.
People looking for more spacious real estate can rent a 2-bedroom apartment for AED 190,000. Their area ranges from 1,451 sq. ft. to 2,033 sq. ft. Renting a 3-bedroom flat starts from AED 260,000 per year, and 4-bedroom apartments cost an average of 351,000 per year. The footage for these options ranges from 1935 sq. ft. to 2473 sq. ft.
Sales Trends
Buyers wishing to purchase a property on the seashore can choose from 1 to 4-bedroom apartments. There are also penthouses and branded 4-bedroom townhouses. The price of penthouses starts from AED 22.4 million. This type of property offers 4 to 5 bedrooms with bathrooms, the area exceeds 2,400 sq. ft. The typical 5-bedroom penthouse is about 9,000 sq. ft. Their cost ranges from AED 22 to AED 31 million.
On the lower floors of residential buildings, there are townhouses worth from AED 11.9 to AED 24.9 million. A 4-bedroom townhouse costs about AED 15 million, and the area is 6,300 sq. ft.
If you decide to buy a 1-bedroom studio, be prepared to pay about AED 2.2 million. A 3-bedroom apartment will cost you an average of AED 4.49 million.
ROI on Bluewaters Island
Interested investors may consider buying 4-bedroom apartments with a rental yield of 6%. Their average price is AED 5.8 million. 1-bedroom studios can also bring about 6% return on investment, and 3-bedroom apartments can generate a rental income of 6.1%.
Start Picking Up A Property In Dubai
Learn more about real estate buying opportunities in Dubai Creek Harbor and other developing areas of Dubai, UAE. All projects of new buildings and ready-to-move flats are gathered in one place! For more information about buying real estate at the developer’s price, installments, professional advice, and assistance in choosing real estate for foreign investors, visit https://www.axcapital.ae/.
