−4% Bluewaters Residences 5
4 BR · Apartment · 6 bathrooms
Price history
Listed since 31 October 2026. The price has been cut once — dates and figures from the listing itself.
- 1 November 2026 AED 23 000 000
- 1 November 2026 AED 22 000 000 -4%
About the building
9-storey residential building in Bluewaters Residences, completed in 2018. Developer — Meraas Holding.
Where it is
The pin is placed by project — accurate to the development, not the door.
Bluewaters Island
A small island off JBR built around Ain Dubai: low unit count, high specification, and a short bridge to the mainland.
- low-density waterfront
- upmarket short-let
- capital preservation
What to check: The market here is small, so comparable transactions are few and resale takes longer than on the mainland. Buy it as a long hold and confirm the service charge, which is high by Dubai standards for a low unit count.
Full district guide →Questions and answers about lot NP4-579583
How much is this 4-bedroom apartment in Bluewaters Residences 5?
Lot NP4-579583 is priced at AED 22 000 000, about $5 990 000. The size is 2 459 sq ft (228 m²), which works out at AED 8 947 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 23 000 000 to AED 22 000 000: AED 1 000 000 less, or 4%. It was cut once. On the market since 31 October 2026.
How does this price compare with other lots in Bluewaters Residences 5?
The database holds 4 lots in Bluewaters Residences 5 right now, from AED 7 800 000 to AED 22 000 000. At AED 8 947 per sq ft this lot is 57% above the median for the other lots in the project (AED 5 693).
Is this expensive or cheap for Bluewaters Island?
The database holds 147 lots in Bluewaters Island, starting from AED 1 800 000. The area median is AED 6 629 per sq ft; this lot, at AED 8 947, is 35% above it. 6 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Bluewaters Island area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2018 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 30%, here AED 6 600 000; a loan of AED 15 400 000 over 25 years at 3.75–4.99% a year comes to roughly AED 79 200–89 900 a month. A non-resident puts down from 40% (AED 8 800 000) and pays about AED 67 900–77 100 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 880 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 22 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Bluewaters Residences 5?
The building has 9 floors. The developer is Meraas. Completion year: 2018. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 6.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-579583 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Bluewaters Residences 5
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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