−4% Bluewaters Bay Building 1
2 BR · Apartment · 2 bathrooms
Price history
Listed since 7 October 2026. The price has been cut once — dates and figures from the listing itself.
- 24 October 2026 AED 5 000 000
- 3 November 2026 AED 4 800 000 -4%
About the building
53-storey residential building in Bluewaters Island.
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 NP4-587061
How much is this 2-bedroom apartment in Bluewaters Bay Building 1?
Lot NP4-587061 is priced at AED 4 800 000, about $1 307 000. The size is 1 339 sq ft (124 m²), which works out at AED 3 585 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 5 000 000 to AED 4 800 000: AED 200 000 less, or 4%. It was cut once. On the market since 7 October 2026.
Is this expensive or cheap for Bluewaters Island?
The database holds 150 lots in Bluewaters Island, starting from AED 1 800 000. The area median is AED 6 606 per sq ft; this lot is at AED 3 585. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 5 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 still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 192 000 for this lot. 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 4 800 000. 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 Bay Building 1?
The building has 53 floors and 360 units. The developer is Meraas. 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 — 2.
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 NP4-587061 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Bluewaters Bay Building 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Bluewaters Island
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