Bluewaters Residences 1
2 BR · Apartment
About the building
9-storey residential building in Bluewaters Residences, completed in 2018. Developer — Meraas Holding.
Where it is
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 NP9-108335
How much is this 2-bedroom apartment in Bluewaters Residences 1?
Lot NP9-108335 is priced at AED 10 500 000, about $2 859 000. The size is 1 595 sq ft (148 m²), which works out at AED 6 583 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Bluewaters Residences 1?
The database holds 9 lots in Bluewaters Residences 1 right now, from AED 9 800 000 to AED 42 400 000. 3 of them share this type and bedroom count: by price this lot ranks 2 of 3, cheapest first. At AED 6 583 per sq ft this lot is 14% below the median for the other lots in the project (AED 7 683).
Is this expensive or cheap for Bluewaters Island?
The database holds 88 lots in Bluewaters Island, starting from AED 2 770 000. The area median is AED 6 229 per sq ft; this lot, at AED 6 583, is 6% 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 3 150 000; a loan of AED 7 350 000 over 25 years at 3.75–4.99% a year comes to roughly AED 37 800–42 900 a month. A non-resident puts down from 40% (AED 4 200 000) and pays about AED 32 400–36 800 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 420 000 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 10 500 000. 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 1?
The building has 9 floors. The developer is Meraas. Completion year: 2018. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP9-108335 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
More in this building
Nearby in Bluewaters Island
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram