Bluewaters Residence
4 BR · Apartment
About the building
9-storey residential building in Bluewaters Residences, completed in 2018. Developer — Meraas Holding.
Specifications for Bluewaters Residence 1 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
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 P2-492627
How much is this 4-bedroom apartment in Bluewaters Residence?
Lot P2-492627 is priced at AED 42 400 000, about $11 545 000. The size is 6 673 sq ft (620 m²), which works out at AED 6 354 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 Residence?
The database holds 98 lots in Bluewaters Residence right now, from AED 1 800 000 to AED 96 000 000. 84 of them share this type and bedroom count: by price this lot ranks 78 of 84, cheapest first. At AED 6 354 per sq ft this lot is 10% below the median for the other lots in the project (AED 7 063).
Is this expensive or cheap for Bluewaters Island?
The database holds 143 lots in Bluewaters Island, starting from AED 1 800 000. The area median is AED 6 629 per sq ft; this lot, at AED 6 354, is 4% below it. 4 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?
The listing gives no handover date. 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, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 30%, here AED 12 720 000; a loan of AED 29 680 000 over 25 years at 3.75–4.99% a year comes to roughly AED 152 600–173 300 a month. A non-resident puts down from 40% (AED 16 960 000) and pays about AED 130 800–148 600 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 1 696 000 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 42 400 000. 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 Residence?
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 P2-492627 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Bluewaters Residence
Reviews from the English YouTube channel — each one with a written breakdown on this site.
17:09 Bluewaters Island: ready apartments where wealthy expats actually live
A tour of Bluewaters Residences: the three zones of the island, the available apartment options with sizes and prices, what the interiors look like, and why this is the address a certain European expat picks over Marina or the Palm.
WatchMore in this building
Nearby in Bluewaters Island
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