Photos and renders of the building and grounds — not of this particular unit.
Bluewaters Residences
4 BR · Apartment
About the building
Located in Bluewaters Island, completed in 2019.
What the building has
- Parking
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 P3-145056
How much is this 4-bedroom apartment in Bluewaters Residences?
Lot P3-145056 is priced at AED 20 000 000, about $5 446 000. The size is 2 130 sq ft (198 m²), which works out at AED 9 390 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?
The database holds 5 lots in Bluewaters Residences right now, from AED 9 900 000 to AED 27 000 000. At AED 9 390 per sq ft this lot is 33% above the median for the other lots in the project (AED 7 081).
Is this expensive or cheap for Bluewaters Island?
The database holds 86 lots in Bluewaters Island, starting from AED 2 770 000. The area median is AED 6 263 per sq ft; this lot, at AED 9 390, is 50% above 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?
According to the listing, the property is ready. The project passport gives 2019 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 6 000 000; a loan of AED 14 000 000 over 25 years at 3.75–4.99% a year comes to roughly AED 72 000–81 800 a month. A non-resident puts down from 40% (AED 8 000 000) and pays about AED 61 700–70 100 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 800 000 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 20 000 000. 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?
The developer is Meraas. Completion year: 2019. Figures are from the project passport: Propsearch and the Dubai Land Department.
Bluewaters Residences project page →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 P3-145056 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Bluewaters Residences
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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