Bluewaters Residences is the name of a gated community located on the island of the same name in Dubai Marina. The main developer is Meraas Holding. Work on the project began in 2013. By 2019, the community was fully built and ready for living in.
The Bluewaters complex includes ten apartment buildings, 17 townhouses and four penthouses.
Residents of the penthouses can expect spacious housing with five bedrooms, bathrooms and extended living areas. One or two parking spaces are provided with each penthouse.
There are 698 apartments in multistory buildings, ready for occupancy, with 1 to 4 bedrooms. There is all the necessary furniture and appliances included. Panoramic windows overlook the coast. In the interior, the developer has chosen to use a neutral modern design in a minimalistic style. Kitchens are equipped with Italian appliances and seamless work surfaces.
Luxury three-bedroom apartments will cost AED 350,000-435,000 per year (USD 95,287 – 118,428).
An apartment with one bedroom will cost from AED 2,290,000 (USD 623,451). The average price for a three bedroom apartment will be AED 5,500,000-7,200,000 (USD 1,497,372-1,960,197).
*The price is valid for 2020
Bluewaters Island is an artificial island off the Arabian Gulf. Located 500 meters from Palm Jumeirah.
The main advantage of this location is a convenient transport interchange. The island is located at the intersection of Sheikh Zayed Road and Garn Al Sabkha Street. In half an hour you can drive to Dubai International Airport (DXB). The Dubai Mall and The Walk JBR are a 12-minute drive away. In close proximity is the Burj Al Arab Hotel – it will take less than 20 minutes to reach this by car.
Residents have access to all the local amenities such as stores, restaurants, beauty salons, fitness centers, playgrounds, swimming pools, outdoor and indoor locations for outdoor activities.
According to profitability data in the area where Bluewaters Residences is located, a three-bedroom apartment yields a 6.31% return. Two-bedroom apartments average 5.46%. The lowest rate of 4.5% applies to one-bedroom units.
From Bluewaters Residences you will easily be able to get to key sights in Dubai, including The Walk at JBR, The Beach at JBR, the largest and the highest observation wheel in the world named Ain Dubai, Dubai Marina Mall, Skydive Dubai, Nakheel Mall, as well as Lost Chamers Aquarium and Aquaventure Waterpark.
The development will offer a direct access to the beach.
Bluewaters Residences is developed by Meraas, who is a leading Emirati developer, and the creator of projects such as Central Park in City Walk, Nad Al Sheba Gardens and Le Ciel at Port de La Mer.
Bluewaters Residences offers a premium selection of apartments located across 10 buildings, 17 townhouses and 4 penthouses.
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