Bluewaters Island Apartments 2026 Q1 Resale Report
(1st January - 31st March 2026)
AED 5.150
Average price per sq. ft
Compared to Q1 2025
49 transactions
AED 494.8M total resale value
Apartments in Bluewaters Island Q1 2026 Resale Report
Executive Summary
Two-bedroom apartments led resale activity in Bluewaters Island Apartments during Q1 2026 with 17 transactions and an average price of AED 7,840,182, though transaction count declined 26.0 percent year-over-year. One-bedroom units recorded 15 transactions at an average price of AED 4,400,043, while three-bedroom apartments saw 13 transactions at an average price of AED 11,837,077, down 7.0 percent year-over-year in transaction count. No off-plan primary market transactions were recorded in Bluewaters Island Apartments during Q1 2026, with all sales activity concentrated in the resale segment.
Key Facts
- In Q1 2026, the average resale price per square foot for apartments on Bluewaters Island reached AED 5,150, an increase of 2.7% year-over-year.
- Bluewaters Island recorded 49 resale apartment transactions in Q1 2026, representing an 11.4% increase compared to the same quarter in 2025.
- The total value of resale apartment transactions on Bluewaters Island in Q1 2026 was AED 494,841,733, up 9.8% year-over-year.
- Ready properties accounted for 71.4% of resale transactions on Bluewaters Island in Q1 2026, while off-plan completions made up 28.6%.
- Two-bedroom apartments led resale activity on Bluewaters Island in Q1 2026 with 17 transactions at an average price of AED 7,840,182, though transaction count declined 26.0% year-over-year.
- Three-bedroom apartments on Bluewaters Island saw 13 resale transactions in Q1 2026 at an average price of AED 11,837,077, with transaction count down 7.0% year-over-year.
- One-bedroom apartments recorded 15 resale transactions on Bluewaters Island in Q1 2026, with an average transaction price of AED 4,400,043.
Key Performance Indicators
Key Performance Indicators
Resale - Q1 2026
Rental - Q1 2026
Source: Property Monitor, Metropolitan Premium Properties Analysis
Price Trend
Price Trend - Bluewaters Island Apartments
Average Price per Sq. Ft - Bluewaters Island Apartments
| Period | Average Price per Sq. Ft (AED) |
|---|---|
| Q1 2025 | 5,014 |
| Q2 2025 | 4,767 |
| Q3 2025 | 4,712 |
| Q4 2025 | 5,259 |
| Q1 2026 | 5,150 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did Bluewaters Island Apartments transactions split between off-plan and ready in Q1 2026?
In Q1 2026, ready apartments dominated transaction activity on Bluewaters Island, accounting for 71.4% of all sales by count and 82.6% by value, while off-plan units represented 28.6% of transactions and 17.4% of total consideration. The disparity between transaction share and value share indicates that ready properties commanded higher average deal sizes than off-plan units during the quarter. This completion-status distribution reflects buyer preference for immediate-occupancy stock in the Bluewaters Island apartment segment for the period.
Which Apartments bedroom configurations recorded the highest resale activity in Bluewaters Island during Q1 2026?
Two-bedroom apartments led transaction activity on Bluewaters Island in Q1 2026 with 17 sales, followed by 15 one-bedroom units and 13 three-bedroom properties. Average prices across these three segments ranged from AED 4,400,043 for one-bedroom apartments to AED 11,837,077 for three-bedroom units, reflecting a clear upward gradient by size. Transaction counts for two-bedroom units declined 26.0% year-on-year, while three-bedroom sales fell 7.0% over the same period.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 4,400,043 | +11.3% | 15 | +275% |
| 2 B/R | AED 7,840,182 | -0.3% | 17 | -26% |
| 3 B/R | AED 11,837,077 | +13.7% | 13 | -7% |
| 4 B/R | AED 17,225,333 | +1.9% | 3 | +200% |
| 5 B/R | AED 90,000,000 | +96.7% | 1 | -50% |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - Q1 2026
| Bedroom Type | Transactions |
|---|---|
| 1 B/R Bed | 15 |
| 2 B/R Bed | 17 |
| 3 B/R Bed | 13 |
| 4 B/R Bed | 3 |
| 5 B/R Bed | 1 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in Bluewaters Island perform in Q1 2026?
In Q1 2026, Bluewaters Island Apartments recorded zero off-plan transactions with a total value of AED 0, indicating no primary market sales directly from developers during the quarter. By contrast, resale activity in the same period totaled 49 transactions valued at AED 494,841,733, demonstrating that all market activity in Bluewaters Island Apartments occurred in the secondary market. The absence of off-plan sales reflects the mature status of this waterfront development, where inventory is exclusively available through resale channels.
Rental Summary
Rental Contract Distribution - Q1 2026
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 280,559 | +5.6% | 11 | -27% |
| 2 B/R | AED 452,389 | -1% | 24 | -20% |
| 3 B/R | AED 580,357 | -1.4% | 7 | -67% |
| 4 B/R | AED 1,437,010 | +42.7% | 2 | -33% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- Q1 2026
Dubai's real estate market recorded 44,267 sale transactions and 147,091 rental transactions in Q1 2026, reflecting the emirate's continued activity across both tenure types. Initial sales accounted for 71.9% of all sale transactions, while resale properties represented 28.1% of the market during the quarter. In the rental segment, contract renewals dominated at 66.4% of Dubai's 147,091 rental transactions, compared to 33.6% for new rental agreements. This market-wide context provides the backdrop against which Bluewaters Island Apartments performance is assessed.
Dubai Overall Market Context
Dubai Apartments Market Totals - Q1 2026
| Category | Percentage |
|---|---|
| Initial Sale | 71.9% |
| Resale | 28.1% |
| Category | Percentage |
|---|---|
| New | 33.6% |
| Renewal | 66.4% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Frequently Asked Questions
What was the average price per square foot for resale apartments in Bluewaters Island during Q1 2026?
How many resale apartment transactions occurred in Bluewaters Island in Q1 2026?
What was the total transaction value for resale apartments in Bluewaters Island during Q1 2026?
What was the average sale price for one-bedroom apartments in Bluewaters Island in Q1 2026?
What was the average sale price for two-bedroom apartments in Bluewaters Island in Q1 2026?
What was the average sale price for three-bedroom apartments in Bluewaters Island in Q1 2026?
What percentage of Bluewaters Island apartment transactions in Q1 2026 were for ready properties versus off-plan?
Methodology
This report analyzes resale apartment transactions on Bluewaters Island for the first quarter of 2026, covering the period from January 1 to March 31, using data sourced from Property Monitor's aggregation of Dubai Land Department registration records. Year-on-year comparisons reference the corresponding quarter in 2025, with the average price per square foot calculated at AED 5,150 (a 2.7% increase) and transaction count at 49 units (an 11.4% increase), representing a total transacted value of AED 494,841,733. Readers should note that Dubai Land Department registrations reflect the formal recording date rather than the underlying sale agreement date, meaning timing lags between contract signing and official registration may affect period-to-period comparability, particularly in communities with complex ownership structures or high proportions of financed purchases.
Glossary
- PSF
- Price per square foot. A standard metric in Dubai real estate calculated by dividing a property's transaction price by its built-up area in square feet.
- Off-plan
- Properties sold by developers before construction is complete, typically purchased through payment plans during the building phase.
- Secondary market
- The resale market where properties are sold between private parties rather than purchased directly from the original developer.
- Ready property
- Completed, habitable properties available for immediate handover, as distinct from off-plan units still under construction.
- Resale
- A transaction where an existing owner sells a property to a new buyer, whether the unit originated as off-plan or ready.
- Off-Plan Developer Sale
- A sale_classification indicating a property sold directly by the developer before construction completion.
- Resale Off-Plan Origin
- A sale_classification for properties originally purchased off-plan, now being resold by an owner before or after handover.
- AED/sqft
- UAE Dirhams per square foot. The standard unit for expressing property prices in Dubai's real estate market.
- Built-up area
- The total floor area of an apartment including interior walls and enclosed spaces, measured in square feet, used to calculate PSF.
- Bluewaters Island
- A mixed-use island development off Jumeirah Beach Residence offering residential apartments, retail, and hospitality components with Arabian Gulf views.
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