Bluewaters Island Apartments Q1 2025 Resale Report
(1st January - 31st March 2025)
AED 5,014
Average price per sq. ft
Compared to Q1 2024
44 transactions
AED 450,8M total resale value
Apartments in Bluewaters Island Q1 2025 Resale Report
Executive Summary
Two-bedroom apartments led resale activity in Bluewaters Island during Q1 2025 with 23 transactions at an average price of AED 7,865,996, marking a 15.0% increase in transaction count year-over-year. Three-bedroom units recorded 14 transactions at an average price of AED 10,407,143, with transaction volume declining 18.0% compared to Q1 2024. Bluewaters Island recorded zero off-plan primary market transactions during Q1 2025, with all AED 450,825,916 in sales volume generated through the resale channel.
Key Facts
- In Q1 2025, Bluewaters Island Apartments recorded an average resale price per square foot of AED 5,014, up 0.2% year-over-year.
- The area saw 44 resale transactions in Q1 2025, down 8.3% compared to the same quarter in 2024.
- Total resale value for Bluewaters Island Apartments reached AED 450,825,916 in Q1 2025, an increase of 2.3% year-over-year.
- Ready properties accounted for 79.5% of resale transactions in Q1 2025, while off-plan resales made up 20.5%.
- Two-bedroom apartments led transaction volume in Q1 2025 with 23 sales at an average price of AED 7,865,996, representing a 15.0% increase in transaction count year-over-year.
- Three-bedroom units recorded 14 transactions in Q1 2025 at an average price of AED 10,407,143, with transaction count declining 18.0% year-over-year.
- No off-plan primary market transactions were recorded for Bluewaters Island Apartments in Q1 2025.
Key Performance Indicators
Key Performance Indicators
Resale - Q1 2025
Rental - Q1 2025
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 2024 | 5,005 |
| Q2 2024 | 5,063 |
| Q3 2024 | 4,091 |
| Q4 2024 | 4,487 |
| Q1 2025 | 5,014 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did Bluewaters Island Apartments transactions split between off-plan and ready in Q1 2025?
In Q1 2025, ready property transactions dominated Bluewaters Island Apartments, accounting for 79.5% of all deals and 86.3% of transaction value, while off-plan sales represented 20.5% of transactions and 13.7% of value. The eight-percentage-point gap between ready properties' share of transaction count and value share indicates that ready units commanded higher average prices than off-plan units during the quarter. Off-plan transactions in Bluewaters Island Apartments totaled AED 13.7 out of every AED 100 transacted, reflecting the area's maturity as a predominantly completed development. This completion-status distribution positioned Bluewaters Island as a ready-property-driven market in the opening quarter of 2025.
Which Apartments bedroom configurations recorded the highest resale activity in Bluewaters Island during Q1 2025?
Two-bedroom apartments dominated Bluewaters Island activity in Q1 2025 Dubai, recording 23 transactions with an average price of AED 7,865,996 and a 15.0% year-on-year increase in transaction count. Three-bedroom units followed with 14 sales at an average of AED 10,407,143, though this segment experienced an 18.0% decline in transaction volume compared to Q1 2024. Across these two reportable configurations, average prices ranged from AED 7,865,996 for two-bedroom units to AED 10,407,143 for three-bedroom apartments.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 3,952,000 | +6.5% | 4 | -50% |
| 2 B/R | AED 7,865,996 | +7.2% | 23 | +15% |
| 3 B/R | AED 10,407,143 | -12.7% | 14 | -18% |
| 4 B/R | AED 16,900,000 | -18% | 1 | -67% |
| 5 B/R | AED 45,750,000 | N/A | 2 | N/A |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - Q1 2025
| Bedroom Type | Transactions |
|---|---|
| 1 B/R Bed | 4 |
| 2 B/R Bed | 23 |
| 3 B/R Bed | 14 |
| 4 B/R Bed | 1 |
| 5 B/R Bed | 2 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in Bluewaters Island perform in Q1 2025?
In Q1 2025, Bluewaters Island Apartments recorded zero off-plan primary market transactions with a total value of AED 0, reflecting the project's mature status as a completed development with no new developer-sold inventory. By contrast, the resale secondary market registered 44 transactions valued at AED 450,825,916 during the same period, indicating that all market activity in the community occurred through existing unit transfers. The absence of off-plan sales is typical for established communities where developers have concluded initial sales phases and all trading now occurs between private parties.
Rental Summary
Rental Contract Distribution - Q1 2025
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 265,561 | +3.3% | 15 | +88% |
| 2 B/R | AED 457,145 | +4.2% | 30 | +76% |
| 3 B/R | AED 588,582 | +8.5% | 21 | +31% |
| 4 B/R | AED 1,006,667 | N/A | 3 | N/A |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- Q1 2025
Dubai's real estate market recorded 42,310 sale transactions and 155,219 rental transactions in Q1 2025, with rentals representing the dominant activity segment. Initial sales accounted for 62.6% of all Dubai sale transactions, while resale properties comprised the remaining 37.4%. On the rental side, contract renewals represented 65.8% of Dubai's rental activity, with new rental contracts making up 34.2% of the total.
Dubai Overall Market Context
Dubai Apartments Market Totals - Q1 2025
| Category | Percentage |
|---|---|
| Initial Sale | 62.6% |
| Resale | 37.4% |
| Category | Percentage |
|---|---|
| New | 34.2% |
| Renewal | 65.8% |
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 2025?
How many resale apartment transactions occurred in Bluewaters Island in Q1 2025?
What was the total transaction value for resale apartments in Bluewaters Island in Q1 2025?
What was the average sale price for two-bedroom resale apartments in Bluewaters Island during Q1 2025?
What was the average price for three-bedroom resale apartments in Bluewaters Island in Q1 2025?
What share of Bluewaters Island apartment transactions in Q1 2025 were ready versus off-plan?
Methodology
All resale transaction data for Bluewaters Island apartments in Q1 2025 were sourced from Property Monitor's aggregation of Dubai Land Department registration records, covering the period from January 1 to March 31, 2025. Year-on-year comparisons reference the corresponding quarter in 2024, with percentage changes calculated on transaction counts, total transacted value, and average price per square foot. Readers should note that registration timing may differ from the actual transaction agreement date, meaning deals concluded late in Q4 2024 could appear in the Q1 2025 dataset if registration occurred after the start of the year, which may affect period-to-period comparability for communities with slower administrative processing cycles.
Glossary
- PSF
- Price per square foot; a standard metric in Dubai real estate calculated by dividing a property's sale price by its total area in square feet.
- Off-plan
- A property sold by a developer before construction is complete, often purchased during the building phase with payments structured in installments.
- Secondary market
- The resale market where properties are sold between private parties or investors rather than purchased directly from the original developer.
- Ready property
- A completed, habitable property available for immediate occupancy or transfer, as opposed to an off-plan unit still under construction.
- Resale
- A transaction where an existing property owner sells to a new buyer, encompassing both ready properties and off-plan units being resold before handover.
- AED/sqft
- The price of a property expressed in United Arab Emirates Dirhams per square foot of floor area.
- Bluewaters Island
- A man-made mixed-use island development off the Jumeirah Beach Residence coastline, featuring residential apartments, retail, dining, and the Ain Dubai observation wheel.
- Resale Off-Plan Origin
- A property originally purchased off-plan from a developer that is being resold by the first buyer before construction completion or handover.
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