This new elite district of Dubai was commissioned in 2019. Real estate in Bluewaters is a dream for many people because the residential complex is located on an artificial island only a couple of hundred meters from the famous quarter of Dubai Marina. Therefore, it offers a beautiful view of the iconic Dubai cityscape and its main attractions. Not all the territory of the residential complex is reserved for housing. An amusement park with a giant Ferris wheel, shops, cafés and restaurants occupy about a third of the multifunctional area. The district is connected to the mainland by road and pedestrian bridges, so it will not be difficult to get to the business district of the city. Schools, hospitals and kindergartens are all within a 20-minute drive. In addition, there are water taxis to get you to Dubai Marina. Residents of the complex can, at any time, walk to a private beach in a couple of minutes and enjoy the sea in a calm atmosphere, without crowds of tourists.
Contents
- Advantages of Bluewaters
- Attractions
- Tourist Area
- Beaches and Entertainment
- Hotels
- Restaurants
- Shopping Malls
- Fitness Centres
- Active Water Sports
- Spa and Recreation
- Transport
- Schools and Kindergartens
- Hospitals and Pharmacies
- All About Real Estate in Bluewaters, UAE
- New Buildings and Communities in Bluewaters
- Types of Real Estate in Bluewaters
- Real Estate Rental Prices
- Sales Prices for Real Estate
- Real Estate in Bluewaters for Investment
Advantages of Bluewaters
The island’s residential complex is quite attractive among the other examples of elite housing, due to its unique advantages. It seems that the developer, Meraas, has provided not only all the amenities that customers usually look for but also what they do not expect; several unexpected bonuses!
Attractions
Although this island area of Dubai, UAE, is quite small, it has a collection of many interesting sights. Residents and tourists can visit:
- the world's largest Ferris wheel, Ain Dubai, which consists of 48 booths and 12 restaurant booths and offers a beautiful view of the city;
- Madame Tussauds Museum, which opens its doors to a magical world, featuring movie stars and musicians, as well as members of the royal families of Asian countries;
- The Rotunda Concert Hall, which, after opening in early 2023, will become a venue for performances by world-famous pop stars.
Tourist Area
A part of the island is reserved for entertainment attractions, shops, bars and gourmet restaurants. This is a popular tourist destination, located a couple of minutes’ walk from the quiet residential areas.
The entertainment venue includes:
- The Ain Dubai Ferris Wheel;
- The Brass Monkey Bowling Club, with bars and restaurants where you can play bowling or play the slot machines;
- 132 shops, many restaurants and cafés, with bay views.
Beaches and Entertainment
Apartments in Bluewaters allow their owners access to a closed private beach. The well-maintained sandy beach is equipped with umbrellas and sun loungers. Near the beach, there are 3 swimming pools, bars and restaurants, providing everything for a perfect holiday by the sea.
There is also a lot of entertainment in the complex. The main ones are the Ferris wheel and The Rotunda, where concerts and performances will soon be held. There is also a Brass Monkey bowling club where you can play bowling or slot machines.
If you are interested in other entertainment, it will take you a couple of minutes to get to Dubai Marina or a few minutes to travel to the central districts of Dubai, UAE.
Hotels
One-third of the island is reserved for a luxury five-star resort hotel of the American Caesars Palace chain. As expected, it offers its guests a luxurious lifestyle, which is why world stars and heads of leading international companies often stay here.
The hotel offers its guests not only suites with beautiful views but also:
- a beach;
- an excellent SPA centre;
- gourmet restaurants of well-known chains;
- beach clubs;
- swimming pools;
- children’s playgrounds.
Restaurants
In the complex, there are a variety of restaurants, cafés and bars that offer dishes from all over the world. The establishments are located in the tourist quarter, near the Ferris wheel, in the hotel and even in the residential areas. There are many options, and both gourmets and those who appreciate the surrounding landscapes around the restaurant can choose their favorite place.
Shopping Malls
The island is small, but it offers ample shopping opportunities. In the tourist area, there are 132 points with restaurants and boutiques that shoppers will be happy to explore.
The nearest large shopping mall, the Dubai Marina Mall, is a 10-minute drive away.
Fitness Centres
The complex has a private fitness centre, located at Caesars Palace Hotel. The centre allows residents to keep fit by training in the gym which features new equipment. There are also group classes, such as yoga and Zumba.
Active Water Sports
On the beaches of the island, there are no opportunities to engage in active water sports, except for swimming. However, it is easy enough to cross the pedestrian bridge to the Jumeirah Beach Residence to go diving, parasailing, surfing and enjoy other popular water sports.
Spa and Recreation
Caesars Palace Hotel has its own Qua Spa, which offers cosmetic and relaxation treatments for health and beauty within walking distance from any apartment.
In the centre, you can also have styling, a manicure and makeup done.
Transport
The complex can be reached by a road bridge that leads to Sheikh Zayed Road, but this is not the only option.
The location of the residential complex and the focus on tourists make it easy to access. There are many types of public transport, such as:
- a ferry to the island – the station is called Bluewaters Marine Transport Station;
- a Bluewaters Island bus stop;
- (over time, it is planned to launch) unmanned buses;
- the possibility to take the tram to Jumeirah Beach Residence Station 2 and then walk to the residential area in 8 minutes on foot;
- the walking distance from the nearest metro station DMCC Metro Station 1 is short and will take no more than 15 minutes.
Note that the complex has large underground parking. The absence of cars makes the district safer and more eco-friendly.
Schools and Kindergartens
There are playgrounds, but there is no possibility of building educational institutions here, however, they are accessible on the mainland.
It will take you 17 minutes to travel to the nearest American School of Dubai, and the nearest Baby Home Garden is a 10-minute drive away. These are not the only options, as there are many kindergartens and educational institutions in the district located within a 20 to 30-minute drive.
Hospitals and Pharmacies
There are many hospitals on the mainland of Dubai, UAE, but there are none in the residential complex. The nearest Emirates Hospital Clinic is 12 minutes away by car. It has wards for inpatient treatment and a maternity ward.
There is a pharmacy on the island, so you can also order medicines with delivery.
All About Real Estate in Bluewaters, UAE
The residential complex consists of 10 multi-storey buildings and 17 townhouses.
New Buildings and Communities in Bluewaters
The complex was commissioned in 2019, so all the houses are brand-new. The residential area provides essential amenities such as grocery stores, cafés and restaurants. Additional shops and entertainment venues are available on the tourist part of the island.
Types of Real Estate in Bluewaters
The complex offers buyers the following types of housing:
- 698 1- or 3-bedroom apartments, with diverse layouts and a varying number of bathrooms;
- 17 4-bedroom townhouses and a different number of bathrooms;
- 4 penthouses with 360° panoramic views.
As the residential complex was commissioned several years ago, some of the residences have been sold out, and not all real estate options are available to buyers.
Real Estate Rental Prices
If you have money and want to keep it, the best option in these turbulent times is to invest in real estate in this stable region. The UAE is an excellent option for such investments. The country is thriving, and the government's policy is to create comfortable conditions for foreign investors and employees, therefore, there are no income taxes for individuals.
To make a deal, you do not have to go to the country; you can organize it remotely and then entrust the management of the real estate to an agency. All you have to do is sit back and earn passive income.
Below, you will find the minimum prices for renting an apartment in Bluewaters. Depending on the quality of the property, these amounts may be higher.
| Number of bedrooms | The cost of rent per year |
|---|---|
| 1 | From AED 260,000 ($70,800) |
| 2 | From AED 279,000 ($76,000) |
| 3 | From AED 480,000 ($130,700) |
Penthouses and townhouses in the complex are currently not for rent.
Sales Prices for Real Estate
Housing in Dubai, UAE, is not only a reliable way to generate passive income. You can always profitably sell your property if you want to see a return on the capital. Every month, the number of transactions in the country is growing, and in September 2022, purchase and sale contracts were issued for a record amount of $ 5.7 billion.
Below, you will find approximate prices for apartments on the island, depending on the number of bedrooms.
| Number of bedrooms | Cost |
|---|---|
| 1 | From AED 3.25 million ($884,800) |
| 2 | From AED 4.4 million ($1.2 million) |
| 3 | From AED 6.2 million ($1.7 million) |
| A townhouse | From AED 20 million ($5.45 million) |
There is also 1 penthouse for sale. Its cost is available on request.
Real Estate in Bluewaters for Investment
After becoming acquainted with the prices of apartments and villas in Bluewaters, you can calculate how many years it will take you to recoup your investment in local real estate.
According to statistics, the annual rental yield is 6-6.2%, depending on the number of bedrooms. It is most profitable to rent out 1- and 3-bedroom apartments. However, 2-bedroom properties will also be a wise purchase, because the difference in profitability is only a few percent.
If you want to learn more about how to buy a property in this area, please contact our specialists in an online chat or by phone numbers listed on the website. We will pick up a residential unit based on your requirements, coordinate payment plans with the developer and provide full support during the transaction. The company also provides after-sale services and real estate management.
