DISTRESS DEAL: 1-BR IN BLUEWATERS BAY - TOWER 2

OVERVIEW

 

This is a 1-bedroom apartment opportunity in Bluewaters Bay – Tower 2, developed by Meraas on the sought-after Bluewaters Island. The apartment offers a practical 800 sq.ft of internal space, positioned between the 3rd and 10th floors, and boasts full marina and sea views with a balcony. The current asking price stands at AED 2,660,000, representing a 5% discount from the original price of AED 2,800,720. This is notably below the prevailing market price, which is estimated at around AED 3,000,000 for similar units in this development. The price per square foot is AED 3,325, which is competitive for this location and asset class. The payment structure includes AED 2,288,950 due on transfer and a remaining payment plan of AED 538,600, bringing the total buyer cost to AED 2,827,550. With handover scheduled for June 2027, this property presents a timely entry point for investors seeking value in a prime waterfront project with strong rental and resale fundamentals.

 

LOCATION & TRANSPORT

 

Bluewaters Island is a landmark destination just off the coast of Jumeirah Beach Residence (JBR), connected to the mainland by a dedicated road bridge and pedestrian walkway. The island’s proximity to Dubai Marina ensures excellent connectivity, with Sheikh Zayed Road less than five minutes away by car. Public transport options include regular taxi and ride-hailing services, as well as the Dubai Tram and Metro stations located a short drive away in JBR and Marina. For residents and tenants, the location offers easy access to key business districts such as Dubai Media City and JLT, both within a 10-15 minute drive. Dubai International Airport is approximately 30 minutes by car, while Al Maktoum International Airport is accessible within 40 minutes. The island’s walkability and direct pedestrian links to The Beach at JBR further enhance its appeal for both end-users and short-term rental guests.

 

AMENITIES & SURROUNDING

 

Residents of Bluewaters Bay Tower 2 benefit from a comprehensive suite of amenities shared across the development. These include an infinity pool with panoramic views, a modern fitness centre, landscaped communal gardens, a dedicated children’s play area, and a tennis court. The building’s design prioritises both privacy and community, with secure access and high-quality common areas. The immediate neighbourhood features a vibrant mix of retail, dining, and leisure options, including the iconic Ain Dubai observation wheel, Madame Tussauds, and a variety of beachfront restaurants and cafes. Several five-star hotels are within walking distance, offering additional dining and wellness facilities. For families, there are reputable schools such as Emirates International School Meadows and Dubai British School Jumeirah Park within a short drive. The area is also well-served by parks, beaches, cinemas, and golf clubs, making it a well-rounded lifestyle destination.

 

MARKET

 

Bluewaters Bay has established itself as a premium waterfront address, appealing to both investors and end-users. The current offering is priced below both the original and prevailing market rates, which supports a value-driven investment thesis. One-bedroom apartments in this area are in consistent demand for both long-term and short-term rentals, driven by the location’s connectivity, amenities, and leisure attractions. Liquidity for similar units has historically been strong, with a buyer profile that includes professionals, expatriate families, and international investors seeking Dubai’s waterfront lifestyle. Key risk considerations include the handover timeline (June 2027) and the broader market’s sensitivity to new supply in the luxury and upper mid-tier segments. However, Bluewaters Island’s limited land and unique positioning tend to support price resilience. Investors should also consider the payment plan structure and associated costs when evaluating yield and exit strategies.

 

CONCLUSION

 

For investors seeking a well-located, waterfront asset with strong rental and resale prospects, this 1-bedroom apartment in Bluewaters Bay Tower 2 presents a compelling case. The current discount to both original and market prices provides a margin of safety, while the project’s amenities and location underpin ongoing demand. The handover in 2027 allows for capital appreciation potential as the area matures and infrastructure is further enhanced. While the payment plan and off-plan nature introduce some risk, the fundamentals of Bluewaters Island and the developer’s track record offer reassurance. This opportunity suits investors with a medium-term horizon looking for a balance of yield, liquidity, and capital growth in one of Dubai’s most recognised waterfront communities.