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Off-planKeys Sep 2027
Bluewaters Bay
New homes in Bluewaters Island, by Meraas
New homes in Bluewaters Bay start at AED 2,560,000; keys are due Sep 2027; you pay 20% to book, 60% while it is built and 20% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 37 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Bluewaters Bay. Their median price is AED 3,804 per sq ft (about AED 3,043,000 at 800 sq ft). This project's from price is AED 3,200 per sq ft (AED 2,560,000 for its smallest home, 800 sq ft), 16% less.
- Keys
- Sep 2027
- The developer's handover date
- Payment plan
- 20 / 60 / 20
- 20% to book, 60% while it is built, 20% at the keys
- Bedrooms
- 1 to 4 beds
- Sizes
- 800 to 3,050 sq ft
- Ownership
- Freehold
- Property types
- Apartment and Penthouse
- Registration fee
- 4% of the price
- Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
- From price per sq ft
- AED 3,200 per sq ft
- Similar off-plan homes: AED 3,804 per sq ft
- RERA project
- 2530
- Check it in Dubai REST, the Dubai Land Department's official app.
- Built
- 13%
- Being built. DLD register, Jun 12, 2026
- Completion on the register
- Mar 2027
- DLD shows only the current date, so we can't tell whether it has moved before.
- Escrow account
- بنك ابوظبى التجارى
- The bank that holds your payments
- Registered homes
- 679
- In 2 buildings
Paying for it
You pay 20% when you book, 60% as the building goes up, and 20% when you get the keys.
| When | Stage | Share | Amount |
|---|---|---|---|
| Now | Booking | 20% | AED 512,000 |
| Feb 2027 | While it is built | 20% | AED 512,000 |
| Apr 2027 | While it is built | 20% | AED 512,000 |
| Jul 2027 | While it is built | 20% | AED 512,000 |
| Sep 2027 | Keys | 20% | AED 512,000 |
- Booking payment, 20%
- AED 512,000
- Dubai Land Department fee (Oqood), 4%
- AED 102,400
- Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
- AED 614,400
- The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
- Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
- Pay into the project's escrow account only.
- This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
- Budget for the service charge.
- Buildings in this area paid a median of AED 19 per sq ft a year in 2023, from 35 buildings on the Dubai Land Department register. For the smallest home (800 sq ft) that is about AED 15,000 a year.
- Register the sale with Oqood.
- The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 37 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Bluewaters Bay, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Bluewaters Bay sold in 12 months, so we looked at 24 months.
Median price AED 3,804 per sq ft
AED 3,244 to AED 3,391 per sq ft
4 sales
AED 3,391 to AED 3,539 per sq ft
4 sales
AED 3,539 to AED 3,687 per sq ft
5 sales
AED 3,687 to AED 3,834 per sq ft
6 sales
AED 3,834 to AED 3,982 per sq ft
6 sales
AED 3,982 to AED 4,129 per sq ft
7 sales
AED 4,129 to AED 4,277 per sq ft
3 sales
AED 4,277 to AED 4,424 per sq ft
2 sales
This project AED 3,200 per sq ft, below every sale
Half of the sales sold for AED 3,568 to AED 4,006 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
| Price per sq ft | Sales |
|---|---|
| AED 3,244 to AED 3,391 per sq ft | 4 |
| AED 3,391 to AED 3,539 per sq ft | 4 |
| AED 3,539 to AED 3,687 per sq ft | 5 |
| AED 3,687 to AED 3,834 per sq ft | 6 |
| AED 3,834 to AED 3,982 per sq ft | 6 |
| AED 3,982 to AED 4,129 per sq ft | 7 |
| AED 4,129 to AED 4,277 per sq ft | 3 |
| AED 4,277 to AED 4,424 per sq ft | 2 |
The 3 closest sales
Picked from the 37 similar sales above, closest in size to this project's smallest home.
- Feb 2026AED 2,773,000AED 3,463 per sq ftBluewaters Bay - Building 2, 801 sq ft
- Jun 2026AED 2,839,000AED 3,553 per sq ftBluewaters Bay - Building 2, 799 sq ft
- Dec 2025AED 2,819,000AED 3,528 per sq ftBluewaters Bay - Building 2, 799 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Bluewaters Island in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
| Type | Off-plan median | Sales | Against similar sales |
|---|---|---|---|
| 1-bed apartmentFrom AED 2,560,000 here | Off-plan medianAED 3,526,000AED 3,758 per sq ft | Sales235 | 16% below 37 similar sales |
| 2-bed apartment | Off-plan medianAED 7,485,000AED 4,331 per sq ft | Sales310 | |
| 3-bed apartment | Off-plan medianAED 10,684,000AED 4,662 per sq ft | Sales144 | |
| 4-bed apartment | Off-plan medianAED 20,273,000AED 4,483 per sq ft | Sales53 |
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
- Gross yield at the from price
- 3.9%
- Typical for similar ready homes
- 5.7%
- Median rent of 1-bed apartments in Bluewaters Island
- AED 100,000 a year
- Rent contracts counted
- 4,311
- Rented between
- Apr 1, 2025 and Mar 31, 2026
- 1-bed apartment
- AED 100,000 a year
- 2-bed apartment
- AED 150,000 a year
- 3-bed apartment
- AED 225,000 a year
- 4-bed apartment
- AED 300,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 100,000 ÷ AED 2,560,000 = 3.9%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
- Jumeirah Beach Residence 2 Tram Stop800 m, 14 min walkTram stop
- JBR beach1.1 km, 15 min walkBeach
- Bluewaters Island800 m, 14 min walkWaterfront
- Emirates International School - Meadows3.4 km, 11 min driveSchool
- The Winchester School3.8 km, 8 min driveBritish school
- Delhi Private School3.9 km, 8 min driveIndian school
- Bluewaters Wharf Retail500 m, 8 min walkMall
- Emirates Hospital2.2 km, 4 min driveHospital
- Jumeirah Lakes Towers2.1 km, 9 min driveOffices
- The Montgomerie Golf Club3.6 km, 16 min driveGolf
- DEWA Staff1.2 km, 19 min walkPark
Straight-line distance; minutes by road or on foot from OpenStreetMap routing, or estimated where the route is unknown. Places © OpenStreetMap contributors. Stations from the Roads and Transport Authority. School curricula from KHDA.
About Bluewaters Bay
Bluewaters Bay is a two-tower Meraas project on Bluewaters Island with one- to four-bedroom apartments and three-bedroom penthouses from AED 2,560,000 and a listed handover of September 2027. Its from price is about 16% below 37 similar one-bedroom sales in the project (24 months to October 2026).
The from price is about 16% below 37 similar one-bedroom sales in Bluewaters Bay (24 months to October 2026). Ask which unit the from price buys before you compare it with those sales.
The plan is 20% on booking, 60% during construction and 20% at handover. At the from price that is AED 512,000, AED 1,536,000 and AED 512,000. The listed handover is September 2027, about 10 months away, so ask when the 60% construction payment falls due. Separately, the 4% DLD fee comes to AED 102,400; ask when it is due.
The project has 672 homes in two towers, plus one retail unit. The listing gives one-bedroom homes of about 800 sq ft, two-bedroom homes of 1,225 sq ft, three-bedroom homes of 2,000 sq ft and four-bedroom homes of 2,850 sq ft. There are also three-bedroom penthouses, and the listed range tops out at 3,050 sq ft. Every layout has at least one balcony. Some two-bedroom homes and all three- and four-bedroom homes include a maid's room, a powder room and a dressing area.
A medical centre is about 610 m away and the Jumeirah Beach Residence 2 tram stop about 820 m. JBR beach is about 1.1 km away, about a 15-minute walk by our estimate. Jumeirah Lakes Towers is about 2.1 km away, a 9-minute drive, and Emirates International School - Meadows about 3.4 km.
Floor plans
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR 2 BR 3 BR 4 BR
How prices moved
Dec 2024AED 2,936 per sq ft
Sep 2026AED 3,758 per sq ft
Show as tableShow as chart
| 12 months to | Median price | Sales |
|---|---|---|
| Sep 2026 | AED 3,758 per sq ft | 235 sales |
| Jun 2026 | AED 3,486 per sq ft | 408 sales |
| Mar 2026 | AED 3,468 per sq ft | 762 sales |
| Dec 2025 | AED 3,228 per sq ft | 1,151 sales |
| Sep 2025 | AED 2,969 per sq ft | 1,364 sales |
| Jun 2025 | AED 2,785 per sq ft | 1,473 sales |
| Mar 2025 | AED 2,712 per sq ft | 1,327 sales |
| Dec 2024 | AED 2,936 per sq ft | 1,063 sales |
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Who builds Bluewaters Bay, and where?
Meraas. The two towers are on Bluewaters Island, about 1.1 km from JBR beach.
Can foreigners buy here?
Yes. Bluewaters Bay is listed as freehold, so foreign buyers can own outright.
How does the from price compare with similar sales?
The from price is about 16% below 37 similar one-bedroom sales in this project (24 months to October 2026).
How do the payments work?
20% on booking (AED 512,000 at the from price), 60% during construction (AED 1,536,000) and 20% at handover (AED 512,000). Separately, the 4% DLD fee comes to AED 102,400; ask when it is due.
How big are the homes?
About 800 sq ft for one bedroom, 1,225 for two, 2,000 for three and 2,850 for four. Three-bedroom penthouses are also offered, and the listed range tops out at 3,050 sq ft.
When is handover?
The listed handover is September 2027, about 10 months from now. Ask for a construction update.