Meraas Bluewaters Island

Area Guide

Meraas Bluewaters Island

Bluewaters Island is a man-made island located next to Jumeirah Beach Residence in Dubai by Meraas.

The development offers apartments and townhouses at a prime location and also features 5-star hotels, retail outlets and entertainment establishments.

Bluewaters Island is home to Ain Dubai, the world’s largest observation wheel. Bluewaters Island is a $1.6 billion project developed by Meraas, the real estate company that is famous for their City Walk in Jumeirah and The Beach at Jumeirah Beach Residence.

The development is located in 500 meters from Jumeirah Beach Residence. Meraas Bluewaters Island is considered to be one of Dubai's best destinations.

The area features ten residential buildings, two 5-star hotels, 164 shops and cafes, and its most significant attraction the Ain Dubai. It is the largest observation wheel in the world with the height of 210 meters which offers unobstructed views of the city.

The residential buildings comprise totally 698 apartments including 1-3-bedroom units. Each residential unit is provided with one or two parking spaces. There are also 4 penthouses and 17 townhouses. Each residential building provides its residents with gym, swimming pool, landscaped garden children’s playground.

10 Minutes
dubai marina
30 Minutes
to DXB Airport
35 Minutes
to DWC aiprort

Ready Properties for Sale in Meraas Bluewaters Island

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Featured Properties in Downtown Dubai


As the district is limited in size, multi-storey buildings predominate here. The most common property type in Downtown Dubai are 1-5-bedroom apartments (including serviced apartments) and penthouses. The cost of studios starts from AED 428,000 (USD 117,000), and one-room apartments cost from AED 695,000 (USD 190,000).

You can also buy or rent villas and townhouses in Downtown Dubai. There is a limited series of houses located on the runway levels of high-rise buildings. Prices for villas in Downtown Dubai start from AED 1,914,000 (USD 521,000) and for townhouses – from AED 5,100,000 (USD 1 388 000).

Another exclusive option is the purchase of a whole floor of a residential tower, which can be either a finished property or a floor in a building under construction. If it is an off-plan property, an investor can arrange the space at their own discretion. For instance, the owner could have one spacious residence or split the premises into several apartments and offices. You could live in one of these apartments yourself, and lease the rest of the premises, if buying an entire floor. The minimum price for a full floor in an apartment block in Downtown Dubai is AED 18,500 000 (USD 5,040,000).

About Meraas Bluewaters Island

There is only one sub-community in the area – Bluewaters Residences. It features ten apartments building with 698 apartments in total including 1-3-bedroom units, 4 penthouses and 17 townhouses.

The minimalist interior design of apartments in Bluewaters Residences meets the highest standards, features neutral colors and floor to ceiling windows.

Each apartment features an open-plan kitchen equipped with high-quality Italian appliances and marble countertops. The penthouses in Bluewaters Residences can offer 5 bedrooms, a lot of indoor space, extended living areas and 360-degree views of the Arabian Gulf, Marina, Ain Dubai and the city’s skyline.

If you are interested in investing in Bluewaters Island properties you can expect high rental yield in the area. The highest rental yield of 7.1% is offered by 4BR apartments. Further, 1-bedroom apartments can generate up to 6.2% returns on investment while 3-bedroom units show a 5.9% ROI. Two-bedroom apartments in Bluewaters Island yield 5.8% of ROI.

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