Dubai · Community Guide
Bluewaters Island
Off the JBR coastline, connected by bridge
Living in Bluewaters Island
Bluewaters Island is a prestigious island destination by Meraas, located off the coast of Jumeirah Beach Residence (JBR). Known for its distinctive waterfront setting, contemporary architecture and vibrant lifestyle, the island offers a unique blend of luxury residences, hospitality, dining, retail and entertainment. The destination is home to Ain Dubai, the world’s largest observation wheel, creating an iconic landmark overlooking the Arabian Gulf and Dubai skyline. Bluewaters features a limited collection of premium low-rise residential buildings, offering residents a more private and exclusive living environment surrounded by landscaped spaces and waterfront views. Residents enjoy easy access to a variety of restaurants, cafés, retail outlets, leisure attractions and pedestrian-friendly promenades. The island is connected to the mainland by a dedicated bridge, providing convenient access to JBR, Dubai Marina, Sheikh Zayed Road and other key areas of Dubai. Bluewaters Island combines island living, luxury residences, waterfront leisure and iconic Dubai attractions, making it one of the city’s distinctive coastal residential destinations.
Market snapshot
- Average price
- AED 2.75M
- Gross rental yield
- 7%
- Emirate
- Dubai
Location
Common questions
Can foreigners buy property in Dubai?+
Yes. Non-residents and foreign nationals can buy freehold property in designated areas such as Downtown Dubai, Dubai Marina, Palm Jumeirah and most new master communities, with full ownership rights.
What fees do I pay when buying?+
Budget roughly 7–8% on top of the purchase price: 4% DLD transfer fee, about 2% agency commission plus VAT, trustee office fees, and mortgage registration of 0.25% if financing.
What is the minimum down payment for a mortgage?+
UAE residents typically need 20% down for properties under AED 5 million (30% above). Non-residents are usually asked for 40% or more, depending on the bank.
Can I get a mortgage as a non-resident?+
Yes, several UAE banks lend to non-residents, generally up to 50–60% of the property value with streamlined income documentation.
What does off-plan mean?+
Off-plan property is bought directly from a developer before construction is complete, usually on a staged payment plan linked to construction milestones and secured through a DLD-regulated escrow account.