Bluewaters Island property investment guide
Island living around Ain Dubai
Bluewaters Island is a luxury waterfront community in Dubai where recorded residential sales have a median price of AED 5,465 per sqft. Ownership is freehold. The nearest metro station is DMCC, 1.4 km away.
A leisure-led island off JBR built around the Ain Dubai wheel — premium apartments with skyline and sea views.
Key numbers
- Median price
- AED 5,465/sqft
- Price tier
- Luxury
- Ownership
- Freehold
- Maturity
- Established
- Handover
- Ready
- Metro served
- No
- Commute to downtown
- 18 min
- Projects tracked
- 2
Market data: recorded sales
Over the 12 months to Sep 2026, Bluewaters Island recorded 94 property sales with a residential median of AED 5,494 per sqft — +2.1% on the previous 12 months.
See how Bluewaters Island ranks city-wide: price per sqft, sales momentum, price growth.
- Median sale price
- AED 5,465/sqft
- 94 residential sales, last 4 quarters
- Sales, last 12 months
- 94
- +2.2% vs the 12 months before
- Price change, year on year
- +2.1%
- residential median AED/sqft
Monthly figures, last 12 months
| Month | Median AED/sqft | Sales |
|---|---|---|
| Sep 2026 | 4,914 | 4 |
| Aug 2026 | 3,376 | 4 |
| Jul 2026 | 6,074 | 2 |
| Jun 2026 | 4,590 | 7 |
| May 2026 | 6,086 | 4 |
| Apr 2026 | 4,963 | 3 |
| Mar 2026 | 5,477 | 8 |
| Feb 2026 | 5,459 | 14 |
| Jan 2026 | 5,415 | 13 |
| Dec 2025 | 5,958 | 17 |
| Nov 2025 | 5,987 | 12 |
| Oct 2025 | 6,002 | 6 |
Price by bedroom count
| Type | Median price | Median AED/sqft | Sales |
|---|---|---|---|
| 3 BR · Apartment | AED 10,150,000 | 5,967 | 7 |
Latest quarter with recorded residential sales; thin sample sizes are excluded. Apartments and villas are priced separately. Villa AED/sqft is left out because the registry often records the plot rather than the built area.
Top-selling projects in Bluewaters Island
Ranked by registered sales, Oct 2025 – Sep 2026. "Prior year" is the 12 months before that window.
| Project | Sales | Prior year | Median AED/sqft |
|---|---|---|---|
| Bluewaters Residences | 94 | 92 | 5,699 |
Projects
Build status and unit counts from the Dubai Land Department project register; rows we could not match to a register entry are marked unverified.
| Project | Developer | Units | Status | From |
|---|---|---|---|---|
| Bluewaters Bay | Meraas | 1–4 BR | Off-plan· unverified | AED 3,000,000 |
| Bluewaters Residences | Meraas | 751 | Complete | AED 3,467,000 |
Amenities & access
- Beach
- Island beach
- Metro
- Cable link to JBR
- Schools
- 15 min
- Also nearby
- Ain Dubai, dining
Getting around & daily life
Nearest of each, measured to the edge of Bluewaters Island — not driving distance.
- Metro station
- DMCC · 1.4 km away
- Tram stop
- Jumeirah Beach Residence 2 · 670 m away
- School
- Emirates International School - Meadows · 3.2 km away
- Hospital
- Saudi German Hospital · 6.2 km away
- Mall
- The Wharf · within the area
- Supermarket
- Al Maya · 710 m away
- Park
- DEWA Staff · 1.1 km away
- Beach
- within the area
- Golf course
- Par 3 course and driving range · 3.5 km away
- University
- American University in Dubai · 3.4 km away
- Airport
- Al Maktoum International Airport · 19 km away
Locations © OpenStreetMap contributors.
Infrastructure that moves values
- Sobha Realty / DMCC Metro Station (Red Line)operational · 2009
Nearest existing Red Line metro stations, about 5-7 minutes by car or via tram interchange, linking to Downtown, Expo and the airport.
- Dubai Marina Tram interchangeoperational · 2014
Dubai Tram stops (Dubai Marina Mall, JBR 1/JBR 2) serve the mainland end of the Bluewaters bridge and interchange with the Red Line at Sobha Realty station.
- The Wharf at Bluewatersoperational · 2018
Waterfront retail and dining promenade with roughly 130-200 shops, restaurants and cafes wrapping around the base of Ain Dubai.
- Caesars Palace Bluewaters Dubaioperational · 2018
Flagship beachfront resort cluster (Caesars Palace, Caesars Resort and The Residences) with 450m of private beach, Cove Beach Club and Gordon Ramsay's Hell's Kitchen.
- The Wharf Link pedestrian bridge to JBRoperational · 2018
265m pedestrian bridge connecting Bluewaters directly to JBR, a roughly 10-minute walk to the mainland beachfront.
- Bluewaters Bridge to Sheikh Zayed Road (E11)operational · 2018
Dh475m vehicular bridge giving the island direct road access to Sheikh Zayed Road and the wider city.
- The Address Beach Resort (JBR)operational · 2020
Iconic 77-storey JBR beachfront hotel and tower with one of the world's highest infinity pools, directly facing and serving the island.
- Ain Dubaioperational · 2021
World's tallest observation wheel at 250m and the island's signature landmark; reopened to the public in December 2024 after a multi-year closure for enhancements.
- Bluewaters Residencesunder construction · 2026
New Meraas residential development (2-4BR, penthouses, townhouses) designed by 10 Design, adding fresh waterfront housing stock; handover targeted Q4 2026.
- Bluewaters Bayunder construction · 2027
Meraas twin-tower waterfront project (53 and 44 floors, ~670 apartments) under active construction by CSCEC; both towers past L20 with facade work underway, completion targeted 2027.
Frequently asked questions
- How much does property cost in Bluewaters Island?
- Recorded residential sales in Bluewaters Island over the last four quarters have a median price of AED 5,465 per sqft, across 94 transactions. Prices are up +2.1% year on year. Buying costs add roughly 7–10% on top, and net rental yield after service charges typically lands 2–3 percentage points below the gross figure.
- What is the nearest metro station to Bluewaters Island?
- DMCC is the nearest metro station — 1.4 km away, measured to the edge of Bluewaters Island.
- Can foreigners buy property in Bluewaters Island?
- Yes — Bluewaters Island is a freehold zone, so foreign buyers get full ownership with no residency requirement.
- How far is Bluewaters Island from downtown Dubai?
- Bluewaters Island is roughly 18 minutes from downtown by car. Upcoming infrastructure: Bluewaters Residences, Bluewaters Bay.
Compare with nearby areas
Source: Dubai Land Department open data, sales data through Sep 2026. Medians are computed from registered residential sales and can lag or diverge from asking prices. Not investment advice. Project starting prices and area details come from Esto’s area dataset, updated 2026-07-15. Net yield after service charges and buying costs is what decides a deal —here’s how to run that math.
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