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Bluewaters Island area in Dubai - prices, rents and cap rates

Cap rates for projects in Bluewaters Island area in Dubai

Data as of May 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
Bluewaters Residences63,4252,7694.4%

The cap rate (rental yield) in Bluewaters Island is 4.4%.

Sales prices for off-plan (pre registration and delayed sell) properties in Bluewaters Island

RoomsSize, sqmSale price, AED/sqmSale price, AED
18044,3223,536,444
215538,2865,942,000

Sales prices for completed properties in Bluewaters Island

RoomsSize, sqmSale price, AED/sqmSale price, AED
27960,2284,787,500
319470,02713,611,111
432046,19414,800,000

Rents in Bluewaters Island

RoomsSize, sqmRent, AED/sqm/yearRent, AED
1972,769268,545
21432,769396,809
31922,769532,899
42992,769828,569
58432,7692,334,574

Price for off-plan 1 bedroom apartment in Bluewaters Island is 3,536,444 AED or 44,322 AED/sqm.
Price for off-plan 2 bedroom apartment in Bluewaters Island is 5,942,000 AED or 38,286 AED/sqm.

Price for completed 2 bedroom apartment in Bluewaters Island is 4,787,500 AED or 60,228 AED/sqm.
Price for completed 3 bedroom apartment in Bluewaters Island is 13,611,111 AED or 70,027 AED/sqm.
Price for completed 4 bedroom apartment in Bluewaters Island is 14,800,000 AED or 46,194 AED/sqm.

Rent in Bluewaters Island is 46,194 AED/year/sqm on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Bluewaters Island is 268,545 AED or 2,769 AED/sqm.
Rent for 2 bedroom apartment in Bluewaters Island is 396,809 AED or 2,769 AED/sqm.
Rent for 3 bedroom apartment in Bluewaters Island is 532,899 AED or 2,769 AED/sqm.
Rent for 4 bedroom apartment in Bluewaters Island is 828,569 AED or 2,769 AED/sqm.
Rent for 5 bedroom apartment in Bluewaters Island is 2,334,574 AED or 2,769 AED/sqm.

Residential property projects in Bluewaters Island

Off-planReady
Bluewaters Bay (100%)
Bluewaters Residences

Share of off-plan projects in sales in Bluewaters Island is 21%

Sales and rents in Bluewaters Island in May 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
Bluewaters Residences
63,42513 2,76970
Bluewaters Bay
41,3463

Area guide for property buyers in Bluewaters Island

What are the advantages of 'Bluewaters' area in Dubai for real estate buyers vs. other areas?

1. Bluewaters is a waterfront development that offers stunning views of the Arabian Gulf and the Dubai skyline.

2. It is located close to the iconic Jumeirah Beach Residence (JBR) and is within easy reach of the city’s major attractions.

3. It offers a variety of residential options, from luxury apartments to villas, as well as a range of leisure activities.

4. Bluewaters is a master-planned development with a wide range of amenities, including a beach club, retail outlets, restaurants, and entertainment venues.

5. The area is well-connected to the rest of the city, with easy access to public transportation.

6. Bluewaters is a secure and safe area, with 24/7 security and surveillance.

7. It is a popular choice for investors, due to its attractive rental yields and potential for capital appreciation.

What areas are cheaper than 'Bluewaters' area in Dubai but provide a similar quality of living?

1. Al Furjan
2. Jumeirah Village Circle
3. Discovery Gardens
4. International City
5. Jumeirah Lakes Towers
6. The Springs
7. The Greens
8. Motor City
9. Arabian Ranches
10. Jumeirah Village Triangle

Where is 'Bluewaters' area in Dubai located? What other areas are close by?

Bluewaters is an artificial island located off the coast of Jumeirah Beach Residence in Dubai. It is close to the popular Dubai Marina area and is connected to the mainland by a bridge. Other areas close by include The Palm Jumeirah, The Walk at JBR, and The Beach at JBR.


Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.

(x%) shows share of off-plan properties in sales in the last complete month




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