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

Cap rates for projects in Bluewaters Island area in Dubai

Data as of September 2024

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
Bluewaters Residences	43,973	3,067	7.0%

The cap rate (rental yield) in Bluewaters Island is 7.0%.

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

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	74	41,703	3,096,000
2	104	42,442	4,415,000
3	191	39,826	7,610,000
4	276	60,230	16,646,500
5	644	75,123	48,365,000

Sales prices for completed properties in Bluewaters Island

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	115	36,134	4,150,000
2	170	39,464	6,725,000
3	196	64,227	12,600,000

Rents in Bluewaters Island

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	106	2,830	300,000
2	123	2,886	355,000
3	190	3,316	630,000

Price for off-plan 1 bedroom apartment in Bluewaters Island is 3,096,000 AED or 41,703 AED/sqm.
Price for off-plan 2 bedroom apartment in Bluewaters Island is 4,415,000 AED or 42,442 AED/sqm.
Price for off-plan 3 bedroom apartment in Bluewaters Island is 7,610,000 AED or 39,826 AED/sqm.
Price for off-plan 4 bedroom apartment in Bluewaters Island is 16,646,500 AED or 60,230 AED/sqm.
Price for off-plan 5 bedroom apartment in Bluewaters Island is 48,365,000 AED or 75,123 AED/sqm.

Price for completed 1 bedroom apartment in Bluewaters Island is 4,150,000 AED or 36,134 AED/sqm.
Price for completed 2 bedroom apartment in Bluewaters Island is 6,725,000 AED or 39,464 AED/sqm.
Price for completed 3 bedroom apartment in Bluewaters Island is 12,600,000 AED or 64,227 AED/sqm.

Rent in Bluewaters Island is 64,227 AED/sqm/year on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Bluewaters Island is 300,000 AED or 2,830 AED/sqm.
Rent for 2 bedroom apartment in Bluewaters Island is 355,000 AED or 2,886 AED/sqm.
Rent for 3 bedroom apartment in Bluewaters Island is 630,000 AED or 3,316 AED/sqm.

Residential property projects in Bluewaters Island

Off-plan	Ready
Bluewaters Bay (100%)	Bluewaters Residences

Share of off-plan projects in sales in Bluewaters Island is 33%

Sales and rents in Bluewaters Island in October 2024

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
Bluewaters Bay	57,745	11
Bluewaters Residences	43,973			6	3,067	3

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