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

Cap rates for projects in Bluewaters Island area in Dubai

Data as of December 2025

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
Bluewaters Residences	61,107	2,575	4.2%

The cap rate (rental yield) in Bluewaters Island is 4.2%.

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	78	38,674	3,018,000
3	191	36,339	6,939,000

Sales prices for completed properties in Bluewaters Island

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	114	41,555	4,750,000
2	119	52,858	6,313,453
3	193	65,680	12,650,000
4	235	75,287	17,700,000

Rents in Bluewaters Island

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
2	193	2,302	444,370
3	187	2,761	517,308

Price for off-plan 1 bedroom apartment in Bluewaters Island is 3,018,000 AED or 38,674 AED/sqm.
Price for off-plan 3 bedroom apartment in Bluewaters Island is 6,939,000 AED or 36,339 AED/sqm.

Price for completed 1 bedroom apartment in Bluewaters Island is 4,750,000 AED or 41,555 AED/sqm.
Price for completed 2 bedroom apartment in Bluewaters Island is 6,313,453 AED or 52,858 AED/sqm.
Price for completed 3 bedroom apartment in Bluewaters Island is 12,650,000 AED or 65,680 AED/sqm.
Price for completed 4 bedroom apartment in Bluewaters Island is 17,700,000 AED or 75,287 AED/sqm.

Rent for 2 bedroom apartment in Bluewaters Island is 444,370 AED or 2,302 AED/sqm.
Rent for 3 bedroom apartment in Bluewaters Island is 517,308 AED or 2,761 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 29%

Sales and rents in Bluewaters Island in December 2025

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
Bluewaters Residences	61,107			17	2,575	10
Bluewaters Bay	37,625	4

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