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Bluewaters Island is an entertainment and residential district currently under-construction 500 meters off the coast of JBR/Dubai Marina, within touching distance of the Marina connected to the mainland by a direct road link to Sheikh Zayed Road, providing easy access to Dubai and Abu Dhabi. The Island's center-piece is 210 meter tall Ain Dubai, which will be the largest ferris wheel in the world upon completion.
There will also be a 265-metre pedestrian bridge linking the island to the beachfront at Jumeirah Beach Residence, a monorail connecting to the Dubai Metro, and a cable car to JBR. A driverless Group Rapid Transit service will also offer passengers a unique travel experience. Bluewaters Island is offering a chance to purchase exclusive, luxury real estate within a world-class entertainment district providing a premium lifestyle for the whole family with residential amenities including:
- State-of-the-art gymnasiums,
- Swimming pools,
- Landscaped gardens,
- Basketball courts,
- Children’s play areas.
Average price for properties here is AED2200 per sq.feet, which is comparable to Palm Jumeriah and Downtown Dubai.
Meraas, the developer for the project, is dedicated to making Dubai better for people to live, work and play in.
INVESTMENT SCORE:
Value for Money: 80%
Project Uniqueness: 100%
Location & Connectivity: 90%
Rental Yield Expectation: 65%
Capital Growth Expectation: 75%
OTHER DEVELOPMENT POSITIVES:
- Freehold development with 698 apartments, four penthouses and 17 townhouses under construction
- 10 Low-rise to mid-rise buildings (G+6 to G+14)
- Basement parking for residents
- Scenic outdoor spaces, landscaped common areas and panoramic ocean views
- Resale after 55% payment covered.
