Bluewaters Bay

Bluewaters Island is a finished product. The beach, the retail, Caesars Palace, Ain Dubai: all operational. Bluewaters Bay adds residential inventory to an island that already works as a destination, which is a materially different risk profile from most Dubai off-plan. JBR Beach is a five-minute walk via the pedestrian bridge. The Walk at JBR, Dubai's most consistently tenanted dining and retail strip, sits directly across. Units from 1-bedroom apartments to penthouses up to 642 sqm, starting at AED 2.56 million. The short-term rental market here is structurally strong: the island attracts tourists year-round and Meraas manages the wider destination. The 80/20 plan with July 2027 handover keeps requirements manageable across a reasonable construction timeline. Service charge is approximately AED 25 per sqft annually, reflecting island maintenance. The investment case is essentially about occupancy: put a well-finished unit on a functional island with a captive tourist draw, and rental demand manages itself.