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EspaceOverseas investors can purchase properties within specific areas in the UAE known as freehold zones. The platform showcases over 13 listings of property in Dubai and other emirates, sourced directly from developers or through reputable real estate agencies. To select and purchase an apartment in Bluewaters, UAE, the website offers various tools including a user-friendly search form, detailed filters, sorting options, a map-based search feature, and "quick links" for commonly used filter combinations at the page's bottom. Additionally, the site features a currency converter, allowing users to view prices in dollars, euros, and dirhams, ensuring a seamless search experience.
- Minimum cost of a flat AED 1415927 ($ 1415927);
- The most expensive flat AED 50,910,000 ($13,862,488).
Apartment prices on the website Global-Property.Investments in Dubai:
| Bedrooms | Minimum price | Maximum price |
|---|---|---|
| 1-bedroom | $626,276 | $1,851,599 |
| 2-bedroom | $707,964 | $4,492,851 |
| 3-bedroom | $1,104,161 | $4,356,704 |
| 4-bedroom | $1,960,514 | $6,807,350 |
| 5-bedroom | $13,862,488 | $13,862,488 |
- Minimum living space 105 m²
- Maximum living space 639.1 m²
In the Emirates, foreigners purchasing a home valued at AED 750,000 ($204,000) or higher can qualify for a 2-year extended residency visa. Additionally, a foreign buyer is eligible for a 10-year visa, which can be renewed repeatedly, upon purchasing one or more properties totaling AED 2 million ($544,500).
Apartments for sale in Bluewaters
Apartments and flats in Bluewaters is a perfect option for those looking for housing on a vibrant artificial mixed-use island in Dubai. Developed by Meraas Holding, the neighbourhood aims to become one of the most prestigious tourist destinations, housing residential, retail, leisure, and entertainment facilities.
The area features state-of-the-art infrastructure designed to support its mixed-use nature. The island is connected to the mainland by a direct roadway from the Sheikh Zayed road, as well as a pedestrian bridge for easy access to Jumeirah Beach Residence. Additionally, the development includes a monorail system designed to transport visitors to and from the island with potential future connections to Dubai’s metro system.
Planning to buy an apartment in Bluewaters, it is important to note that the area currently lacks educational institutions. Yet there is The American School of Dubai in Al Barsha 1, following the US curriculum, in a 17-minute drive away, and Arcadia School in District 9, offering the National Curriculum of England. For higher education, The American University in Dubai is nearby, approximately 9 minutes from Dubai Internet City.
Medical services on the island include Mediclinic Meadows, a general hospital 12 minutes away, featuring a cancer center, maternity services, video consultations, and pharmacy delivery.
Buying an apartment in Bluewaters is even more significant because of the presence of Ain Dubai, which is currently on the reconstruction, spectacular views of the Dubai skyline, the coastline, and famous landmarks. The island also features a diverse mix of retail outlets, restaurants, and cafes along its waterfront promenade, creating a vibrant leisure and dining experience. The destination incorporates various entertainment facilities, including family-friendly attractions and zones, making it an appealing spot for both tourists and residents. In addition, the community hosts events, festivals, and activities throughout the year, contributing to its status as a dynamic entertainment hub.
Crafted with meticulous attention to detail, the flats for sale in Bluewaters offer unparalleled comfort and convenience. The community features a variety of apartments ranging from 1 to 5 bedrooms, each equipped with built-in wardrobes, guest rooms, sophisticated dining areas, inviting living rooms, balconies with scenic views, and private en-suite bathrooms. Enhancing the living experience further, the flats in Bluewaters are served by high-speed elevators and benefit from a meticulously planned parking facility. Additional amenities enhancing these luxurious homes include state-of-the-art fitness centers, children's play areas, landscaped gardens, swimming pools, and 24-hour security services, ensuring a lifestyle marked by luxury and ease.
Reasons for investing in an apartment in Bluewaters
Buying apartments in Bluewaters for investment appears to be a promising opportunity, particularly for those seeking a luxurious waterfront lifestyle combined with high-quality amenities and access to a vibrant entertainment scene.
The island's strategic location off the coast of Jumeirah Beach Residence ensures it is not only a place for luxury living but also a potential investment with good returns. The average rental yield for a 1-bedroom apartment in the project is about 7.31%, with properties rentable from AED 321,000 per year. Investors might find it beneficial to invest in 4-bedroom residences, which are known to provide the highest rental returns at 8.07%. The average rental cost of this type of housing is AED 1,437,000. An apartment for sale in Bluewaters with 3 bedrooms offer a rental yield of 7.19% with rental cost of AED 716,000 per annum, while the 2-bedrooms present a return on investment (ROI) of 6.89% and AED 508,000 respectively.
The area offers several off-plan projects. Investors can enjoy lower under-development apartment prices in Bluewaters and flexible payment plans. The possibility of capital appreciation is also alluring as the cost of apartments in Bluewaters increases over time, especially given Dubai's expanding infrastructure. The ready-made apartments in Dubai have increased in price by 9.5% compared to 2023, while those under construction by 2.3%.
Buying apartments in Bluewaters
Use the platform to explore, select and buy a flat in Bluewaters or any other location in the emirate tailored to your needs, whether for investment purposes or personal living. Professional brokers stand ready to furnish all necessary details on your preferred apartments and villas in Dubai, assisting you seamlessly through the investment or purchasing process. This comprehensive service aims to simplify your real estate journey, connecting you with a wide array of options and ensuring an informed decision-making process to secure your ideal choice.