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Home / Areas / Dubai/ Bluewaters Island
A luxury island destination off the coast of Dubai Marina.

Bluewaters Island

Bluewaters Island is a Meraas-developed artificial island — home to Ain Dubai (the world's tallest observation wheel at 250m), Caesars Palace Dubai, and Madame Tussauds. The island blends upscale residences (Bluewaters Residences) with world-class dining, retail, and a waterfront promenade. Its tourism-driven profile generates consistent demand from vacation rentals and high-end expatriate tenants, with direct views of Palm Jumeirah and JBR.

Master developer Meraas Bluewaters Residences · Apartments · Penthouses Island · Luxury · Tourism & vacation rental
5.5–7.5%
Rental Yield
2,400–4,000 AED
Avg. Price per Sq Ft
CONNECTIVITY

Where Bluewaters Island sits.

Connected via bridge to JBR and Sheikh Zayed Road.

Drive times

Dubai Marina~3 min
JBR Beach~3 min
Palm Jumeirah~10 min
DXB Airport~30 min

Metro & transport

Red Line · Planned
Nearest station today: Damac Properties (Red Line, ~10 min)
A cable car/monorail link to the island is planned.

Major roads

Sheikh Zayed RoadE11
NEIGHBORHOOD LIFE

A full life — without leaving.

Education

  • GEMS Dubai American Academy (~10 min)

Healthcare

  • Mediclinic Marina

Shopping

  • Bluewaters retail
  • Marina Mall (~5 min)

Leisure

  • Ain Dubai (world's tallest observation wheel)
  • Caesars Palace
  • Madame Tussauds
  • Roxy Cinemas
  • Waterfront promenade

Landmarks

  • Ain Dubai (250m)
  • Caesars Palace Dubai
  • Bluewaters Residences
THE DATA

The numbers. No fluff.

Bluewaters Island is a uniquely positioned luxury tourism asset — a rare combination of island living, Ain Dubai, Caesars Palace, and immediate proximity to Dubai Marina and JBR. The area benefits from sustained demand driven by vacation rentals and high-end expatriate residents.

5.5–7.5%
Gross rental yield · city avg ~6.8%
2,400–4,000 AED/sqft
Current price · per sq.ft
24–32 AED per sq ft AED/sqft
Service charge · per year
Avg. price per sq.ft · 2023–2026 ▲ +40% over 3 years
2023202420252026
Waterfront apartments5.5–7.5%
Penthouses5–6%
FIGURES INDICATIVE, NOT A GUARANTEE · AS OF 2026-05-26
IS IT RIGHT FOR YOU?

Who Bluewaters Island suits best.

A strong fit if you're…
  • Airbnb and vacation rental investors targeting the tourism market
  • Luxury buyers seeking island exclusivity and panoramic sea views
0
0 PROJECTS IN BLUEWATERS ISLAND

What's available right now.

Live from the catalog — sorted cheapest first.

No active projects in our catalog for this area yet — check back soon or browse other areas.

GOOD TO KNOW

Common questions about Bluewaters Island.

What is Ain Dubai?+

The world's tallest observation wheel at 250m — the island's premier tourism landmark and a major visitor attraction.

What advantages does Bluewaters Island have over Dubai Marina?+

Island privacy, the presence of Caesars Palace, and unobstructed 360° sea views.

YOU MIGHT ALSO LIKE

Similar areas.

#01 5–7%
Palm Jumeirah
17 projects from 3.7M AED
#02 5.5–7%
Dubai Harbour
1 project from 3.7M AED

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