Bluewaters Residences is a waterfront community with ready apartments located on a private island in Dubai near the world’s largest Ain Dubai 230-meters observation wheel. The community comprises ten residential buildings that feature apartments in Bluewaters Island for sale with 1 to 3 bedrooms and penthouses

Bluewaters Residences by Meraas is a waterfront community located on Bluewaters Island, a private island in Dubai. The island’s key attraction is the world’s largest observation wheel Ain Dubai. The community comprises ten residential buildings that feature apartments in Bluewaters Island for sale with 1 to 3 bedrooms and penthouses. Each property type in Bluewaters Residences by Meraas has a few units left available for sale.

Apartments in Bluewaters Residences for sale by Meraas have spacious bedrooms and floor-to-ceiling windows. With the unique location of the community, its residents get one of the best views in the city over the Arabian Gulf, JBR, and Dubai Marina.

If you are interested in investing in Bluewaters Apartments by Meraas you can expect a high rental yield in the area. The highest rental yield of 7.1% is offered by 4-bedroom apartments. Further, 1-bedroom apartments can generate up to 6.2% returns on investment while 3BR units show a 5.9% ROI. Two-bedroom apartments in Bluewaters Island yield 5.8% of ROI.

A World-Class Destination. Meraas Bluewaters Island

Bluewaters Island is one of the most sought-after areas in Dubai which offers a wide choice of apartments, luxury penthouses, and spacious townhouses for sale. The area also features luxury five-star hotels, exclusive leisure and entertainment facilities, and dozens of cafes and restaurants. The island’s main attraction is Ain Dubai, the largest Ferris wheel in the world with a height of 230 meters, which is supposed to be completed before the Expo 2020.

Upon completion, the Ain Dubai wheel will have 48 capsules and a total of 1400 seats. The community is connected to the mainland via a dedicated bridge and has direct access to Sheikh Zayed Road. The residents will be able to reach Mall of the World, the largest mall on the planet located in Al Maktoum Bin Rashid (MBR) City, in 25 minutes.

The development is located 500 meters from Jumeirah Beach Residence (JBR). Meraas Bluewaters Island is considered to be one of Dubai’s best destinations. The area features ten residential buildings, two 5-star luxury hotels, 164 shops and cafes, and its most significant attraction the Ain Dubai. It’s the largest observation wheel in the world with a height of 210 meters.

Most popular destinations are also easily accessible. With a wide range of off-plan properties & the unique Dubai location, Meraas Bluewaters Residences for sale is also a popular property choice of investors both local and international. Return on investment for one-bedroom apartments in Meraas Bluewaters is expected to be around 4% while four-bedroom units yield up to 6%.