Bluewaters Island.
Bluewaters Island is a vibrant man-made island off JBR, home to the Ain Dubai (world's largest Ferris wheel), Caesar's Palace resort, residences, and retail/dining. It offers resort-style waterfront living with tourist attractions on site.
Bluewaters Island opened in 2018 and quickly became one of Dubai's landmark destinations. The island is connected to the mainland by a bridge from Sheikh Zayed Road and a pedestrian bridge to JBR. Ain Dubai, standing at ~250m, is the centerpiece, offering panoramic views of the city and sea. Surrounding it is an open-air retail promenade with numerous restaurants, cafes, and entertainment venues (like Madame Tussauds Dubai). The residential component includes low- to mid-rise apartment buildings with high-end finishes, many offering sea and skyline vistas. Bluewaters also hosts Caesars Palace Dubai – a luxury hotel and beach club that adds to its glamour. Residents enjoy a unique mix of tranquility (no through traffic on the island) and excitement from the attractions. While tourist footfall is significant, the residential areas remain exclusive and secure. Bluewaters' location near Dubai Marina means easy access to city amenities while living in an island retreat. Overall, it's a one-of-a-kind community blending leisure, luxury living, and tourism.
Investment Overview
Residential Properties
Average PriceAED 2,100 per sq ft
Price RangeAED 1.8M - 20M
Annual Growth4.5%
Rental Yield5.0%
Commercial Properties
Average PriceAED 2,800 per sq ft
Price RangeAED 3M - 25M
Annual Growth3.8%
Rental Yield6.0%
Market Insights
- •Property on Bluewaters commands a premium: apartments average ~AED 2,000 psf, buoyed by the unique location and limited supply.
- •Prices remained strong through 2024, with slight increases (~5%) as the island matured into a full-fledged community; short-term rental potential (holiday lets) also boosts investor interest.
- •Rental yields around 5% are typical given high prices, but investors benefit from high-end clientele and potential for short-term rental income especially during tourism peak seasons.
Short-Term ROI
4-5%
Annual Return
Long-Term ROI
6-7%
Annual Return
Location & Access
Off the coast of Dubai's Jumeirah area, extending into the Arabian Gulf.
Connected to mainland Dubai by a bridge from Al Sufouh Road (near Dubai Marina). The Palm is roughly a 20-30 minute drive to major hubs like Downtown or DXB Airport. It has its own Monorail that runs along the trunk connecting to the Atlantis resort, and road access is mainly via Crescent Road encircling the island. While not directly on the Dubai Metro, residents often drive or take taxis; the upcoming Palm Tower houses a monorail station linking to the mainland tram/metro network.
Transportation
Easy drive from the city, though car ownership is common due to limited public transit on island. Shuttle services and water transport (water taxi) options are available to Marina. A pedestrian bridge links to the tram/metro. Ride-shares are readily accessible, and many tourists come via tour buses or cabs.
Key Attractions
Ain Dubai
The world's tallest observation wheel, offering 360-degree views of Dubai. Each capsule can hold 40 passengers; it has become a must-visit attraction since its opening.
Caesars Palace Bluewaters
A luxury resort on Bluewaters featuring a hotel, premium restaurants, a spa, and a private beach club, bringing a piece of Las Vegas opulence to Dubai.
Madame Tussauds Dubai
A branch of the famous wax museum located on Bluewaters, showcasing lifelike figures of celebrities and public figures, adding to the island's entertainment offerings.
Bluewaters Wharf Retail
An open-air shopping and dining zone along the waterfront, filled with boutique stores, dessert shops, and international eateries with stunning views of the Marina and Gulf.
Community & Lifestyle
Exclusive yet lively. Living on Bluewaters feels like being on holiday every day; residents can step out to world-class attractions and restaurants at any time. Weekdays are relatively calm, while weekends bring an influx of tourists. The lifestyle is social and outdoorsy, with the beach and entertainment at your doorstep. It suits people who enjoy an active, trendy environment and don't mind the steady flow of visitors in exchange for living in a top-tier leisure destination.
Popular For
- Tourist attractions (Ferris wheel)
- Resort-style living
- Waterfront views
- High-end dining and leisure
Community Features
- Pedestrianized promenades, no heavy traffic
- State-of-the-art security and island management
- Mix of hotel, retail, and residential creating a self-contained community
- Beach club and public beach access
Investment Tips
Units with direct wheel or sea views carry a premium – decide if the view is worth the extra cost based on investment or personal preference.
Consider the implications of tourist traffic: lower floors near retail might experience more noise. Higher floors or units in quieter corners could be preferable for long-term residents.
Bluewaters is leasehold (99 years) as it's on Jebel Ali Free Zone land; ensure understanding of lease terms, especially if planning very long-term hold.
Neighborhood Guide
Bluewaters Island is for those who want to be at the center of something new and exciting. It's a showpiece of modern Dubai – if you live here, your friends will always want to visit. Daily life means having upscale brunch with a view one moment and relaxing on a quiet balcony the next. It blends the thrill of a tourist spot with the comfort of a private residence. Ideal for cosmopolitan souls who relish being part of Dubai's ever-evolving story.