Bluewaters Residence: A Real Estate Success Story by Meraas

The Bluewaters Residence, a premium development by Meraas, has emerged as one of the most lucrative and sought-after real estate projects in Dubai. Located on the iconic Bluewaters Island, this development offers a unique blend of luxury, location, and lifestyle, attracting high-profile investors and end-users alike.

Market Performance

Over the past year, Bluewaters Residence has recorded an impressive 200 transactions, underscoring its strong market demand. These transactions accounted for a remarkable 80% of the total volume, highlighting the project’s dominance in the luxury real estate segment.

Key financial metrics further illustrate its appeal:

• Average Price Per Square Foot: AED 4,946, representing a 26.97% year-on-year increase.
• Average Unit Price: AED 9,461,543, a staggering 61.61% rise compared to the previous year.
• Gross Rental Yield: A solid 5.17%, making it an attractive option for investors seeking steady rental income.

A Lucrative Investment Example

One of the most compelling stories of financial success from Bluewaters Residence comes from a two-bedroom apartment in Bluewaters Residences 3. This unit’s journey over six years demonstrates the exceptional value appreciation achievable in this project:

1. September 2018: The developer sold the 1,450-square-foot unit for AED 3,323,000, translating to AED 2,290 per square foot.
2. January 2020: Just two years later, the property was resold for AED 3,700,000, or AED 2,550 per square foot, reflecting a clear upward trend.
3. November 2023: The same unit fetched AED 7,500,000, with the price per square foot rising to AED 5,170. This marked a significant return on investment in just three years.
4. December 2024: The property changed hands again, this time for AED 10,200,000, achieving an astounding AED 7,034 per square foot.

Factors Driving Growth

Several factors contribute to the exceptional performance of Bluewaters Residence:

1. Prime Location: Situated on Bluewaters Island, the development offers unparalleled views, connectivity to Dubai Marina, and proximity to key city attractions.
2. World-Class Amenities: Residents enjoy access to high-end retail outlets, gourmet dining options, and state-of-the-art recreational facilities.
3. Developer Reputation: Meraas is known for its innovative and high-quality projects, adding an additional layer of trust and desirability.
4. Market Trends: Dubai’s real estate market has been on an upswing, with high demand for luxury properties and limited supply driving prices upward.

Conclusion

Bluewaters Residence by Meraas stands as a testament to the lucrative potential of strategic real estate investments. With consistent appreciation in property value, robust rental yields, and a prime location, it has cemented its position as a premier destination for investors and residents alike. For those looking to capitalize on Dubai’s dynamic real estate market, Bluewaters Residence offers an opportunity that is hard to match.