Bluewaters Bay: off-plan project in Marsa Dubai
Bluewaters Bay is an off-plan residential apartment project in Marsa Dubai, registered with the Dubai Land Department as project no. 2530 and developed by Dhre 2 BTS L.L.C. From October 16, 2025 to October 16, 2026, 32 off-plan sales were registered there at a median price of AED 3,541,000 (AED 3,718 per sq ft); 80% of sales fall between AED 2,777,000 and AED 7,713,900.
- 32off-plan sales in 12 months
- AED 3,541,000median sale price
- AED 3,718median price per sq ft
- 12.5%construction progress (DLD)
- March 2027end date in the register
- 679registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 3,718 per sq ft, Bluewaters Bay is 110.3% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 32 off-plan sales in 12 months, about 3 a month.
- Construction: 12.5% complete in the DLD register, construction is at an early stage; planned end March 2027.
- Profile: the best-selling type (apartment · 1 bedroom) makes up 46.9% of sales, alongside 3 other types.
Bluewaters Bay: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2530 |
| Registered developer | Dhre 2 BTS L.L.C (developer no. 1510) |
| Master developer | Meraas Estates (L.L.C) |
| DLD area | Marsa Dubai |
| Register status | active |
| Construction progress | 12.5% |
| Project start | February 25, 2023 |
| Planned end | March 1, 2027 |
| Registered units | 679 units |
| Buildings | 2 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Bluewaters Bay off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 2,892,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 15 | AED 2,892,000 | 2,323,984 – 3,446,000 | 74 m² (797 sq ft) | AED 3,713 |
| Apartment · 2 bedrooms | 11 | AED 5,199,000 | 3,482,000 – 5,706,000 | 116 m² (1,249 sq ft) | AED 3,656 |
| Apartment · 3 bedrooms | 4 | AED 7,369,500 | — | 190 m² (2,045 sq ft) | AED 3,581 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 46.9% of off-plan sales, with a median size of 74 m² (57 to 86 m² for 80% of them).
- Apartment · 1 bedroom: 46.9% (15 sales)
- Apartment · 2 bedrooms: 34.4% (11 sales)
- Apartment · 3 bedrooms: 12.5% (4 sales)
- Apartment · 4 bedrooms: 6.3% (2 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Bluewaters Bay off-plan price by quarter
The median off-plan price per sq ft moved from AED 3,508 in Q1 2024 to AED 3,433 in Q3 2026 (-2.1%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 9 | AED 3,508 | — |
| Q2 2024 | 11 | AED 3,891 | +10.9% |
| Q3 2024 | 15 | AED 3,700 | -4.9% |
| Q4 2024 | 17 | AED 3,821 | +3.3% |
| Q1 2025 | 8 | AED 3,902 | +2.1% |
| Q2 2025 | 15 | AED 3,772 | -3.3% |
| Q3 2025 | 15 | AED 3,754 | -0.5% |
| Q4 2025 | 11 | AED 3,530 | -6% |
| Q1 2026 | 14 | AED 3,975 | +12.6% |
| Q2 2026 | 3 | AED 3,656 | — |
| Q3 2026 | 5 | AED 3,433 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Marsa Dubai
To gauge the rental market around Bluewaters Bay: annual rents of Ejari contracts registered in Marsa Dubai over the last 12 months (19,277 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 1,240 | AED 60,500 | 55,000 – 74,000 |
| Apartment · 1 bedroom | 8,129 | AED 93,000 | 80,000 – 115,500 |
| Apartment · 2 bedrooms | 6,921 | AED 140,000 | 120,000 – 180,000 |
| Apartment · 3 bedrooms | 2,522 | AED 200,000 | 165,000 – 277,610 |
| Apartment · 4 bedrooms | 417 | AED 297,000 | 230,000 – 461,012 |
| Apartment · 5+ bedrooms | 37 | AED 435,000 | 280,000 – 800,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Bluewaters Bay?
Bluewaters Bay is in Marsa Dubai, Dubai.
Further reading
- All off-plan projects in Marsa Dubai
- All DLD sales at Bluewaters Bay (new and resale)
- Marsa Dubai property prices
- Marsa Dubai rents
- All Dhre 2 BTS L.L.C projects
Other off-plan projects in Marsa Dubai
- The Residences, Al Habtoor Grand — AED 5,075/sq ft
More projects by Dhre 2 BTS L.L.C
Same budget elsewhere in Dubai (around AED 3,541,000)
- Golf Heights, The Greens — AED 3,525,000
- Mudon Al Ranim 7, Mudon — AED 3,550,000
- Canal Heights 2, Business Bay — AED 3,521,280
- Mudon Al Ranim 6, Mudon — AED 3,555,000
- La Tilia at Villanova Phase 2, Wadi Al Safa 5 — AED 3,446,800
- Grand Polo - Equiterra 2, Dubai Investment Park Second — AED 3,575,888
Projects presented by Cevitas
Frequently asked questions
How much does a home at Bluewaters Bay cost?
Over the last 12 months, the 32 off-plan sales registered with the DLD show a median price of AED 3,541,000, or AED 3,718 per sq ft; 80% fall between AED 2,777,000 and AED 7,713,900. The developer's current prices are on its price list.
When will Bluewaters Bay be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 12.5% complete, with a planned end date of March 1, 2027. The handover date is confirmed by the developer.
Who is the developer of Bluewaters Bay?
The DLD register lists Dhre 2 BTS L.L.C (developer no. 1510), in a community developed by Meraas Estates (L.L.C).
What unit types are sold at Bluewaters Bay?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (15), apartment · 2 bedrooms (11), apartment · 3 bedrooms (4), apartment · 4 bedrooms (2). Best-selling type: apartment · 1 bedroom, at a median AED 2,892,000 for 74 m².
Has the price per sq ft at Bluewaters Bay changed?
The median off-plan price moved from AED 3,508 per sq ft in Q1 2024 to AED 3,433 in Q3 2026, based on DLD-registered sales.
How do I get the Bluewaters Bay price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.