Bluewaters Residences 3 — Bluewaters Island, Dubai

Bluewaters Residences 3 is a distinguished residential building nestled on the iconic Bluewaters Island, one of Dubai's most sought-after lifestyle destinations developed by the acclaimed Meraas. Positioned on a man-made island off the coast of Jumeirah Beach Residence, this development offers residents an unparalleled living experience defined by breathtaking waterfront views, world-class leisure, and a serene island ambiance that feels a world away from the city's bustle — yet remains supremely connected to it. The building forms part of the broader Bluewaters Residences collection, a thoughtfully curated community of apartment buildings that collectively redefine modern coastal living in Dubai. Residents of Bluewaters Residences 3 enjoy a refined architectural aesthetic that blends contemporary design with Mediterranean-inspired warmth, featuring clean lines, expansive glazing, and elegantly finished interiors that frame panoramic views of the Arabian Gulf, Ain Dubai — the world's largest observation wheel — and the glittering Dubai Marina skyline. Life at Bluewaters Residences 3 revolves around a rich tapestry of experiences. The island's pedestrianised retail and dining promenade sits at your doorstep, offering an eclectic mix of restaurants, cafés, boutiques, and entertainment venues. Whether you seek a morning stroll along the waterfront, an evening at one of the island's acclaimed dining establishments, or simply the tranquillity of island living, this address delivers it all with effortless grace. For families, professionals, and discerning investors alike, Bluewaters Residences 3 represents the very best of Dubai's premium island lifestyle. The combination of Meraas's renowned quality of delivery, an exceptional location, and a vibrant yet peaceful community environment makes this building one of the most desirable addresses on Bluewaters Island.

Developer: Meraas

Facilities: Temperature-controlled swimming pool, Fully equipped gymnasium, Children's play area, Dedicated covered parking, 24-hour security and concierge service, Landscaped podium gardens and outdoor lounges, High-speed elevators, Residents' lobby with premium finishes, Bicycle storage facilities, Building maintenance and facilities management services

DRE Advisory:

Nearby: Ain Dubai – World's Largest Observation Wheel (on-island), Bluewaters Island Promenade and Retail Boulevard (on-island), JBR – Jumeirah Beach Residence and The Walk (1 km), The Beach at JBR (1.5 km), Dubai Marina Mall (3 km), Palm Jumeirah (4 km)

Residential Building

Bluewaters Residences 3

Bluewaters Island · Dubai · Meraas

2020
Year Built
AED 18–22 / sqft (est.)
Est. Service Charge / year
Estimated range based on community averages. Verify with the owners association before purchase.

About Bluewaters Residences 3

Bluewaters Residences 3 is a distinguished residential building nestled on the iconic Bluewaters Island, one of Dubai's most sought-after lifestyle destinations developed by the acclaimed Meraas. Positioned on a man-made island off the coast of Jumeirah Beach Residence, this development offers residents an unparalleled living experience defined by breathtaking waterfront views, world-class leisure, and a serene island ambiance that feels a world away from the city's bustle — yet remains supremely connected to it. The building forms part of the broader Bluewaters Residences collection, a thoughtfully curated community of apartment buildings that collectively redefine modern coastal living in Dubai. Residents of Bluewaters Residences 3 enjoy a refined architectural aesthetic that blends contemporary design with Mediterranean-inspired warmth, featuring clean lines, expansive glazing, and elegantly finished interiors that frame panoramic views of the Arabian Gulf, Ain Dubai — the world's largest observation wheel — and the glittering Dubai Marina skyline. Life at Bluewaters Residences 3 revolves around a rich tapestry of experiences. The island's pedestrianised retail and dining promenade sits at your doorstep, offering an eclectic mix of restaurants, cafés, boutiques, and entertainment venues. Whether you seek a morning stroll along the waterfront, an evening at one of the island's acclaimed dining establishments, or simply the tranquillity of island living, this address delivers it all with effortless grace. For families, professionals, and discerning investors alike, Bluewaters Residences 3 represents the very best of Dubai's premium island lifestyle. The combination of Meraas's renowned quality of delivery, an exceptional location, and a vibrant yet peaceful community environment makes this building one of the most desirable addresses on Bluewaters Island.

DRE Advisory

District Real Estate has specialist knowledge of Bluewaters Residences 3 and the wider Bluewaters Island sub-market. Contact our advisory team for current resale inventory, yield analysis, and transaction support.

Community Feel

Bluewaters Residences 3 fosters a cosmopolitan yet intimate community atmosphere where neighbours share a mutual appreciation for refined island living. The resident profile is diverse — a blend of international professionals, young families, and affluent retirees — united by a lifestyle centred on waterfront leisure, fine dining, and wellbeing. Day-to-day life is leisurely and pedestrian-friendly, with the island's promenade encouraging a relaxed rhythm of morning walks, outdoor dining, and weekend exploration. It is a community that feels exclusive without being isolating, vibrant without being overwhelming.

Investment Outlook

Bluewaters Island commands significant investor interest owing to its exclusivity, limited supply, and Meraas's strong reputation for quality development. Properties within the Bluewaters Residences collection typically attract gross rental yields in the range of 5% to 7%, with demand driven by high-net-worth tenants, corporate executives, and tourism-linked short-term rental demand — particularly given the island's proximity to Ain Dubai and its robust footfall of visitors year-round. Capital appreciation prospects for Bluewaters Residences 3 remain compelling. The island's controlled supply of residential units, combined with Dubai's sustained population growth and increasing global profile as a premier lifestyle destination, underpins long-term value. Properties here benefit from freehold ownership eligibility for international buyers, making them attractive to both regional and global investors seeking a trophy asset in one of the world's most dynamic real estate markets. The typical buyer profile includes UAE-based professionals, European and Asian investors, and HNWI buyers seeking a second home or holiday property. The short-term rental market is particularly active here, further enhancing yield potential for investors who elect to leverage the island's strong tourism draw.

Building Facilities

Temperature-controlled swimming pool
Fully equipped gymnasium
Children's play area
Dedicated covered parking
24-hour security and concierge service
Landscaped podium gardens and outdoor lounges
High-speed elevators
Residents' lobby with premium finishes
Bicycle storage facilities
Building maintenance and facilities management services

Getting Around

Bluewaters Island is connected to the mainland via a dedicated vehicular bridge from King Salman Bin Abdulaziz Al Saud Street and a pedestrian bridge from JBR's The Walk. The nearest metro station is DMCC Metro Station (approximately 10 minutes by car), with Dubai Marina and JBR also easily accessible. Dubai International Airport is approximately 35 minutes away, while Al Maktoum International Airport is around 40 minutes by road. Taxis and ride-hailing services are readily available on the island.

Nearby Landmarks

  • Ain Dubai – World's Largest Observation Wheel (on-island)
  • Bluewaters Island Promenade and Retail Boulevard (on-island)
  • JBR – Jumeirah Beach Residence and The Walk (1 km)
  • The Beach at JBR (1.5 km)
  • Dubai Marina Mall (3 km)
  • Palm Jumeirah (4 km)

Nearby Buildings

Bluewaters Residences 1
Bluewaters Residences 2
Bluewaters Residences 4
Caesars Palace Bluewaters Dubai (hotel residences)
Bluewaters Bay (Meraas)

Frequently Asked Questions

Is Bluewaters Residences 3 a freehold property available to foreign buyers?

Yes, Bluewaters Residences 3 is located within a designated freehold zone in Dubai, meaning that non-UAE nationals can purchase properties here and hold full freehold ownership. This makes it an attractive option for international investors and expatriate residents alike.

What types of apartments are available in Bluewaters Residences 3?

Bluewaters Residences 3 offers a variety of unit configurations catering to different lifestyle needs, typically including one, two, three, and four-bedroom apartments. Many units feature balconies with views of the Arabian Gulf, Ain Dubai, or the Dubai Marina skyline.

Are short-term or holiday rentals permitted in Bluewaters Residences 3?

Short-term rentals are generally permitted on Bluewaters Island, subject to obtaining the appropriate DTCM holiday home licence from Dubai's Department of Tourism and Commerce Marketing. The island's strong tourist appeal and proximity to Ain Dubai make short-term letting a popular strategy among investors in this building.

How is parking managed at Bluewaters Residences 3?

Residents of Bluewaters Residences 3 benefit from dedicated covered parking allocated within the building. The number of parking spaces assigned typically corresponds to the unit size and type. Visitor parking is also available on the island.

What is the service charge rate for Bluewaters Residences 3?

Service charges at Bluewaters Residences 3 are regulated by the Dubai Land Department (RERA) and reflect the island's premium positioning and the quality of amenities and facilities provided. Prospective buyers should request the most current RERA-registered service charge rates from their agent or the Dubai Land Department's official channels, as figures are updated periodically.

Enquire About Bluewaters Residences 3

Our Bluewaters Island specialists have access to current resale inventory, rental listings, and yield data for Bluewaters Residences 3. Let us help you make the right move.

Contact an AdvisorExplore Bluewaters Island

Building details are indicative and based on DRE research. Unit counts, sizes, and amenities may vary. Not investment advice. Verify all information with DRE advisors before transacting.

WhatsAppCall 800 DRE