How Bluewaters Island Apartment Turned Into Massive Profit In Just Six Years.
Sold, Managed & Monitored by Fatima Ela.
Fatima ELARURI
3/2/20253 min read


Located across the water from Dubai Marina. Bluewaters Island is split into different areas across residential, retail, leisure and entertainment, hotels and beach clubs.
Bluewaters Island is one of the most impressive man-made islands in Dubai. It is a multi-billion project by Meraas featuring the world’s largest observation wheel, Ain Dubai. Bluewater Island Dubai location is Jumeirah Beach Residence coastline, near Dubai Marina.
Bluewaters Island project was launched back in 2013 and the main contractors were Van Oord, Hyundai Contracting and Starneth Engineering. Approved by H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, it is one of the best master-planned residential islands in Dubai offering luxurious waterfront properties.
Bluewaters Island project is all about beachfront living, luxurious properties, resort-like amenities and tourist hotspots. The project was opened to the public in 2018 while handovers for the residential properties started in March 2017. There are 10 mid-rise residential buildings, each having 15 floors above the ground. There are retail stores and F&B outlets on the ground floor of these buildings beside the dedicated retail centre. With luxury amenities and properties on offer, it is one of the most expensive areas to live in Dubai.
This apartment in Bluewaters Residences 8 was purchased in April 2018 for AED 5,435,000 and sold in February 2024 for AED 12,500,000. The total cost of ownership, considering the DLD tee, was AED 5,652,400, leading to a capital investment of AED 2,935,900. Over a holding period of 5.75 years, the net profit from this transaction amounted to AED 6,847,600, resulting in a Return on Invested Capital (ROIC) of 233.28%. The transaction showcases a significant profit and an excellent return on the investment made in the Dubai real estate market.
Investing in waterfront or beachfront islands in Dubai has historically proven to be highly lucrative, with iconic projects like Palm Jumeirah, The World Islands, and Dubai Creek Harbour generating substantial returns for investors. The combination of limited land availability, high demand for luxury waterfront properties, and Dubai’s status as a global hub makes these investments attractive.
Bluewaters Island








Transaction Overview
Location: Bluewaters Residences 8 (Bluewaters Island)
Property Type: 3 Bedroom Apartment
Property Size: 2,097 sqft
Purchase Date: April 2018
Purchase Price: AED 5,435,000
Sold Date: 1st February 2024
Sold Price: AED 12,500,000




Purchase Price in USD: AED 5,435,000 / 3.65 = USD 1,489,047
Sold Price in USD: AED 12,500,000 / 3.65 = USD 3,424,658
DLD Fee in USD: AED 217,400 / 3.65 = USD 59,567
Total Cost of Ownership in USD:AED 5,652,400 / 3.65 = USD 1,548,603
Capital Investment in USD: AED 2,935,900 / 3.65 = USD 804,356
Net Profit in USD: AED 6,847,600 / 3.65 = USD 1,876,055

