Off-plan
Bluewaters Bay
Off-plan island extension
Same micro-market as Bluewaters Phase 1, with extra inventory.
Gross yield
5.6%
QoQ
+1.3 pp
Price/sqft
Dh2,890
Median
Dh3.8M
Gross yield?
5.6%
QoQ change?
+1.3 pp
Price / sqft?
Dh2,890
Median ticket?
Dh3.8M
Handovers next 12mo?
0 (off-plan)
Time to sell?
n/a (off-plan)
Rent change YoY?
n/a
Median annual rent?
n/a
“Same micro-market as Bluewaters Phase 1, with extra inventory for liquidity.”
Demand drivers
Waitlist behind the original Bluewaters launches still exists; this is the release valve.
Supply outlook
Two new towers, both with view risk depending on face. Choose tower carefully.
Strategy fit
Off-plan flip into the original Bluewaters resale market.
Comparable areas
Bluewaters Phase 1 (more mature) and JBR (cheaper).
12-month thesis
Limited inventory plus waitlist puts a soft floor under prices.