As we all know that Dubai is known for its luxurious real estates and Bluewaters island no exception, Right? This is located off the coast of Jumeirah Beach Residence, Bluewaters island offers a range of beautiful properties in an exclusive and very sought[after area. Now every investor has a chance to purchase Dubai’s finest properties from studio to penthouses in prestigious locations. In this article we will go through many different amenities available on Bluewaters Island, and detailing types, rental cost, building regulations and fees associated on the island and financing options availability. For those looking to invest in this exclusive island community, there are many bluewaters island properties for sale in Dubai to choose from.
Location and Amenities
The beautiful island is located in the vibrant city of Dubai and offers a variety of amenities. This island has multiple public beaches and parks that draw visitors from all around the world. The luxurious shopping centers with high end restaurants are amazing. You would be surprised to know that this island also has some of the best entertaining venues in the country, such as live music, comedy shows, nightclubs and many more. If you are looking for serenity of adventure, there are plenty of options available for you. Cycling paths run along the entire cost line providing stunning views of the Arabian sea and more. Moreover, numerous spas and wellness centers offer holistic treatment to help you get relaxed. So much to do here it’s easy to understand why people block to this destination every year.
Types of Properties Available
Real estate options available on Bluewaters Island in Dubai offer different opportunities to purchase properties. The unique location of the island that offers direct access to the Arabian sea and Jumeirah beach residence as well as its proximity to different tourist attractions makes it an ideal destination for those looking to invest in real estate.
|Property Type||Size Range||Price Range|
|Apartments||< 200 sqm||> AED 2M|
|Villas||> 500 sqm||> AED 9M|
|Townhouses||200 – 500sqm||4 – 8M|
The size of property available from small studio apartment to a large standalone village with the price ranging from a few million dirhams up to tens of millions. There are also several townhouses that provide great options for those seeking something between these two extremes. Every property comes with different features and amenities that can be tailored according to your needs and references.
Bluewaters Islands are one of the most attractive real estate investments available in the United Arab Emirates. Due to its wide range of property types, sizes and price point it attracts a lot of investors. With the high demand for residential housing across the region investors have a great opportunity to make good returns while enjoying all the luxurious benefits of the island. Investing in blue waters island real estate might be lucrative in both short term and long term scenarios.
Getting the attention of visitors from afar, Bluewaters island offers an incredible rental opportunity for those looking to capitalize on the booming rental market in Dubai. Moreover, the economic powerhouse Dubai has also become one of the most visited place for tourists. This makes it a great place to invest in real estate rental. The island is located on Dubai’s coast providing views of its spectacular skyline and access to some of the city’s best attractions.
|Impressive views & amenities||Potential overcrowding with new development projects|
|Good accessibility with Metro & Monorail connections||Strict building regulations which may make it difficult to build or renovate properties as desired|
|Growing rental market due to increasing population & tourism activity||High prices compared to other areas of Dubai|
Removing or constructing a property on Bluewaters might be restricted by the local building regulations. These laws are typically established to protect public safety and health, also the environment. Building regulations vary from region to region and some of these rules can improve structural requirements for construction and renovation such as seismic design, fire resistance rating, height restrictions and wind load regulations. Other regulations may pertain to energy efficiency standards for fixtures and appliances within the property.
In addition there are maybe restrictions on use of materials that could be hazardous in a residential area or which could damage the surrounding environment. Therefore developers must take all of these regulations into consideration when constructing or renovating new buildings in Bluewaters Island.
Costs and Fees
Before starting a development project, potential investors must factor in costs and fees associated with the proposed plan. Building on Bluewaters Island is no different. The cost of doing business in Dubai varies widely depending on the size and scope of a project.
|Construction Materials||Cost of purchasing raw materials needed for construction such as steel, concrete, glass, etc.|
|Infrastructure Development Fees||Fees paid to the government for developing roads, sewage, power, water and other infrastructure.|
|Labor||Payment for skilled construction workers, equipment operators, as well as unskilled laborers.|
|Land Registration||Charges for legally registering the land purchase through Dubai Land Department (DLD).|
|Permits & Licenses||Fees paid to relevant Dubai authorities for construction permits, operating licenses, visas, etc.|
|Professional Services||Payment for services like engineering, architecture, project management, legal, etc.|
|Utility Installation||Cost of setting up electricity, district cooling, water, gas utilities.|
Following the previous subtopic, this article will discuss the various financing options available for those looking to purchase a Bluewaters Island property in Dubai.
First and foremost, all the prospective buyers should research different types of mortgages and loans available to them. These include fixed-interest rate loans or variable-rate credit lines, depending on an individual’s financial situation. In addition, potential buyers may also consider options such as: 1. Taking out a second mortgage 2. Borrowing against an investment portfolio 3. Refinancing existing debt
Bluewaters Island in Dubai presents an attractive option for all those people looking to invest in real estate properties. With stunning views, a variety of properties are available with high potential for rental incomes, this is an area worthy of consideration for investment. Building regulations are in place to ensure quality construction with fees and cost associated with purchasing or building being taken into account when making a decision. Financing options can also be provided for those seeking to purchase on the island. All in one Bluewaters Island offers many exciting opportunities.
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