|Location||Jumeirah Beach Residence coastline, near Dubai Marina, Dubai, United Arab Emirates|
|Construction started||April 2013|
|Estimated completion||Q1 2018|
|Cost||AED 6 billion|
The project was approved by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and unveiled on February 13, 2013. It is built on reclaimed land by Meraas Holding, with dredging work conducted by Van Oord, the Dutch firm known for its work on Palm Jumeirah, at an estimated cost AED 6 billion (1.6 billion USD, including the Ain Dubai, formerly the Dubai Eye). Construction was originally due to start in April 2013, but actually began on May 20, 2013. It opened in November 2018.
The island features two five-star hotels with direct beach access. Bluewaters also has around 200 beverage and retail and food outlets in the ground level of residential buildings and entertainment section of the island. The total number of residential buildings on the island is 10. Each of these is considered mid-rise and features 15 storeys or fewer.
Bluewaters Island will feature the AED 1 billion ($270m) the Ain Dubai (formerly the Dubai Eye), a 210-metre (689 ft) tall giant Ferris wheel. When completed, it will be 42.5 m (139 ft) taller than the current world's tallest Ferris wheel, the 167.6 m (550 ft) High Roller, which opened in Las Vegas in March 2014, and 19.5 m (64 ft) taller than the 190.5 m (625 ft) New York Wheel planned for Staten Island.
The wheel will be able to carry up to 1,400 passengers, in its 48 capsules, and provide views of Dubai Marina and landmarks such as Burj Al Arab, Palm Jumeirah, and Burj Khalifa. Its base will serve as an entertainment zone, and an 80-metre (260 ft) LED screen will be mounted on the wheel creating an electronic platform for broadcasting, advertisements, and other information.The first passenger capsule was installed on August 21, 2020.
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