On August 31, 2011, a high-definition version of this game was available via App Store for iPad device.

Both editions feature the main single-mode game, while the Collector's one also includes a bonus game in which players can play as Faye, three extra locations, several mini-puzzles, eight wallpapers, and a detailed walkthrough from the developer. Each edition was quickly available on PlayFirst's exclusive partner, Big Fish Games, on the following day of each release date. It was released worldwide as a digital download under two editions, Collector's and Standard-on April 24 and respectively-by PlayFirst. Just two days before the game's scheduled release, the content was leaked online. Another beta version was leaked on January 18, 2011. The Book of Water was first presented limitedly as a beta version on December 3, 2010. The game includes both new and returning characters and locations from the previous games. The town is completely desolate, her mother is missing, and her father is gravely ill, forcing her to embark on a quest to counter the evil spell and seek answers to save her family and hometown.

Set in a mystical world of realistic fantasy where mortal and fairy realms collide, continuing the story from where Dream Chronicles: The Book of Air ended, The Book of Water tells the strange journey of an extraordinary girl named Lyra who has found her way home only to discover that the Fairy Queen of Dreams-her family's biggest rival-has cast a menacing storm over all of her beloved Town of Wish. It is the fifth installment in the Dream Chronicles series, the fourth sequel to 2007's Zeebys-winning game Dream Chronicles, and the middle part of the second unfinished trilogy titled Lyra's Destiny.

Dream Chronicles: The Book of Water (often shortened to Dream Chronicles 5 or The Book of Water) is a 2011 adventure and puzzle casual game developed by KatGames and originally published by PlayFirst.

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