This work aims at achieving homogeneous luminescent films from Ce-doped yttrium aluminium garnet (YAG:Ce) phosphors dispersed in aqueous suspensions. Colloidal luminescent suspensions of YAG:Ce nanoparticles have been successfully prepared by a solvothermal process. Powder resulting from the dried as-synthesized suspension was submitted to different thermal treatments and a thorough study of nanoparticles aqueous suspensions has been carried out, for each thermal treatment. The influence of these treatments on the structural, morphological and optical properties of YAG:Ce nanopowders were studied by means of X-ray diffraction, infrared spectroscopy and transmission electron microscopy. Besides, particles size distribution and zeta potential of YAG:Ce aqueous suspensions in different pH conditions were investigated by dynamic light and electrophoretic light scatterings, respectively, in order to characterize suspensions stability. This study enabled us to optimize heat treatment and redispersion parameters in order to achieve very homogeneous luminescent films which can be used for display or mood lighting.