Bay Grove Residences - Phase 2 — project image
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Bay Grove Residences - Phase 2

From AED 3.99M·Handover Nov 2028·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 3.99M
Starting Price
Nov 2028
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
2 BR · Apartments
Type

Project Overview

Bay Grove Residences - Phase 2 is the second phase of a coastal residential development by Nakheel Properties, located in Dubai Islands, Dubai. This exclusive project consists of four residential buildings with numbers 9, 10, 11 and 12 with one basement and one ground level with a roof in each of them. At the same time the ninth building has nine, the tenth - eleven, the eleventh - twenty and the twelfth eighteen residential floors, connected by green podium level gardens and an infinity pool. The development features 1-3 bedroom apartments, as well as spacious duplexes and 4-bedroom penthouses. Each unit is designed for comfort and relaxation, featuring elegant interiors, panoramic windows and private terraces with breathtaking views. Residents of the complex can enjoy beautiful features such as a boardwalk, a host of activities for the whole family including a clubhouse for social events, indoor and outdoor play area for children, landscaped gardens, outdoor sports area, cycling and walking paths, gym, BBQ area and visitor parking. The complex is under 24-hour security and video surveillance. The project has an excellent location with Infinity Bridge only 6 minutes away, Port Rashid 19 minutes, Downtown Dubai 26 minutes, Dubai International Airport 18 minutes, Dubai Mall 25 minutes, Dubai Hospital 8 minutes, The Elite English School 6 minutes.

Project Specifications
DeveloperNakheel Properties
LocationDubai Islands
Unit Types2 BR, Apartments
AreaDubai Islands
OwnershipFreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 172,168 / year
Cash-on-Cash
2.2%
Levered cashflow AED 40,498
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.84M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Bike path
Children’s pool
Covered Parking
Coworking zone
Infinity pool
Kids Play Area
Landscaped garden
Lift
Lobby
Private beach access
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Walking paths
Yoga studio

Location

Dubai Islands

Nearby Destinations

Dubai Islands

Developer and Project Facts

01

Bay Grove Residences - Phase 2 by Nakheel Properties

02

Located in Dubai Islands

03

Starting from AED 3,990,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Nov 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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