Bay Grove Residences - Phase 3
Off-Plan

Bay Grove Residences - Phase 3

From AED 2.40M·Handover Jun 2029·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 2.40M
Starting Price
Jun 2029
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
1 BR · 2 BR
Type

Project Overview

Bay Grove Residences - Phase 3 is the third phase of a coastal residential development in Dubai Islands. The project consists of three residential buildings with numbers 5, 6 and 7, connected by green gardens and an infinity pool. Each building has one basement and one ground level with a roof, while the fifth building also consists of eight, the sixth of ten- and the seventh of twenty residential floors. The complex offers apartments with 1-3 bedrooms, as well as spacious duplexes and penthouses with 4 bedrooms. 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 a boardwalk surrounded by lush greenery with an exclusive swimming pool on the first line of the beach, a lot of entertainment for the whole family, including a club for social events, an indoor play area for children and an outdoor children's club, landscaped gardens, an outdoor sports area, bike and hiking trails, gym, barbecue area and parking for visitors. The complex is under 24-hour security and video surveillance. The project has an excellent location, Infinity Bridge is about 6 minutes away, Port Rashid is about 16 minutes away, Downtown Dubai is 26 minutes away, Dubai International Airport is 18 minutes away, Dubai Mall is 25 minutes away, Dubai Hospital is 8 minutes away, and The Elite English School is 6 minutes away.

Project Specifications
DeveloperNakheel Properties
LocationDubai Islands
Unit Types1 BR, 2 BR, Apartments
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 103,560 / year
Cash-on-Cash
2.2%
Levered cashflow AED 24,360
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 156,000 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Bay Grove Residences - Phase 3 launch basis2,667AED 2.40MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Bay Grove Residences - Phase 3 official render 1

Bay Grove Residences - Phase 3 official render 1

Bay Grove Residences - Phase 3 official render 2

Bay Grove Residences - Phase 3 official render 2

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Bay Grove Residences - Phase 3 official render 3

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Bay Grove Residences - Phase 3 official render 4

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Bay Grove Residences - Phase 3 official render 5

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Bay Grove Residences - Phase 3 official render 6

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Bay Grove Residences - Phase 3 official render 7

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Bay Grove Residences - Phase 3 official render 8

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Bay Grove Residences - Phase 3 official render 9

Bay Grove Residences - Phase 3 official render 10

Bay Grove Residences - Phase 3 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Nakheel Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

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Floor Plans

Bay Grove Residences - Phase 3 — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Broadband Internet
Children’s pool
Club house
Concierge Service
Covered Parking
Dog walking area
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Parking
Pets Allowed
Private beach access
SPA
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Sports ground
Walking paths
Yoga studio

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Bay Grove Residences - Phase 3 by Nakheel Properties

02

Located in Dubai Islands

03

Starting from AED 2,400,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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