Bay’s Edge — project image
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Bay’s Edge

From AED 2.99M·Completed Sep 2017·100% down payment Payment
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AED 2.99M
Starting Price
Sep 2017
Handover
100% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

Bay's Edge is an upscale project located in Business Bay, Dubai. The 22-storey tower with a curved façade was developed by DAMAC Properties and is managed by DAMAC Maison, a well-known company in the hotel business. The Bay's Edge property collection comprises 220 residential units: studios and 1-3 bedroom apartments. All residences are fully furnished and feature stylish interiors, balconies and panoramic windows overlooking the landscaped pool. The complex offers modern facilities and services: 24-hour maintenance, large swimming pool with bar, temperature-controlled children's pool, equipped gym, separate wellness centres for men and women, high-speed lifts, play area for children, security and video surveillance, car parking and valet service. Bay's Edge is located in the business district of Dubai, with hotels, high-rise residential complexes, offices and infrastructure facilities on both sides of the water canal. The area is adjacent to Downtown Dubai, where major tourist attractions such as Dubai Mall, the Burj Khalifa skyscraper with fountains, Dubai Opera Theatre and Burj Park are concentrated. Near Bay's Edge, a variety of restaurants, cafes, shops, as well as South Ridge Park and Dubai Water Canal Walk are presented.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types2 BR, Apartments
AreaBusiness Bay
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 128,846 / year
Cash-on-Cash
2.2%
Levered cashflow AED 30,308
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.37M / 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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Official Documents

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Payment Structure

100% down payment

Published payment summary

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Amenities & Lifestyle

Children’s pool
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Lift
Lobby
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone
Valet parking

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

Bay’s Edge by Damac Properties

02

Located in Business Bay

03

Starting from AED 2,986,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Sep 2017

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

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Property Enquiries

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

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