Blue Bay Walk
✓ Resale Available

Blue Bay Walk

From AED 495,000·Completed Dec 2024·100% down payment Payment
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AED 495,000
Starting Price
Dec 2024
Handover
100% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Blue Bay Walk is a prestigious residential complex located along the coast of the Arabian Gulf. The complex is part of Sharjah Waterfront City in the Al Hamriya area. The project consists of six facilities. Each pair of buildings consists of 6 residential floors and a ground floor, united by a common podium, on the roof of which are located: a recreation area with a swimming pool, a playground and a SPA center. The complex has 600 residential units, including studios and apartments with 1-2 bedrooms. All residences are equipped with smart technologies. The balconies offer stunning views of the beach. There are also many services and amenities available in the complex: 24-hour security, parking, intercom, swimming pool, children's pool, playground, gym, running tracks, sports fields, recreation area with barbecue, beach area, landscaped gardens, boutiques, restaurants and cafes, entertainment areas. There are many schools, kindergartens, hospitals and other infrastructure facilities located near the complex. The project has convenient transport links, including Water Taxi and Union Train. Umm Al Quwain Road is 2 minutes away, Mohammed Bin Zayed Road is 8 minutes away, and Emirates Road is 11 minutes away. Dubai International Airport is a 35-minute drive away, and Sharjah International Airport is a 22-minute drive away.

Project Specifications
DeveloperAjmal Makan
LocationHamriya West
Unit TypesStudio, 1 BR, Apartments
AreaHamriya West
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 21,359 / year
Cash-on-Cash
1.8%
Levered cashflow AED 5,024
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 32,175 / 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
Blue Bay Walk launch basis550AED 495,000Current launch / asking basis
Hamriya West ready-stock comps1,500AED 1.35MIndicative resale benchmark
Hamriya West 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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Astraterra Properties

Official Documents

Download official marketing materials from Ajmal Makan.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Blue Bay Walk — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Parking
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone
Sports ground
Walking paths

Location

Hamriya West

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Hamriya WestHamriya WestDubai, UAE

Developer Track Record

01

Blue Bay Walk by Ajmal Makan

02

Located in Hamriya West

03

Starting from AED 495,000

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Dec 2024

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Official brochure and PDF marketing materials available

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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

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