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PAYMENT PLAN
UNIT PRICE | AED 3,500,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,450,150 |
2. DLD Transfer fee 4% + 40 AED | AED 140,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 73,500 |
PAYMENT PLAN SCHEDULE
15-JUL-2026 | AED 372,700 |
15-NOV-2026 | AED 372,700 |
15-MAR-2027 | AED 186,350 |
On Handover (15-NOV-2028) | AED 1,118,100 |
SUMMARY
Total on Transfer | AED 1,668,940 |
Total remaining Payment Plan | AED 2,049,850 |
TOTAL COST FOR BUYER | AED 3,718,790 |
PROJECT DESCRIPTION
OVERVIEW
Bay Grove Residences is a planned multi building residential complex located within the Dubai Islands master development in Deira, Dubai, United Arab Emirates. The project forms part of the wider Palm Deira redevelopment led by master developer Nakheel and is positioned on one of the islands closest to the mainland shoreline. The scheme comprises four mid rise residential buildings arranged around landscaped podium areas and shared leisure facilities.
LOCATION & TRANSPORT
Bay Grove Residences is situated within Dubai Islands, a large scale waterfront redevelopment located off the northern coastline of Deira. Dubai Islands consists of several reclaimed islands connected to the mainland via a series of bridges and coastal roads. The area forms part of the ongoing transformation of the historic Palm Deira project into a mixed use district that includes residential communities, beachfront hotels, retail precincts and leisure attractions. The development lies within Island B, one of the land masses closest to the mainland districts of Deira and Al Mamzar.
AMENITIES & SURROUNDING
Amenities planned within Bay Grove Residences emphasise outdoor activity and communal spaces integrated into the podium landscaping. Facilities planned for residents include an infinity pool positioned between the buildings as well as separate adult and children pools. Additional leisure facilities include barbecue zones, shaded seating areas, cycle paths and jogging tracks. Indoor amenities will include a fitness centre equipped for cardio and strength training as well as spaces dedicated to yoga and meditation. Communal interior facilities include a residents lounge, clubhouse and co working area intended to support home based work activities.
MARKET
The Bay Grove Residences complex is designed as four residential buildings integrated around shared leisure facilities located on a common podium level. The buildings will feature residential apartments with floor to ceiling windows and private terraces designed to maximise views toward either landscaped podium spaces or the surrounding coastal waters. Residential unit configurations include one bedroom, two bedroom and three bedroom apartments together with larger duplex formats in selected buildings. Interior layouts incorporate integrated storage, open plan living and kitchen spaces and balcony areas oriented toward outdoor views. According to published project information the development will include approximately 296 units across the four structures. The project is being developed by Nakheel through its subsidiary associated with the Palm Deira redevelopment. Nakheel is one of Dubai major master developers responsible for several large scale waterfront projects including Palm Jumeirah and the broader Deira Islands transformation.
CONCLUSION
The Bay Grove Residences complex is designed as four residential buildings integrated around shared leisure facilities located on a common podium level. The buildings will feature residential apartments with floor to ceiling windows and private terraces designed to maximise views toward either landscaped podium spaces or the surrounding coastal waters. Residential unit configurations include one bedroom, two bedroom and three bedroom apartments together with larger duplex formats in selected buildings.