Gallery
Imagery courtesy of Nakheel.
The project
About Bay Grove Residences 3
Bay Grove Residences 3 is the third building phase of Nakheel's marina-fronted apartment cluster on Dubai Islands, with one- to three-bedroom apartments and four-bedroom penthouses.
Launch pricing was around AED 1.85 million to 2 million on a 20/50/30 plan; the phase is marked sold out on Property Finder.
Delivery is listed for Q1 2029, though one portal cites Q1 2028.
Payment
Payment plan
70/30 — 20% on booking, 50% during construction, 30% on handover
At a glance
Bay Grove Residences 3 key facts
- Developer
- Nakheel
- Community
- Dubai Islands
- Status
- Under construction
- Handover
- Q1 2029
- Starting price
- AED 2M
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom Penthouse
- Payment plan
- 70/30
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 2M. Amounts scale with the unit you choose.
At this price the purchase meets the AED 2M threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Bay Grove Residences 3
- 01
Shortlist and reserve
Choose a unit type and view at Bay Grove Residences 3 and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Nakheel issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q1 2029), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Marina-front mid-rise
- Resort pools and beach access
- Sold-out launch suggests resale demand
What to weigh
- Developer stock sold out
- Handover date inconsistent across portals
- 2028–2029 wait
FAQ
Bay Grove Residences 3 — frequently asked questions
What is the starting price of Bay Grove Residences 3?
Published pricing at Bay Grove Residences 3 starts from AED 2M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Bay Grove Residences 3?
Bay Grove Residences 3 is scheduled for handover in Q1 2029. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Bay Grove Residences 3?
70/30 — 20% on booking, 50% during construction, 30% on handover
Who is the developer of Bay Grove Residences 3?
Bay Grove Residences 3 is developed by Nakheel in Dubai Islands, Dubai.
What unit types are available at Bay Grove Residences 3?
Bay Grove Residences 3 offers 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom Penthouse.
Where is Bay Grove Residences 3 located?
Bay Grove Residences 3 is in Dubai Islands, Dubai.
Can foreigners buy at Bay Grove Residences 3?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at Bay Grove Residences 3 outright.
Does buying at Bay Grove Residences 3 qualify for the UAE Golden Visa?
Units at Bay Grove Residences 3 start at AED 2M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at Bay Grove Residences 3?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 80K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Bay Grove Residences 3?
MRK Real Estate advises on primary purchases and resales at Bay Grove Residences 3. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Nakheel before any transaction.
