Gallery
Imagery courtesy of Nakheel.
The project
About Bay Residences
Bay Residences is a mid-rise waterfront apartment development by Nakheel on Dubai Islands, with 302 homes overlooking the marina and bay.
Launch pricing started around AED 2.3 million on a 20/60/20 plan.
DLD records show roughly 36% completion in March 2026 with an October 2026 handover target.
Payment
Payment plan
80/20 — 20% on booking, 60% during construction, 20% on handover
At a glance
Bay Residences key facts
- Developer
- Nakheel
- Community
- Dubai Islands
- Status
- Handover soon
- Handover
- Q4 2026
- Starting price
- AED 2.3M
- Total units
- 302
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom
- Payment plan
- 80/20
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 2.3M. 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 Residences
- 01
Agree the price
Agree terms with the seller of a unit at Bay Residences, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
Nakheel issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new 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
- Bay and marina views
- One of the first Nakheel apartment deliveries on Dubai Islands
- Strong rental positioning
What to weigh
- Completion was only 36% in early 2026
- Island amenities still maturing
- Bridge-only access
FAQ
Bay Residences — frequently asked questions
What is the starting price of Bay Residences?
Published pricing at Bay Residences starts from AED 2.3M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Bay Residences?
Bay Residences is scheduled for handover in Q4 2026. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Bay Residences?
80/20 — 20% on booking, 60% during construction, 20% on handover
Who is the developer of Bay Residences?
Bay Residences is developed by Nakheel in Dubai Islands, Dubai.
What unit types are available at Bay Residences?
Bay Residences offers 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom across 302 units.
Where is Bay Residences located?
Bay Residences is in Dubai Islands, Dubai.
Can foreigners buy at Bay Residences?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at Bay Residences outright.
Does buying at Bay Residences qualify for the UAE Golden Visa?
Units at Bay Residences start at AED 2.3M, 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 Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 92K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Bay Residences?
MRK Real Estate advises on primary purchases and resales at Bay Residences. 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.
